34 | SUM­MIT MED­I­CAL GROUP

Modern Healthcare - - HEALTHCARE’S HOTTEST -

WHAT THEY DO: Sum­mit Med­i­cal Group is a mul­ti­spe­cialty med­i­cal group oper­at­ing in New Jersey. HOW IT GREW: Elec­tronic health records have proven to be a smart in­vest­ment for Sum­mit Med­i­cal Group. Ac­cord­ing to com­pany spokes­woman Maureen Bennett, dig­i­tiz­ing med­i­cal records has al­lowed New Jersey’s largest for-profit physi­cian group to pro­vide in­te­grated care to its pa­tients.

That in­te­grated care is of in­creas­ing qual­ity, as Sum­mit’s Medi­care hospi­tal read­mis­sion rate is now about two-thirds lower than the New Jersey bench­mark of 22%.

Sum­mit’s hir­ing and ex­pan­sion have kept pace, and per­haps driven the com­pany’s 97.8% boost in rev­enue in the past five years. In that same time span, the group has added 81 physi­cians to its rolls as the com­pany looks to ex­pand throughout New Jersey. Bennett says they are plan­ning more merg­ers in the com­ing year to deepen Sum­mit’s mar­ket share in coun­ties throughout the Gar­den State.

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