TransforMED Transitions to a Division of the American Academy of Family Physicians
FOR IMMEDIATE RELEASE
Monday, March 27, 2006
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:
- 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.
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Founded in 1947, the American Academy of Family Physicians represents 134,600 physicians and medical students nationwide, and it is the only medical society devoted solely to primary care.
Family physicians conduct approximately one in five of the total medical office visits in the United States per year – more than any other specialty. Family physicians provide comprehensive, evidence-based, and cost-effective care dedicated to improving the health of patients, families and communities. Family medicine’s cornerstone is an ongoing and personal patient-physician relationship where the family physician serves as the hub of each patient’s integrated care team. More Americans depend on family physicians than on any other medical specialty.
To learn more about the AAFP and family medicine, visit www.aafp.org/media. Follow us on Twitter,(twitter.com) and like us on Facebook. For information about health care, health conditions and wellness, visit the AAFP’s award-winning consumer website, www.familydoctor.org(familydoctor.org).