Mednax

Mednax is an American physician-led national medical group founded in 1979, headquartered in Sunrise, Florida. Mednax partners with hospitals, health systems and health care facilities to offer women’s and children’s care across more than 24 specialties.[2]

Mednax
TypePublic
NYSE: MD
S&P 400 Component
IndustrySpecialized health services
Founded1979 (1979)
HeadquartersSunrise, Florida, U.S.
Key people
Cesar L. Alvarez
(Chairman of the Board)
Mark S. Ordan
(CEO)
Vivian Lopez-Blanco
(CFO)
ServicesNeonatal, maternal-fetal and other pediatric physician subspecialty services
Revenue US$ 3.46 billion (2017)
US$ 480.08 million (2017)
US$ 320.37 million (2017)
Total assets US$ 5.87 billion (2017)
Total equity US$ 3.07 billion (2017)
Number of employees
15,900 (includes: full and part-time employees & contracted professionals) (2017)
SubsidiariesPediatrix Medical Group
Footnotes / references
[1]

Through its medical groups and practices, Mednax provides services through a network of more than 2,000 physicians and 1,200 advanced practice providers.[3]  

Mednax companies and solutions include:

  • Pediatrix Medical Group: The nation’s leading provider of maternal-fetal, newborn and pediatric subspecialty services.  
  • Obstetrix Medical Group: A provider of obstetric and maternal-fetal services.

History[4]
  • 1979 – Pediatrix Medical Group was founded as a single neonatology group.[3]
  • 1991 – Pediatrix began providing pediatric cardiology and pediatric intensive care physician services.[4]
  • 1994 – Pediatrix launched its newborn hearing screen program.[4]
  • 1995 – Pediatrix completed its initial public offering.
  • 1996 – Electronic medical record system and Clinical Data Warehouse was introduced to bolster research, education and quality improvement initiatives.
  • 1998 – Pediatrix began providing maternal-fetal medicine physician services. Formalized Center for Research and Education was launched.
  • 2000 – Pediatrix University, a free online CME/CNE resource for the maternal-fetal-newborn community, was launched.
  • 2001 – Continuous quality improvement program was introduced.
  • 2009 – 100,000 Babies Campaign launched to improve the delivery of neonatal care to 100,000 babies over a three-year period.[5] Mednax was established in 2009 as the parent company of Pediatrix Medical Group, Inc.
  • 2014 – Mednax signs definitive agreement to acquire leading revenue cycle management company, MedData Inc.[6]
  • 2019 – Mednax celebrates 40 years of patient care.[4]
  • 2020 – New destinations for anesthesia and radiology solutions – North American Partners in Anesthesia (NAPA) acquires American Anesthesiology, Mednax completes sale of Mednax Radiology Services to Radiology Partners.[7][8]

Operations

Mednax is a comprehensive medical group comprising providers of neonatal, maternal-fetal and pediatric physician subspecialty services.[3] Pediatrix Medical Group, a division of Mednax, was founded in 1979[9] and includes neonatal physicians who provide services in neonatal intensive care units, and collaborate with affiliated maternal-fetal medicine, pediatric cardiology, pediatric critical care and other physician subspecialists to provide a clinical care continuum. The Pediatrix network includes partnerships with more than 1,225 facilities in 39 states, Puerto Rico and the U.S Virgin Islands.  

Pediatrix areas of specialty include:

Obstetrix Medical Group offers obstetric and maternal-fetal services, including maternal-fetal medicine, OB/GYN hospitalist services, obstetrics & gynecology services, and midwifery. Established in 1998, the Obstetrix network includes more than 300 partner facilities, 430+ physicians and more than 75 advanced practice providers.

Other Mednax programs include the Mednax Audiology Institute, the Mednax Simulation Program and telehealth services.[11]

The Mednax Center for Research, Education, Quality and Safety (CREQS) engages in clinical research, education, continuous quality improvement and safety initiatives. Mednax also maintains a database of research and articles published by Mednax physicians.

References
  1. "US SEC: Form 10-K MEDNAX, Inc". U.S. Securities and Exchange Commission. Retrieved March 2, 2018.
  2. "Personalized Patient Care". Mednax. Retrieved 2021-01-27.
  3. "Advanced Medical Solutions for Better Patient Care". Mednax. Retrieved 2021-01-27.
  4. "History of MEDNAX". Mednax. Retrieved 2021-01-27.
  5. Ellsbury, Dan L.; Clark, Reese H.; Ursprung, Robert; Handler, Darren L.; Dodd, Elizabeth D.; Spitzer, Alan R. (April 2016). "A Multifaceted Approach to Improving Outcomes in the NICU: The Pediatrix 100 000 Babies Campaign". Pediatrics. 137 (4). doi:10.1542/peds.2015-0389. ISSN 1098-4275. PMID 26936860.
  6. "MEDNAX (MD) to Sell MedData for Focusing on Core Business". finance.yahoo.com. Retrieved 2021-01-27.
  7. "MEDNAX Completes Sale of MEDNAX Radiology Solutions to Radiology Partners". www.businesswire.com. 2020-12-16. Retrieved 2021-01-27.
  8. www.bizjournals.com https://www.bizjournals.com/southflorida/news/2020/05/06/mednax-sells-american-anesthesiology.html. Retrieved 2021-01-27. Missing or empty |title= (help)
  9. "Pediatrix Medical Group Home". Pediatrix Medical Group. Retrieved 2021-01-27.
  10. MarketScreener. "MEDNAX : Expert Cardiology Care Heals Young Girl Born with Congenital Heart Defect | MarketScreener". www.marketscreener.com. Retrieved 2021-01-27.
  11. "Solutions". Mednax. Retrieved 2021-01-27.
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