OHC consists of 45 physicians, 15 advance practice registered nurses and a number of clinical support staff. Under terms of the agreement with The US Oncology Network, OHC will remain an independent practice.
“We are basically engaging US Oncology to run the business side of our practice,” Randy Broun, MD, chairman of the board at OHC, told Cincinnati Business Journal. “They will do our payroll, collections and run the IT side of things.”
Financial terms of the deal were not disclosed.
More articles on finance issues:
Healthcare services expected to grow in 2017, survey shows
Fitch places Chilton County Health Care Authority on rating watch negative
S&P places York Health Care Authority on CreditWatch negative
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.