HLTH (Healtheon) up, news today:
Thursday August 19, 8:01 am Eastern Time
Company Press Release
SOURCE: Healtheon Corporation
Healtheon and HealthPartners Connect to Improve Electronic Claims Processing
SANTA CLARA, Calif., Aug. 19 /PRNewswire/ -- Healtheon Corporation (Nasdaq: HLTH - news), a leading Internet healthcare services provider and e-commerce company for healthcare, and HealthPartners, one of Minnesota's largest not-for-profit health maintenance organizations, today announced an agreement for HealthPartners to use Healtheon(TM) Practice, an Internet-based service, to process medical claims and data electronically. This partnership will allow Minnesota providers to reduce errors and costs associated with paper-based claims.
As previously announced, Healtheon and WebMD agreed in May to merge to form Healtheon/WebMD, the first end-to-end provider of healthcare information and services.
The added efficiency and accuracy that computer-based processing affords will provide HealthPartners and health care providers with significant cost and timesavings. Healtheon currently processes 4.25 million transactions monthly for Minnesota physicians, healthcare providers, insurers and health-related businesses.
''HealthPartners has long been a leader in pursuing electronic connectivity. Our providers and hospitals have always appreciated our willingness to help them save time and money,'' said Scott Aebischer, HealthPartners' vice-president of Network Management.
''This is the first phase of our relationship, designed by Healtheon and HealthPartners to offer mission-critical administrative capabilities over the Internet. This regional focus on the Minnesota healthcare market, with its technical advances and extensive electronic relationships, is an example of Healtheon's vision and business strategy nationwide,'' said Steve Curd, chief operating officer for Healtheon.
About Healtheon
Healtheon, founded in 1996 and based in Santa Clara, Calif., is a pioneer in providing Internet-based, business-to-business and consumer-to-business electronic commerce services that link doctors and consumers with healthcare institutions, enabling them to efficiently and conveniently manage their business and personal healthcare needs. Healtheon's services simplify the business and clinical processes of healthcare, provide more timely access to information, provide faster and more convenient service, and lead to higher quality, more affordable care. The company recently announced definitive agreements to acquire MedE AMERICA Corp. and merge with WebMD, Inc. Healtheon can be reached through its Web site at healtheon.com.
About HealthPartners
HealthPartners is a nonprofit family of Minnesota health care organizations and plans focused on improving the health of its members and the community. HealthPartners is member-governed and provides health care services, insurance and HMO coverage to nearly 800,000 members. More than 9,000 employees staff the various HealthPartners organizations. The HealthPartners family includes the HealthPartners and Ramsey clinics, HealthPartners Medical Group, HealthPartners Dental Group, Regions Hospital, Regions Hospital Foundation, HealthPartners Research Foundation, HealthPartners Institute for Medical Education, Central Minnesota Group Health Plan, Group Health, Inc., HealthPartners Administrators and Midwest Assurance Company.
About WebMD
WebMD offers a comprehensive suite of Internet-based services and information for physicians as well as healthcare information services and online communities for consumers, enabling healthcare professionals to efficiently manage their business and consumers to become equal partners in taking care of their personal healthcare needs. WebMD can be reached through its Website at www.webmd.com. WebMD physician subscriptions are available by calling 877-GO-WEBMD or accessing the Web site at www.WebMD.com. Consumers can also access the information and services they need to take control of their health and lifestyles through a separate Web site at the same address.
About MedE AMERICA
Headquartered in East Meadow, NY, MedE AMERICA is a leading provider of healthcare transaction solutions to a broad range of providers and payers in the healthcare industry. The company offers an integrated suite of electronic transaction solutions that allows hospitals, pharmacies, physicians, dentists and other healthcare providers and provider groups to electronically edit, process and transmit claims, eligibility and enrollment data, track claims submissions throughout the claims payment process and obtain faster reimbursement for their services. With offices in New York, Ohio and Atlanta, MedE AMERICA has 450 employees and can be reached through its Web site at mede.com.
Other than historical information set forth herein, this announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the ability of Healtheon's services to decrease costs and improve patient care. Actual results could be materially different from those discussed in this announcement. Factors that could cause actual results to differ include, among others: Healtheon's limited operating history, continued growth in the use of the Internet, and acceptance of the Internet as a secure medium over which to conduct transactions. Additional risks associated with Healtheon's business can be found in its recent Registration Statement on Form S-4 and other periodic filings with the SEC.
SOURCE: Healtheon Corporation |
