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   Biotech / MedicalWebMD Health Corp


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To: i-node who wrote (318)11/13/2001 12:19:29 AM
From: tech101
   of 326
 
Hi, David,

I believe that many people on this board would appreciate your elaborating on the HIPAA issues with the "insider's" point of view.

YZ

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To: tech101 who wrote (319)12/6/2001 11:39:17 AM
From: tech101
   of 326
 
Doctors Are Now Online in Force

Wednesday December 5, 8:02 am Eastern Time
Press Release

SOURCE: The Boston Consulting Group

Doctors Are Now Online in Force -- and Their Medical Decisions Are Influenced by the Information They Find There.

Doctors Who Search for Info Online or Use Online Tools for Patient Care Find that the Internet Enhances their Knowledge, Efficiency, and Quality of Care, According to BCG
BOSTON.


Dec. 5 /PRNewswire/ -- The Internet is already changing the physician behaviors that health care players seek to influence. Today, the vast majority of doctors use the Internet as a tool for enriching their medical knowledge, and the medical information these doctors are finding on the Internet is influencing -- in many cases significantly -- the types of diagnoses they are making and the kinds of medications they are prescribing. These unexpected findings are the result of interviews with more than 400 U.S. physicians, conducted as part of Doctors Say E-Health Delivers, the recent study on e-health by The Boston Consulting Group (BCG). The proprietary study was designed and conducted jointly with Harris Interactive.

Doctors Say E-Health Delivers also finds that about one-third of doctors are adopting or planning to adopt Internet technologies that enhance the care they deliver to patients.

The doctors who have already adopted electronic medical records, electronic prescribing, online communication with patients, and remote disease monitoring say that these online patient-care tools have boosted their efficiency and the quality of care.

And the remaining doctors are planning to adopt these tools in the future at relatively aggressive rates -- from about 10 percent to 20 percent depending on the tool -- greatly bolstering the e-health channel in the next year and a half.

Doctors Say E-Health Delivers explores physicians' use of e-health tools and examines the sector-specific implications for pharmaceutical companies, managed care organizations, and health-care-delivery systems. Its findings indicate that e-health is poised to quietly transform the economics of health care as well as the methods used to influence decision-makers in the industry. In such an environment, e-health strategies, which have failed Internet startups, could prove integral to the success of incumbent health care players.

Finding Medical Information Online

``Many industry experts expected that -- at best -- the Internet would prove a diversion for doctors who had light clinical practices or a serious interest in computers. But our interviews indicate that 89 percent of physicians use the Internet and that virtually all of these doctors have migrated some of their medical knowledge-enrichment activities online. Fully 90 percent of doctors online research clinical information on the Internet,'' says Carina von Knoop, a BCG vice president and co-leader of the firm's e- health initiative.

``Also significant is our finding that the busiest clinicians are most likely to turn to the Web to enrich their professional knowledge,'' Ms. von Knoop continues. ``These are the doctors who spend more time with patients and who therefore have more opportunities to diagnose conditions, manage patient care, select treatments, and write prescriptions. Quite simply, they are the very doctors that health care organizations target as they seek to influence the delivery of health care.''

These and other findings from the study have significant implications for health care players, explains Ms. von Knoop. ``The pharmaceutical industry in the U.S. alone spent $13 billion last year to reach doctors, but spent only 1 percent of this amount on Internet channels. These same companies continue to rely on drug reps as the preferred medium for physician education, but the average doctor spends less than one hour a week with reps-compared to about three hours a week seeking medical information online. This disparity suggests that companies that don't reallocate some of their marketing investments may soon find themselves underinvesting in a highly promising new channel.''

The study also found that the vast majority of doctors who visit health- related Web sites -- ranging from 70 percent to 90 percent depending on the survey question -- report that the information they find online has an impact on medical decisions about diagnoses and treatment. Roughly one-third of these same doctors report that the information they find on the Internet has a major impact on the way they interact with patients; around 20 percent say that it has a major impact on their knowledge of symptoms and diagnoses, as well as on the way they interact with patients; and 13 percent said that it has a major impact on the drugs they prescribe. These doctors may well represent the first wave of e-health practitioners.

``Clearly, in an environment of increased financial and competitive pressures, pharmaceutical companies, managed care organizations, and health- care-delivery systems cannot afford to ignore the potential advantages that online knowledge-enrichment tools offer,'' says Ms. von Knoop. ``Yet these advantages will not accrue to incumbents that continue to relegate e-health to small-scale experiments at the periphery of the businesses.''

Health care companies that seek to tap into the power of online knowledge enrichment will find their task made simpler by the fact that, unlike patients, physicians are easy to find online. More than two-thirds of physicians surveyed behave like online consumers, returning regularly to between two and five sites. Doctors who visit at least one site regularly named WebMD, Medscape, and Physicians' Online as their top three destinations.

``But although it is relatively easy to find doctors online,'' cautions Ms. von Knoop, ``it will be challenging for health care organizations to market to them. It is important to remember that the sites to which doctors return most frequently place strict limits on sponsorship and content. Therefore, health care organizations will need to focus on devising unique and customized ways to get their messages to doctors.''

