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Pediatrix Medical Group, Inc. (NYSE: MD) is a prominent physician-led health solutions partner based in the United States. Founded in 1979, the company has grown into a national network of nearly 3,200 physicians operating in all 50 states and Puerto Rico. Pediatrix provides comprehensive physician services to hospitals, intensive care units, and other medical units, focusing on high-quality patient care and optimizing performance.
Pediatrix Medical Group offers specialized services in maternal care for expectant mothers, intensive care for premature babies, cardiology for infants with heart defects, and anesthesia during surgeries. The company primarily generates revenue through its neonatology and other pediatric subspecialties. Its physician practices and business professionals are dedicated to overcoming healthcare's quality, financial, and administrative complexities, continuously improving patient outcomes with evidence-based tools and clinical research.
Recent achievements include the formation of the Miller Children’s & Women’s Neonatal Network in partnership with MemorialCare Miller Children’s & Women’s Hospital Long Beach. This collaboration aims to enhance neonatal care through coordinated provider services, shared governance, and comprehensive support for high-risk maternal and neonatal care within the community. With services such as a level IV NICU, extremely low birth weight programs, and transport programs, the partnership underscores Pediatrix's commitment to expanding regional healthcare access.
Pediatrix Medical Group emphasizes continuous quality initiatives and safety improvements across its services. The company's clinical research and education efforts are pivotal in maintaining its reputation for delivering cost-effective and high-quality care. The physician-led structure supports an environment of compassionate and coordinated care, ensuring that the needs of women, babies, and children are met effectively.
To learn more about Pediatrix Medical Group, visit www.pediatrix.com or follow them on Facebook, Instagram, LinkedIn, and Twitter.
Pediatrix Medical Group, Inc. (NYSE: MD) will hold an investor conference call and webcast on May 2, 2023, at 9:00 a.m. ET, to discuss operational results for the quarter ending March 31, 2023. A detailed press release will be available on the same day before the markets open. Pediatrix is recognized as a leading provider of physician services in the U.S., focusing on maternity, neonatal, and pediatric care. The organization operates through more than 5,000 affiliated clinicians across 37 states. It emphasizes high-quality care backed by significant investments in research and safety initiatives.
Pediatrix Medical Group (NYSE: MD) has elected James D. Swift, M.D., as a director effective March 8, 2023, following his recent appointment as CEO. This election fills a seat previously held by co-founder Roger J. Medel, M.D., who is recognized for his extensive contributions to the company. Pediatrix, established in 1979, is a leading provider of physician services in the U.S., focusing on maternal-fetal medicine, neonatology, and pediatric care through over 5,000 affiliated clinicians. The company emphasizes coordinated, compassionate care supported by quality improvement and safety initiatives.
Pediatrix Medical Group (NYSE: MD) is hosting the NEO: The Conference for Neonatology from February 22-24 in Las Vegas, Nevada. This premier event addresses critical issues in neonatal care, attracting over 385 healthcare professionals. The CDC recently reported a 4% increase in the U.S. premature birth rate, now at 10.49%, emphasizing the importance of specialized neonatal care. Pediatrix, serving nearly 1 million neonates annually, is dedicated to improving outcomes for high-risk infants. The conference will feature esteemed speakers and the presentation of the Legends in Neonatology Award.
Pediatrix Medical Group, Inc. (NYSE: MD) reported fourth-quarter earnings from continuing operations at $0.29 per share, down from $0.47 in the same quarter last year. Net revenue for Q4 2022 rose to $514 million, a year-over-year increase from $498.5 million. Adjusted EBITDA decreased to $66 million from $81 million in the prior year. The company faced challenges with revenue cycle management and reported a significant drop in funds received under the CARES Act, impacting revenue growth. Looking ahead, Pediatrix projects 2023 Adjusted EBITDA between $235 million to $245 million. The firm ended the year with a strong financial position despite recent challenges.
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