Healthcare Innovation April 1, 2024
Arches Medical Partners has developed software to enable independent practice associations to negotiate and manage global risk contracts
A Boston-based medical group management company formed in 2023 has acquired the primary care practices in Rhode Island previously owned by VillageMD.
Arches Medical Partners now employs 50 primary care physicians and operates eight office locations and three urgent care centers in Rhode Island.
The company deploys its wholly-owned technology subsidiary, New Era Medical Operations (NEMO) software, to enable independent practice associations (IPAs) to negotiate and manage global risk contracts. The company said that NEMO also serves to ‘demystify’ risk for participating physicians, physician assistants, and nurse practitioners.
“We all know how broken the system is. Arches Medical is...
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