When many physicians saw selling their
practices as the best way to preserve them,
Patrick Hampson saw an opportunity to
use technology and his industry expertise
to give them another option.
Founded in 1987 by Hampson, now its
chairman and CEO, MED3000 Inc. provides
services to 7,000 physicians in nine states,
managing more than 1,000 employees.
Hampson’s experience in listening to and
working with physicians and his strong
relationships with leading information
technology providers have enabled
MED3000 to grow into the largest privately held company of its kind in the U.S.
MED3000 offers physician practices management expertise but allows the physicians to retain ownership, leaving the medical aspect to the doctors while MED3000
handles the business and technology side.
Rather than purchase medical practices,
MED3000 focuses on improvement of their
operations through physician leadership,
use of data, and understanding of the hospital and health system perspective. By providing full practice management support in
the areas of billing and revenue-cycle management, human resources, finances, and
administration, MED3000 helps physicians
to improve clinical outcomes and financial
performance.
Hampson’s approach to management differs from what most health care consultants offer physician practices; he has insisted on hiring operators with hands-on experience in managing practices rather than
practice management or IT consultants.
Dedicated to continuous improvement
in the health care management field,
Hampson formed the MED3000 National
Data Task Force in 2006, a multidiscipli-nary group of leaders from all aspects of
the health care industry. The group is
designed to identify strategies, processes
and technologies for improving the quality
and cost-effectiveness of health care.
HOW TO REACH: MED3000 Inc., www.med3000.com
