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
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: implemen...