The high price of health care is killing health some insurers, such as UnitedHealth Group
Outsourcing the lab review
The company isn't widely known, but its stock is up on the year so far, and that's nothing to sneeze at. As long as Genoptix's staff can work more efficiently than the regional labs can, the company can make money, the patients and doctors can save time and money, and the patient probably gets better service to boot. It's outsourcing at its finest.
IT meets health care
It's shocking how many health records are still kept on paper. The personal computer has been available for more than 20 years, but doctors are still using their chicken scratches to record observations on paper stuck into charts. Any way you look at it, that has to be pretty darn inefficient.
Companies such as Allscripts and Quality Systems
Even the government is pushing health-care IT. Last month, the Centers for Medicare & Medicaid Services said they'll give a bonus to doctors who use electronic prescriptions. Depending on how many of the doctor's patients are on the government programs, the bonus might be able to pay for the cost of setting up the system. Allscripts could really benefit because it has a standalone, Web-based electronic prescription system that should help lure in doctors who don't want to go fully electronic with their patients' health records.
Drugs at your doorstep
Pharmacy-benefit managers Medco Health Solutions
Companies and health insurers pay the pharmacy-benefit managers to get drugs to employee-members in the most manner. By encouraging the end user to switch to generic drugs, they're able to save the companies and health insurers money -- and ensure that they get a contract for another year.
The pharmacy-benefit managers also help save the end users money by delivering the drugs through mail order. Delivering drugs to the doorstep saves on gas and usually results in a lower copayment. And that makes the patient happy.
Making money by saving others money
Saving other people money can be a good business to be in, but it’s a lot easier sell in times like these. These companies are a pretty diverse bunch, but they should all benefit as health-care costs continue to rise.
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