In recent developments within the healthcare sector, several significant advancements have been announced. Access Healthcare has secured substantial funding from New Mountain Capital to bolster its technological capabilities in artificial intelligence and workflow automation. Meanwhile, Medical City has introduced advanced robotic surgical systems across multiple hospitals in Texas, enhancing precision and reducing invasiveness in various procedures. Additionally, U.S. Oral Surgery Management (USOSM) has expanded its credit line, positioning it for sustained growth over the next few years. Furthermore, three Texas Health Harris Methodist Hospitals have received prestigious awards for their outstanding patient experiences and clinical quality.
New Mountain Capital, a prominent investment firm with assets totaling $55 billion, has made a strategic investment in Access Healthcare. This influx of capital aims to propel the company's expansion in key areas such as AI-driven solutions, workflow automation, product development, and market reach. Access Healthcare is renowned for managing revenue cycles for numerous large-scale healthcare organizations, handling over 400 million transactions annually. The leadership team will remain at the helm, guiding the company through this transformative phase. The investment underscores the growing importance of technology in optimizing healthcare operations and improving patient outcomes.
Medical City has unveiled five state-of-the-art robotic surgical systems across its network of hospitals in Dallas, Alliance, Arlington, Frisco, and Plano. These ergonomically designed systems offer enhanced precision and visualization during minimally invasive surgeries, covering specialties like gynecology, urology, bariatric, thoracic, and general surgery. By adopting these advanced tools, healthcare providers can perform surgeries with greater accuracy while minimizing patient trauma. The introduction of these robotic systems marks a significant step forward in medical innovation, promising improved surgical outcomes and faster recovery times for patients.
U.S. Oral Surgery Management (USOSM), a physician practice management company specializing in oral and maxillofacial surgery, has secured a $175 million credit expansion from Oak Hill Capital. Founded in 2017, USOSM has rapidly grown to encompass over 250 surgeons across 28 states. This latest financial boost follows two previous expansions of $125 million in December 2022 and $150 million in August 2023. The new funds will facilitate continued growth and expansion through 2026, reinforcing USOSM's commitment to delivering high-quality specialty services. The company's steady progress reflects its dedication to advancing oral and maxillofacial surgery practices nationwide.
The achievements of Texas Health Harris Methodist Hospital Azle, Southlake, and Southwest Fort Worth were recently acknowledged with the 2024 Press Ganey Human Experience Awards. These accolades recognize excellence in consumer, patient, employee, and physician experiences, alongside clinical quality. Texas Health Azle earned the Guardian of Excellence award for outpatient services, while Texas Health Southlake received dual honors: the Guardian of Excellence for HCAHPS and the Pinnacle of Excellence for outpatient services. Lastly, Texas Health Southwest Fort Worth was honored with the Guardian of Excellence for outpatient services. These awards highlight the hospitals' unwavering commitment to providing exceptional care and enhancing the overall healthcare experience for all stakeholders.