Click here to close now.




















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
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Public Cloud IaaS started its life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in adop...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with ...
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. The DevOps approach is a way to increase business agility through collaboration, communication, and integration across different teams in the IT organization. In his session at DevOps Summit, Chris Van Tuin, Chief Technologist for the Western US at Red Hat, will discuss: The acceleration of application delivery for the business with DevOps
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, S...