Published on November 28, 2011
Adventist Medical Group Launches Joint Venture with The GW Medical Faculty Associates
Rockville, Md. – Adventist HealthCare, Montgomery
County’s first and largest health system, and The GW Medical Faculty Associates
(MFA), the largest independent physician group in metropolitan Washington,
announced a joint venture today that will further their missions of improving
the health of the communities they serve.
The new venture, which combines the
strengths of the MFA and Adventist Medical Group, enables the organizations to
more effectively and efficiently grow the number of Adventist’s employed
physicians.
“Adventist HealthCare’s five-year
strategic plan focuses on physician integration and
population-based health care,” said Gaurov Dayal, M.D. senior vice president
& chief medical officer. “This collaboration with an experienced
organization like MFA accelerates our ability to fulfill this plan.”
“Federal mandates for implementation
of electronic patient health records, along with healthcare reform, are
prompting consolidation in the health industry,” said MFA CEO Stephen L.
Badger. “This joint venture strengthens both organizations financially and
geographically and prepares us to deliver better quality healthcare to the
rapidly growing population around the D.C. area.”
The MFA will be primarily responsible for the
business functions and contracting with physicians for the joint venture. Under
this agreement, all current and future Adventist Medical Group physicians and
their staff will be employees of the new venture.
Adventist
HealthCare, an integrated healthcare delivery organization
based in Rockville, Maryland, cares for close to 450,000 patients annually. The
mission of Adventist HealthCare is to demonstrate God's care by improving the
health of people and communities through a ministry of physical, mental and spiritual
healing. Adventist HealthCare includes Shady Grove Adventist Hospital,
Washington Adventist Hospital, Adventist Behavioral Health, Adventist
Rehabilitation Hospital of Maryland, Hackettstown Regional Medical Center in
New Jersey, Adventist Home Care Services, Adventist Medical Group and the
Reginald S. Lourie Center for Infants and Young Children.
The GW Medical
Faculty Associates is largest,
independent physician group in metropolitan Washington. It is comprised of 700
physicians who deliver care through 48 [added peds through AMG] medical and
surgical specialties, which are supported by academic medicine and clinical
research. The MFA maintains offices in Annapolis,
Bethesda, Rockville,
Downtown DC,
the West End, Upper Northwest Washington, Reston and Mount Vernon. MFA doctors maintain
privileges at GW, Howard, Mount Vernon, Reston, Shady Grove, Sibley, Suburban
and Washington Adventist Hospitals.
The MFA is national leader in implementation of the Electronic Medical Record
and manages more than one million patient visits each year. The GW Medical
Faculty Associates is a 501 (c) 3 with a mission of patient care, clinical
research and education.