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November 2004
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EHI November 2004; Volume 5, Number 11
SPECIAL REPORT: EDI Vendors...WebMD looks to corner EDI...ProxyMed slams EDI cost shift...Brailer funding cut...WebMD to spin-off web sites...Excerpt from ProxyMed call...Eclipsys names Donner SVP...eHealth, services stocks rise 2%...IDX to acquire PointDx...LabCorp. launches e-order entry...Empire broker ransactions soar...and more...
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WEBMD LOOKS TO CORNER EDI MARKET
WebMD (Elmwood Park, NJ) has made a dramatic move to corner the electronic data exchange market, adding Aetna and Cigna to the list of companies with which it has exclusive or preferred arrangements, EHI has learned.
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PROXYMED SLAMS EDI COST SHIFTING
Michael Hoover, chief executive of ProxyMed Inc. (Ft. Lauderdale, FL), said that healthcare insurers should continue pay the freight for electronic data interchange transactions, adding that any attempt to shift transmission costs to physicians and other providers “is simply a big mistake.”
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BRAILER FUNDING CUT; AHIMA “SHOCKED”
The American Health Information Management Assn. (Chicago) said it was “shocked and disappointed” that $50 million in funding for healthcare information technology demonstration projects was dropped from the 2005 federal budget.
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WEBMD TO SPIN-OFF 10% OF WEB SITES
WebMD (Elmwood Park, NJ) announced that it would sell about 10% of the equity in its WebMD Health web site and portal services operation through an initial public offering of common.
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EMPIRE BCBS GETS 150,000 ONLINE BROKER TRANSACTIONS
Empire Blue Cross Blue Shield, the primary operating unit of WellChoice (New York), reported that brokers have logged nearly 150,000 online transactions via the company’s Internet portal through first nine months of 2004.
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EXCERPT FROM PROXYMED CONFERENCE CALL TRANSCRIPT
The following except is from ProxyMed Inc.’s (Ft. Lauderdale, FL) transcript of the company’s third-quarter conference call with securities analysts, filed Nov. 9 with the Securities & Exchange Commission.
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LABCORP LAUNCHES ELECTRONIC ORDER ENTRY
IDX Systems Corp. (Burlington, VT) announced the acquisition of PointDx (Winston-Salem, NC) for $8 million in cash. PointDx offers information technology that helps electronically integrate the process of analyzing radiology images and creating reports.
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