When a doctor is worth only $50

The lead headline in yesterday’s iHealthBeat blared: SureScripts Acquires Chief Rival, Boosts E-Prescribing Network.

The acquisition [of MedAvant] will allow 5,000 to 10,000 more physicians to have electronic access to between 10,000 and 15,000 more pharmacies nationwide, according to SureScripts’ CEOKevin Hutchinson, Healthcare IT News reports.

The purchase could prompt e-prescribing vendors to ensure that their customers have the most updated version of technology and can complete the electronic transactions, Hutchinson said (Monegain, Healthcare IT News, 5/1).

Health care analysts said the purchase could expedite the use of e-prescriptions by physicians because they will not have to choose between the competing firms’ products, the Post reports (Washington Post, 5/2).

Sounds like the merger of XM and Sirius, or Sony and Apple, doesn’t it?

So what’s the purchase price? Only $500,000, of which $100,000 is being held back as a contingency. That works out to $50 to $100 per doc or $35 to $50 per pharmacy.  By contrast, Cablevision is being taken private for $10.6 billion, or over $5000 per subscriber!

So let’s face it, MedAvant has made little progress in the market and is being picked up for nothing.

May 3, 2007

2 thoughts on “When a doctor is worth only $50”

  1. Remember that trip to the Hospital. Yes

    Remeber that Hispanic woman who was there cause her huband was beating her.

    Remember that Mexican guy who was confused wheather he was from Mexico or America? I said both, baby, both.

    Remember that Chiense guy who was missing his Chi.

    Remember that Nigerian guy who had issues to resolve with the LAPD.

    Remeber that Tough guy who got kicked out of the Gang cause he was abusing his powers.

    Remember that Indian guy who could not seem to get laid.

    Remember that female doctor that though that she looked like an actress.

    Remember tht cop who took the bullet in his leg.

    Rember that little girl that was going to hurt herself on that machine thingi and you jumped in there and then the mother unloaded on you. Yes

    Remeber that poor guy who could not afford medical insurance.

    Remember that old fart who would not shut up? Yeah, that old fart just needs some people to speak with.

    Remember that doctor that was feeling up the nurse.

    Remember that woman that wanted to kill herself.

    Now what all of these people need is their basic issues addressed.

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