The physician groups will own 51% of the organization, while Summa will own 49%. The initial focus of the new venture will be to share billing services with the two medical groups and Summa Physicians Inc., one of the health system's physician groups. The new venture will offer software, billing and collection services to more than 300 physicians in the network.
“Summa is built on the belief that great patient care is centered on strong relationships with our physicians,” said Tom Strauss, Summa Health System president and CEO, in a news release.
“By working closely with them, both employed and independent, we are able to provide an infrastructure that ultimately helps move us away from our nation's current sick-care system to one that is truly focused on health care,” Mr. Strauss said. “The PCCN is critical to that movement because it will provide important operational efficiencies that lead to greater value for our patients.”