December 19, 2014 8:41 PM ET

Health Care Technology

Company Overview of MedSynergies, Inc.

Company Overview

MedSynergies, Inc. provides revenue cycle management and physician practice management, consulting, business process analysis, and software integration solutions for health care organizations, physicians, hospitals, and health networks in the United States. Its solutions include MSIGHT that helps healthcare providers to manage physician practices; assesses the operational, relational, and financial health of the organizations; and engages physicians, connects patients, optimizes operations, and provides information and analytics to make informed decisions. The company was founded in 1996 and is headquartered in Irving, Texas.

909 Hidden Ridge

Two MacArthur Ridge

Suite 300

Irving, TX 75038

United States

Founded in 1996

Phone:

972-791-1224

Fax:

972-819-0020

Key Executives for MedSynergies, Inc.

Chief Executive Officer and Director
Age: 49
Chief Financial Officer
Chief Operating Officer
President of Florida Region
Compensation as of Fiscal Year 2014.

MedSynergies, Inc. Key Developments

MedSynergies and Sentara Healthcare Create Aleta Health Management Services Organization

MedSynergies Inc. and Sentara Healthcare announced 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 affiliated with Aleta Health will have access to the MedSynergies MSIGHT(TM) solutions suite, which optimizes operations and provides meaningful information and analytics to help health care 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.

MedSynergies Launches Physician Performance Excellence Tool

To help physician practices identify opportunities and outline steps to transform for a new era of health care, MedSynergies, Inc. has launched MSIGHT Design, a solution that helps physician practices transform their operational, relational and financial health. MSIGHT Design begins with an assessment process that provides a comprehensive analysis of people, processes and technology in a physician organization using a proven, proprietary model to determine its current state. The result is a customized plan with steps to transform the organization's operational, relational and financial health. The plan allows physician organization leaders to determine their desired level and speed of growth. The solution includes consulting services to help them throughout this process. MSIGHT Design is part of the MSIGHT(TM) solutions suite, which engages the physician, connects the patient, optimizes operations and provides meaningful information and analytics to help healthcare providers make more informed decisions. The solution helps health care organizations understand physician alignment components, translating practice-level metrics into meaningful, actionable intelligence. MSIGHT's flexible structure allows practices and healthcare organizations to integrate with existing technologies while eliminating the need for multiple vendors to achieve the same level of success.

MedSynergies Inc. Establishes Kentucky Service Center

MedSynergies Inc. and KentuckyOne Health announced MedSynergies is establishing a physician billing service center in Louisville to serve physicians at KentuckyOne Health. In establishing the service center, 150 KentuckyOne Health employees will transition to MedSynergies beginning this summer. These employees currently reside in a service center dedicated to KentuckyOne Health physician services. As part of this transition, the employees will move to a new MedSynergies facility located at 401 South Fourth St., Louisville, KY 40202. In addition to the service center employees, the new facility will house more than 30 employees dedicated to CHIPS. MedSynergies will occupy floors 16 and 17 of the 26-story downtown office. The company expects to open the service center in mid-July following the design and development of the office space.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 30, 2014
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