Below is a example of how Java is being used to make business more productive.
University Affiliates IPA Medical Group Chooses e-MedSoft.com; Affiliate of USC School of Medicine Is Largest Fully Accredited IPA in the Nation
LOS ANGELES--(BUSINESS WIRE)--June 29, 1999--
Sam J.W. Romeo, M.D., M.B.A., President and CEO to
Serve on e-Med Board
e-MedSoft.com (OTC BB:MDTK) today announced that University Affiliates IPA Medical Group has chosen e-MedSoft.com to exclusively serve University's vast and growing network of more than 2,500 physicians and 80,000 patients.
The parties have structured a detailed arrangement to last at least 10 years. University Affiliates IPA Medical Group, an affiliate of the USC School of Medicine, was the first accredited IPA in the nation, and remains the largest nonprofit accredited IPA in the United States.
Included among University's health plans are Blue Cross, BPS, Care First, CIGNA, Community Health Plan, Foundation Health Plan, Health Net, Maxicare and Universal Care. University Affiliates IPA Medical Group received the first-ever accreditation from the Accreditation Association for Ambulatory Health Care (AAAHC), the nation's leader in ambulatory health-care accreditation.
The arrangement -- which is subject to execution of final documentation -- is estimated by the company to represent another significant penetration by the company into the national health-care market. Upon full implementation, the deal is believed to be worth more than $100 million to e-MedSoft.com.
Sam J.W. Romeo, M.D., M.B.A. -- president and chief executive officer of University Affiliates -- has committed to serve on the company's board of directors. Dr. Romeo has more than 30 years of experience in the health-care field and is considered to be one of the nation's leaders in ambulatory health-care accreditation.
In addition to having held senior faculty positions at the USC School of Medicine, the Medical College of Wisconsin, and the St. Louis University School of Medicine, Dr. Romeo has also served as the medical director of several HMOs in California, Florida and New York, and is licensed to practice medicine in the states of California, Florida, Idaho, Missouri and Wisconsin.
Dr. Romeo received the prestigious Physician Executive of the Year Award given by the American College of Medical Practice Executives in October of 1998.
In a related transaction, e-MedSoft.com will acquire University Affiliate's proprietary SamSyn Integrated Information System, and e-MedSoft.com will immediately merge the SamSyn system into the company's 100% Pure Java architecture.
The SamSyn system was developed at a cost of more than $6 million by University Affiliates, and includes several sophisticated enhancements in the area of managed care enrollment and eligibility, authorization tracking, referral management system, capitation analysis, premium billing, benefit plan building, claims payment and reporting.
John F. Andrews, CEO of e-MedSoft.com, commented: "This is certainly one of the most exciting times for our young company. As our products and services have become accepted, we have remained confident that acceptance would place us in relationships with organizations as prestigious and forward looking as University Affiliates IPA Medical Group.
"Dr. Romeo has done an extraordinary job in reconstituting the solution to the nation's health-care crises by giving control and management back to physicians while heightening the standards which should be demanded in health care.
"The marriage with e-MedSoft.com will serve to enhance and boost these objectives, and we are extremely gratified that University Affiliates has chosen us to assist in their rapid expansion."
About e-MedSoft.com
e-MedSoft.com, with its recently acquired medical software product being sold under the trade name e-MedSoft.com, is leading a transition in the medical industry, as it is the first subscription-based health-care management system available for delivery through the Internet.
Users of the software are charged a small up-front installation fee, and an ongoing subscription fee based on transaction volume. The medical software is a complete health-care management system.
Through the Internet, its Java-based integrator, utilizing Sun Microsystems Inc.'s (NASDAQ:SUNW) Java technology, allows the e-MedSoft.com software to communicate across diverse platforms and languages in unlimited capacity, allowing for the interlink of doctors, hospitals, clinics, HMOs, insurance companies, financiers and government agencies.
The ease and low cost with which it can be implemented, its Internet connectivity, and its ability to allow for the exchange of information across diverse platforms and systems bode well for its widespread adoption by the medical community. For more information, see mdtk.com.
Statements in this news release that relate to management's expectations or beliefs concerning future plans, expectations, events and performance are "forward-looking" within the meaning of the federal securities laws. Actual results or events could differ materially from those anticipated in the forward-looking statements due to a variety of factors, including, without limitation, acceptance by customers of the company's products, changing technology, competition in the health-care market, government regulation of health care, the company's limited operating history, general economic conditions, and availability of capital.
Note to Editors: Java and 100% Pure Java are trademarks of Sun Microsystems Inc. in the United States and other countries. All other trademarks, tradenames, registered trademarks or registered tradenames are the property of their respective holders.
CONTACT:
Magnum Financial Group LLC, Los Angeles
Michael Manahan, 213/488-0443
msmanahan@magnumfinancial.com
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