Newly formed urology group offers 'alternative to a hospital acquisition' — 4 insights

U.S. Urology Partners was launched with funding from private investment firm NMS Capital and forged its first practice partnership.

What you should know:

1. CEO Mark Cherney leads U.S. Urology Partners, which was created to give urology groups operational support, management expertise and financial resources while retaining autonomy.

2. Its 50-member team provides services including finance, accounting, revenue cycle management, provider recruitment, human resources, compliance, data analytics, marketing and contracting.

3. The company's first practice partnership is Gahanna-based Central Ohio Urology Group, which has 16 locations, including an ASC.

4. U.S. Urology Partners plans to expand nationally, partnering with urology groups in Ohio and other strategic markets.

"Our vision is to allow urology practices to retain their autonomy, avoid unnecessary pressures and succeed financially without having to acquiesce to a hospital acquisition," Mr. Cherney said in a press release. "Urology groups that partner with U.S. Urology Partners will benefit from an experienced team of healthcare executives with decades of urology domain expertise and extensive knowledge of integrated services, revenue cycle and practice management. Our deep financial resources can enhance services to patients as well as the providers."

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