NEW HYDE PARK, N.Y., Jan. 6, 2017 /PRNewswire-USNewswire/ -- Northwell Health, New York State's largest health care provider, and Pamplona Capital Management, a private equity firm, today announced the creation of a new business, Formativ Health, which will offer comprehensive management services to assist physician practices. Formativ's offerings include tailored revenue cycle management solutions, patient access services, physician practice management and advisory services. The business allows health system employed physician groups and independent physicians to improve their financial health, adapt to changing risk-based payment models, increase physician productivity and satisfaction, and positively augment patient experiences.

Formativ enables physicians to leverage a network of the nation's most accomplished physician management, patient access and revenue cycle experts to customize – and continually optimize – unique solutions that drive results specific to their business and operational goals. Through end-to-end revenue cycle management, practice management, advisory services and its suite of technology products that integrate with any existing platforms, Formativ is designed to enhance revenue and operating margins, grow service volume and decrease referral leakage, and improve physician satisfaction.

Formativ's patient access services improve the patient, physician and office staff experience with a single branded contact point for physician groups while also enabling care coordination and disease management activities for patients in risk-based payment programs. The company's offerings increase percentage of collections while lowering time and cost to collect. The business' advisory services are focused on network development, payor contract design and physician alignment.
"We want physicians to focus on what matters most – providing the best patient care," said Dennis Dowling, Formativ CEO. "Formativ does this by relieving administrative burdens, improving the physician experience and ultimately increasing patient engagement."

"Formativ is a best-in-class organization that Northwell Health helped create based on its quarter-century of experience in growing its employed physician group and delivering care to hundreds of thousands of patients annually," said Michael Dowling, president and CEO of Northwell Health. "Formativ will meet the needs and expectations of physicians by combining their thoughtful approach to patient care with high-quality services and agnostic technology that have produced proven results."

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