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January 2006
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eHealth Insider January 2006; Volume 7, Number 1
Fraud can lurk behind automation...Case study: BPM enables a billing
firm to automate workflow...GE completes acquisition of IDX...Per-Se names Perkins COO; completes NDC acquisition...Sierra to put $1 MM in e-script effort in 2006...Zix pays down another $5 MM in debt...Zix signs up 1,000 docs for Aetna e-script pilot...and more...
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FRAUD CAN LURK BEHIND AUTOMATION
When it comes to claims processing, the managed care industry tends to focus on increasing auto-adjudication rates and moving to real-time technology, but the experts warn to balance these initiatives with a focus on the possibility of fraud and abuse.
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GE COMPLETES ACQUISITION OF IDX
GE Healthcare (Barrington, IL) has completed the acquisition of IDX Systems Corp. for $1.2 billion in cash. GE Healthcare is a unit of General Electric Co.
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SIERRA TO PUT $1 MM IN E-SCRIPT EFFORT IN 2006
Sierra Health Services (Las Vegas, NV) will commit $1 million in 2006 to fund the rollout of e-prescription technology from Allscripts (Chicago) to physicians in Nevada who aren’t affiliated with the company’s owned practice, according to Anthony Marlon,
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HHS LAUNCHES $6 MILLION E-SCRIPT PILOT
The U.S. Dept. of Health & Humana Services has announced the launch of a $6 million e-prescribing pilot program aimed at creating “a robust system of electronic transmission of prescription information for the new Medicare Part D prescription drug program.”
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PER-SE NAMES PERKINS COO; COMPLETES NDC DEAL
Per-Se Technologies (Alpharetta, GA) said it has promoted Chris Perkins to the newly created position of chief operating officer following the completion of its acquisition of NDCHealth (Aug. 21, 2005).
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ZIX PAYS DOWN ANOTHER $5 MM IN DEBT
Zix Corp. (Dallas) announced that it has paid down another $5 million in debt (plus $300,000 in premiums and accrued interest) and has issued a warrant allowing the holder of the convertible notes to acquire 650,558 shares of common stock at $5.38 per share. The company has redeemed a total of $15 million in convertible notes (EHI E-Mail Update, Dec. 26, 2005), leaving another $5 million outstanding.
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ZIX SIGNS UP 1000 DOCS FOR AETNA E-SCRIPT PILOT
Zix Corp. (Dallas) reported that it has signed up 1000 physicians for an e-prescribing pilot program sponsored by Aetna Inc. (Hartford, CT), with the deployment of technology to be completed by the end of the first quarter of 2006.
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