Healtheon Corp, the Santa Clara, California-based provider of medical information and transaction services via the internet, has reported a second-quarter net loss of $17.6m on revenue up 108% at $22.7m, compared to a loss of $12.7m in the year-ago quarter. On a per share basis, the loss for the quarter amounted to $0.25, when analysts surveyed by First Call were expecting a loss of just $0.22.
The company says that the number of transactions it processed rose 16% from the March quarter. With the addition of recently- acquired MedE America and the completion of the merger with WebMD Inc, Healtheon/WebMD expects to process roughly 500 million transactions annually. The base of affiliated doctors now stands at 171,000, up 82% since last December, and page views for the company’s web site rose from 2.9 million per day in April to 11 million in July. For the six-month period, net loss was $36.1m on revenue up 94.9% at $40.3m, against a loss of $22.3m last year.
