MedSynergies and Vanguard Health Systems Form Joint Venture
September 18, 2012
New organization established to provide best-in-class management services to Vanguard's employed physicians
Vanguard Health Systems, Inc. has formed a joint-venture management services organization (MSO) with MedSynergies, Inc. to deliver key business functions and physician management services under one, centralized organization across multiple markets. The new entity will support Vanguard providers at 28 hospitals and facilities nationwide.
The jointly-formed MSO will give Vanguard physicians and staff immediate access to services and resources from MedSynergies, including revenue cycle management, technology, financial and patient services, human resources, accounting and credentialing, among others. According to Tim Petrikin, executive vice president of ambulatory care services at Vanguard Health Systems, the MSO offers the scale and resources necessary to deliver on Vanguard’s promise to provide compassionate, quality care.
"Our organization has experienced tremendous growth over the past 18 months. This new partnership with MedSynergies helps accommodate our expansion as we implement best practices across all markets, offering physicians the range of office management and business services they need to better support their practices. Providers can then concentrate on what matters most: quality care for their patients," said Petrikin.
As a national leader in developing and operating physician services organizations, MedSynergies works with major health systems to align their operations, increase patient market share and achieve positive financial results. Processing nearly 12 million patient visits a year, MedSynergies handles more than one billion dollars in billing and collections for its 8,000 providers nationwide.
"This joint venture demonstrates a shared commitment to deliver the best health care for the patients served by Vanguard’s physicians nationwide," said J.R. Thomas, chief executive officer of MedSynergies. "By providing services that drive operational and financial results for the physician organization, this relationship positions Vanguard for long-term success in a rapidly changing health care landscape."
About MedSynergies, Inc.
MedSynergies partners with health care organizations and physicians to align their operations by providing revenue cycle management, practice management, consulting services, business process analysis and software integration solutions. Leveraging its knowledge and experience in hospital-physician alignment, MedSynergies improves processes, optimizes technology and builds on trusted patient relationships, enabling hospitals and physician practices to offer quality health care. Founded in 1996, MedSynergies is privately held and headquartered in Irving, Texas. MedSynergies currently partners with hospitals and health networks and serves more than 8,000 providers across the United States. For more information, please visit www.medsynergies.com