Medix in Joint Technology and Deployment Pact With ParkStone
NEW YORK, Jul 27, 2000 (BUSINESS WIRE) --
Agreement Combines Parkstone Medical
Information Systems Handheld Expertise With
Medix Patented Connectivity Technology
Medix Resources, Inc. (AMEX:MXR), through its wholly-owned subsidiary, Cymedix
Lynx Corporation (Cymedix(R)), announced today that it has reached a definitive
agreement with ParkStone Medical Information Systems, Inc. (ParkStone) to
jointly develop and deploy an integrated solution that combines Cymedix(R)
business-to-business (BtoB) Internet healthcare communication systems with
ParkStone's leading handheld solutions for physicians.
The agreement between ParkStone and Cymedix(R) will allow both companies to
operate independently while joining forces to present a wide array of clinical
and financial information services to the healthcare provider via handheld
devices as well as computer desktops. ParkStone will utilize Cymedix'(R)
patented universal interface to create a seamless connection to the healthcare
provider's existing practice management information systems. Cymedix(R) will
also provide connectivity services to reference labs and certain pharmacy
benefit management (PBM) companies, as well as electronic claims processing
services.
ParkStone will continue to develop its handheld technologies for the delivery of
lab order results, diagnostic testing orders and results, and pharmacy
transactions at the point of care. Joint marketing efforts are expected to fuel
the rapid growth and deployment of integrated electronic care management
solutions for health care organizations through the combined ParkStone and
Cymedix(R) systems
"I am delighted to have the opportunity to partner with ParkStone," stated John
R. Prufeta, President and Chief Executive Officer of Medix Resources. "This
agreement represents a significant step forward for Medix Resources in
delivering a next generation platform to enable physician connectivity with
payors, allied and ancillary providers and hospitals."
"The relationship between ParkStone and Cymedix(R) is a perfect fit for both
companies," stated David Pfeil, President of Cymedix and Executive Vice
President and Chief Technology Officer of Medix Resources. "ParkStone is a
leader in the deployment of handheld technology for providers. The integration
of our technologies will accelerate the delivery of the current BtoB
connectivity that Cymedix(R) is deploying with PBMs and Health Systems. By
enabling ParkStone's products to access these various connectivity products, we
can focus our resources on connecting additional lab, PBM, and insurance
organizations, which will improve both companies position in the marketplace,
while delivering a superior suite of services to our customers."
John Johnson, President and Chief Executive Officer of ParkStone commented,
"Through this alliance with Cymedix, ParkStone will be able to accelerate and
expand its suite of products and services that can be delivered to physicians at
the point-of-care using ParkStone's hand-held computer technology." He
continued, "Physicians are confronted with many inefficiencies in their
day-to-day practice, conformity with health plan formulary and reimbursement
rules among others currently addressed by the ParkStone System." Through the
Cymedix and ParkStone agreement, physicians will be able to greatly simplify the
process of ordering and receiving lab and other diagnostic results, speed up and
improve accuracy of billing and charge capture, as well as providing increased
connectivity to numerous third party information resources, all delivered
through software applications in the palm of physicians' hands."
About ParkStone Medical Information Systems, Inc.
Founded in 1997 by Glenn M. Parker, M.D., a board certified internist, and Lewis
P. Stone, B.S., C.S.E., a software systems architect, ParkStone Medical
Information Systems, Inc. is a leader in the development of hand-held solutions
for physicians. Today over 1,000 physicians are using ParkStone's mobile
hand-held solution for medication management, referral generation and diagnostic
test management. ParkStone is a privately held company based in Ft. Lauderdale,
Fla. and funded by Oak Investment Partners, Partech International, Cardinal
Health Partners and Salix Ventures. For more information about ParkStone, please
visit the ParkStone Web site at parkstonemed.com or contact Tim Brons
212-213-0006 or Michael Tabris 561-369-1411. About Medix Resources, Inc.
Medix Resources, Inc. through its wholly-owned Cymedix subsidiary, is a
developer and provider of a suite of fully-secure, patented Internet based
software products, that allow instantaneous communication of high value added
healthcare information among doctor offices, hospitals, health management
organizations and insurance companies. Additional information about Medix
Resources and its products and services can be found by visiting its Web sites,
www.medixresources.com and www.cymedix.com, or by calling 800/326-8773.
Information in this press release contains forward-looking statements that
involve risks and uncertainties that might adversely affect the Company's
operating results in the future to a material degree. Such risks and
uncertainties include, without limitation, the ability of the Company to raise
capital to finance the development of its software products, the effectiveness
and the marketability of those products, the ability of the Company to protect
its proprietary information, and the establishment of an efficient corporate
operating structure as the Company grows. These and other risks and
uncertainties are presented in detail in the Company's Form 10-KSB for 1999,
which was filed with the Securities and Exchange Commission on March 30, 2000.
This information is available from the SEC or the Company.
This press release and prior releases are available on the KCSA Public Relations
Worldwide Web site at www.kcsa.com
CONTACT: MEDIX RESOURCES, INC., New York
John R. Prufeta, President and CEO
212/697-7207
212/697-3509 (fax)
jprufeta@cymedix.com
or
KCSA, New York
Joseph A. Mansi/Sara Sheppard
212-896-1205 - 212-896-1236 - 212-697-0910 (fax)
jmansi@kcsa.com - sshepard@kcsa.com
www.kcsa.com |
