Health care industry
The merger of The Hillhaven Corporation with Vencor, Inc. has been completed, marking a significant milestone for Vencor. W. Bruce Lunsford, Chairman, Chief Executive Officer, and President of Vencor, announced the completion of the merger, which will result in Vencor having a total of approximately 73 million common shares outstanding
Health care industry
Medicus Systems Corp., a leading provider of information solutions for healthcare organizations, has announced a significant partnership with VHA Inc., a performance improvement company serving over 1,200 healthcare organizations nationwide. Through this agreement, Medicus will distribute its Resource Case Management Systems (RCM) software to VHA member healthcare organizations, leveraging
Health care industry
Genesis Health Ventures, a pioneering company in geriatric healthcare, has collaborated with Health Data Sciences to develop a groundbreaking network-wide healthcare management system. The HDS ULTICARE system will enable Genesis to provide coordinated, cost-effective care to its patients, incorporating features such as real-time customer information and care management. This strategic
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
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'
