BROOMFIELD, Colo.--(BUSINESS WIRE)--Health Inventures, a surgical services and practice management company that creates high performing physician-hospital partnerships, announced today that it has expanded into two related services:
- Physician practice management
- Perioperative and anesthesia services
It has also expanded the market for its human resource and employment service line to non-Health Inventures surgery centers, physician practices, and other health care services.
The company will maintain its focus on the delivery of strong financial performance in ambulatory surgery center (ASC) planning, development, management and equity investment.
“Alegent Health has greatly valued and appreciated our partnership with Health Inventures over several years through several ambulatory and inpatient projects,” said Richard A. Hachten II, President and Chief Executive Officer of Alegent Health in Omaha, Neb. “Health Inventures brings extensive knowledge, expertise, experience and, very notably, high integrity to our relationship. We look forward to growing our relationship with HI in the future.”
Since its inception in 1995, Health Inventures has helped improve operations, physician relationships, clinical outcomes, and financial performance of dozens of surgery service providers. Centers managed by HI for at least three years deliver earnings before interest, taxes, depreciation and amortization (EBITDA) that is twice the national average. They also consistently average a return on investment well in excess of partner expectations and a 90 percent clinical staff retention rate.
“We are expanding our services to support the shift to accountable-care across a broader range of surgical services,” said Dr. Charles Peck, President and Chief Executive Officer of Health Inventures. “Our unique expertise in building long-term, effective physician-hospital collaboration is ideally suited to meet the demands of today’s marketplace and prepare for tomorrow’s advanced care delivery models.”
The company’s expanded services now cover the following key areas:
Physician Practice Management. Services range from planning and group formation to medical group performance improvement and long-term medical group management. The results are simple: improved physician-hospital enterprise value. “We focus on creating long-term partnerships where solutions can be developed, implemented and sustained for the long haul,” Peck said. “To deliver this, we’ve created a three-part delivery model that includes consulting services, contract management and long-term comprehensive practice management services.”
Preoperative and Anesthesia Services. Health Inventures provides a road map for improvement through expert qualitative and quantitative analysis against operational best practices and benchmarks. This roadmap can include operational improvements, physician partnership opportunities, and surgical program/service line growth opportunities. Services include hospital outpatient department (HOPD) ASC development, operations implementation, and management, perioperative clinical and operational improvement, interim surgery leadership solutions, surgical program growth solutions and anesthesia program analysis and improvement.
Human Resources Employment Services. Health Inventures offers a complete range of integrated services – employment, administrative, consultative and turnkey – to help manage HR costs, enhance HR services and improve work force satisfaction. The services help providers tackle increasingly complex challenges, including benefits, workers compensation and unemployment claims, payroll and payroll tax compliance, employee relations and risk management.
“Health Inventures has provided guidance to our board, physician investors and management staff that has resulted in outstanding financial rewards, a high level of patient and physician satisfaction and synergy among employees,” said Dr. Steven Robinson, Board President of Riverside Outpatient Surgery Center in Columbus, Ohio. “I am excited Health Inventures is extending its expertise into additional areas where they can deliver the same kind of excellent results for hospitals, physicians and patients.”
The company also announced its website re-launch, which was designed with all stakeholders in mind, including hospital executives, physicians, practice administrators, investors, the media, and the industry in general. Visitors seeking to find the best in surgical and physician services can now quickly locate information and support materials, as well as stay up-to-date with latest industry news and upcoming events.
About Health Inventures
Health Inventures is a surgical services and practice management company creating high performing physician-hospital partnerships for improved financial and clinical outcomes. Founded in 1995, the company has guided hundreds of clients through the complexities of launching and operating surgery centers and facilities, improving teamwork and workflows, controlling costs and increasing efficiencies, and achieving well-defined clinical and revenue-focused goals through a variety of interconnected solutions, such as ASC development and operations, hospital perioperative and anesthesia performance improvement, and human resources advisory and employment services. The company is privately held and located near Boulder, Colo. For more information, visit the newly designed http://www.healthinventures.com.