34 | SUMMIT MEDICAL GROUP
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.