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Covisint has plan to cut GM health costs.(General Motors Corp.)
Crain's Detroit Business, November, 2005 by Dietderich, Andrew
Byline: Andrew Dietderich Detroit-based Covisint has submitted a plan to General Motors Corp. that Peter Karmanos Jr. said could save the automaker a possible $660 million in annual health care costs. Karmanos, chairman and CEO of Compuware Corp., said on Nov. 7 that Covisint submitted the proposal to GM.
He revealed the information during the Goldman Sachs Software & IT Services Retreat 2005 tech conference in New York City. Compuware bought Covisint for $7 million in 2004. Covisint CEO Bob Paul said during the conference that the savings would come by making health care more manageable through more efficient information-sharing among private care physicians, hospital networks and insurance companies via a secure network fully compliant with the Health...
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