Predict your next investment

See what CB Insights has to offer

Investments

1

Portfolio Exits

1

About Extent

Extent Headquarter Location

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Extent News

MGMA Report Reveals Extent Of COVID-19 Impacts To Financial Health Of Physician And Hospital-Owned Medical Practices

Jul 28, 2021

MGMA Report Reveals Extent Of COVID-19 Impacts To Financial Health Of Physician And Hospital-Owned Medical Practices Newly Released MGMA Data from over 4,000 Organizations Provides Insights on the Pandemic Impact on the U.S. Healthcare Industry and the Navigation of Recovery Author: Jul 28, 2021 2:02 PM EDT ENGLEWOOD, Colo., July 28, 2021 /PRNewswire/ --  Medical Group Management Association  (MGMA) published a new data report illustrating significant differences in how physician-owned medical practices and hospital-owned medical practices weathered the pandemic and are navigating the economic recovery. The report, " Medical Practice Ownership and COVID-19: A Tale of Two Recoveries ," is based on the " 2021 MGMA Cost and Revenue " survey report, which analyzes data collected from more than 4,000 organizations reflecting a variety of specialties and practice types in the United States. This data report reveals key trends, paired with expert insights from industry leaders and MGMA member feedback, to evaluate the history of healthcare's 2020 pandemic response and guide practice leaders as they strategize for the post-pandemic future in 2022 and beyond. Healthcare organizations of all types shared many of the common concerns and challenges during the pandemic: concern for patient and staff safety, operational challenges created by social distancing, financial concerns related to shutdowns and higher costs, and increased rates of stress and burnout for healthcare professionals. However, despite those shared circumstances, the recovery has not been identical for all organizations. "Physician-owned medical practices had bigger cost and revenue swings than their hospital counterparts largely driven by how they approached patient access, physician productivity, and operating costs," said, Dr. Halee Fischer-Wright, MD, MMM, FAAP, FACMPE, president and chief executive officer of MGMA. "The findings in this report highlight the need for medical practice leaders to revisit their strategic planning as they continue pandemic recovery and set guiding principles for the future of practice management in 2022." Key insights in the "2021 MGMA Cost and Revenue" survey report include: All practice types reported pronounced decreases in productivity levels in 2020 versus 2019, though hospital-owned practices fared much worse; hospital-owned entities experienced three times greater declines in productivity compared to physician-owned entities. Despite their significant decreases in productivity, hospital-owned practices experienced lower decreases in total medical revenue compared to physician-owned practices. As businesses awaited federal relief programs, physician-owned groups quickly pivoted to telehealth and other innovative care delivery models to continue serving patients when in-person medical office visits were restricted. Physician-owned practices felt increases in operating costs more acutely as the need for PPE and other COVID-19-related safety measures rose, whereas hospital-owned practices saw cost increases covered in higher-up organizational budgets or via large-scale cost-cutting measures. The pace of medical practice merger and acquisition (M&A) activity stalled briefly at the beginning of the pandemic but has since accelerated, creating shifts in physician employment and compensation methods. About MGMA Founded in 1926, the Medical Group Management Association (MGMA) is the nation's largest association focused on the business of medical practice management. MGMA consists of 15,000 group medical practices ranging from small private medical practices to large national health systems representing more than 350,000 physicians. MGMA helps nearly 60,000 medical practice leaders and the healthcare community solve the business challenges of running practices so that they can focus on providing outstanding patient care. Specifically, MGMA helps its members innovate and improve profitability and financial sustainability, and it provides the gold standard on industry benchmarks such as physician compensation. The association also advocates extensively on its members' behalf on national regulatory and policy issues. To learn more, go to MGMA.com  or follow us on LinkedIn , Twitter and Facebook . Media Contact: Taylor Strickland, Public Relations Manager tstrickland@mgma.com  303-643-9595 ext. 1222 303-884-2995 (Cell) View original content to download multimedia: https://www.prnewswire.com/news-releases/mgma-report-reveals-extent-of-covid-19-impacts-to-financial-health-of-physician-and-hospital-owned-medical-practices-301343490.html SOURCE Medical Group Management Association By

Extent Investments

1 Investments

Extent has made 1 investments. Their latest investment was in NextNet Wireless as part of their Unattributed VC - III on July 7, 2003.

CBI Logo

Extent Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/14/2003

Unattributed VC - III

NextNet Wireless

Yes

Date

7/14/2003

Round

Unattributed VC - III

Company

NextNet Wireless

Amount

New?

Yes

Co-Investors

Sources

Extent Portfolio Exits

1 Portfolio Exit

Extent has 1 portfolio exit. Their latest portfolio exit was NextNet Wireless on April 19, 2004.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/19/2004

Acquired

Date

4/19/2004

Exit

Acquired

Companies

Valuation

Acquirer

Sources

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.