KECKLEY, PAUL H JR
BRENTWOOD, TN 37027
EBM SOLUTIONS INCKECKLEY, PAUL JR
BRENTWOOD, TN 37027
PHYCORhttp://www.newsmeat.com/fec/bystate_detail.php?st=TN&last=keckley&first=PaulThere are more listings at the link above. I did a quick search on Phycor and here is one interesting article about how they operated. Check it out @
http://www.fundinguniverse.com/company-histories/PhyCor-Inc-Company-History.htmlHere's some highlights:
1991: Revenues reach $90 million in third year of business.
1992: Initial public offering is completed.
1995: Company acquires 13 medical practice groups.
1998: Company begins divestment of several clinics.
2000: Mounting difficulties result in change in leadership
Company History:
PhyCor, Inc. and its subsidiaries provide administrative management services to physician networks and medical groups. The company manages 40 medical groups with more than 2,500 doctors in 21 states and nearly 26,000 physicians through networks in 29 healthcare markets. Through PhyCor's subsidiary, CareWise, Inc., the company provides support and assistance to more than 3.3 million consumers in making decisions about medical care.
PhyCor grew rapidly, especially after it became a public company in January 1992. After three years of operation revenues increased from $1.2 million in 1988 to $90 million by the end of 1991. An initial public offering of 2.5 million shares of stock at $16 per share raised $40 million for the purchase of additional multispecialty medical clinics. With the acquisition of six medical practices, located in Texas, Virginia, New York, and New Hampshire, 1992 revenues reached $136 million through 14 clinics in nine states.
PhyCor's involvement with physician practice management through ownership continued to be besieged with problems in early 2000 as several doctors resigned their posts because of dissatisfaction with PhyCor management. At Lewis-Gale Clinic 44 doctors quit in six months' time. More than 90 doctors resigned at the Nalle Clinic after they received paychecks for $1,500 each in March. Many paid the $150,000 noncompete penalty in order to continue practicing in the area. A nearby hospital hired several doctors, and others joined or started single-specialty practices. A trend back to single-specialty practices resulted from its efficiency and the lower likelihood of conflicts over reimbursements or equipment purchases. The Casa Blanca clinic closed three clinics in June 2000 because of the resignation of 35 of 100 doctors since January.
Now the truth is mentioned in the last paragraph that states, doctors paid to be a part of PhyCor's scam which forbid them required them to sign noncompete penalty. If the doctors wanted out they had to pony up $150,000. Let me repeat that THEY HAD TO PAY $150,000 to continue practing in the area.
I think Dr. Gupta needs a reality check, don't ya think.....