Envoy Corp., Nashville, Tenn., recently completed its acquisition of Secaucus, N.J.-based National Electronic Information Corp., one of the nation's largest processors and clearinghouses for electronic health care transactions.
The stockholders of NEIC received an aggregate of $86.2 million in cash for the common stock of NEIC.
Prior to its acquisition by Envoy, NEIC was a privately-held corporation owned by a limited number of shareholders, including some of the country's largest health insurers.
In another development, NEIC said it has launched its new Home Page on the World Wide Web.
The service will offer Internet subscribers a resource to keep up to date with health care electronic data interchange.
The NEIC Home Page, which can be found at www.neic.com, will provide NEIC Network participants the ability to download current and updated lists of payers accepting claims electronically through NEIC and its all-payer service center whenever they need it.
Mail Order Pharmacy Equipment
Assets From Value Health
PCS Health Systems To Acquire
PCS Health Systems Inc., Avon, Conn., a wholly-owned subsidiary of Eli Lilly and Co., and Value Health have signed an agreement for PCS to acquire certain assets of Value Health's Davenport, Iowa mail order pharmacy facility. The terms of the transaction were not disclosed.
Value Health said the facility would be closed by March 31 as part of a corporate-wide restructuring following its recent acquisition of Diagnostek, Inc.
PCS will acquire certain equipment and the computer operating subsidiary from the facility, which had been operated by Value Health's ValueRx subsidiary.
ValueRx will retain its customers for whom the Davenport mail order facility is now providing service. Those customers will be serviced by other ValueRx mail order facilities after the Davenport facility closes.
Maintenance Organization Grows
By 26%, Or 400,000 New Members
Prudential HealthCare Group recently reported that its dental maintenance organization grew by 26 percent from 1995 to 1996, with an additional 400,000 new members. The plan now has a total of more than 2 million in-network members.
Prudential says DMO membership has nearly doubled since 1992.
Pru's DMO is available in 46 states; its local provider networks include more than 6,000 general dentists and 3,000 specialty dentists.
A new study by William M. Mercer, a New York consulting firm, found that nearly 40 percent of companies with dental plans now offer a managed care option.
Nearly half of the surveyed companies that rely on traditional employee dental plans expect to enroll in managed dental plans in the next two years.
Network And HealthCare Data Info.
Corp. To Combine Network Efforts
California Health Information
The California Health Information Network and HealthCare Data Information Corp. recently announced the union of the two organizations' health information networks.
The CHIN was established in early 1993 when four of California's leading managed care plans--Health Net, FHP, Blue Shield of California and PruCare of California--joined together to reduce administrative costs and improve service to their members.
The HDIC was established later by Los Angeles-based National Health Foundation for the sole purpose of improving health care information processing for the benefit of Californians.
PracticeMatch, St. Louis-Based
Physician Profiling Firms
Medirisk, Inc. Acquires
Medirisk. Inc., a privately-held, Atlanta-based provider of healthcare information, has acquired PracticeMatch, a St. Louis-based physician profiling firm.
The acquisition was structured as a cash purchase of 100 percent of the outstanding capital stock of PracticeMatch, which is now a wholly-owned subsidiary of Medirisk.
PracticeMatch offers an on-line, real-time physician information database; it has more than 700 hospital, clinic, group practice and health maintenance organization clients nationwide.
PracticeMatch was recently chosen by the American Medical Association as an exclusive licensee to share and enhance portions of the AMA's physician relocation database.
Form Integrated Health System Called Paragon Health System
Anthem, Group Health Associates
Anthem Blue Cross and Blue Shield--a large health care benefits company in the Cincinnati area--and Group Health Associates, a multispecialty physician group, recently launched a new integrated health system called Paragon Health System.
The terms of the agreement were not disclosed.
Paragon will initially employ approximately 220 people and will manage health care delivery for members in each of Anthem Blue Cross and Blue Shield's health care plans in Southwest Ohio.
Reproduced from National Underwriter Life & Health/Financial Services Edition, April, 1 1996.
Copyright (C) 1996 by The National Underwriter Company in the serial publication.
All rights reserved.
Copyright in this article as an independent work may be held by the author.