|By Business Wire||
|August 29, 2013 05:01 PM EDT||
MedSynergies Inc., a national leader in developing and operating physician-management services organizations, announces the appointment of two new members to its board of directors from Catholic Health Initiatives (CHI), J. Dean Swindle, executive vice president and chief financial officer, and T. Clifford Deveny, M.D., senior vice president, physician services and clinical integration.
These appointments are made in conjunction with the recent joint-venture agreement between MedSynergies and CHI to create a national physician services organization, CHI Physician Services, to serve CHI’s more than 2,900 providers. As part of the agreement, CHI invested $65 million to purchase a minority stake in MedSynergies. MedSynergies will use the investment to fund future growth and accelerate the development of CHI Physician Services, which will centralize physician services functions across CHI’s eight divisions.
“The addition of Dean and Dr. Deveny to MedSynergies’ board of directors is a huge asset to the company and our clients,” said J.R. Thomas, chief executive officer of MedSynergies. “We are fortunate to have a board with diverse and strong backgrounds in the areas of finance, information technology, and physician and hospital operations. Dean and Cliff have a passion for improving the way health care is delivered and add valuable insights on the priorities and challenges facing major health systems, patients and local communities. This view is essential in shaping how we deliver our services today and build new solutions for the future.”
The new appointments of two CHI executives to the MedSynergies board of directors will continue to strengthen MedSynergies’ MSIGHT™ Solutions Suite, which facilitates the strategic alignment of hospitals and physicians while also delivering enhanced ambulatory data.
MedSynergies has more than 16 years of experience working with major health systems and physicians to align their operations, increase patient market share and achieve positive financial results. Processing nearly 12 million patient visits a year, MedSynergies handles more than $1 billion in billing and collections for its more than 8,000 providers nationwide.
About T. Clifford Deveny, M.D.
Dr. Deveny is a longtime physician executive and provides leadership and counsel in CHI’s efforts to expand its employee enterprise. An experienced physician, he is board certified in obstetrics and gynecology and has a proven track record of dealing with large, complex medical groups. Dr. Deveny received his medical degree from the University of Toledo Medical School, Toledo, Ohio, and his bachelor’s degree in chemistry from Denison University in Granville, Ohio. He is a member of several professional organizations, including the American College of Obstetricians and Gynecologists.
About J. Dean Swindle
Swindle is responsible for financial strategy and planning and corporate business services at CHI, including corporate business services, revenue cycle, supply chain, enterprise support centers and treasury services. He received a master’s degree in business administration from Duke University’s Fuqua School of Business in Durham, NC, and a bachelor’s degree in business administration from Millsaps College in Jackson, MS. He is a member of the Healthcare Financial Management Association and the American Institute of Certified Public Accountants.
About Catholic Health Initiatives
Catholic Health Initiatives is a national nonprofit health system with headquarters in Englewood, CO. The faith-based system operates in 19 states and includes 81 hospitals; 40 long-term care, assisted- and residential-living facilities; two community health-services organizations; two accredited nursing colleges; and home health agencies. In fiscal year 2012, CHI provided more than $715 million in charity care and community benefit, including services for the poor, free clinics, education and research. With total annual revenues of more than $10.7 billion and approximately 86,000 employees, CHI ranks as the nation’s second-largest faith-based health system.
About MedSynergies Inc.
MedSynergies partners with health care organizations and physicians to coordinate care by providing a complete alignment strategy based on its MSIGHT Solutions Suite. Leveraging its knowledge and experience in physician practice operations and health system consulting, MedSynergies improves processes, optimizes technology and builds on trusted patient relationships, enabling hospitals and physician practices to offer quality health care. Founded in 1996, MedSynergies is privately held and headquartered in Irving, Texas. MedSynergies currently partners with hospitals and health networks and serves more than 8,000 providers across the United States. For more information, please visit www.medsynergies.com.