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MED3OOO: Helping physicians monitor offices and outcomes

August 1, 2007
by root
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MED3OOO, Inc., Pittsburgh, has successfully built one of the largest and most advanced healthcare management, business process optimization and data management companies focused on the physician sector.

Since its founding in 1995, MED3OOO has focused on filling the void between the available administrative, clinical and management technologies and the business process challenges facing physicians.

Amid the regulatory changes, pay-for-performance initiatives, and trends toward population health reporting, most agree that physicians and physician group practices need to monitor more than just billing.

Concentrating on the outcomes management and financial bottom line of its clients, MED3OOO has developed the industry's leading clinical and financial/administrative data warehouse and analytic engine. The M3/IQ data warehouse and analytic engine offers reporting capabilities to help physicians monitor quality of care, operational efficiency, financial health and progress towards strategic objectives including pay-for-performance benchmarks and related population health management milestones.

By providing advanced data reporting with each service line and offering, MED3OOO becomes a key strategic partner for its customers for RCM and practice management, notes Patrick V. Hampson, Chairman & CEO. "We recognize that clinical, operational, and administrative transformation cannot be optimized simply through the application of technology, and therefore, we position our company as a premier strategic operations partner for each of our provider clients," Hampson says. "Our leadership position in data collection, dissemination and information reporting gives us a dominant position in measuring and improving the quality and cost of healthcare while providing our clients with a clear sustainable advantage in the delivery of care."

MED3OOO is beginning phase two of its growth strategy, Hampson adds. "We're leveraging our knowledge base and operational infrastructure to pursue emerging growth opportunities in areas such as population health management and predictive health modeling, electronic health records for patients, and development of connectivity strategies focused on the movement of health data along the spectrum of care," he says. "In addition, MED3OOO will be embarking on strategies focused on hospital-based specialties."

Ranked #42 on the 2007 Healthcare Informatics Top 100, MED3000 nearly doubled its revenue from 2005 to 2006. The company maintains 19 operations centers across the United States and serves about 9,500 clients across physician practices, IPAs, TPAs, health systems, and government emergency medical services.