Advanced Health Corporation acquires ARMAC Corporation to provide physician practice and network management services in the Mid-Atlantic; Regional physicians to benefit through improved clinical information management and managed care contracting expertise.
PHILADELPHIA--(BUSINESS WIRE)--Nov. 2, 1995--Advanced Health Corp. (AHC AHC Appalachian Hardwood Center
AHC American Heritage Center (University of Wyoming, Laramie, WY)
AHC American Horse Council
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AHC Australian Heritage Commission
AHC Assault Helicopter Company ) today announced that it has acquired American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Risk Management & Consulting (ARMAC ARMAC Akita Rescue Mid Atlantic Coast ) Corp. to enhance its ability to offer physician practice and network management services in the Mid-Atlantic region.
ARMAC has provided consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
service - work done by one person or group that benefits another; "budget separately for goods and services" to physician groups, independent practice associations (IPAs), and medical societies in and around Philadelphia. ARMAC has now become the Philadelphia office of AHC's subsidiary, Advanced Clinical Networks Corp.
By acquiring ARMAC, AHC establishes a presence in the Mid-Atlantic region, where its Advanced Clinical Networks Corp. subsidiary will now offer physician practice and network management services, including state-of-the-art clinical information systems developed by AHC's other subsidiary, Med-E-Systems Corp. The acquisition will enable the company to offer ARMAC's existing physician clients improved clinical information management, additional managed care contracting expertise, and practice and network management services.
"As a part of Advanced Clinical Networks, we will be able to offer physicians in the mid-Atlantic region enhanced managerial expertise, extensive experience in physician network development and contracting, and comprehensive information systems capabilities," said David E. Edman, former president of ARMAC and now a Senior Vice President of Advanced Clinical Networks Corp.
"As the influence of managed care continues to grow in the region, pressure will increase on individual physician practices to find innovative ways to manage both the costs and quality of care they provide. Advanced Clinical Networks will play a significant role in helping practices determine how they can adapt to the changing marketplace."
"Our acquisition of ARMAC will enable ACN ACN Accenture (stock symbol)
ACN Australian Company Number
ACN Automatic Collision Notification (US DOT)
ACN Anglican Communion Network to combine significant local market expertise with a broad array of experience in practice and network management and information technology," said Richard W. Kaplan, president of Advanced Clinical Networks Corp. "The combined strengths of the two organizations will significantly benefit physicians in the Mid-Atlantic region."
ACN's Network and Practice Management Services
ACN's network management services make member practices more competitive by providing information technology to support clinical decision-making decision-making,
n the process of coming to a conclusion or making a judgment.
n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from and by centralizing cen·tral·ize
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es
1. To draw into or toward a center; consolidate.
2. and streamlining many administrative functions. ACN provides network physicians under management its proprietary clinical information management systems, which improve the sharing of clinical information among network providers and the collection of detailed outcomes and utilization information. Using ACN's information systems, networks have access to information that can improve the quality of care they provide, as well as inform them about the relative cost-effectiveness cost-effectiveness
pertaining to cost-effective.
a comparison of the relative cost-efficiencies of two or more ways of performing a task or achieving an objective. of health services health services Managed care The benefits covered under a health contract rendered.
Based on the improved quality and cost of care delivery, ACN helps each network market its services and negotiate profitable contracts with managed care and other health care payors. Members of ACN provider networks benefit from economies of scale and greater contract negotiating strength.
ACN also offers practice management services, including administrative support, billing, collections, marketing, and consulting services, to improve the profitability of individual physician practices, whether or not they are part of larger integrated networks A network that supports both data and voice and/or different networking protocols. See converged network and new public network. .
Advanced Health Corporation
Privately-held Advanced Health Corporation, based in Tarrytown, N.Y., is a health care management company which enables physicians to advance the quality, cost-effectiveness, and accessibility of health care. AHC provides physician network and practice management services to over 1,000 physicians through its Advanced Clinical Networks Corporation subsidiary and delivers physician-centered information systems nationwide through its Med-E-Systems Corporation subsidiary.
CONTACT: Advanced Health Corporation
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