affiliate health programs

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A representative from Joint Commission Resources will be arriving on Guam to lead a one-day seminar for the Guam Memorial Hospital. The organization is an affiliate of the Joint Commission, which evaluates/accredits nearly 15,000 healthcare organizations and programs throughout the United States.The entire seminar, including travel and other costs associated will be completely funded by the Guam Healthcare and Hospital Development Foundation.

WellCare Health Plans, which insures more than 7,600 Missourians under Medicaid through an affiliate, has come under intense scrutiny following an Oct. 24 raid on its Tampa, Fla., headquarters by federal and state authorities.

WellCare has a total of about 2.3 million Medicare and Medicaid enrollees across the nation. Medicare programs serve the elderly, and Medicaid serves mainly low-income Americans.

WellCare also serves about 18,000 Missourians through its Medicare prescription drug plan, and a small number of Missourians -- about 50 -- through its WellCare Medicare Advantage Plan, according to Centers for Medicare and Medicaid Services acting branch manager Kane Kunard.

WellCare's Harmony Health Plan Inc. division's Medicaid contract with the state of Missouri runs through June 30, 2008.

According to Bob Currey, director of affiliate services for OSF Healthcare System, �The three-year agreement with ICAHN represents a unique partnership for OSF and Amerinet. For more than 20 years, OSF has maintained relationships with many ICAHN members, and I look forward to coordinating the opportunities available through Amerinet and OSF.� Stated Amerinet President, Todd C. Ebert, �I am pleased that ICAHN has elected to partner with Amerinet. We are committed to providing them with outstanding programs, services and tools that will lead to savings for their organizations.� About Amerinet Inc. Through Total Spend Management Solutions, Amerinet strategically partners with health care providers to improve operating margins by creating efficiencies, reducing costs and identifying new revenue streams.

This has been even more the case since the withdrawal of Vioxx, Merck's painkiller, in 2004.

"This is scaring investors," says Malik. If the large numbers of small start-up companies are to gain access to the capital markets, experts say, they will need to diversify.

"I am telling every company to... think about what they can do to strategically position themselves and create critical mass," says Malik. "If they don't manage this successfully they will have to merge," says David Wilson, chief executive of Piper Jaffray, the a US middle-market investment bank that is active in the sector.