Home health corporation reports record earnings
The Home Health Corporation of America, based in King of Prussia, PA, reports record net revenues and earnings for the second quarter, ended Dec. 31, 1996. Net revenues increased 42% or $9.7 million to $33 million for the three months ended December 31, 1996, over the same period a year earlier. Of this increase, $6.3 million was attributable to acquisitions, with the remaining attributable to internal growth of 15%.
The merger with Home Health Systems, Inc. ("HHSI") in November 1996 was accounted for as a pooling of interests. Therefore, the Company’s reported financial information has been restated to include the combined accounts and operations of the Company and HHSI. Net income and earnings per share, after merger expenses, were $689,000 and $.08 for the three months ended Dec. 31, 1996, compared with a net loss and loss per share, after nonrecurring expenses and an extraordinary charge, of $525,000 and $.21 for the three months ended Dec. 31, 1995.
Home Health Corporation of America is a leading regional provider of comprehensive home health care services and products, delivering nursing and related patient services, respiratory therapy, infusion therapy, and durable medical equipment.
Home care wired for sound and sight
Home telecare, a.k.a. home health care delivered via telecommunications, is the focus of a new information report titled Home Healthcare: Wired and Ready for Telemedicine, produced by the Portland, OR-based research firm Information for Tomorrow. Home telecare has the potential to bring more needed services into patients’ homes more frequently and at a lower cost. Patients with HIV/AIDS, diabetes, and other chronic illnesses or conditions are being targeted to receive home telecare.
The report is a planning guide to help clinicians and home care or managed care agency administrators identify telecare resources, such as telemonitoring equipment, software, Internet sites, and other tele-tools, says Audrey Kinsella, principal researcher and author of the report.
The 230-page report provides an overview of home telecare, including its costs, safety issues, training needs, effective applications, and patient acceptance. It is available from Information for Tomorrow for $295 plus shipping and handling. Contact: Audrey Kinsella, research director. Telephone: (800) 506-6587. E-mail: [email protected].
H-P unveils enhanced version of CareVue
Hewlett-Packard Company recently unveiled its new release of CareVue, CareVue H1, an application that can help hospital-based home health organizations improve patient care and lower costs. CareVue H1 enables users to configure comprehensive reports containing clinical data gathered in CareVue and allows hospital-based agencies to improve patient outcomes, analyze utilizations, and conduct research.
CareVue is a clinical information system deployed at the point of care to support a multidisciplinary, collaborative approach to patient care. The new release of CareVue includes enhanced reporting, charting and analysis, enhanced security, and new clinical-notes-filtering capabilities.
A key feature of CareVue H1 is clinical data access, which provides an industry-standard, open database connectivity (ODBC) interface to CareVue’s database. This ensures easy access to patient-specific clinical data across patient populations.
Another feature is patient data transfer, which allows patient records to be transferred from one unit to another, providing a seamless length-of-stay patient record.
For more information about CareVue H1, contact Shirley Horn at Hewlett-Packard. Telephone: (508) 659-3692.
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