Health2047, the American Medical Association's innovation enterprise, on April 12 unveiled its latest spinout company: Emergence Healthcare Group, a turnkey practice management and health IT group for independent practices.
Four things to know:
1. Emergence Healthcare's turnkey practice management platform lets physicians launch and manage new practices and perform administrative responsibilities including finding, designing and maintaining clinic space to hiring, training and managing non-clinical workers.
2. The platform offers day-to-day administrative management systems for EHR; billing, collections and revenue cycle; marketing and advertising; reporting and analytics; and customer service.
3. The new spinout comes as administrative responsibilities for physicians are increasing. Administrative tasks have grown to take up more than 20 percent of a physician's time and more than 50 percent of revenue, according to the AMA's news release.
4. Emergence Healthcare Group is Health2047's sixth spinout company.