Health care industry
A study by Price Waterhouse found that an increase in Medicare Risk HMO membership would result in significant cost savings for the Medicare program. The study showed that each 10 percentage point increase in people getting care in Medicare Risk HMOs was associated with a 7.6 percent reduction in
Health care industry
Philadelphia Health Associates, a leading medical group practice, has selected Omnia Inc. to provide professional obstetric and gynecological services to its 29,000 patients. This partnership marks a significant milestone in the delivery of high-quality women's health services in the region. Omnia's network of board-certified and
Health care industry
Zenith Insurance Co., U.S. Healthcare, and UNUM Life Insurance Company of America are joining forces to launch a fully integrated managed health care, workers' compensation, and disability products company. This strategic alliance aims to provide innovative products that maximize benefits to employers and employees while minimizing costs. The
Health care industry
Counsel Corporation, a leading diversified company in the healthcare and real estate sectors, announced a substantial increase in earnings for the six months ended June 30, 1995. Net earnings for the period rose 243 percent to $21.9 million, up from $6.4 million in the same period of 1994.
Health care industry
Tokos Medical Corporation, a leading provider of obstetrical homecare services, has been selected as the preferred perinatal provider of risk screening and patient education services for CIGNA HealthCare. This partnership aims to provide high-quality care to CIGNA HealthCare's members, focusing on achieving healthier birth outcomes. The services will
Health care industry
Healthcare America, a healthcare management company, has discontinued discussions with Liberty Capital Partners and its senior secured lenders to sell its behavioral health hospitals and related assets. Despite this, the company has reported a loss of $2.5 million or $0.22 per share for the second quarter ended June
Health care industry
The Wendt-Bristol Health Services Corporation reported a significant increase in earnings in the second quarter and six months of 1995 compared to the same periods in 1994. The company's 1995 second quarter produced a pre-tax income of $139,200 and net income of $94,200, while the six
Health care industry
The Everett Clinic and Wenatchee Valley Clinic in Washington State have partnered to create a new Information Services Organization (ISO), with CliniTech Information Resources signing a contract to install the CyCare System 3000 (CS3000) practice management information system. This move will facilitate resource sharing between the two clinics, enabling 225-plus
Health care industry
The American Stock Exchange (AMEX) announced that it will begin listing options on three new over-the-counter stocks, including Acxiom Corporation, Clearnet Communications Inc., and Living Centers of America, Inc. The new options will start trading on August 9, 1995. These listings mark the AMEX's expansion into new markets
Health care industry
TheraTx, Incorporated announced record revenues and earnings for the second quarter and six months ended June 30, 1995. The company's net revenues for the quarter exceeded $72.3 million, representing a 163% increase over the $27.4 million reported for the same quarter in 1994. Earnings before merger-related
Health care industry
Value Health, Inc. has announced the sale of its subsidiary Lewin-VHI, a renowned healthcare policy, research, and management consulting firm, following a strategic review that concluded the sale reflects the conclusion of a mutually agreed upon decision. The sale comes amidst alleged conflict of interest problems with Value Health'
Health care industry
The Children's Hospital of Philadelphia has implemented a cutting-edge, enterprise-wide healthcare information network, powered by Bay Networks' high-performance networking equipment and system integration services. This advanced network infrastructure facilitates seamless communication and collaboration among healthcare professionals, ensuring the delivery of high-quality patient care. By leveraging Bay Networks&
