67 WALL STREET, New York - October 28, 2013 - The Wall Street Transcript has just published its Health Care IT Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: HIT Consolidation Activity - Electronic Health Records Implementation - Affordable Care Act - Healthcare IT Consolidation Trends
Companies include: Aetna Inc. (AET) and many more.
In the following excerpt from the Health Care IT Report, the CEO of Healthagen, an Aetna Inc. (AET) company, discusses company strategy and the outlook for this vital industry:
TWST: Tell us about Healthagen.
Dr. Saunders: Healthagen started in early 2011, to create a growing portfolio of innovative new businesses, both by incubation of startups and by acquisitions of companies. These businesses serve a common purpose of enabling providers to migrate to value-based care in a postreform era, and to do it with an economically sustainable model. They are also designed to give consumers a better experience with the health care system, one that's more convenient, more affordable and more satisfying.
Within that, we began to build a portfolio of businesses, and it has always been our intent to be very strategic about this. We have built a group of businesses with synergies between one another and with Aetna's core business, all working to a shared vision of moving health care forward. Over the last two years we've been very successful in building up a sizable portfolio. The creation of Healthagen as a branded entity, I think, signals more of a shift to an operating company and away from a loose portfolio of assets.
TWST: What are the long-term goals for this area of the company?
Dr. Saunders: To realize the vision in our mission, which is to enhance the health and the well-being of the populations that we serve and enable providers to flourish in a post-reform era. For consumers, we want them to have a more affordable, satisfying and convenient experience that works fundamentally better and differently. For providers, we want to enable them to deliver value-based care holistically across the continuum of patients they serve.
In addition, we want to create products that have compelling high value for plan sponsors and employers, and usher in a new era of health care in the twenty-first century - one based on value. Finally, we want to help reduce the cost of care and increase the quality of care. Combined, our efforts will have a positive impact on Aetna and all its stakeholders.
TWST: What's the competitive landscape like? I imagine your competition would be both small companies and divisions of your big competitors?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.