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.
ARMAC has provided consulting 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 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 and by centralizing 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 of health services 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.
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
Julia Davis, 914/332-6688 ext. 315
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|Date:||Nov 2, 1995|
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