What You Should Know:
– Health2047, the innovation arm of the American Medical Association, today announced the spinout of a new company, Emergence Healthcare Group, that offers the first turnkey practice solution designed to enable greater physician autonomy by relieving them of administrative burdens and financial pressures intrinsic to today’s private practice.
– Emergence Healthcare Group provides physicians more time to focus on the health and well-being of their patients, with the peace of mind knowing that someone is focusing on the health and well-being of their practice.
– Administrative responsibilities have climbed to more than 20% of a physician’s time and more than 50% of revenue. As a result, physicians find themselves struggling to juggle non-clinical demands with their primary responsibility– seeing patients. As time and financial pressures mount for each individual practice, less than half of all physicians in the U.S. are choosing private practice (from 60% in 2012).
– With Emergence’s turnkey practice solution, owning a practice no longer means having to run one. Emergence provides a platform for physicians to launch and manage new practices, as well as manage existing practices: from finding, designing, and maintaining clinic space to hiring, training, and managing non-clinical professionals. Complete day-to-day administrative management includes practice management systems/EHR; billing, collections and revenue cycle; marketing, advertising and growth; reporting and analytics; and customer service.