Welcome!

News Feed Item

McKesson’s MED3OOO and Pioneer Medical Group Announce Strategic Partnership and Joint Venture

McKesson today announced that MED3OOO and Pioneer Medical Group have signed a definitive agreement to jointly own and operate a new advanced management services joint venture. MED3OOO was recently acquired by McKesson and operates as part of McKesson Revenue Management Solutions. The joint venture represents an important step toward McKesson’s goal of helping providers achieve better business health by improving their operations.

The joint venture 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. With Pioneer 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.

Pioneer Medical Group is one of the premier multi-specialty physician groups in California. Based in Cerritos, Calif., the group includes 45 multi-specialty physicians with offices in Bellflower, Cerritos, Downey, Lakewood, Long Beach, Los Alamitos, and South Gate.

“We selected MED3OOO for this strategic partnership to help ensure our continued success in the ever-changing healthcare environment while continuing to preserve the great Pioneer brand and our autonomy as a physician-owned medical group,” explained John M. Kirk, chief executive officer, Pioneer Medical Group. “This partnership approach enables our medical group and independent practice association to maintain that independence from institutional ownership. 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.”

“MED3OOO and Pioneer Medical Group are in alignment with the core missions of improving the quality and cost of care in the communities we serve,” stated Patrick Hampson, president, MED3OOO. “Pioneer Medical Group is led by strong physician and management teams. Our partnership will focus on expanding the group’s capabilities with technologies and operational resources to help grow the organization. We believe that physicians who want to remain independent will be attracted to joining Pioneer Medical Group and to be part of a physician-led organization managed by a company that can provide the added capabilities to help them spend more time on healthcare delivery and their patients. We are confident that the patients of Pioneer Medical Group also will benefit in both quality and cost of care.”

MED3OOO, recently acquired by McKesson, includes more than 1,900 employees who now operate as part of McKesson Revenue Management Solutions. Prior to joining McKesson, MED3OOO was recognized by Inc. magazine on its Top 5,000 List for the last five years as one of the fastest growing companies in the nation. MED3OOO offerings include an array of proprietary and non-proprietary healthcare management products and services, advanced operational infrastructure, and technology solutions. Customers include physician groups, hospitals and health systems, employers, and accountable care organizations (ACOs). ACO customers include those organizations that have been accepted for CMS shared savings programs and physician associations with risk-based contracts, as well as hospitals, physician groups, employers, and state and local governments.

A leader in medical billing and practice management services, McKesson Revenue Management Solutions (including MED3OOO) comprises more than 6,500 experienced revenue cycle professionals. Its services are uniquely designed to help practices improve efficiency and grow revenues while staying current with the latest regulatory requirements. Revenue Management Solutions plays a strategic role in McKesson’s Better Health 2020TM strategy, which is focused on providing the capabilities needed to reduce costs, improve financial performance and successfully manage complex payment models.

About Pioneer Medical Group

Pioneer Medical Group is a physician-owned multi-specialty medical group with operations in eight clinical locations in Los Angeles and Orange Counties. PMG was formed in October 2000 by 54 physicians and throughout the years has received numerous awards and recognition for clinical measures, IT development, and patient satisfaction. In addition to its fee-for-service business, PMG has capitated enrollment of approximately 35,000 covered lives.

About McKesson Corporation

McKesson Corporation, currently ranked 14th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit www.mckesson.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and micro services. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your contain...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
"Operations is sort of the maturation of cloud utilization and the move to the cloud," explained Steve Anderson, Product Manager for BMC’s Cloud Lifecycle Management, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackIQ...
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.