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These excerpts taken from the WBMD 10-K filed Feb 27, 2009. Relationship
with Fidelity Human Resources Services Company LLC
In February 2004, we entered into a relationship with Fidelity
Human Resources Services Company LLC, or FHRS, a provider of
human resources and benefits outsourcing administration
services. Pursuant to the agreement, FHRS serves as a
distributor of our private portal services, and in connection
therewith, FHRS integrates our products with FHRS’s
products to offer employer customers of FHRS an integrated
solution through FHRS’s
NetBenefits®
Web site. FHRS’s integrated solutions provide employees
with employer-provided health plan information and our personal
health management tools allow employees to access a personalized
view of their healthcare options so that they can make more
informed healthcare decisions. In May 2006, we expanded our
agreement with FHRS to integrate our online health care cost
planning tools with FHRS’s 401(k) savings, pension and
retirement accounts.
Pursuant to the agreement, we have agreed to cooperate in
marketing and selling to clients that are purchasing FHRS’s
health and welfare benefits outsourcing services. For those
clients, the NetBenefits site is marketed as the preferred
delivery mechanism for the WebMD private portal applications.
However, a client always retains the right to contract directly
with us, and we are permitted to provide our services directly
to a client if a client so requests. Under our agreement with
FHRS, FHRS has retained the right to terminate the distribution
of the WebMD private portal tools to an individual client at any
time.
The May 2006 amendment also extended the initial term of the
agreement to August 31, 2009, and FHRS has the right to
renew the agreement for additional terms of one year after the
initial term (not to exceed two (2) one-year renewal
terms). FHRS has agreed to certain minimum levels of employees
to be covered under the agreement. FHRS is an affiliate of FMR
Corp, which reported beneficial ownership of shares representing
approximately 5.2% of our Class A Common Stock at
December 31, 2008, and approximately 9.9% of HLTH’s
common stock at December 31, 2008.
Relationship with Fidelity Human Resources Services Company LLC In February 2004, we entered into a relationship with Fidelity Human Resources Services Company LLC, or FHRS, a provider of human resources and benefits outsourcing administration services. Pursuant to the agreement, FHRS serves as a distributor of our private portal services, and in connection therewith, FHRS integrates our products with FHRS’s products to offer employer customers of FHRS an integrated solution through FHRS’s NetBenefits® Web site. FHRS’s integrated solutions provide employees with employer-provided health plan information and our personal health management tools allow employees to access a personalized view of their healthcare options so that they can make more informed healthcare decisions. In May 2006, we expanded our agreement with FHRS to integrate our online health care cost planning tools with FHRS’s 401(k) savings, pension and retirement accounts. Pursuant to the agreement, we have agreed to cooperate in marketing and selling to clients that are purchasing FHRS’s health and welfare benefits outsourcing services. For those clients, the NetBenefits site is marketed as the preferred delivery mechanism for the WebMD private portal applications. However, a client always retains the right to contract directly with us, and we are permitted to provide our services directly to a client if a client so requests. Under our agreement with FHRS, FHRS has retained the right to terminate the distribution of the WebMD private portal tools to an individual client at any time. The May 2006 amendment also extended the initial term of the agreement to August 31, 2009, and FHRS has the right to renew the agreement for additional terms of one year after the initial term (not to exceed two (2) one-year renewal terms). FHRS has agreed to certain minimum levels of employees to be covered under the agreement. FHRS is an affiliate of FMR Corp, which reported beneficial ownership of shares representing approximately 5.2% of our Class A Common Stock at December 31, 2008, and approximately 9.9% of HLTH’s common stock at December 31, 2008. These excerpts taken from the WBMD 10-K filed Feb 29, 2008. Relationship
with Fidelity Human Resources Services Company LLC
In February 2004, we entered into a relationship with Fidelity
Human Resources Services Company LLC, or FHRS, a provider of
human resources and benefits outsourcing administration
services. Pursuant to the agreement, FHRS serves as a
distributor of our private portal services, and in connection
therewith, FHRS integrates our products with FHRS’s
products to offer employer customers of FHRS an integrated
solution through FHRS’s
NetBenefits®
Web site. FHRS’s integrated solutions provide employees
with employer-provided health plan information and our personal
health management tools allow employees to access a personalized
view of their healthcare options so that they can make more
informed healthcare decisions. In May 2006, we expanded our
agreement with FHRS to integrate our online health care cost
planning tools with FHRS’s 401(k) savings, pension and
retirement accounts.
Pursuant to the agreement, we have agreed to cooperate in
marketing and selling to clients that are purchasing FHRS’s
health and welfare benefits outsourcing services. For those
clients, the NetBenefits site is marketed as the preferred
delivery mechanism for the WebMD private portal applications.
However, a client always retains the right to contract directly
with us, and we are permitted to provide our services directly
to a client if a client so requests. Under our agreement with
FHRS, FHRS has retained the right to terminate the distribution
of the WebMD private portal tools to an individual client at any
time.
The May 2006 amendment also extended the initial term of the
agreement to August 31, 2009, and FHRS has the right to
renew the agreement for additional terms of one year after the
initial term (not to exceed two (2) one-year renewal
terms). FHRS has agreed to certain minimum levels of employees
to be covered under the agreement. FHRS is an affiliate of FMR
Corp, which had beneficial ownership of approximately 16.5% of
our Class A Common Stock at December 31, 2007, and
approximately 13.6% of HLTH’s common stock at
December 31, 2007.
