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eHealth Insider

eHealth and Information Services

eHEALTH, INFO SERVICES STOCKS DOWN 2% IN 2 WEEKS
eHealth and information services stocks rose 2% in the two weeks ended Jan. 21, according to a tally of 24 issues tracked by EHI.

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).

RAMP PLACES $4 MILLION IN CONVERTIBLE DEBT
Ramp Corp. (New York) raised $4 million in a private placement of 8% convertible redeemable debentures that are convertible to common stock at $2.40 per share.

WEBMD EYES 28-54% GAIN IN ’05 NET; STAMPIGLIA OUT
WebMD (Elmwood Park, NJ) said it expects 2005 net income of $51 million to $61 million ($0.15 to $0.18 per share), an increase of 28% to 54% from projected full-year 2004 figures.

QUOVADX SELLS MANAGED CARE ASSETS TO ROYAL
Quovadx Inc. (Englewood, CO) has sold its Managed Care Transaction Manager system and related assets to New York-based MSO Royal Health Care for $1.9 million in cash.

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.

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).

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.

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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