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Health Integrated
HCID Member | Healthcare Services
10008 North Dale Mabry Hwy
Tampa, FL 33618 USA
phone:877-267-7577
fax:813.349.2178
Symbol Private
Exchange
Founded 1998
Employees 160
          www.healthintegrated.com
Research Sector Healthcare Services
Summary Description
Integrated outsourced disease management services for HMO's, governments and employers.
Management
Shan Padda, Chairman and CEO; Sam D. Toney M.D., Vice Chairman and Chief Medical Officer; Steve Wigginton, President; Mike Forrester, Ph.D., Executive Vice President, Customer Delivery; Thomas M. Bendoraitis, CPA, Chief Financial Officer; Craig Wigginton, Chief Technology Officer
Keywords
Disease Management, Case Management, Depression Disease Management. Complex Case Management, Integrated Care.

Comment | Printable Version | Modify profile Jul. 09, 2010

Description
Health Integrated (HI) helps Governments, HMOs and Employer Groups enhance the quality of healthcare provided to their members. HI's clinically advanced "whole patient approach" takes into account the behavioral component and focusing on the populations that account for the bulk of healthcare expenditures thereby maximizing healthcare outcomes within the reality of limited resources At its 24 x 7 call center, HI nurses utilize advanced clinical protocols via sophisticated software and information management systems to "manage the diseased."
Products / Services
The company provides a full range of integrated health management products, including: -- Complex Case Management (multiple co-morbidites depression, diabetes, chronic heart failure) -- Depression Disease Management -- Behavioral Carve In (brings this function inside a health plan) -- Focused Utilization Management (Targeting the areas of greatest risk) -- Psychotropic Pharmaceutical Management (dispensing psychotropic drugs) -- 24/7 Utilization Management and Call Center. The company is currently developing an Advanced Care Management Model that they believe will be the most advanced integrated modality for managing care yet offered.
Technology / Differentiation
Health Integrated's unique expertise is in complex case management and depression disease management and "whole patient" management approaches that incorporate behavioral management. The company is regarded as an industry leader in depression management, utilizing unique approaches which significantly impact productivity. The company has also developed advanced protocols for behavioral management.
Market / Customers
It is estimated that as much as 40% of all healthcare dollars have a crossover impact on both behavioral and medical treatments and that as much as 50% of all primary care visits involve some level of mental health issues. Health Integrated's "whole patient" approach focuses on both medical and behavioral patient issues - first managing behavioral disease states such as depression and anxiety and then all applicable co-morbidities such as diabetes and congestive heart failure. Principal customers are HMO's such as Medical Mutual of Ohio and Oschner Health Plans, Governmental entities such as the State of Colorado, and more recently large Employer Groups seeking to minimize depressions impact on workplace productivity. An estimated $44 Billion (1) is lost by each US employers as a result of depression.
Competitors / Substitutes / Alternatives
American Healthways (AMHC) and Matria (MATR) are two related public companies in this marketplace, but are more likely to be partners than direct competitor due to HI's unique expertise in depression management. In the behavioral area, Magellan Behavioral Care is the principal competition. There are numerous companies that provide some aspect of disease management, but few who are direct competitors with Health Integrated due to its fully integrated approach. Other comparisons include: Qmed (QMED).
Strategy
HI's strategy is to continue to strengthen its leadership position in the area of depression disease management and to bring this service to the industry as a means of controlling costs and enhancing workplace productivity. The company is also developing an "Advanced Care Management" model which will be the most integrated healthcare management system yet developed that has great promise to bring far higher levels of efficiency to providers.
Funding
HealthNow New York Inc., one of New York state's leading health plans, with 2004 Revenues of over $2 billion, made a strategic equity investment in June 2005. Company completed a series B venture financing round in the fall of 2003 of $5.6 million with North Coast Capital Fund, West Broadway Venture fund and others. Previous financing has come from management and friends and family rounds. Approximately $15 million has been invested in the company to date.
Status
The company reached profitability in early 2004 and is investing in systems to grow aggressively. Observers expect company to be reach a rate of approximately $40 million annualized by end of 2005. Broadening its product line to offer a one-stop shop solution for its customers via its Advanced Care Management Model and is continuing to developing its unique competence in depression disease management as a means to enhance the workplace productivity of its large employer clients.
Additional Information
HealthNow New York Inc., one of New York state's leading health plans, with 2004 Revenues of over $2 billion made a strategic equity investment in June 2005.


2010-08-31-2320