Just a week after its acquisition of risk management firm Medventive, McKesson has made another move to bolster its offerings for a post-reform world, announcing it will acquire Pittsburgh-based MED3OOO, which develops physician group management, billing and revenue cycle tools.

MED3OOO's hosted applications, third-party administrator services and proprietary, cloud-based technology are aimed at helping practices adjust to changes in healthcare without concern for server expansions, software and system upgrades or extended downtime due to hardware failure.

[See also: McKesson to acquire MedVentive.]

McKesson officials say that, once complete, the acquisition – terms of which were not disclosed – will complement the medical billing and practice management service offerings of McKesson Revenue Management Solutions (RMS) and accelerate expansion into growth markets, including the ability to provide new domain expertise, services and technologies that help customers build and succeed within an accountable care environment.

“McKesson and MED3OOO share a commitment to help customers navigate growing healthcare complexity and achieve their full potential,” said Pat Leonard, senior vice president and general manager, RMS. “We are excited about the opportunity to combine best practices and superior technologies to help providers and other customers improve their operations and achieve better business health as part of our Better Health 2020 strategy.”

Better Health 2020 is a McKesson initiative aimed at supporting organizations as they focus on the demands of health reform – reducing costs, coordinating care, assuming more risk and managing complex payment models.

[See also: McKesson acquires peerVue.]

MED3OOO employs 2,800 employees in the U.S., and its customers include more than 10,000 physicians, numerous hospitals and health systems, physician networks, state and local municipalities providing third party administration and benefits consulting for employers or state agencies, as well as revenue cycle management services for EMS providers and independent practice associations.

“The future of healthcare reform will reward those that can provide measureable improvements in the cost, quality and access to care,” said Patrick Hampson, chairman and CEO of MED3OOO. “Together, McKesson and MED3OOO will provide industry leading expertise and the sophisticated infrastructure and reporting that our provider, supplier and employer customers need as they better manage their populations of patients and employees.”