Word: scription
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...says Larry Feinberg, health-care hedge-fund manager at Oracle Partners. WebMD lost $246 million last year, despite more than doubling revenues, to $517 million. But the loss was smaller than anticipated, and it expects to turn a profit later this year. To compete with Allscripts and other e-scription players, Wygod is racing to roll out his own portable platform. He just inked a deal to be the primary content provider for Microsoft's MSN service...
WebMD's strategy might ultimately force a consolidation within the industry. Most e-scription start-ups, once flush with venture capital, are on the block, looking to be acquired or to align with bigger fish that can offer womb-to-tomb IT solutions. IBM's new venture will probably be a buyer, and Allscripts already has a deal with IDX, whose own back-office, practice-management system is used by more than 100,00 doctors. "This whole industry is so fragmented," says Wygod. "In order to make it more efficient, you can't have so many different players." Wygod just...
Justification for the widespread pre-scription of Redux is based on the contention that any of the documented risks are far outweighed by potential benefits. But any couch potato can lose 5 lbs. and keep them off by becoming more active physically and eating a healthy diet--without the use of drugs. So is Redux really about health, or is it about money? With sales of the product expected to reach $1 billion in five years, I guess we know the answer. GLENN A. GAESSER, Associate Professor Exercise Physiology University of Virginia Charlottesville, Virginia Via E-mail...
...scription of the school's condition. Bands of pickets roamed the campus, seeking to prevent nonmilitant students from entering classrooms. Although his predecessors had been reluctant to use police to restore order, Hayakawa-backed strongly by a majority of the trustees of California's state colleges and by Governor Ronald Reagan-had no such compunction. On Tuesday, police arrested 32 protesters, ten of whom were injured in a melee; two days later, 23 more were carted off to jail. The maintenance of order was helped by a Committee for an Academic Environment, organized by proadministration students. Wearing blue...
...handsomely packaged hard-cover travel magazine produced by Cowles publications (Look, etc.), with the help of the American Express Co. Venture's debut issue, out this month, was distributed free to American Express credit-card holders, who also qualify for a year's cut-rate sub scription of $9.50. Cost to noncardholders: $17.50 for six issues a year...