ProxyMed, Inc. Announces 27 Additional Customers and Relationships
July 6, 1999 07:23 AM
FT. LAUDERDALE, Fla., July 6 /PRNewswire/ -- ProxyMed, Inc. PILL , a healthcare information services company, toady announced that it has added 27 new health care organizations to its customer base. The new customers include two Independent Physician Associations ("IPAs"), three payers, four practice management vendors, a large provider and seventeen clinical and hospital laboratories.
Roy Glazier, Vice-President of Sales for ProxyMed's Financial Transaction Services division, commented, "We are very pleased with the pace at which our customer base is expanding. Along with the announcement of an agreement with IDX.com, which will put us on the desktop of 20% of the nation's physicians, we have added relationships with 10 very strong regional healthcare organizations and 17 clinical and hospital labs. Through these new customers we will significantly expand the breadth of our geographic coverage adding access to over 950 physicians, 2 million covered lives, five payers, and seventeen labs in five new and existing markets."
Lonnie Hardin, ProxyMed's Senior Vice President of Financial Transaction Services concluded, "Managing the administrative burdens within healthcare organizations is a huge, time consuming task. We believe these new customer additions will allow us to successfully expand ProxyMed's presence across all of our product lines by eliminating many of the administrative burdens these healthcare organizations struggle with. Ultimately this will allow them to focus a greater portion of their time on providing their patients with a higher quality of care. In addition, as we role out our Office Web Portal Site, ProxyMed.com later this summer, we will be able to transition these customers to our web products more efficiently and cost effectively."
The new additions to the ProxyMed customer base since its last update on April 22, 1999 include:
Customer Type of Customer Kaiser Foundation Health Plan of Colorado IPA New York Medical Imaging, PLLC IPA Coventry Health Care, Inc. Payer Health Plan Services, Inc. Payer VertiHealth Administrative Services Payer Brae Computer Systems Practice Management Vendor Fox Meadows Software, Ltd. Practice Management Vendor Per-Se' Transaction Services, Inc. Practice Management Vendor Randak Systems, Inc. Practice Management Vendor University of California-Davis Provider
ProxyMed, Inc., based in Ft. Lauderdale, Florida, is a healthcare information service company that provides on-line clinical and financial electronic data interchange (EDI) services to physicians, nursing homes, pharmacies, commercial and hospital laboratories, insurance companies and managed care organizations through its secure national health care information network, ProxyNet.
Note: This News Release contains "forward-looking statements" by ProxyMed within the meaning of the federal securities laws. These forward-looking statements include assumptions, beliefs and opinions relating to the Company's growth strategy based upon the Company's interpretation and analysis of healthcare industry trends and management's ability to successfully develop, implement, market and sell its network transaction processing services, software programs, clinical databases and financial transaction services to physicians and other healthcare providers. This strategy assumes that physicians will prefer "one-stop shopping" for its products and services and that the Company will be able to successfully develop, acquire, maintain and upgrade competitive clinical and financial transaction sets and successfully integrate them with the Company's existing products and services. This strategy also assumes that the Company will be able to successfully develop and execute its strategic relationships especially with the providers of information systems to physicians under the Company's electronic commerce partner program, and with medical laboratories, pharmacy chains, independent pharmacy owners and pharmacy information system vendors. Many known and unknown risks, uncertainties and other factors, including general economic conditions, healthcare reform initiatives, millennium compliance issues that may arise, and risk factors such as potential patent infringement claims detailed from time to time in the Company's Securities and Exchange Commission filings, may cause these forward-looking statements to be incorrect, and may cause actual results to be materially different from any future results expressed or implied by these assumptions.
SOURCE ProxyMed, Inc.
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