To: bob who wrote (14957 ) 3/29/2001 1:07:43 PM From: Captain Jack Read Replies (1) | Respond to of 15094 Anyone see Dave F comment on ORCL or now this? Didn't think so--- Pfizer, IBM, Microsoft plan info venture By Stephanie O'Brien, CBS.MarketWatch.com Last Update: 12:52 PM ET Mar 29, 2001 NEW YORK (CBS.MW) -- Pfizer, Microsoft and IBM said Thursday they would join forces to sell doctors software and services designed to reduce the health-care industry's administrative workload. A new company would be created to develop products that integrate and simplify clinical, financial and administrative tasks, the partners said. With the new services, doctors and other health-care providers would have access to information including medical histories, insurance, lab results and billing arrangements. The partners said all information would be transmitted securely and that patient privacy will be protected. The new company, which has yet to be named, would focus on the needs of office-based doctors, particularly those in smaller groups, which represent 70 percent of U.S. doctors, according to the three companies. Analyst John Souter at SG Cowen said that while the new company is "a potentially powerful combination," it will be some time before doctors widely adopt its products and services. "Besides having no CEO, product or sales force, (it) must overcome physician fear of purchasing software from a drug company," Souter said in a note to clients. The partners' ambitions mirror those of WebMD (HLTH: news, msgs, alerts) , the former Healtheon, which has been attempting in the past couple of years to simplify medical billing, records and other patient information by putting it online. WebMD has had difficulty achieving critical mass, in part, because of fragmentation in the health-care market and concerns about security, some analysts say. Doctors have also been charged with being slow to adopt new technology.