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Life Health > Health Insurance

PlanVista Reports Higher 1st Quarter Net Income

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NU Online News Service, May 13, 2003, 1:20 p.m. EDT – PlanVista Corp., Tampa, Fla., is reporting $1.5 million in net income for the first quarter on $8.1 million in revenue, up from $669,000 in net income on $7.9 million in revenue for the first quarter of 2002.

PlanVista sells data network services, claims repricing services and other support services for health plans and health care provider networks.

The company’s relatively new, Internet-based ClaimPassXL repricing system generated $2.6 million in revenue and processed 140,000 claims during the latest quarter. The system generated $2.2 million in revenue by processing 108,000 claims during the first quarter of 2002.


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