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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.

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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.