For more than 45 years IDC has provided strategic insights to helpour clients achieve their key business objectives
For more than 45 years, IDC has provided strategic insights to helpour clients achieve their key business objectives. IDC is a subsidiary of IDG,the world’s leading technology media, research, and events company. You canlearn more about IDC by visiting All product and company names may be trademarks or registered trademarks oftheir respective holders. IDCSusan Feldmanm, orMelissa Bambauer, Copyright Business Wire 2009. New White Paper Asserts Best Practices for Engaging Diverse PopulationsBOSTON–(Business Wire)–Health Dialog Services Corporation today released a whitepaper entitled, “DoingWell by Doing Right: Fairer healthcare can lead to lower costs.” Authored byDavid Costello, PhD, Senior Vice President, Consumer Segmentation & Engagement,this paper examines how health plans can effectively engage higher cost members- particularly those residing in underserved communities – while still reducingoverall healthcare costs. Healthcare disparities are well documented, with numerous studies underscoringthe role that race, ethnicity, socioeconomics, and geography play in thedelivery of healthcare services. For example, according to the Centers forDisease Control and Prevention (CDC), Hispanics trail non-Hispanic whites forhaving a regular source of ongoing healthcare – 77% of Hispanics compared to 90%of non-Hispanic whites.
Health Dialog asserts that by leveraging community-levelinformation to develop customized messaging, health plans can effectivelyidentify, target, and engage members who reside in communities traditionallyassociated with healthcare disparities. “Understanding how members experience their world and their healthcare withinthis world is at the core of Health Dialog`s approach,” said Costello. “Byoutreaching to and engaging members in a way that respects their individualpreferences and resonates within their communities, we can more effectivelydrive improvements in quality of care and reductions in overall costs.” “Doing Well by Doing Right” provides research and examples that demonstrate howHealth Dialog assists health plans in reaching at-risk members, therebymitigating healthcare disparities and ultimately enhancing member health andwell-being. To download “Doing Well by Doing Right: Fairer healthcare can lead to lowercosts” please visit http:// About Health Dialog:Health Dialog is a leading provider of healthcare analytics and decisionsupport. The firm is a private, wholly-owned subsidiary of Bupa, a globalprovider of healthcare services. Health Dialog helps healthcare payors improvehealthcare quality while reducing overall costs. Company offerings includeHealth Coaching for medical decisions, chronic conditions, and wellness;population analytic solutions; and consulting services.
Health Dialog helpsindividuals participate in their own healthcare decisions, develop moreeffective relationships with their physicians, and live healthier, happierlives. For more information please visit Health DialogKiran Ganda, Copyright Business Wire 2009. NEW HAVEN, Conn.–(Business Wire)–Proliance International, Inc. (NYSE Amex: PLI) today reported net sales of $61.0million and a net loss of $14.4 million, equal to $0.92 per share, for the firstquarter ended March 31, 2009. This compares to net sales of $76.5 million and anet loss of $6.2 million, equal to $0.40 per share, in the year ago quarter. Underlying the Company`s performance, and as previously reported, the lack ofadequate financing in 2008 and the first quarter of 2009 resulted insignificantly lower sales of domestic automotive and light truck heat exchangeproducts that the Company purchases overseas. The Company believes that the lackof sufficient financing reduced total net sales by over 20% in the firstquarter.
In addition, first quarter 2009 results were also negatively affectedby a number of additional factors, including lower than expected sales volume inthe Company`s domestic automotive and light truck air conditioning business,necessitating a $0.8 million increase in reserves for excess inventory; a $1.5million write-off of a receivable from a customer which is in the process ofliquidation; restructuring costs of $0.8 million related to the reduction ofpersonnel and infrastructure expenses in the U.S. and Mexico; and a $1.9 millionwrite-off of previously capitalized financing costs no longer related to therefinancing process. The Company also noted that additional restructuringactions to improve future performance are expected in subsequent quarters. While Proliance has been unable to purchase sufficient product to meet strongdemand, fill rates on many products manufactured by the Company have continuedto be satisfactory.
A recent amendment to Proliance`s loan agreement with itssenior lender, to temporarily remove remaining revolving loan blocks, isincreasing the availability of funds by a limited amount, which should help toimprove near-term fill rates. However, the prompt refinancing of the Company`ssenior debt to provide greater liquidity is becoming increasingly critical forthe successful operation of the business. While international sales and profitability were slightly lower than the yearago period, first quarter 2009 results also reflected the negative effect ofcurrency translation due to a stronger US dollar versus the Euro and the Mexicanpeso, and general softness related to the worldwide recession, offset in part bycontinued strength in the marine business in Europe. Refinancing UpdateThe Company has, with the assistance of investment banking firms, run andcontinues to run, an extensive process to identify and consider all availableoptions in an attempt to refinance its current credit agreement with theobjective of providing Proliance with adequate liquidity to continue to operateits business. As a result, Proliance has received a number of indications ofinterest, including some refinancing proposals described in the Company`s priorcommunications.

