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Dr. Liebovitz is an Associate Professor of Clinical Medicine at the University of Chicago, one of the preeminent medical schools in the United States, and is a noted authority and teacher of Medical Informatics, the interdisciplinary science of medical information management.
The Internet's strength as a low cost, ubiquitous and flexible mass information and communications source has made the science of Medical Informatics one of the fastest growing fields in medical information management. Medical Informatics deals with a diverse range of topics that includes electronic medical records, order entry, decision support, data and knowledge representation, controlled and structured vocabularies, data acquisition and presentation, interface design, information retrieval, management issues, and standards.
"The immensity and depth of knowledge in the field of medicine and Medical Informatics that Dr. Liebovitz possesses is truly amazing," comments Mr. Jeff Aronin, President and CEO of MedCare Technologies. "As a professor and teacher, as someone who sits on several medical information technology committees and who routinely lectures across the country about Medical Informatics, Dr. Liebovitz is exactly the person we need to guide us strategically to the necessary components to be included on our sites. Dr. Liebovitz understands what tools doctors need and with the opportunities and information endless, David will help us shape our site and allow us to supercharge our growth."
Mr. Aronin continues, "Through our online properties, our goal is to build the world's largest online physician community providing free and comprehensive turn-key Internet solutions that offer the physician all the necessary tools and content in one location to manage a medical practice effectively and efficiently in today's environment. Despite being the single largest and most important component of our economy, healthcare lags most industry groups in terms of using technology. Already, relative new comers using the power of the Internet have created exciting opportunities in such diverse areasas auctions (ebay; NASDAQ: EBAY), autos (Autobytel.com; NASDAQ: ABTL), toys (etoy; NASDAQ: ETYS) and software (Digital River; NASDAQ: DRIV). Healthcare has yet to be taken into the twenty-first century, and we aim to be one of the first to do so." ABOUT MEDCAREONLINE.COM
MedCare Technologies, through its wholly owned subsidiary, Medcareonline.com, Inc., has also developed www.medcareonline.com as a comprehensive healthcare portal designed to meet the current grassroots movement sweeping across the web. With half of all doctor's patients expected to be online and researching medically related subjects within 24 months, MedCare has also developed www.treatamerica.com, America's first free turnkey Internet solution exclusively for physicians and their patients.
MedCare plans to build the world's largest online physician community through a virtual world of medical tools, information and resources using a single point of access to all medical needs. One of the services Medcareonline will offer are online auctions of medical equipment, a $97 billion world-wide market. According to Comdisco's Healthcare Group, half of all healthcare systems have yet to develop strategies for identifying and replacing high tech equipment as it ages. MedCare plans to use this opportunity to become the central place to move merchandise for hospitals, physicians and other organizations on a world-wide basis. In a recent report published by Forrester Research, online auctions were rated as one of the top three emerging business-to-business e-commerce models. Vernon Keenan, an Internet analyst at Keenan Vision, predicts the value of goods and services sold over the Internet using auction technology will be $129 billion by 2002.
For additional information, including recent analyst reports, please contact Mr. Bill Mann at 800-611-3388 or visit our website at medcareonline.com
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, changes in insurance reimbursement, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: MedCare Technologies, Inc, Oak Brook,
Mr. Bill Mann, 800/611-3388
Website: medcareonline.com
WEB PAGE: businesswire.com
GEOGRAPHY: CALIFORNIA ILLINOIS
INDUSTRY CODE: PHARMACEUTICAL
COMPUTERS/ELECTRONICS
COMED
INTERACTIVE/MULTIMEDIA/INTERNET
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