1009575--3/16/2006--EMDEON

related topics

{system, service, information}

{product, market, service}

{regulation, government, change}

{property, intellectual, protect}

{cost, regulation, environmental}

{product, liability, claim}

{capital, credit, financial}

{control, financial, internal}

{personnel, key, retain}

{acquisition, growth, future}

{operation, international, foreign}

{stock, price, operating}

{financial, litigation, operation}

{customer, product, revenue}

{stock, price, share}

Emdeon Business Services transaction volume and financial results could be adversely affected if we do not maintain relationships with practice management system vendors and large submitters of healthcare EDI transactions Contractual relationships with governmental customers may impose special burdens on us and provide special benefits to those customers, including the right to change or terminate the contract in response to budgetary constraints or policy changes Lengthy sales, installation and implementation cycles for some Emdeon Business Services applications and some Emdeon Practice Services applications may result in unanticipated fluctuations in their revenues Emdeon Practice Services faces competition in providing support services to owners of The Medical Manager and other systems Risks Related to the Businesses of WebMD WebMD has incurred and may continue to incur losses The timing of WebMD s advertising and sponsorship revenue may vary significantly from quarter to quarter Lengthy sales and implementation cycles for WebMD s private online portals make it difficult to forecast revenues from these applications If WebMD is unable to provide content that attracts and retains users to The WebMD Health Network at a level that is attractive to advertisers and sponsors, WebMD s revenue will be reduced If WebMD is unable to provide healthcare content for its offline publications that attracts and retains users, its revenue will be reduced A decline in user traffic levels for The WebMD Health Network could have a material adverse effect on its advertising and sponsorship revenue WebMD may be unsuccessful in its efforts to increase advertising and sponsorship revenue from consumer products companies WebMD may be subject to claims brought against it as a result of content it provides WebMD faces potential liability related to the privacy and security of personal information it collects from consumer and healthcare professionals through its Web sites Changes in industry guidelines or government regulation could adversely affect WebMD s online Medscape CME offerings Risks Related to the Development and Performance of the Products and Services of Emdeon Business Services, Emdeon Practice Services and WebMD Our ability to generate revenue could suffer if we do not continue to update and improve our existing products and services and develop new ones Developing and implementing new or updated products and services may take longer and cost more than expected New or updated products and services will not become profitable unless they achieve sufficient levels of market acceptance Achieving market acceptance of new or updated products and services is likely to require significant efforts and expenditures We could be subject to breach of warranty, product liability or other claims if our software products, information technology systems or transmission systems contain errors or experience failures Performance problems with our systems or system failures, whether caused by hardware, software or other problems, could cause us to lose business or incur liabilities During times when we are making significant changes to our products and services or to systems we use to provide services, there are increased risks of performance problems If our systems or the Internet experience security breaches or are otherwise perceived to be insecure, our business could suffer Performance problems with Emdeon Business Services systems could affect our relationships with customers of Emdeon Practice Services Emdeon Business Services ability to provide transaction services depends on services provided by telecommunications companies Risks Applicable to Our Use of the Internet Our Internet-based services are dependent on the development and maintenance of the Internet infrastructure Delivery of Web-based services requires uninterrupted communications and computer service from third-party service providers and our own systems Third parties may challenge the enforceability of our online agreements Government regulation of the Internet could adversely affect our business Risks Related to Providing Products and Services to the Healthcare Industry Developments in the healthcare industry could adversely affect our business Governmental and private initiatives to support adoption of healthcare information technology may encourage additional companies to enter our markets, may provide advantages to our competitors and may result in the development of technology solutions that compete with ours Government regulation of healthcare creates risks and challenges with respect to our compliance efforts and our business strategies Risks Related to Porex s Business and Industry Porex s success depends upon demand for its products, which in some cases ultimately depends upon end-user demand for the products of its customers Porex s product offerings must meet changing customer requirements Potential new or enhanced Porex products may not achieve sufficient sales to be profitable or justify the cost of their development Porex may not be able to source the raw materials it needs or may have to pay more for those raw materials Disruptions in Porex s manufacturing operations could have a material adverse effect on its business and financial results Porex may not be able to keep third parties from using technology it has developed The nature of Porex s products exposes it to product liability claims that may not be adequately covered by indemnity agreements or insurance Economic, political and other risks associated with Porex s international sales and geographically diverse operations could adversely affect Porex s operations and financial results Environmental regulation could adversely affect Porex s business Risks Applicable to Our Entire Company and to Ownership of Our Securities The ongoing investigations by the United States Attorney for the District of South Carolina and the SEC could negatively impact our company and divert management attention from our business operations Recent and pending management changes may disrupt our operations and our ability to recruit and retain other personnel We cannot assure you that the decision to evaluate strategic alternatives with respect to our Emdeon Business Services and Emdeon Practice Services segments will result in us pursuing a transaction or that any such transaction would be successfully completed Whether or not we pursue a transaction involving Emdeon Business Services and Emdeon Practice Services, there may be negative impacts on the businesses in those segments as a result of the evaluation of strategic alternatives Our success depends, in part, on our attracting and retaining qualified executives and employees We face significant competition for our products and services Third parties may bring claims as a result of the activities of our strategic partners or resellers of our products and services We may not be successful in protecting our intellectual property and proprietary rights Third parties may claim that we are infringing their intellectual property, and we could suffer significant litigation or licensing expenses or be prevented from selling products or services We have incurred and may continue to incur losses Acquisitions, business combinations and other transactions may be difficult to complete and, if completed, may have negative consequences for our business and our securityholders Our business will suffer if we fail to successfully integrate acquired businesses and technologies or to assess the risks in particular transactions

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1009575--3/16/2006--EMDEON_CORP