Giving a patient medications in the ER, having them pop positive on a test, and then withholding further medications because…
McKesson to Acquire MED3OOO
McKesson announced this morning that it will acquire MED3OOO, which offers physician practice administration services, revenue cycle management, and software. The Pittsburgh-based company employs 2,800, has 10,000 physician users, and has stated annual revenue of $200 million.
McKesson will incorporate MED3OOO’s products and services into its McKesson Revenue Management Solutions business. The announcement quotes its general manager, SVP Pat Leonard, as saying, “McKesson and MED3OOO share a commitment to help customers navigate growing healthcare complexity and achieve their full potential. We are excited about the opportunity to combine best practices and superior technologies to help providers and other customers improve their operations and achieve better business health as part of our Better Health 2020 strategy.”
We mentioned the acquisition several times over the past few weeks in HIStalk, although without specifically naming MED3OOO since McKesson is a publicly traded company. Our November 2011 interview with MED3OOO Chairman and CEO Pat Hampson provides more detailed information about the company.
I may be overthinking things, but can someone educate me on how all of these recent “buy versus build” moves are going to make Paragon any different from Horizon in the long run?
it doesn’t. it is about increasing revenue and then managing the operating margins to return profit, that makes share prices rise, people keep their jobs and get raises!
There really are some narrow-minded people who think the whole world revolves around the EMR. The EMR is a spoke, not a hub. Revenue management has nothing to do with Paragon or any other specific EMR. It happens even in a paper world too.