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Tenet Announces Joint Venture with MED3OOO – Focus on Electronic Medical Records and Business Intelligence

Posted May 29 2009 10:46pm

If you work with a Tenet Hospital, it looks like some possible changes and upgrades could be on the horizon.  Many of the ones I am familiar with have image used systems from McKesson, but that’s only a few that I am acquainted with locally.

With the joint venture it appears there may be a handful of options with bringing in the technology of MED3000, which offers an EMR, data warehousing and business intelligence software.   Some facilities also work with Perot Systems for some of their data support as well. 

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From the Website:

“MED3OOO is national healthcare management and technology company devoted to making health care a better place for physicians to practice and patient to receive care. At MED3OOO, we provide solutions to physician groups, provider networks, and EMS ambulance organizations to allow them to reach their highest levels of operational, financial and clinical outcomes.

MED3OOO empowers physicians, hospital, and health system clients to improve outcomes and results through our advanced knowledge, operations and technology resources.

MED3OOO is focused on performance.  Our systems, services and people are dedicated to increasing revenue, growing medical practices, and ensuring the highest level of cost efficiency.  MED3OOO allows physicians and managers to focus on management, growth, and medicine, while we handle billing and information systems headaches.  Our success in improving practice performance has been achieved through the unique combination of practice management and information technology resource experts working together for the benefit of our clients.

At MED3OOO, we bridge the gap between operational knowledge and technology to help group practices, provider networks and emergency medical services advance. We are focused on the provision of Evidence-Based Management and Evidence-Based Medicine to produce and document improved outcomes to better manage costs and care.”

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As with every other healthcare vendor, there’s a Stimulus page if you need help in that area.  With the constant changing of both marketing and strategic partners, it may not always be clear on the exact services being offered, but it appears that Allscripts and InteGreat are two solid partners in the group and the mission statement is here.  

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  In related Tenet news, Tenet Healthcare Corp. (THC) began a tender offer to purchase as much as $1 billion of senior notes that mature in 2014, part of its efforts to improve its financial flexibility.

As mentioned, MED3000 is a subsidiary of Tenet, so logic would tell me that there could be a large amount of support from Tenet in this direction which could lead to additional cost and care Health IT initiatives coming to a Tenet facility near you soon.  BD 

Tenet Healthcare Corporation ( NYSE: THC) today announced the creation of MED3OOO Practice Resources, LLC, a joint venture between MED3OOO, Inc. and a subsidiary of Tenet, which is a 20 percent minority owner. Founded in 1995, MED3OOO, Inc. is a national leader in providing advanced healthcare management and technology to physicians and physician networks. 

The new joint venture will initially focus on providing services to physician practices in the 12 states where Tenet operates, including the majority of employed physicians at Tenet hospitals. MED3OOO Practice Resources will provide health information technology (including practice management systems, electronic health records and personal health records) and management services (including revenue cycle management, group purchasing and comprehensive practice and data management).

Tenet Announces Joint Venture with MED3OOO, Inc.

Related Reading:

Tenet Squeezes a Profit -Admissions Are Down

How Hospitals Go To War – Tenet and HCA – It’s a Hedge War with Insurers

Tenet Healthcare Posts 33 Million 4th Quarter Loss – Charge on Sale of USC Hospitals

Tenet Takes A Hit – Even After selling several hospitals this year
Tenet subsidiary announces closing of Irvine Regional Hospital – Orange County, CA
Tenet Completes Sale of Tarzana Hospital to Providence Health & Services - California
Tenet not renewing lease for Community Hospital – Los Gatos
Providence Health to buy Tarzana Regional Medical Center from Tenet – Prime Healthcare buys the Encino branch
Tenet Sells North Ridge Medical Center for $20M - Florida
Prime Healthcare to acquire three hospitals from Tenet Healthcare - California
Kaiser Permanente members targeted in hospital billing dispute
Tenet Healthcare to sell USC University Hospital
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