Northwell Health, Pamplona Capital Management Launch Management Services Organization for Physician Practices
Formativ enables physicians to leverage a network of the nation's most accomplished physician management, patient access and revenue cycle experts to customize - and continually optimize - unique solutions that drive results specific to their business and operational goals. Through end-to-end revenue cycle management, practice management, advisory services and its suite of technology products that integrate with any existing platforms, Formativ is designed to enhance revenue and operating margins, grow service volume and decrease referral leakage, and improve physician satisfaction.
Formativ's patient access services improve the patient, physician and office staff experience with a single branded contact point for physician groups while also enabling care coordination and disease management activities for patients in risk-based payment programs. The company's offerings increase percentage of collections while lowering time and cost to collect. The business' advisory services are focused on network development, payor contract design and physician alignment.
"We want physicians to focus on what matters most - providing the best patient care," said
"Formativ is a best-in-class organization that
Formativ has a commercial and operational relationship with Pamplona-owned nThrive, the leader in Patient-to-PaymentSM revenue cycle management, for the delivery of services to employed physician groups and independent physicians.
Formativ is the latest addition to Pamplona's growing portfolio of health care offerings. "Formativ's comprehensive offerings meet the increasingly complex needs of ambulatory physicians, and the partnership of private equity and health system creates a unique business with a provider heritage and an independent commercial focus," said Pamplona Partner
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