Using Online Tools for Patient Care

While not yet as popular as knowledge-enrichment tools, electronic tools that help physicians with their daily patient care promise to deliver additional value because they get to the heart of the health care delivery. The tools that offer the greatest potential to both doctors and incumbents are electronic medical records, electronic prescribing, online communication with patients, and remote disease monitoring. About one-third of the doctors in the BCG survey now use or plan to use at least one of the first three tools, and a smaller percentage plan to adopt remote disease monitoring.

Already 26 percent of physicians surveyed are communicating with patients over the Internet, and 22 percent are relying on electronic medical records to store and track information about their patients. On a smaller scale, 11 percent of doctors are prescribing drugs electronically and 5 percent monitor patients' health electronically, but planned adoption would roughly triple these percentages in the next 18 months.

``Such growth will arise primarily as word spreads among physicians that the tools deliver,'' explains Ms. von Knoop. ``Already most users in our survey report that online patient-care tools have improved their overall efficiency, enabled them to deliver better care, increase patient satisfaction, and, in some cases, saved their practices money. The early successes with patient-care tools illustrate the depth and breadth of the opportunities they present to doctors-and health care players.''

Because online tools for patient care are delivering on their promises, they are already creating value for doctors and patients. Incumbents such as drug companies, MCOs, and health-care-delivery systems can capitalize on this value and even capture some for themselves by adding these tools-or at least linking them-to current offerings. ``At a time when pharmaceutical companies are competing intensely for attention from physicians, offering valuable and unique online tools may help them differentiate themselves or gain more time with physicians. Likewise, as MCOs struggle to find new avenues for improving care and squeezing costs, they can turn to online tools to gain greater access to doctors -- and perhaps even to guide them -- as they make patient-care decisions,'' says Ms. von Knoop.

Additional BCG Research in E-Health

Doctors Say E-Health Delivers builds on BCG analysis in Vital Signs: The Impact of E-Health on Patients and Physicians (released in February) as well as The E-Health Patient Paradox, an April report exploring how the Internet influences patients to become more active in diagnosing and treating their own conditions. BCG will, on an ongoing basis, be updating this research on physicians and patients.

About The Boston Consulting Group

The Boston Consulting Group (BCG) is a general management consulting firm widely regarded as the global leader in business strategy. Since 1963, BCG has worked with companies in every major industry and global market to develop and implement strategies for competitive success. BCG has 52 offices in 34 countries around the world. More information on BCG can be found on its Web site: www.bcg.com.

SOURCE: The Boston Consulting Group

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To: tech101 who wrote (320)12/6/2001 1:23:39 PM
From: Michael Olds
   of 326
 
Thinking about future valuation.

Many of the old WebMD shareholders were ticked off when MW managed to bump up the conversion ratio of MMGR shares to WebMD shares in the merger. At that time I suggested that what had happened was a leveraged buy-out using the stock of the company being bought in place of cash. Since that time, in spite of the fact that the intent (and scope in time) was made absolutely clear by management, the paying down of that debt (by way of restructuring, and stock repurchasing) has met with an endless stream of complaints. Now that that debt has largely been paid off or brought to reasonable proportions, the stock reflects only the value of the end-product of that re-valuation. I think this mistakes the show for the magician and represents a real opportunity for value investors.

The sickness: Fear on the part of investors that growth by merger and acquisition will dilute shareholder value (based on past experience) and that therefore it will not be done.

The cure:

Those with experience with MW know him as the inventor of the use of stock as currency (well, OK, that goes too far, but certainly he is a master of the art). (Fitting in a way that he should find himself needing to repair what some might consider the far extreme into absurdity of that strategy). Now that HLTH is past the restructuring phase, I think it is fitting to look at the way this management grew Medco Containment Services as the asset that is not being factored into the stock price.

However costly it may have been for MMGR, what the merger managed to do was to eliminate even the appearance of competition in this field. In the dominant position I think it is more than probable that what we will see is the use of stock to consolidate the company's position throughout the country and that in such a way as to consistantly add to real per share earnings; in other words: the use of stock as currency the way it should be done. That is what was done with Medco, and that is what I believe we will see here. Those who are taking the current assets and their earning power and projecting stock price out six months, one, two years are looking in the wrong place. That is how we are where we are. Where we will be in six months is going to be determined by the pace and value of future mergers and acquisitions. My prediction is the pace will be as breathtaking as was the pace of the elimination of debt.

I'm not going to hedge this "take". I say we are dealing with a team of work-aholics and they have finished one thing (not the restructuring, that was the last thing, the setting rolling of earning's "traction" from the existing structure...that's done); they are already looking at the next thing.

My say!

