MD Physicians Plans Statewide Management Services Organization

By Carter, Kim | THE JOURNAL RECORD, June 27, 1986 | Go to article overview
Save to active project

MD Physicians Plans Statewide Management Services Organization


With formation of MD Physicians of Tulsa Inc. completed as the fourth affiliate of MD Physicians Inc. of Oklahoma Ci ty, a new statewide management services organization will be formed, it was announced Thursday.

It will be called Physicians Management Services Corp., said Mike Schuster, executive director of MD Physicians Inc. Schuster will be president and chief executive officer of Pysicians Management, which will serve the state network of more than 1,200 physicians.

The new management firm will enter into contracts for management and support services will all of the state organizations, said Schuster.

In addition, MD Physicians Inc. has contracted with physicians in Arizona to develop an affiliate in that state, said Schuster, and is working with steering groups of physicians in Alabama, Arkansas and Texas.

MD Physicians of Tulsa, which includes 400 doctors, joins MD Physicians of Lawton, MD Physicians of Southern Oklahoma, MD Phsucians of Muskogee and the original MD Physicians Inc. of Oklahoma City in the state network.

MD Physicians Inc. was formed by 32 doctors in Midwest City during May 1984 to support the private practices of member physicians. Its subsidiary, Physicians Medical Plan of Oklahoma Inc., is an independent practice association that amounts to a health insurance firm owned by doctors.

Physicians Medical Plan, which was started last July, contracts with health management organizations, insurance companies and self-funded employers to provide physician and hospital services under "cost-managed" contracts.

Nearly 1,100 physicians have joined the MD Physicians Inc. network over the past year, said Schuster, resulting in the need for the new statewide Physicians Management Services Corp.

Physicians Management will be an investor-owned corporation, based in Oklahoma City, and it will employ all of the staff of MD Physicians Inc. when it becomes operational during July, he said.

The management firm will be organized by the stock subscription of $350,000, subscribed by private placement and limited to 35 investors, Schuster said.

Also, The new firm has been licensed by MD Phsysicians Inc. of Oklahoma City to organize and develop other independent practice associations around the country.

The corporations are able to compete more effectively in the medical marketplace through group buying programs, similar to a coop, said Schuster.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Cite this article

Cited article

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

MD Physicians Plans Statewide Management Services Organization


Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?