Relationship with Fidelity Human Resources Services Company LLC In February 2004, we entered into a relationship with Fidelity Human Resources Services Company LLC, or FHRS, a provider of human resources and benefits outsourcing administration services. Pursuant to the agreement, FHRS serves as a distributor of our private portal services, and in connection therewith, FHRS integrates our products with FHRS’s products to offer employer customers of FHRS an integrated solution through FHRS’s NetBenefits® Web site. FHRS’s integrated solutions provide employees with employer-provided health plan information and our personal health management tools allow employees to access a personalized view of their healthcare options so that they can make more informed healthcare decisions. In May 2006, we expanded our agreement with FHRS to integrate our online health care cost planning tools with FHRS’s 401(k) savings, pension and retirement accounts. Pursuant to the agreement, we have agreed to cooperate in marketing and selling to clients that are purchasing FHRS’s health and welfare benefits outsourcing services. For those clients, the NetBenefits site is marketed as the preferred delivery mechanism for the WebMD private portal applications. However, a client always retains the right to contract directly with us, and we are permitted to provide our services directly to a client if a client so requests. Under our agreement with FHRS, FHRS has retained the right to terminate the distribution of the WebMD private portal tools to an individual client at any time. The May 2006 amendment also extended the initial term of the agreement to August 31, 2009, and FHRS has the right to renew the agreement for additional terms of one year after the initial term (not to exceed two (2) one-year renewal terms). FHRS has agreed to certain minimum levels of employees to be covered under the agreement. FHRS is an affiliate of FMR Corp, which had beneficial ownership of approximately 16.5% of our Class A Common Stock at December 31, 2007, and approximately 13.6% of HLTH’s common stock at December 31, 2007. This excerpt taken from the WBMD 10-K filed Mar 2, 2007. Relationship
with Fidelity Human Resources Services Company LLC
In February 2004, we entered into a relationship with Fidelity
Human Resources Services Company LLC, or FHRS, a provider of
human resources and benefits outsourcing administration
services. Pursuant to the agreement, FHRS serves as a
distributor of our private portal services, and in connection
therewith, FHRS integrates our products with FHRS’s
products to offer employer customers of FHRS an integrated
solution through FHRS’s
NetBenefits®
Web site. FHRS’s integrated solutions provide employees
with employer-provided health plan information and our personal
health management tools allow employees to access a personalized
view of their healthcare options so that they can make more
informed healthcare decisions.
In May 2006, we expanded our agreement with FHRS to
integrate our online health care cost planning tools with
FHRS’s 401(k) savings, pension and retirement accounts.
Pursuant to the agreement, we have agreed to cooperate in
marketing and selling to clients that are purchasing FHRS’s
health and welfare benefits outsourcing services. For those
clients, the NetBenefits site is marketed as the preferred
delivery mechanism for the WebMD private portal applications.
However, a client always retains the right to contract directly
with us, and we are permitted to provide our services directly
to a client if a client so requests. Under our agreement with
FHRS, FHRS has retained the right to terminate the distribution
of the WebMD private portal tools to an individual client at any
time.
The May 2006 amendment also amended the initial term of the
agreement through August 31, 2009, and FHRS has the right
to renew the agreement for additional terms of one year after
the initial term (not to exceed two (2) one-year renewal
terms). FHRS has agreed to certain minimum levels of employees
to be covered under the agreement. FHRS is an affiliate of FMR
Corp, which had beneficial ownership of approximately 10.8% of
our Class A Common Stock at December 31, 2006, and
approximately 13.0% of Emdeon’s common stock at
December 31, 2006.
This excerpt taken from the WBMD 10-K filed Mar 16, 2006. Relationship
with Fidelity Human Resources Services Company LLC
In February 2004, we entered into a relationship with Fidelity
Human Resources Services Company LLC, or FHRS, a provider of
human resources and benefits outsourcing administration
services. Pursuant to the agreement, FHRS serves as a
distributor of our private portal services, and in connection
therewith, FHRS integrates our products with FHRS’s
products to offer employer customers of FHRS an integrated
solution through FHRS’s
NetBenefits®
Web site. FHRS’s integrated solutions provide employees
with employer-provided health plan information and our personal
health management tools allow employees to access a personalized
view of their health care options so that they can make more
informed healthcare decisions.
Pursuant to the agreement, we have agreed to cooperate in
marketing and selling to clients that are purchasing FHRS’s
health and welfare benefits outsourcing services. For those
clients, the NetBenefits site is marketed as the preferred
delivery mechanism for the WebMD private portal applications.
However, a client always retains the right to contract directly
with us, and we are permitted to provide our services directly
to a client if a client so requests. Under our agreement with
FHRS, FHRS has retained the right to terminate the distribution
of the WebMD private portal tools to an individual client at any
time.
The initial term of the agreement runs through August 31,
2007, and FHRS has the right to renew the agreement for
additional terms of one year after the initial term (not to
exceed four (4) one-year renewal terms). FHRS has agreed to
certain minimum levels of employees to be covered under the
agreement. FHRS is an affiliate of FMR Corp, which reported
beneficial ownership of approximately 2.7% of our common stock
at December 31, 2005, and 15.5% and 10.8% of Emdeon’s
common stock at December 31, 2005 and December 31,
2004, respectively.
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