revenues

The University of Pittsburgh Medical Center reported much improved numbers for the first half of its current fiscal year. UPMC said revenues were up 13 percent to $2.8 billion for the six months ending December 31. The result: a much more profitable performance for the health network than last year. Profits jumped 73 percent to $225 million from $130 million. Notable bright spots included a 16 percent increase in outpatient activity and overall admissions. The hospital chain's investments …

Cerner said late yesterday its revenue has reached the $1 billion mark. The maker of hospital electronic medical records and CPOE systems for hospitals and physician practices said revenues for new bookings were up $386.3 million in the last quarter, an increase of 58 percent. The company adjusted its earnings forecast for next quarter, saying it expects to make 26 cents to 27 cents per share, lower than the 29 cents per share analysts had wanted. Wall Street is not happy about the news. …

WellPoint, the nation's largest insurer, said its fourth-quarter earnings more than tripled as a result of the 2004 merger of WellPoint Health Networks and Anthem. The company said revenues were up 67 percent to $11.43 billion over a year ago. Enrollment grew by 6.1 million. As of December 31, 2005, WellPoint is officially a monster, with total membership of 33.9 million members.

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One health plan that has a better record than most in promoting disease management (DM) programs, PacifiCare, has just canceled a demonstration project in heart failure for Medicare FFS beneficiaries because it somehow failed to enroll enough people--even thought it will mean sending money back to the Federal government! PacifiCare says only 3,400 people had signed up for its HeartPartners heart-failure management program. It is unclear how this will impact UnitedHealth Group, which …

A crunching noise was heard on Wall Street today as analysts digested bad news from LifePoint. The hospital chain issued guidance on its 2006 earnings. The Brentwood, TN-based company predicts earnings of $2.18 to $2.35 per share next year on earnings of $2.3 billion, a whole lot less than the $2.87 per share and revenues of $2.7 billion that the Street was expecting. Analysts called the news "terribly disappointing" and say it signifies that the company had "a very hard fourth quarter." …

Modern Healthcare has released its annual survey of healthcare consultants ranked by their healthcare practice revenue for 2004. Coming in at No. 1 is Deloitte with $830 million in revenue. Following close behind are Accenture ($800 million) and CapGemini ($750 million). Not surprisingly, many analysts see the most significant deal of the year in the consulting space is Accenture's purchase of CapGemini, which created a consulting titan with $1.5 billion in combined revenues. The recent …