Apollo Medical Holdings has established a 150-doctor independent physician association in the Los Angeles area.
Glendale, Calif.-based Apollo also operates a hospitalist group and an accountable care organization participating in the CMS shared-savings program.
The new IPA, called Maverick Medical Group, is offering physicians equity ownership without an upfront buy-in requirement and, according to a news release, will provide members access to transportation services for senior patients, multilingual customer service representation, urgent-care centers, and other services and facilities.
Apollo Medical recently reported $7.8 million in revenue for its fiscal year ended Jan. 31, 2013. This was up 52.2% from the $5.1 million reported last year. It also reported a $1.46 million profit, up 49.2% from the $978,000 reported last year.
Follow Andis Robeznieks on Twitter: @MHARobeznieks
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