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March 2004
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EHI March 2004; Volume 5, Number 3
Is Quovadx on the block?...BCBS-TN to pay for web visits...’03 eHealth stocks double...Harvard Pilgrim direct connects...Blue Shield-CA offers Benetrac...Aetna taps IBM for upgrade...BCBS-VT signs with Choicelinx...Harvard taps Duck Creek...ProxyMed warrants exercised...In brief: CDPHP; NDC...WebMD to acquire Dakota...eDiets stock plummets...Claimsnet trims loss...People: Miller; Albers...Chart: ’03 eHealth stock returns...and more...
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PROXYMED EXTENDS DATE OF 10-K FILING
ProxyMed Inc. (Atlanta) said it will file its annual Form 10-K with the Securities & Exchange Commission on or before March 30, allowing the company to incorporate information about PlanVista, which it acquired on March 2 (EHI, November 2004).
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ADAM RENEWS MEDLINE ACCOUNT
Adam Inc. (Atlanta) said that it has renewed an account to provide healthcare information to the National Library of Medicine’s Medline Plus web site for the fourth straight year. The National Library of Medicine is operated by a unit of the U.S. Dept. of Health and Human Services.
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COMMUNITY HEALTH PLAN UPGRADES TRIZETTO SYSTEM
Community Health Plan, the HMO operation of Heartland Health (St. Joseph, MO), will install an upgraded version of Trizetto Group’s Facets back-office administrative system, which includes electronic technology to help manage health reimbursement accounts. Community is an existing Trizetto client.
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IS QUOVADX ON THE SALE BLOCK?
Beleaguered Quovadx Inc. (Englewood, CO) will initiate a search for a new leadership team after ousting chief executive Lorine Sweeney and chief financial officer Gary Scherping.
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BCBS-TN TO PAY DOCS FOR ONLINE VISITS
Blue Cross Blue Shield of Tennessee (Chattanooga, TN) will pay physicians for completing online office visits with certain patients over the next 12 months as part of the company’s broader program to compensate doctors for non-traditional services, including telephone consultations and group visits.
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’03 eHEALTH, IS STOCKS DOUBLE
eHealth and information services stocks delivered a total return of 108% in 2003, according to an EHI tally of 23 leading issues.
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HARVARD EXPANDS DIRECT DOC CONNECT
Harvard Pilgrim (Wellesley, MA) will offer physicians using practice management, claims and revenue cycle management software from AthenaHealth (Waltham, MA) the ability to direct connect to the health plan for eligibility verification, claims status,remittance advice and other HIPAA transactions.
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BLUE SHIELD-CA OFFERS BENETRAC ONLINE ENROLLMENT
Blue Shield of California (San Francisco) is offering employer groups with 51 to 1000 employees the opportunity to use web-based enrollment services from BeneTrac (San Diego, CA) at no extra charge.
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AETNA TAPS IBM FOR 5-YEAR SYSTEM UPGRADE INITIATIVE
Aetna Inc. (Hartford, CT) will utilize consulting and information technology services from a team of 300 IBM Corp. professionals over a five-year period to revamp legacy systems and integrate new technologies to support business processes, product development and customer service.
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IN BRIEF: CDPHP; NDCHEALTH
Capital District Physicians Health Plan (Albany, NY) said it has completed construction of a data warehouse of provider and member data, which it will use to identify at-risk groups, create customized disease management programs, and better predict costs for large member populations
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WEBMD TO ACQUIRE DAKOTA IMAGING
WebMD (Elmwood Park, NJ) has agreed to acquire Dakota Imaging (Columbia, MD) for $65 million in cash, including $40 million upfront and $25 million over three years if certain performance goals are reached.
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eDIETS STOCK PLUMMETS ON BIGGER-THEN-EXPECTED LOSS
eDiets (Deerfield Beach, FL) saw its stock price drop 24% to $5.34 on April 6 after the company announced that first-quarter 2004 net loss would be wider than expected while earnings would fall short of expectations.
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PEOPLE: MILLER; ALBERS
NDCHealth Corp. (Atlanta) has named Charles Miller president, reporting to Walter Hoff chairman and chief executive.
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