Health2047 Inc., a Silicon Valley-based business formation subsidiary of the American Medical Association, has spun out a company called Emergence Healthcare Group, which offers independent physician practices a turnkey solution.
Emergence said its solution offers complete day-to-day administrative management, including practice management systems/EHR; billing, collections and revenue cycle; marketing, advertising and growth; reporting and analytics; and customer service.
Increasingly, physicians find themselves juggling non-clinical demands with 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, down from 60 percent in 2012, the company said.
“Since the onset of COVID-19, independent practices across the country have been increasingly under threat of closure and time-strapped physicians are crumbling under administrative loads,” said Jae Chun, M.B.A., M.H.A., founder and CEO of Emergence Healthcare Group, in a statement. “It’s critical that independent practices are able to benefit from new solutions to improve both practice profitability and professional satisfaction.” Chun previously served as vice president of strategy and ambulatory operations at Dignity Health. He also held positions at Kaiser Permanente, the Chartis Group, and the Washington Hospital Healthcare System.
Other companies to spin out of Health2047 include:
• Phenomix Sciences, a chronic disease prevention company whose scalable blood-based testing solution enables personalized treatment for obesity by identifying four distinct obesity phenotypes (2021)
• Medcurio, an instant data access solution that simplifies insight extraction and allows healthcare organizations to harness the full value of their data quickly and efficiently while protecting patient data privacy. (2020)
• Zing Health, a tech-enabled Medicare Advantage plan that helps doctors and communities coordinate improved and individualized care for chronically underserved populations. (2019)
• First Mile Care, a preventive chronic care company building an affordable, scalable and sustainable platform to reverse prediabetes. (2018)
• Akiri, a secure, private “network-as-a-service” that enables the sharing and use of trusted health data in real time. (2017)
