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April 2004
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EHI April 2004; Volume 5, Number 4
Health Net delays IS effort...WellPoint picks Allscripts, Zix...WellPoint priming e-script pump...1Q eHealth, IS losses fall...
Blue Shield-CA offers Benetrac...Aetna taps IBM for upgrade...BCBS-VT signs with Choicelinx...Harvard taps Duck Creek...Zix posts $10.7 1Q04 loss...Trizetto loss higher than expected...WebMD posts 1Q04 net...Chart: 1Q04 eHealth financials...People: Thiere; Adrean...WebMD buys Dakota Imaging...eHealth, info services stocks fall...and more...
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HEALTH NET DELAYS IS CONSOLIDATION
In the wake of an earnings shortfall and rising costs, Health Net (Woodland Hills, CA) said it would postpone completion of its information systems consolidation project until the first quarter of 2005.
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WELLPOINT PICKS ALLSCRIPTS, ZIX
WellPoint Health Networks (Thousand Oaks, CA) will offer physicians a choice of e-prescribing software from Allscripts Healthcare Solutions (Libertyville, IL) and Zix Corp. (Dallas) as part of a $40 million initiative to supply 19,000 network physicians with online technology (EHI, January 2004).
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WELLPOINT PRIMING PUMP ON eSCRIPTS
In distributing $40 million worth of hardware and software to 19,000 network physicians (EHI, January), WellPoint Health Networks (Thousand Oaks, CA) is looking to “prime the pump” for electronic prescribing, said Ron Ponder, chief information officer.
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eHEALTH, IS FIRMS TRIM 1Q04 LOSSES
eHealth and information services companies reported a net loss of $35.141 million on revenues of $948.58 million in the first quarter of 2004, compared to a net loss of $59.604 million on revenues of $814.304 million the same period a year earlier, according to an EHI tally of 19 companies reporting to date.
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ZIX POSTS $10.7 MILLION 1Q04 NET LOSS
Zix Corp. (San Diego) is finding out what dozens of other companies have learned in the past: selling e-prescribing services to physicians is no easy task.
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TRIZETTO 1Q04 LOSS HIGHER-THAN-EXPECTED, STOCK DIVES
Trizetto Group (Newport Beach, CA) saw its stock price fall 13% to $6.93 per share on April 20, the day after the company announced that its net loss for the first quarter of 2004 would be higher than expected.
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WEBMD POSTS $5.7 MILLION IN 1Q04 NET INCOME
WebMD (Elmwood Park, NJ) reported net income of $5.701 million on revenues of $271.214 million in the first quarter of 2004, compared to a net loss of $7.358 million on revenues of $221.531 million the same period a year earlier.
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PEOPLE: THIERER; ADREAN
Allscripts Healthcare Networks (Libertyville, IL) has named Mark Thierer president of the company’s Physicians Interactive business unit, which delivers information about pharmaceuticals to physicians.
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WEBMD COMPLETES DAKOTA IMAGING ACQUISITION
WebMD (Elmwood Park, NJ) has completed the acquisition of Dakota Imaging (Columbia, MD) for $40 million upfront and $25 over three years if certain performance goals are reached (EHI, March 21).
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