BioScrip, Inc. Q2 2009 Earnings Call Transcript

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2009-07-30 09:07:26.0

Tags: Call Transcript, Quarter, Earnings, Collaboration Tool, Tool, BioScrip Inc., Collaboration, Groupware, Productivity, Enterprise Software, Software, Seeking Alpha

Question-and-Answer Session

Operator

Thank you. (Operator instructions) Our first question comes from the line of Mike Petusky from Noble Research. Please go ahead with your question.

Mike Petusky -- Noble Research

Good morning, guys and excellent quarter. A couple of housekeeping – if you mentioned I didn’t catch it, did you guys break out the revenue between the PBM and the Specialty.

Stanley Rosenbaum

No, we did not.

Mike Petusky -- Noble Research

Could you do that, Stan?

Stanley Rosenbaum

Okay. For the quarter, the Specialty Services was $275,461,000 and the PBM Services 53,288,000.

Mike Petusky -- Noble Research

Okay, alright great. And, Stan, actually while I have got you there in terms of your prepared comments did I hear you say that the IT transition essentially now is targeted for year-end as opposed to end of third quarter, did I catch that right?

Stanley Rosenbaum

You did.

Mike Petusky -- Noble Research

Okay, alight. Can you guys elaborate on that I mean not that’s it the end of the world, but just what’s going on there in terms of push out [ph]?

Rick Smith

Yes, Mike, I think – this is Rick – we’ve been – really have been evaluating the functionality and also with respect to the partner collaboration tools that Rich had mentioned in his prepared comments. We are investing some additional time to put this and incorporate it into the system rollout. So, we’ve put 12 stores in during the quarter and we are doing some additional work on the partner collaboration tool and some refinement of our care management tools that we believe are critical to continuing to sell our solutions into the marketplace. So we’ll begin to – the rollout again in Q3 and are just looking to then accelerate the opportunities to get this in by year-end.

Richard Friedman

Mike, one other point, it’s Rich. The 12 stores that we’ve implemented are performing exactly to the specifications that we wanted. So this is not a question of us being unhappy at all with the software, the implementation, and the functionality of the program. What we have realized as we have moved forward in the collaboration, in the management of the chronically ill and providing the education and partnering with physicians and managed care is that we wanted greater technology and visibility and transparency back to our healthcare partners. So, what we’ve done is we’ve kind of taken the resources, wanted to enhance the tools that are already existing to provide greater management than flexibility for us. That is the only reason, it had nothing to do with anything else.

 

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