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January 2005
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EHI January 2005; Volume 6, Number 1
E-prescribing to see gains...NDCHealth eyes sale...QCSI to buy MyHealthBank...RealMed tops 12 million claims...Quovadx sells MCO assets...WebMD eyes 28%+ ’05 net gain...Ramp raises $4 million...Trizetto sees 53%+ EPS gain...eHealth services stocks rise 3%...Kaiser enjoys EMR savings...Horizon has 70% e-claims rate...Health Net cranks up IT project...BCN targets 70% e-claims rate...and more...
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E-PRESCRIBING TO SEE GAINS, CMS SAYS
The number of physicians using electronic prescribing technology is expected to increase about 10% annually over the next five years as a result of the adoption of e-prescribing standards, according to the Centers for Medicare & Medicaid Services (Washington).
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NDCHEALTH EYES SALE; TO RETAIN BANK
NDCHealth (Atlanta) said it would retain an investment bank to evaluate strategic options, including the potential sale of the company. NDCHealth shares closed at $15.81 on Jan. 11, the day of the announcement, indicating a market cap of nearly $570 million.
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QCSI TO ACQUIRE MYHEALTHBANK
MyHealthBank (Portland, OR) has reached its final iteration, agreeing to be acquired by managed care administration software provider Quality Care Solutions (Phoenix, AZ).
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KAISER EMR CUTS 5-7% OF REPEAT OFFICE VISITS
Kaiser Permanente (Oakland, CA) is finding that the rollout of its electronic medical record is resulting in an immediate 5% to 7% reduction in unnecessary repeat physician office visits, according to George Halvorson, chief executive.
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HORIZON BCBS HAS 70% PROVIDER E-CLAIMS RATE
Horizon Blue Cross Blue Shield of New Jersey (Newark, NJ) is receiving about 70% of hospital and physician claims electronically, according to William Marino, chief executive.
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REALMED GENERATES 12MM CLAIMS IN 2004—85-90% DIRECT
Of the 12 million physician claims submitted to health plans through RealMed (Indianapolis) in 2004, about 85% to 90% were through the company’s direct online connections, according to Chet Burrell, chief executive.
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BLUE CARE NETWORK TARGETS 70% E-CLAIMS RATE
Blue Care Network, the HMO unit of Blue Cross Blue Shield of Michigan (Detroit), is currently receiving more than 60% of provider claims submissions electronically; however, the company hopes to get the number up to 70%, according to Kevin Seitz, chief executive.
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TRIZETTO EXPECTS ’05 EARNINGS TO RISE 53-167%
Trizetto Group (Newport Beach, CA) expects 2005 earnings per share to rise 53% to 167% to between $0.26 and $0.32 ($11.7 million to $14.4 million based on 45 million diluted shares).
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