Yet another Medsite.com news release this am...
David Raine
Vancouver
Medsite Partners With MBNA in Credit Card Offering for the Medical Community
Story Filed: Wednesday, September 22, 1999 7:16 AM EST
NEW YORK, Sep 22, 1999 (BUSINESS WIRE) -- Medsite, the physician's home on the Internet, announced today a partnership with MBNA America Bank, the leading issuer of affinity credit cards, to offer the Medsite Platinum Plus MasterCard to physicians and other members of the medical community. The credit card will be made available to all members of the medical community that visit the Medsite Money site as well as via traditional marketing efforts.
"The Internet has spawned an excess of choice in new online efforts to sell everything from prescriptions to books to medical supplies," said Sundeep Bhan, Founder and CEO of Medsite. "We believe that the Internet is the inevitable sales channel in the healthcare industry and as a major player in this space, the ability for physicians to easily make purchases is a critical part of what we offer.
The Medsite credit card will enable users to make purchases wherever MasterCard is accepted, as well offer benefits to those customers who use the Medsite card for transactions on Medsite's leading e-commerce channels, including Medsite MedBookstore, Software and Supplies.
The Medsite credit card offering is one of many features to be found on Medsite's eFinancial site for the medical community, Medsite Money. Medsite Money provides essential products, services and content to satisfy the full spectrum of financial needs educational, business and personal - of the practicing and retired physician, medical student and resident.
Current offerings on Medsite Money include: stock quotes, charting, IPO information, healthcare business news, personal stock portfolio monitoring, equipment leasing, financial planning consultation, alternative investments, insurance and many practice management services.
"With 62 percent of the more than 700,000 physicians self-employed, and thus facing significant time constraints on a daily basis, we saw the opportunity to present an eFinancial destination that offers physician-focused financial products and services that would enable the physician to spend more time with patients, while still growing the business with confidence and security," said Bhan.
About Medsite.com
Headquartered in New York City's Silicon Alley, Medsite.com, Inc. is the physician's home on the Internet. The company, which operates Medsite.com ( www.medsite.com), offers a comprehensive range of user-friendly solutions in the categories of medical ecommerce, medical information, and communication services. Building on its first Internet business, MedBookStore, Medsite has become a healthcare destination site offering an extensive selection of medical books, software, journals and supplies, electronic physician credentialing, the latest medical news, a scheduling tool for the medical community, a customizable finance channel, continuing medical education, and numerous other services, geared towards "making the practice click."
Founded in 1995, Medsite currently draws over 12,000 visitors a day and has approximately 150,000 registered users. The company has developed strategic partnerships and alliances with industry-leading hospitals, medical schools, associations, and healthcare companies from more than 60 countries. Medsite's customers include physicians, residents, nurses, medical students, physician assistants and pharmaceutical companies.
About MBNA
MBNA Corporation, a bank holding company and parent of MBNA America Bank, N.A., a national bank, has more than $66 billion in managed loans. MBNA, the largest independent credit card lender in the world, also provides retail deposit, consumer loan, and insurance products. |
