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PlanVista Reports Lower 2nd Quarter Net Income

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NU Online News Service, Aug. 12, 2003, 10:32 a.m. EDT – PlanVista Corp., Tampa, Fla., is reporting $477,000 in net income for the second quarter on $7.9 million in operating revenue, down from $1.2 million in net income on $8.5 million in revenue for the second quarter of 2002.

PlanVista helps managed care companies, employers and other “payers” manage provider networks and process provider claims.

Revenue was down because some customers went out of business and some reduced use of PlanVista services, but second-quarter sales of network access and claim repricing services were strong, the company says.


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