| Business Summary | | LifeRate
Systems,
Inc.,
prior
to
deciding
to
cease
its
operations
in
August
1998,
developed
and
marketed
a
set
of
software-based
information
products
designed
to
enable
healthcare
providers
to
evaluate
and
demonstrate
the
quality
and
cost
effectiveness
of
the
medical
care
they
deliver.
LifeRate's
product
suite
comprised
software-based,
patient
centered
clinical
information
tools
and
services
used
to
track
a
patient
throughout
the
continum
of
care.
Data
collection
tools
are
used
to
populate
a
relational
data
repository
that
can
be
queried
to
analyze
the
quality
and
effectiveness
of
patient
care.
Using
analysis
and
report
generation
tools,
LifeRate
and
its
customers
were
able
to
query
the
data
repository
on
a
variety
of
parameters,
such
as
drug
utilization,
treatment
effectiveness,
complications,
and
functional
status.
In
designing
its
products,
the
Company
focused
on
two
medical
specialties:
cardiology
and
asthma
and
allergy. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LRSI
developed
and
marketed
a
software
operating
system
that
stored,
retrieved
and
analyzed
data
to
produce
information
for
health
care
providers
and
payors.
In
August
1998,
it
ceased
operations.
For
the
nine
months
ended
9/98,
revenues
rose
20%
to
$439
thousand.
Net
loss
fell
43%
to
$2.3
million.
Revenues
reflect
increased
development
fees
under
contractual
agreements.
Lower
loss
reflects
decreased
R&D
and
sales
and
marketing
expenses
due
to
cost
reductions. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Bruce Senske, 45 Acting
CEO | $55K | Mark Sheffert, 52 Chairman | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|