logo
Share SHARE
FONT-SIZE Plus   Neg

Watermark Medical Signs Contract With Coventry Health Care

Watermark Medical, Inc., a privately held helthcare information technology company, announced that it has signed a contract with Coventry Health Care to provide home sleep testing service for the diagnosis of obstructive sleep apnea or OSA.

The company said the agreement expands Coventry's ability to deliver diagnostic testing to its members in a home-based environment while potentially reducing long-term costs.

Under the new multiyear agreement, Watermark will work directly with Coventry's physician network to diagnose members in the comfort and convenience of their own home at a fraction of the cost of a traditional in-lab sleep study.

Watermark stated that it will deliver these services through its Mail-to-Patient division, which supports physicians who do not currently provide home sleep diagnostics for their patients. Physicians in Coventry's network can refer patients with symptoms of OSA to Watermark, and the company will ship their diagnostic test directly to the patient.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French telecom equipment maker Alcatel-Lucent, which is being acquired by Finnish network equipment maker Nokia Corp., reported higher profit in its fourth quarter with strong revenue growth. All segments, mainly Next-generation technologies, and all regions, including North America and Asia, recorded higher revenues. The company also announced the successful completion of the Shift Plan. Shares of Rio Tinto Plc. were losing around 7 percent in the morning trading in London after the mining giant reported a loss for its fiscal year 2015, compared to profit last year, amid steep decline in commodity prices. Further, the company announced flat dividend, and said it is no longer appropriate to maintain the progressive dividend policy. French lender Societe Generale SA reported Thursday higher net profit in its fourth quarter, while operating income declined sharply amid higher litigation provision and lower net banking income. However, fiscal 2015 was marked by good operating performances in all the businesses. Citing the annual results, the company lifted its dividend.
comments powered by Disqus
RELATED NEWS
Trade CA now with 
Follow RTT