Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Watermark Medical Signs Contract With Coventry Health Care

RELATED NEWS
Trade CA now with 
2/16/2012 11:29 AM ET

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.

Click here to receive FREE breaking news email alerts for CA Technologies and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.