HealthSouth Selects Physmark's MEDICOMP Software to Manage Risk Contracts

Strategic Insights -

HealthSouth Network Services, a subsidiary of HEALTHSOUTH Corp., has chosen Physmark Inc.'s Oracle-based MEDICOMP software to manage its risk contracts. With 2 million covered lives, HealthSouth needs to efficiently manage physical, occupational, and speech therapy services under capitated and fee-for-service arrangements. MEDICOMP's dynamic analysis of costs against budgets and identification of reasons for cost over-runs are critical to successful risk contract management. HealthSouth aims to keep employees healthy and costs down, offering services that reduce medical and administrative costs for workers' comp, group health, and disability benefits.

Key Takeaways:

  • HealthSouth Network Services manages physical, occupational, and speech therapy services under capitated and fee-for-service arrangements for 2 million covered lives.
  • MEDICOMP's power to perform dynamic analysis of costs against budgets and identify reasons for cost over-runs is crucial for successful risk contract management.
  • HealthSouth aims to reduce medical and administrative costs for workers' comp, group health, and disability benefits through various services.
  • Physmark's MEDICOMP software is built using Oracle Developer, a productive development for building enterprise-class internet database applications.
  • MEDICOMP is fully web-enabled, available on secure internet and intranets, and "portable" on over 85 different hardware platforms and operating environments.
  • Sun Microsystems' reliable multiprocessing servers and scaleable Solaris operating environment are preferred by enterprise and power users of MEDICOMP.
  • Physmark Inc. is a leading provider of information systems for more than 150 provider-based integrated delivery networks (IDNs), such as Physician Hospital Organizations (PHOs) and Management Service organizations (MSOs).

Statistics:

  • HealthSouth Network Services manages 2 million covered lives.
  • Physmark's MEDICOMP software is Y2K compliant and available on more than 85 different hardware platforms and operating environments.
  • HealthSouth has signed 4,200 contracts covering 168 million lives.
  • HealthSouth treats more than 100,000 patients a day.
  • Physmark's MEDICOMP software is the exclusive managed software endorsed by VHA Inc. for managing IDNs.

Sources:

  • "HealthSouth Network Services Selects Physmark's MEDICOMP Software" - Dallas, May 19, 1999
  • http://www.physmark.com
  • HealthcareIndustry publications (exact dates and sources unknown but cited in the original text)