from The Tennessean, September 24, 2002

CIMplify learns from mistakes made by PhyCor

by Bill Lewis

CIMplify is determined to find success where another Nashville-area physician practice management company, PhyCor, found failure.

PhyCor’s financial troubles, which resulted in a voluntary Chapter 11 bankruptcy reorganization last February, was the “death knell” for the PPM industry, said CIMplify President and Chief Executive Officer Stryker Warren Jr.

CIMplify learned from PhyCor's mistakes, he said. Most important, CIMplify doesn't buy practices from physicians, a practice that led to PhyCor's demise when it found prices skyrocketing and profits going down.

“The currency of the company is information,” said Warren.

CIMplify provides practice management software, electronic medical records and other services for physician practices. The company, which has 350 employees, has staffers present at physician practices in South Carolina, Georgia, Alabama, Mississippi and Tennessee.

CIMplify also provides services to physician practices in California, Arizona, Ohio, Illinois and Florida but does not have employees present at those locations.

A subsidiary, UroTech Inc., leases medical equipment to urologists. Another subsidiary, Pegasus, markets a lithotripsy machine.