NU Online News Service, Feb. 20, 3:49 p.m. – PlanVista Corp., Tampa, Fla., a company that helps run managed care provider networks, is reporting a $5.7 million net loss for the fourth quarter of 2001 on $8.2 million in operating revenue, compared with a $67 million net loss on $7 million in operating revenue for the fourth quarter of 2000.
Net results for the latest quarter include $4 million in interest and a $2.8 million loss on the sale of discontinued operations, and net results for the comparable quarter in 2000 include a $63 million loss on the discontinued operations.
Operating earnings before interest, depreciation, amortization and taxes fell to $500,000 for the fourth quarter, from $2.8 million, PlanVista says.
A new, Internet-based system for applying the correct network discounts to medical claims is doing well, and PlanVista signed 47 new accounts during the fourth quarter, the company says.
