Sentara, MedSynergies Form Altea Health to Manage Practicing Physicians’ Books
– June 27, 2014 10:30 am
WOODBRIDGE, Va. -- Physicians practicing at Sentara Northern Virginia Medical Center have formed a new company that will help physicians keep their financial records straight.
Sentara, a non-profit healthcare organization that operates Sentara Northern Virginia Hospital and medical facilities in Lake Ridge and Lorton, has founded a joint venture with Texas-based MedSynergies that will allow doctors to use new financial tools to reach and track their patients.
A Sentara spokeswoman says this move will allow doctors more time to focus on their patients and less time on billing.
Here’s more in a press release:
MedSynergies Inc. and non-profit health system Sentara Healthcare announced today that MedSynergies will deliver physician management and business services as part of the companies’ joint-venture management services organization (MSO), Aleta Health. Through Aleta Health, MedSynergies will help physicians manage their practices so they can focus on delivering quality health care to their patients.
“Physicians today should be able to concentrate on keeping their patients well rather than having to dedicate valuable appointment time to day-to-day business functions,” said Stephen Porter, corporate vice president, Northern Virginia, Sentara Healthcare. “Working with MedSynergies allows us to collaborate with physicians’ practices to expand our collective community health initiatives while delivering on our mission of exceptional patient care.”
Physicians affiliated with Aleta Health will have access to the MedSynergies MSIGHT solutions suite, which optimizes operations and provides meaningful information and analytics to help healthcare providers make more informed decisions. Physicians will use MSIGHT for patient outreach, referral and scheduling, revenue cycle management, human resources, as well as reporting and analytics.
By standardizing many of these functions and using best practices, Aleta Health physicians will improve productivity and efficiency, lower costs and have more time to dedicate to a comprehensive care model for patients. Once the phased implementation is complete, MedSynergies will provide these services to approximately 250 physicians in Northern Virginia.
“This MSO model gives physicians access to a wealth of valuable services while still allowing their practices to remain financially independent,” said James Dye, chief development officer, MedSynergies. “This agreement expands the MedSynergies footprint into Virginia and allows our teams to combine experience with a proven solution to improve practice operations while driving revenue growth.”
As a national leader in developing and operating physician management services organization, MedSynergies processes nearly 12 million patient visits each year and handles more than $1 billion in billing and collections for its 8,000-plus providers nationwide.
Aleta will serve physicians that practice under Sentara’s roof, as well as independent doctors.