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WC Wellchoice

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Share Name Share Symbol Market Type
Wellchoice NYSE:WC NYSE Ordinary Share
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WellChoice Announces Enhancements to Online Personal Health Record

07/11/2005 6:00pm

Business Wire


Wellchoice (NYSE:WC)
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WellChoice, Inc. (NYSE: WC) today announced that its primary operating subsidiary, Empire Blue Cross Blue Shield, has expanded the functionality of its online personal health record, My Health Record, to allow Empire members to provide their doctors with access to their record via the Internet. Launched in June 2005, My Health Record is a secure, Internet-based health record that is controlled by the member and gathers and stores extensive individual medical information. "We expect My Health Record to help put consumers in charge of their own healthcare and to be an example of how technology can enhance the delivery of quality healthcare," said Michael A. Stocker, M.D., president and CEO of WellChoice. "Now that members can authorize their treating physicians to see their personal health record, we expect to see a reduction in the number of tests performed and the delivery of more efficient care. When a doctor has current medical test results in hand, and doesn't have to wait for a record to show up from another medical office or a hospital, he or she has a clearer picture of the patient's progress, and won't have to repeat tests unnecessarily. "In addition, an online personal health record can easily provide critical health information in case of emergency, such as a trip to the emergency room, when a complete medical history can be invaluable in developing a treatment plan, or in the case of a natural disaster such as Hurricane Katrina, when records can be temporarily unavailable or destroyed." Nearly 30,000 Empire members have logged on and created their personal health record at My Health Record during the first three months since the launch of the program. About WellChoice WellChoice, Inc. is the parent company of the largest health insurer in the State of New York, based on PPO and HMO membership. WellChoice, through its Empire Blue Cross Blue Shield subsidiaries, has the exclusive right to use the Blue Cross and Blue Shield names and marks in 10 downstate New York counties and one or both of these names and marks in selected counties in upstate New York. WellChoice offers a broad portfolio of products, including managed care and traditional indemnity products, and has a varied customer base including large group, middle-market and small group, individual, and national accounts. Additional information on WellChoice can be found at http://www.wellchoice.com. Cautionary Statement Some of the information contained in this press release is forward-looking, including statements relating to future financial or business results. Forward-looking information is based on management's estimates, assumptions and projections and is subject to significant uncertainties and other factors, many of which are beyond the company's control. Important risk factors could cause future results to differ materially from those estimated by management. Those risks and uncertainties include but are not limited to: our ability to accurately predict health care costs and to manage those costs through underwriting criteria, quality initiatives and medical management; product design and negotiation of favorable provider reimbursement rates; our ability to maintain or increase our premium rates; possible reductions in enrollment in our products or changes in membership including the loss of either the New York City or the New York State account; the regional concentration of our business in the New York metropolitan area and the effects of economic downturns in that region or generally; future bio-terrorist activity or other potential public health epidemics; the impact of health care reform and other regulatory matters; and the outcome of litigation. For a more detailed discussion of these and other important factors that may materially affect WellChoice, please see WellChoice's filings with the Securities and Exchange Commission, including but not limited to Annual Reports on Form 10-K for the year ended December 31, 2004 and Quarterly Reports on Form 10-Q for the reporting periods of 2005.

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