Healthcare Innovation November 5, 2024
The physician services firm’s leaders expect to wrap up the sales of most of the company’s office-based practices by the end of the year.
The skies are clearing for Pediatrix Medical Group Inc.
The Fort Lauderdale-based physician services company that used to be called Mednax recently completed the migration of its revenue cycle management operations to a hybrid system that uses both in-house staffers and consultants from Guidehouse—and looks set to cost less than forecast. Sales of most of the company’s office-based practices are on track to be completed by year’s end, leaving CEO Jim Swift and his team focused on hospital-based business and maternal fetal office practices. And third-quarter adjusted EBITDA jumped about 20 percent even though revenues only...
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