MedcomSoft Inc -
MedcomSoft virtual network agreement with Med-Emerg
MedcomSoft Inc
MDCM
Shares issued 17,833,333
1999-11-15 close $0.85
Tuesday Nov 16 1999
Mr. Carl Pahapill of Med-Emerg reports
Med-Emerg International Inc. (Nasdaq: MDER-MDERW), has signed a letter of
intent with MedcomSoft Inc., a leading provider of Web-integrated healthcare
provider systems, to develop a nationwide virtual health information network and
secure Web browser healthcare applications for consumers and physicians. These
applications will be used by Med-Emerg's subsidiary, HealthyConnect.com Inc.,
an Internet information technology company.
By combining Med-Emerg's primary care operation, its new secure Web-browser
applications and the Professional Health Monitor 1.0 and MedcomSoft's
MedWorks 3.0 practice management and Web-enabled medical record software,
consumers will be able to access reliable health information and advice that has
been prescreened by their physicians. Families will have point and click access to
their personal electronic health records and wellness plans in complete privacy
thereby empowering them to take control and manage their health in partnership
with their physician.
Under the contemplated transactions, Med-Emerg's contracted physicians will be
supplied with MedcomSoft's leading MedWorks 3.0 software product. The initial
200 licences are to be implemented before the end of the next quarter. In addition,
Med-Emerg and MedcomSoft will enter into a partnership for the co-marketing
and distribution of their respective products and services in both Canada and the
United States.
Carl W. Pahapill, president of Med-Emerg said: "Med-Emerg and MedcomSoft
are the ideal strategic partners for Web-based healthcare information services.
After extensive research, we believe that MedcomSoft's MedWorks 3.0 is one of
the leading electronic patient medical record available on the market today that
support a full medical nomenclature and dynamically makes secure clinical data
available on the Web. Our strategy is to establish revenue-generating businesses in
all key healthcare markets as we unite healthcare professional and consumer
needs."
Sami Aita, president and chief executive officer of MedcomSoft said: "We are
very excited with the potential of this new alliance with Med-Emerg and that it will
establish a nationwide virtual healthcare information network. The addition of
Med-Emerg's Clinic@Home 1.0 and the Professional Health Monitor 1.0 Web
products will enable healthcare providers to improve the quality and efficiency
with which they treat their patients. This will make our network a unique model in
the delivery of cost effective, evidence-based healthcare in North America."
Med-Emerg, through its subsidiary HealthyConnect.com Inc., an Internet
information technology company, that uses enabling technology to link patients,
physicians and services providers. HealthyConnect.com is an eHealth industry
participant providing connectivity and Web-based products and dynamic health
information content to its rapidly growing subscriber base. Med-Emerg's medical
management arm specializes in the co-ordination and delivery of emergency and
primary healthcare related services in Canada. These services include physician
and nurse staffing and recruitment, clinical management services, the development
and management of urgent care centers, and a comprehensive physician practice
management program.
WARNING: The company relies on litigation protection for "forward-looking"
statements.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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