More orthopedic physicians sell out to private equity firms, raising alarms about costs and quality
Dr. Levitt was interviewed in early December by Harris Meyer for Kaiser Health News on
January 11, 2023
The Nation’s Largest Physician-Owned and Operated Musculoskeletal Management Services Organization (MSO) Designed By Independent Physicians, For Independent Physicians
Mission
Vision
Core Values
Mission
Comprehensive resources and trusted services — developed and managed by independent physicians — to help private practices thrive and achieve efficiency and excellent patient outcomes in value-based and fee for service landscapes.
Vision
MedVanta is the physician-operated organization dedicated to developing state-of-the-art business, data and support services — backed by keen foresight and successful experience — for private practice physicians committed to superior healthcare delivery.
Core Values
- Independence
- Innovation
- Empowerment
- Evidence-based guidelines
- Innovation
- Ownership
- Trust
BY THE NUMBERS
Unmatched capabilities FOR your private practice
In the midst of soaring costs, industry-wide consolidation and pressure from outside investors, MedVanta offers a new path forward for private practices. We empower orthopaedic surgeons and MSK providers to preserve their independence and commitment to the highest standard of care while successfully evolving from fee-for-service to value-based payment models. Our solutions leverage:
- A proven, time-tested, high-growth business model
- The expertise of 160+ independent MSK physicians
- Results from 60+ practice locations
- The scale of 25+ MSK private practices
- Next-generation technology and data analytics
Our track record
Rocket Fuel for Private Practice Transformation
MedVanta’s proven method, robust infrastructure and proprietary management and technology resources have enhanced business outcomes for The Centers for Advanced Orthopaedics (CAO), an independent orthopaedic supergroup – and we can do the same for you. Since its launch in 2013, CAO has seen:
>10%
compound annual growth rate since inception
28-40%
malpractice savings
25-50%
reduction in employee health insurance costs
20-30%
decrease in supply costs driven by purchasing power
“
I see tremendous value in the independence associated with the private practice model of care, but running the business historically impacted the amount of time we could spend treating patients. MedVanta equips us with integrated, efficient back-office solutions designed specifically for musculoskeletal practices and best of all, empowers us to continue practicing medicine our way.
Dr. Harrison Solomon
The Centers for Advanced Orthopaedics
“
My practice is more efficient than ever before because of the administrative support MedVanta delivers, which simplifies my job as a surgeon and allows me to focus solely on patient care.
Dr. Daniel Pereles
The Centers for Advanced Orthopaedics
“
When I went into medicine, private practice appealed to me first and foremost so I could have the independence to make clinical decisions based on my knowledge and training. MedVanta is protecting and preserving the private practice model of care, providing my practice an edge to compete against larger players. This is what I envisioned for myself when I went into private practice, and I’m grateful I can hold onto it.
Dr. Emeka Nwodim
The Centers for Advanced Orthopaedics
“
MedVanta’s efficient back-office resources and innovative solutions enable me and my partners to thrive financially while enjoying the benefits of the private practice model, such as maintaining clinical independence, a strong work/life balance, and financial security.
Dr. Alison Kitay
The Centers for Advanced Orthopaedics
“
Physician burnout is a very real challenge, and finding the right work life balance can be difficult in this industry. What I appreciate most about MedVanta is the ‘by doctors, for doctors’ mentality. The organization was created by physicians who understand the specific issues we face. They are addressing burnout head-on by taking administrative tasks off of physicians’ plates so we can focus on what we care about most: providing the highest quality patient care.
Dr. Lisa Grant
The Centers for Advanced Orthopaedics
“
MedVanta has reduced the administrative burden on my practice, so my partners and I can spend more time with our patients. Our business has become much more efficient, particularly with billing. We look forward to unlocking additional efficiencies through this partnership
Dr. Jessica Figueroa
The Centers for Advanced Orthopaedics
“
MedVanta enables private practice physicians to maintain independence and achieve their goals without giving up control to a larger organization. Even better, these solutions were designed specifically to support musculoskeletal practices, and the organization is managed by a board of practicing specialists who understand the challenges and opportunities we face. This is the best way forward both for patients and providers.
Dr. Harrison Solomon
The Centers for Advanced Orthopaedics
“
MedVanta’s physician leadership structure is truly unique and I appreciate the opportunity to collaborate with and learn from likeminded doctors who – like me – view superior patient care as the top priority. The innovative solutions MedVanta provides were designed with that goal in mind, and affords my colleagues and I the time to focus on doing just that.
Dr. Emeka Nwodim
The Centers for Advanced Orthopaedics
Our Leadership Team
Leaders devoted to the private practice standard of care
Nicholas Grosso, M.D.
President
Louis Levitt, M.D., M.Ed.
Chief Medical Officer
Subir S. Jossan, M.D.
Chief Transformation Officer
Richard Robinson
Chief Executive Officer
Tony Yi
CTIO
Thought Leadership
The Medvanta Press Room
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