Reference no: EM133877910

Problem

The process of establishing Newco Cardiology as a professional business entity required numerous operational and contractual changes. New contracts with third party payers for all payer segments, commercial and governmental, needed to be established and former contracts terminated such that services could be provided without a gap in patient health benefit coverage. A communication plan to stakeholders, patients, and referring physicians needed to be developed. Revenue cycle work flow and processes required modifications. All staff required extensive training prior to the go live date to ensure a smooth transition. Information systems played a key role in facilitating data sharing that would enable seamless data exchange transparent to patients and staff. Newco staff was comprised of personnel that originated with one or the other partner organizations, resulting in a new cultural mix and new policies and procedures, some similar and some very different from those followed by staff in their previous business environment. It took 24 months of operations for Newco Cardiology to establish its own identity and gain recognition as a new organization. Get the instant assignment help. What legal entity will contract with the payers for professional services be established under?