The GW Medical Faculty Associates and Adventist Medical Group Report Joint Venture [Professional Services Close – Up]

Adventist HealthCare, a health system in Montgomery County, and The GW Medical Faculty Associates (MFA), an independent physician group in metropolitan Washington, announced a joint venture that will further their missions of improving the health of the communities they serve.

According to a release, the new venture, which combines the strengths of The MFA and Adventist Medical Group, enables the organizations to 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.

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