Healthcare IT News - November 2007 - (Page 40)

40 Healthcare IT News ■ November 2007 vENdoRS www.HealthcareITNews.com Express Scripts adds market clout with acquisition By ErIC WICkluNd, Managing Editor Pharmacy benefit manager Express Scripts executives are looking to better connect their customers with health plans. They say ConnectYourCare, LLC will do the trick. St. Louis-based Express Scripts last month purchased ConnectYourCare from Revolution Health for an undisclosed amount. ConnectYourCare bills itself as one of the nation’s leading consumer-directed health plan account administrator. “ConnectYourCare’s award-winning account administration platform and seaST. LOUIS – soned CDHP experts are an exciting addition to Express Scripts, strengthening our ability to enable better health and value at the consumer level,” said George Paz, Express Scripts’ chief executive officer. “With the number of FSAs (flexible spending accounts), HRAs (health reimbursement accounts) and HSAs (health savings accounts) expected to grow tremendously, we believe ConnectYourCare is uniquely positioned to take advantage of that growth within our PBM book of business and the broader market as a whole.” Baltimore-based ConnectYourCare fea- tures an account administration platform built specifically to administer health accounts, including HSAs, HRAs, FSAs and dependent care and retiree medical reimbursement accounts. Its products feature enrollment and account funding, multiple accounts combined on one debit card, investment options, Web-based consumer support and wellness tools and customer service. The company will operate as a stand-alone unit serving the CDHP market. ■ More at HealthcareITNews.com e Connect: CDHP 1107 prEvENTIvE Continued from page 37 ● Patient record labeling with SLP-SRL Smart healthcare and SmartLabels. X-ray labeling with SLP-FN or SLP-FW ID badges using high-density symbology with SLP-NB or SLP-NR Specimen, X-ray or unit dose labeling, claims coding, personnel and visitor security badges, patient privacy or medical records tracking. When the demands of healthcare management and HIPAA compliance require labeling, the Smart Label Printer® from Seiko Instruments has the answer. Easily create custom labels with 1-D and 2-D bar coding, such as FDA recognized Codabar, Code 128, highly secure PDF417 or Data Matrix using our bundled Smart Label software. Simply plug the SLP into your PC or Mac ®, via the built-in USB or Serial port, and print labels quickly, as fast as one label per second, in clear, legible, machine-scannable 300 dpi. The SLP is ideal for healthcare with no ink, noise or hassle thanks to our clean and quiet thermal printing technology. Choose from three great SLP models and our expanding line of SmartLabels™ See all the Smart Label Printer products at . www.siibusinessproducts.com or at our authorized resellers. Prescription labeling with moisture and smear resistant SLP-TRL or SLP-TMRL employers, health plans, self insured organizations, third party administration organizations, integrated delivery organizations, physician practices and others to provide services for complex diseases that include asthma, diabetes, coronary artery disease, chronic obstructive pulmonary disease, HIV/AIDS, hypertension, heart failure, obesity, depression and schizophrenia. U.S. Preventive Medicine, formed several years ago, made public its plan earlier this year to provide a “consistent suite of services” to hospitals and healthcare providers that emphasizes a prevention-based approach to healthcare. It launched a program to enroll physicians, health systems, academic medical centers, government agencies and employers in its “U.S. Prevention Network,” which provides branded clinical content and services to members through “Centers for Preventive Medicine.” The Oct. 1 announcement of the acquisition of Specialty Disease Management Services fits neatly into that program. “We believe that current outcomes can be enhanced through the implementation of clinically proven preventive and care management solutions. Specialty Disease Management has developed a unique model for disease management that complements U.S. Preventive Medicine’s prevention delivery capabilities,” said Brian Baum, President and COO of U.S. Preventive Medicine, in a press release. Specialty Disease Management Services’ business model incorporates clinical staff working with patients and their physicians over the phone and in the community. Programs include patient and physician education, individualized care plans, clinical data gathering and analysis and outcomes reporting. “Specialty Disease Management has proven that it can reduce health expenditures and improve clinical outcomes for people with chronic diseases – our intent is to cover the full spectrum of care management,” said Fred Goldstein, founder, president and CEO of Specialty Disease Management, in a press release. “With the national brand presence of U.S. Preventive Medicine, we can expand the scope and value of our services to a larger percent of the U.S. and international populations.” The Milken Institute study, “An Unhealthy America: The Economic Burden of Chronic Disease,” indicates that seven chronic diseases – cancer, diabetes, hypertension, stroke, heart disease, pulmonary conditions and mental illness – have a total impact on the economy of $1.3 trillion annually. Of that amount, the report said, about $1.1 trillion represents the cost of lost productivity. “By investing in good health, we can add billions of dollars in economic growth in the coming decades,” said Ross DeVol, director of health economics and regional economics at the Milken Institute and principal author of the report. “The good news is that with moderate improvements in prevention and early intervention such as reducing the rate of obesity, the savings to the economy would be enormous.” Exactly what the folks at U.S. Preventive Medicine and Specialty Disease Management Services are thinking. ■ More at HealthcareITNews.com e Connect: PreVeNtiVe 1107 © 2007 Seiko Instruments USA Inc. All rights reserved. “Smart Label Printer” is a registered trademark and “SmartLabels” is a trademark of Seiko Instruments USA Inc. “SII” and “SII” logo are registered trademarks of Seiko Instruments USA Inc. All other brands and trademarks are the property of their respective companies. ● e ● Connect: SeiKo 1107 SeikoHITNewsMarAd.indd 1 2/16/07 5:09:43 PM http://www.HealthcareITNews.com http://www.HealthcareITNews.com http://www.healthcareitnews.com/story.cms?id=8064 http://www.siibusinessproducts.com http://www.HealthcareITNews.com http://www.healthcareitnews.com/story.cms?id=8059 http://www.healthcareitnews.com/eConnect.cms?id=8102

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Healthcare IT News - November 2007 Contents Blueprint Trial Exchange Clooney Letters Palm Reading Dispensing Meds Google Schmidt More with Less Nuance Spree Bridging the Miles Managing It All

Healthcare IT News - November 2007

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