Director cites finances and healthcare reform
Fort Lauderdale medical group, Mednax, Inc., announced its acquisition of Physicians Anesthesia Associates, P.A., a group of anesthesiologists based primarily in Baltimore, Maryland. The purchase marks the 10th state in which Mednax, Inc. will operate, and the 24th practice they will manage nationwide.
There are approximately 40 million anesthesia treatments performed each year across the country. While most are conducted without incident, there is always a risk of complications due to improper dosing or a failure to monitor a patient’s vital signs properly. As a result, professional groups like Physicians Anesthesia Associates, P.A., are formed to help unify efforts, standardize care and maintain a quality of care among anesthesiologists and anesthetists. The Maryland practice had become a fixture in the greater Baltimore area.
Physicians Anesthesia Associates, P.A., was incorporated in 1973 and includes 31 anesthesiologists and 17 anesthetists operating throughout Maryland. They provide exclusive anesthetic services to Greater Baltimore Medical Center, along with the Sheppard and Enoch Pratt Hospital and four surgical centers across the Baltimore metropolitan area. They provide anesthesia support for various procedures including general surgery, orthopedic surgery, neurosurgery and spinal surgery.
Mednax, Inc. manages an American Anesthesiology division comprising more than 1,850 anesthesia providers across Florida, Georgia, Michigan, New Jersey, New York, North Carolina, Tennessee, Texas, Virginia, and now, Maryland.
The reported cash purchase of Physicians Anesthesia Associates was made for primarily financial reasons, according to the practice’s medical director, Lewis Hogge, M.D. “Knowing the challenges that lie ahead in the changing healthcare landscape with reform and consolidation, we knew it was the right time to join a national group practice,” said Hogge. The acquisition means that the practice will be able to focus more on patients and let Mednax, Inc. manage the financials and back office concerns.
According to Mednax, Inc., Lewis Hogge, M.D. will continue to serve as medical director for the practice. There will likely be some level of change to the practice’s policies and procedures as they function within Mednax’s national network, but it remains to be seen whether this will affect the practice’s existing relationships with area medical centers or how patient care and scheduling will be impacted.
The attorneys at Mallon & McCool, LLC, in Baltimore have extensive experience representing victims of anesthesia errors. They understand that improperly administered anesthetics can cause lifelong damage, and encourage anyone who has suffered or lost a loved one to an anesthesia mishap to contact an attorney who will help build their case and hold the responsible doctor or hospital accountable. Their law offices are located at 300 East Lombard Street in Baltimore, Maryland.