Optum Moves into Physician Group Space with Acquisition | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Optum Moves into Physician Group Space with Acquisition

September 30, 2014
by Gabriel Perna
| Reprints

Optum, an Eden Prairie, Minn.-based clinical analytics firm, will acquire Irving, Texas-based physician practice management and revenue management software firm, MedSynergies.

The move allows Optum to move its revenue management capabilities into the physician group space. MedSynergies has a customer base of 9,300 care providers in the U.S., the company says. The company secured $65 million in funding in 2013. While its customer base is primarily physician groups, it has provided its services for large health systems like Catholic Health Initiatives and Texas Health Resources. Optum says with the acquisition it plans on integrating revenue management services, clinical analytics and clinical workflow tools to serve the needs of large health systems and their employed and affiliated physician groups.

“MedSynergies is a proven innovator in helping physician practices improve performance, and shares our commitment to supporting care providers in continually elevating the quality of patient care in the communities they serve,” Larry Renfro, CEO of Optum, said in a statement. “(Its) capabilities fill out our revenue management offerings and enable us to now serve care providers across their care continuum from ambulatory and outpatient through inpatient and critical care services.”

Optum, a UnitedHealth company, did not disclose terms of the deal. The transaction is subject to regulatory approval and other customary closing conditions. MedSynergies will maintain its office in Irving.  

Last year, Optum had revenue of $1.18 billion.


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.

Learn More



NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.

AMIA, Pew Urge Congress to Ensure ONC has Funding to Implement Cures Provisions

The Pew Charitable Trusts and the American Medical Informatics Association (AMIA) have sent a letter to congressional appropriators urging them to ensure that ONC has adequate funding to implement certain 21st Century Cures Act provisions.

Former Michigan Governor to Serve as Chair of DRIVE Health

Former Michigan Governor John Engler will serve as chair of the DRIVE Health Initiative, a campaign aimed at accelerating the U.S. health system's transition to value-based care.

NJ Medical Group Launches Statewide HIE, OneHealth New Jersey

The Medical Society of New Jersey (MSNJ) recently launched OneHealth New Jersey, a statewide health information exchange (HIE) that is now live.

Survey: 70% of Providers Using Off-Premises Computing for Some Applications

A survey conducted by KLAS Research found that 70 percent of healthcare organizations have moved at least some applications or IT infrastructure off-premises.