Healtheon Webmd Corp

Healtheon/WebMD Corp. co-founder Jim Clark said the Internet health-care company would have about $1 billion in revenue and be profitable by the end of 2000 if all its pending mergers go through. But analysts and even the health-care Internet firm's chief executive have their doubts. The company lost $288 million last year on $102 million in revenue, and most observers expect losses until 2002.

Healtheon/WebMD Corp. said its first-quarter loss widened in line with analyst expectations as revenue nearly quadrupled. Healtheon, an Internet site linking insurers, doctors and patients, said it lost $431.5 million, or $2.47 a share, up from $18.6 million, or 30 cents, a year earlier, because of marketing and acquisition costs. Excluding $358.5 million in amortization and depreciation, the company had an operating loss of $85.9 million, or 49 cents a share, contrasted with a loss of $11.

Healtheon/WebMD Corp. said it's buying OnHealth Network Co., a Seattle-based provider of online health news, research and reference guides, for about $313 million in stock, the latest consolidation within the nascent Internet health-information industry. The acquisition furthers Healtheon/WebMD's campaign to merge all areas of "e-health" into a single, comprehensive site by spending billions to absorb its rivals.

Healtheon/WebMD Corp. co-founder Jim Clark said the Internet health-care company would have about $1 billion in revenue and be profitable by the end of 2000 if all its pending mergers go through. But analysts and even the health-care Internet firm's chief executive have their doubts. The company lost $288 million last year on $102 million in revenue, and most observers expect losses until 2002.

Healtheon/WebMD Corp. said its first-quarter loss widened in line with analyst expectations as revenue nearly quadrupled. Healtheon, an Internet site linking insurers, doctors and patients, said it lost $431.5 million, or $2.47 a share, up from $18.6 million, or 30 cents, a year earlier, because of marketing and acquisition costs. Excluding $358.5 million in amortization and depreciation, the company had an operating loss of $85.9 million, or 49 cents a share, contrasted with a loss of $11.

Few Web sites try to be comprehensive resources for both physicians and consumers. But WebMD.com aims to serve both audiences, and it hits the mark with a recently revamped site. The company, Healtheon/Web MD, has become one of the first to build online bridges connecting doctors and consumers with the rest of the health-care industry. About 15% of doctors in the United States are already registered users of WebMD.com, according to site managers.

TriZetto Group Inc., which runs a service that gives medical groups and insurers access to health care software applications, said Thursday that it hopes to raise as much as $57.5 million through an initial stock sale. The Newport Beach company operates the computer infrastructure to "host" applications used to manage paperwork such as patient enrollment or insurance forms, and to connect doctors to health care plans.

Healtheon/WebMD Corp. said it's buying OnHealth Network Co., a Seattle-based provider of online health news, research and reference guides, for about $313 million in stock, the latest consolidation within the nascent Internet health-information industry. The acquisition furthers Healtheon/WebMD's campaign to merge all areas of "e-health" into a single, comprehensive site by spending billions to absorb its rivals.

Few Web sites try to be comprehensive resources for both physicians and consumers. But WebMD.com aims to serve both audiences, and it hits the mark with a recently revamped site. The company, Healtheon/Web MD, has become one of the first to build online bridges connecting doctors and consumers with the rest of the health-care industry. About 15% of doctors in the United States are already registered users of WebMD.com, according to site managers.