LEAWOOD, Kan. – After careful consideration of the business and financial implications, the TransforMED business operation recently transitioned from a for-profit subsidiary corporation to a division of the American Academy of Family Physicians (AAFP).
The new structure will allow TransforMED to:
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TransforMED Transitions to a Division of the American Academy of Family Physicians
FOR IMMEDIATE RELEASE
Monday, March 27, 2006
Contact:
Janelle Davis
American Academy of Family Physicians
(800) 274-2237 Ext. 5222
jdavis@aafp.org
- use existing AAFP resources and infrastructure to quickly get up and running;
- qualify for grant programs, many of which are available only to not-for-profit organizations;
- leverage existing knowledge centers within the AAFP and in the family medicine community to 1) provide family physicians with the technological resources and expert assistance necessary to transform their practices to the new model of care, including resources and assistance in the areas of quality improvement, office redesign and information technology, and 2) assist them with the implementation of these new systems and technologies.
"The reorganization will allow TransforMED to devote 100 percent of its resources to helping family physicians transform their practices," said Terry McGeeney, M.D., president and CEO of TransforMED.
Despite the change, TransforMED's mission remains unchanged – to provide ongoing consultation and support to primary care practices across the country looking to transform to the new model of care outlined in the Future of Family Medicine report. The company is moving forward as scheduled with a "proof-of-concept" National Demonstration Project, for which the pilot practices will be announced in early April of this year.
The business entity will retain the TransforMED name and will continue to operate entrepreneurially.
TransforMED's board of directors will be reconstituted as an advisory board to the business operation but, by action of the AAFP Board, will retain authority to provide guidance and oversight of TransforMED. Because the business will become a division of the AAFP, ultimate authority and responsibility for TransforMED will remain vested in the AAFP Board.
Despite the change, TransforMED's mission remains unchanged – to provide ongoing consultation and support to primary care practices across the country looking to transform to the new model of care outlined in the Future of Family Medicine report. The company is moving forward as scheduled with a "proof-of-concept" National Demonstration Project, for which the pilot practices will be announced in early April of this year.
The business entity will retain the TransforMED name and will continue to operate entrepreneurially.
TransforMED's board of directors will be reconstituted as an advisory board to the business operation but, by action of the AAFP Board, will retain authority to provide guidance and oversight of TransforMED. Because the business will become a division of the AAFP, ultimate authority and responsibility for TransforMED will remain vested in the AAFP Board.
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Founded in 1947, the AAFP represents 110,600 physicians and medical students nationwide. It is the only medical society devoted solely to primary care.
Approximately one in four of all office visits are made to family physicians. That is 240 million office visits each year — nearly 87 million more than the next largest medical specialty. Today, family physicians provide more care for America’s underserved and rural populations than any other medical specialty. Family medicine’s cornerstone is an ongoing, personal patient-physician relationship focused on integrated care.
To learn more about the specialty of family medicine, the AAFP's positions on issues and clinical care, and for downloadable multi-media highlighting family medicine, visit www.aafp.org/media. For information about health care, health conditions and wellness, please visit the AAFP’s award-winning consumer website, www.FamilyDoctor.org.
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