Nutex Health
Nutex Health operates a Hospital Division and a Population Health Management Division, offering comprehensive healthcare services through micro-hospitals, specialty hospitals, and provider networks across multiple states.
Company Overview
Nutex Health operates two primary divisions: a Hospital Division and a Population Health Management Division. The Hospital Division specializes in owning, developing, and operating micro-hospitals, specialty hospitals, and Hospital Outpatient Departments (HOPDs). The Population Health Management Division manages provider networks such as Independent Physician Associations (IPAs) and Management Services Organizations (MSOs) that offer administrative and support services.
Hospital Division
Nutex Health's Hospital Division operates 22 facilities across 8 states, offering specialized services including micro-hospitals, specialty hospitals, and HOPDs. These facilities provide 24/7 medical care, including emergency services, drug and alcohol detox services, and behavioral services. HOPDs offer around-the-clock outpatient emergency services equipped with imaging and laboratory units.
Population Health Management
The Population Health Management Division of Nutex Health owns and operates provider networks, which include Independent Physician Associations (IPAs) and Management Services Organizations (MSOs). These networks unify small physician practices to reduce overhead and make collective business decisions. MSOs provide administrative support, practice management services, and aid in billing, collections, and human resources.
Clinigence Health Platform
Nutex Health uses a cloud-based proprietary technology platform through Clinigence Health for value-based care and population health management. Clinigence Health aggregates clinical and claims data to create a comprehensive view of patients and providers. This platform serves 91 organizations, 7,127 practices, 10 payers, 10,754 providers, and 3,116,360 patients.
Financial Performance
In the first quarter of 2024, Nutex Health reported total revenue of $67.5 million, a 20% increase from 2023. The Hospital Division alone saw a 21.1% increase in visits and an operating income of $10.5 million, up from $4.8 million in 2023. For the year ended 2023, the company reported total revenue of $247.6 million, a 13% increase from 2022. The Hospital Division's operating income was $36.3 million, marking a 142% increase from 2022.
Turnkey Hospital Solutions
Nutex Health provides turnkey hospital solutions that range from site research and acquisition to compliance with state and city construction regulations. These solutions include real estate acquisition, staffing, training, operations, and comprehensive support services such as billing, collections, human resources, legal services, marketing, and accounting.