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Date: May 20, 2009
Contact: Stacey McCray
704-552-6565 or stacey.mccray@lgapr.com
EthosPartners and TransforMED Form Strategic Partnership
Alliance to Strengthen Primary Care Practices through Greater Efficiency and Increased Revenue
Suwanee, Ga. – EthosPartners, a nationwide leader in healthcare management and consulting, and TransforMED, a wholly-owned, subsidiary of the American Academy of Family Physicians (AAFP), announced today the companies have signed a strategic partnership agreement to provide a customized analytics tool to improve the operational and financial performance of primary care practices.
Through this partnership, physicians and practice managers within TransforMED’s client base will have the opportunity to use Ethos’ VitalStats analytics tool to integrate and track key performance data in a variety of areas, including revenue cycle management, physician productivity and existing and maintained patient coding.
“Given the increasing challenges of effectively operating physician practices, we are pleased that TransforMED selected our VitalStats solution. It is an easy-to-use tool that – within minutes – can help guide physician decisions to improve their practices’ operations and, in many cases, recover missing dollars that they should be collecting,” said Alex Hunter, president of EthosPartners, which is based in Suwanee, Ga. “We look forward to the partnership and to supporting TransforMED’s efforts to work with primary care practices across the country on redesign and revitalization.”
VitalStats is one of a suite of solutions developed by Ethos that focuses on the company’s mission of “re-discovering the joy of delivering healthcare.” Many leading organizations use VitalStats’ data mining and decision-support tool to boost efficiency, increase profitability and guide informed business decisions.
“We realized that by partnering with Ethos, which has an established record of improving the bottom line for healthcare providers, we could strengthen the overall productivity of our clients and help them focus on a patient-centered model of care, which is central to our mission,” said Terry McGeeney, M.D., president and CEO of TransforMED.
About EthosPartners
Based in Suwanee, Ga., EthosPartners Healthcare Management Group (EthosPartners) is comprised of seasoned professionals who work with a variety of hospitals, health systems and physician
organizations to provide advice and direction related to their specific strategic, operational and financial challenges. EthosPartners provides expert services in five areas of healthcare,
including practice management, revenue cycle management, consulting solutions, data mining and decision support and ambulatory surgery center design and management. For more information,
go to www.ethospartnershc.com or contact James Jones, Vice President of Sales and Marketing, at 770-814-4480.
About TransforMED
Headquartered in Leawood, Kan., TransforMED is a wholly-owned subsidiary of the American Academy of Family Physicians (AAFP). Established in 2008, TransforMED provides ongoing consultation
and support to physicians looking to transform their practices to a new model of care that is based on the concept of a patient-centered medical home. TransforMED shares and supports
the idealism and altruism of primary care physicians and the strong commitment to their communities and patients through continuing patient relationships and independent decision making.
TransforMED offers practices both products and services, including consultation and advice on implementing the new model. To learn more about TransforMED, visit www.transformed.com or
call 1-866-826-8700.