Millennium Physician Group Welcomes veriMED Health Group
Millennium Physician Group, a Mosaic Health Company and a leading physician-led healthcare organization in Florida, is excited to announce that veriMED IPA, LLC along with veriMED Health Group have officially joined the Millennium family. This partnership, which took effect recently, signifies a significant step forward in their unified goal of providing exceptional patient-centered care across the region.
Partnership Significance
Founded in 2011 under the leadership of Dr. Jai Cho and Martin Revello, MPH, veriMED has established itself as a revered network of physicians dedicated to offering comprehensive primary care services to approximately 15,000 Medicare Advantage members throughout Florida. With its strong emphasis on value-based care and robust community ties, veriMED is recognized for its commitment to quality and innovation in patient health management.
Shared Vision and Commitment
According to Tesha Simpson, the Chief Executive Officer of Millennium Physician Group, "veriMED's dedication to excellence in value-based care complements Millennium's mission of providing coordinated, physician-led care to patients. We are thrilled to integrate veriMED's providers and teams into our organization, enhancing access to care and improving health outcomes for the communities we serve." This partnership opens new avenues for collaboration and growth, reflecting their mutual commitment to high-quality healthcare.
Comment from veriMED Leadership
In response to the partnership, Martin Revello, who serves as veriMED's President and CEO, stated, "This collaboration represents a natural evolution of our shared values and clinical vision. By joining forces with Millennium, we are ensuring the ongoing stability and growth of our organization while empowering our teams with essential resources to deliver the highest quality of care to our patients."
Expanding Healthcare Access
The collaboration between Millennium and veriMED is set to broaden Millennium's presence throughout Central and Western Florida. This partnership will strengthen its capabilities in full-risk Medicare Advantage offerings and bolster its population health initiatives, enhancing the overall healthcare experience led by physician expertise, complemented by technological support, and rooted deeply in community engagement.
Legal and Financial Guidance
Guggenheim Securities, LLC acted as the financial advisor for veriMED IPA and veriMED Health Group during this significant transition, while LDL Law provided legal counsel to veriMED. Additionally, Foley & Lardner LLP served as legal counsel for Millennium Physician Group, supporting the partnership’s establishment with expertise and guidance.
About Millennium Physician Group
Originating in Port Charlotte, Florida, and currently headquartered in Fort Myers, Millennium Physician Group, a Mosaic Health Company, has rapidly expanded to become one of Florida's largest physician-led healthcare entities, featuring over 900 healthcare providers across various locations in the state, North Carolina, Georgia, and Texas. Their offerings include primary care integrated with multi-specialty services, walk-in centers, and a wide range of wellness programs. With national recognition for their effective value-based care model, Millennium is committed to fostering a seamless healthcare experience, emphasizing a comprehensive and coordinated approach to health—aligning with their motto, "Your Connection to a Healthier Life." Learn more about their services at the official website.
Frequently Asked Questions
What is the purpose of the partnership between Millennium and veriMED?
The partnership aims to enhance patient-centered care and expand access to high-quality healthcare services across Florida.
Who are the leaders of veriMED Health Group?
Dr. Jai Cho and Martin Revello, MPH, founded veriMED Health Group, and they continue to lead the organization.
How many healthcare providers does Millennium Physician Group have?
Millennium Physician Group features over 900 healthcare providers across Florida and additional locations.
What type of care does veriMED provide?
veriMED provides comprehensive primary care services, focusing on value-based care to its Medicare Advantage members.
How will this partnership affect patients?
The partnership will enhance patient access to care, improve health outcomes, and strengthen the overall healthcare experience.
