• AI
  • Molecular Imaging
  • CT
  • X-Ray
  • Ultrasound
  • MRI
  • Facility Management
  • Mammography

CareScience tightens belt, lays off 15% of staff

Article

Online care management firm CareScience cut 22 employees (15%) and consolidated operations in an effort to reduce expenses and achieve profitability by the end of the year. The firm has centralized company marketing and product development,

Online care management firm CareScience cut 22 employees (15%) and consolidated operations in an effort to reduce expenses and achieve profitability by the end of the year. The firm has centralized company marketing and product development, following the discontinuation of the CareLeader and CareSense product lines. The move comes on the heels of CareScience's acquisition of Strategic Outcomes Services, a pharmacoeconomic and outcomes research consulting firm. The deal cost CareScience $1.1 million in cash and 250,000 shares of common stock, but the company expects the acquisition to have a positive impact on its 2001 earnings.

In other news, CareScience will integrate Intel Internet Authentication Services into Care Data Exchange, which uses peer-to-peer technology to securely locate and index clinical data from participating healthcare organizations, and CareStandard Select, which enables users to select health information products online. The company has also announced a contract to provide group purchasing organization AmeriNet with clinical data analysis tools.

Related Videos
Improving the Quality of Breast MRI Acquisition and Processing
Can Fiber Optic RealShape (FORS) Technology Provide a Viable Alternative to X-Rays for Aortic Procedures?
Does Initial CCTA Provide the Best Assessment of Stable Chest Pain?
Making the Case for Intravascular Ultrasound Use in Peripheral Vascular Interventions
Can Diffusion Microstructural Imaging Provide Insights into Long Covid Beyond Conventional MRI?
Assessing the Impact of Radiology Workforce Shortages in Rural Communities
Emerging MRI and PET Research Reveals Link Between Visceral Abdominal Fat and Early Signs of Alzheimer’s Disease
Reimbursement Challenges in Radiology: An Interview with Richard Heller, MD
Nina Kottler, MD, MS
The Executive Order on AI: Promising Development for Radiology or ‘HIPAA for AI’?
Related Content
© 2024 MJH Life Sciences

All rights reserved.