UnitedHealth’s Optum is acquiring MedSynergies, provider of physician practice management, revenue management, physician referral management and other business services to physician groups aligned with large health systems.
MedSynergies will provide Optum with its physician practice management capabilities that complement and advance the company’s focus on helping care providers improve patient care and outcomes, and reduce health care costs. In addition, MedSynergies’ revenue cycle management capabilities for physician practices will build upon Optum’s revenue management solutions for large hospitals and health systems. The combination will enable care providers across the care spectrum to improve financial performance, deliver better patient experiences and grow their practices.
“MedSynergies’ capabilities fill out our revenue management offerings and enable us to now serve care providers across their care continuum from ambulatory and outpatient through inpatient and critical care services,” said Larry Renfro, CEO of Optum.
MedSynergies serves more than 9,300 care providers across the U.S.Using Optum’s existing relationships and expertise, MedSynergies will enhance its services for large health systems across the country by providing more customized solutions that help their physician practices manage patient panels and perform targeted patient outreach. Additionally, Optum’s industry-leading analytic capabilities can help physicians better understand their patients through precise metrics, allowing them to focus care to affect positive patient outcomes.
Financial terms of the transaction were not disclosed. The transaction is subject to regulatory approval and other customary closing conditions.