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To: Keith Fauci who started this subject12/26/2001 10:21:41 AM
From: Michael Olds
   of 326
 
WebMD Acquires Medscape Portals to Create Largest Network of Online Medical Professionals and ConsumersIntegration of Assets to Strengthen WebMD's Offerings to Physicians, Consumers and Health Plans
PR NEWSWIRE - December 26, 2001 09:20
ELMWOOD PARK, N.J., Dec 26, 2001 /PRNewswire via COMTEX/ -- WebMD Corporation (Nasdaq: HLTH) today announced that the Company has acquired the portal assets of MedicaLogic/Medscape, Inc. (Nasdaq: MDLI), including the Medscape Medical Professional and Medscape Health for Consumers web sites, for $10 million in cash effective immediately. Medscape's Medical Professional portal will become the Company's online brand of information, research and educational services for physicians and allied medical professionals. WebMD Health(SM) will continue as the Company's brand of online information, community and services for consumers.

With the addition of the Medscape assets, the Company's newly expanded WebMD Medscape Health Network will reach more than 15 million cumulative monthly visitors, including approximately 575,000 members registered as physicians worldwide.

"This acquisition is a great opportunity to further strengthen our product offering for physicians and is in keeping with our goal of creating the leading communication channels connecting physicians and their patients with health plans, providers and suppliers," said Martin J. Wygod, Chairman of the Board and Chief Executive Officer of WebMD. "Although there are strategic synergies, we expect to incur certain costs and expenses related to the combination of the respective operations. The acquisition may impact our financial expectations by $1-2 million for each of the next two quarters as we complete the integration."

The Company plans to integrate the Medscape Medical Professional portal into its suite of professional products and services. The Medscape services will become part of the integrated portal offering of the Medical Manager(R), the leading brand of physician practice management software, used by more than 185,000 physicians, and into WebMD Envoy(R), the leading provider of electronic transaction services, used by more than 300,000 physicians.

"When consumers or medical professionals look for information online, they seek objective, credible and trustworthy sources for that information. The Medscape editorial team brings a longstanding track record for the highest quality medical journalism," said Roger C. Holstein, Chief Executive Officer, WebMD Health. "With unmatched brand awareness, distribution and utilization, the WebMD Medscape Health Network is now the most effective way, online or offline, to reach physicians in virtually every specialty, as well as healthcare involved consumers with specific diseases or conditions."

Both WebMD and Medscape are founding members of HI-Ethics, and WebMD was one of the first websites to receive the new URAC e-health accreditation. Going forward, WebMD is committed to continuing the standards of excellence in content delivery and information practices already in place.

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To: Keith Fauci who started this subject2/24/2002 11:09:09 AM
From: B.D.Bauden
   of 326
 
It is unfortunate that this board is so inactive. The Yahoo message board for HLTH has a lot of participation, but most of it comes from lunatics.

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To: B.D.Bauden who wrote (323)2/24/2002 11:56:12 AM
From: i-node
   of 326
 
The reason the yahoo boards are so busy is there is almost no substance in what is written over there; a total waste of time to read (and moreso to write).

If you come over here, you tend to see substance, but relatively few posts. That's not just for HLTH, but pretty much all the boards...

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From: Sr K2/21/2013 11:08:44 PM
   of 326
 
Oops.

6:04PM WebMD Health --CORRECTION-- WBMD misses Q4 EPS by 10 cents, beats on revs; guides Q1 revs above consensus; guides FY13 EPS in-line, revs above consensus ( WBMD) 16.30 -1.12 : Earlier we reported that co beat by 10 cents on the bottom line. However that was comparing the non-GAAP number to a GAAP EPS estimate. We have removed the 16:05 commetn and are providing this correction.

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From: Glenn Petersen7/24/2017 9:10:34 AM
1 Recommendation   of 326
 
KKR to buy WebMD in $2.8 billion deal
  • KKR announced plans to acquire WebMD Health in an all-cash deal valued at about $2.8 billion.
  • WebMD shareholders will receive $66.50 per share in cash.
  • Prior to the acquisition WebMD ran a five-month auction and solicited bids from more than 100 companies and private-equity firms.
Reuters
July 24, 2019



Andrew Harrer | Bloomberg | Getty Images
The WebMD application is demonstrated on an Apple Inc. iPad Air.
________________________________

Online health publisher WebMD Health said on Monday it agreed to be bought by private equity firm KKR in a deal valued at about $2.8 billion.

The deal brings together WebMD's websites, such as WebMD.com, Medscape.com and MedicineNet.com, and those owned by KKR unit Internet Brands Inc, including DentalPlans.com and AllAboutCounseling.com.

KKR will pay $66.50 per share, a premium of 20.5 percent to WebMD's Friday closing price. WebMD's shares were trading at $66 before the opening bell.

Reuters reported on Sunday that KKR was nearing a deal to buy the online health information provider.

Founded in 1996, WebMD has grown into one of the most popular health websites for consumers and medical professionals, attracting more than 70 million monthly unique visitors in 2016, according to analytics company comScore Inc.

WebMD also owns medical news and education brand Medscape, which accounted for around 60 percent of its advertising revenue in 2016.

The New York-based company said in February it would explore its options, after a slowdown in advertising paid for by pharmaceutical companies.

The deal, approved by the WebMD board, is expected to close in the fourth quarter of 2017.

J.P. Morgan Securities LLC is WebMD's financial adviser, while Shearman & Sterling LLP is its legal adviser.

Simpson Thacher & Bartlett LLP is Internet Brands' legal adviser.

cnbc.com

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