McKesson, the San Francisco-based health IT giant, has announced that MED3OOO and Pioneer Medical Group have signed a definitive agreement to jointly own and operate a new advanced management services joint venture. The partnership will offer physician group management, operations (including revenue cycle management), administration, hosted technology solutions, data warehousing and third-party administrative services, and sophisticated data management for provider groups and networks, employers, and hospitals. The joint venture represents an important step toward McKesson’s goal of helping providers achieve better business health by improving their operations.
Based in Cerritos, Calif., Pioneer Medical Group is one of the premier multi-specialty physician groups in California, with eight clinical locations throughout the Los Angeles and Orange County areas. With the medical group as its initial customer, the joint venture is positioned to expand to other interested physicians and physician groups in the greater Los Angeles area in the future.
“This partnership approach enables our medical group and independent practice association to maintain that independence from institutional ownership,” John M. Kirk, CEO, Pioneer Medical Group, said in a statement. “The people of MED3OOO understand physicians and have a track record of building successful, long-term, meaningful partnerships. I am delighted to be associated with this great organization, and I believe that its vision, capabilities and culture of partnership will be an excellent fit with ours.”
Recently acquired by McKesson, MED3OOO operates as part of McKesson Revenue Management Solutions and plays a strategic role in the company’s Better Health 2020™ strategy, which is focused on providing the capabilities needed to reduce costs, improve financial performance and successfully manage complex payment models.
Get the latest information on Finance and Revenues and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.