Medix Resources Launches Standalone
Universal Interface Product for Physicians; Cymedix Product to be
Distributed by Technology Partners -- To Generate Additional Revenues
Business Editors/Health & Medical Writers
NEW YORK--(BW HealthWire)--Jan. 4, 2001--Medix Resources Inc.
(AMEX:MXR) today announced the launching of a stand-alone version of
its proprietary Cymedix(R) Universal Interface (CUI), representing a
new business line for Medix.
The stand-alone CUI, which will generate additional revenue with
minimal associated cost, will be distributed independently by software
vendors to physician users. The CUI will enable efficient access by
next-generation applications to data contained within pre-existing
software systems. The Company indicated its distribution partnerships
will also establish a foundation for future alliances in a broad range
of areas -- both healthcare and non-healthcare related.
A Technology Foundation for Collaboration in Healthcare
The CUI connectivity technology enables collaboration between
physicians and healthcare insurers, hospitals, labs and pharmacy
benefit management companies. The distinguishing characteristic of
this technology is that the objectives of both physicians and payors
are equally served. The CUI enables physicians to execute secure
transactions through the Internet while utilizing their existing
practice management systems.
According to Medix, both groups have significant economic
incentives to streamline their manual processes that consume many
billions of dollars each year in clinical and administrative waste.
However, the Company said that this inefficiency has also contributed
to widespread friction between these partners, creating a strong need
for Medix' CUI connectivity technology.
Medix believes that the market for its CUI is especially large
within healthcare, where it is widely estimated that there are in
excess of 3,000 PPMS (physician practice management systems) versions
used by physicians across the United States. The Company currently
offers its CUI both directly within selected markets, as well as
nationally through core distribution partners. "Hand-held solutions
providers are a natural partnership opportunity for distribution of
the CUI," John Prufeta, President and Chief Executive Officer of Medix
Resources, commented. "The hand-held market in healthcare is
exploding. The CUI is a technology that enhances any hand-held
offering. This presents Medix with a tremendous opportunity to
distribute the Medix array of transaction services to physician
desktops nationwide."
Mr. Prufeta added, "The healthcare industry needs a reliable
connectivity solution. Our standalone Cymedix(R) Universal Interface
was developed in response to the significant interest that we have
received from third-party healthcare applications vendors. We will
make the CUI available on a selective basis within healthcare, keeping
in mind the importance of this technology for Medix and its partners
in gaining a competitive advantage within the geographic markets where
we are focused. Disparate systems in healthcare are a major impediment
to the free exchange of vital data between physicians and payors. The
CUI offers an efficient and inexpensive way to move information
between these islands of automation."
According to David Pfeil, Executive Vice President and Chief
Technology Officer of Medix Resources, "The standalone CUI product is
a perfect fit for the hand-held healthcare vendor community. This
product is an excellent tool to feed practice management information
to these devices, thereby eliminating the need for the physician
practice user to re-key large quantities of data. Furthermore,
physicians want a full complement of transaction capabilities through
their hand-held device. Our hand-held partners will now be able to
meet this need by offering the full array of Medix transactions to
their physicians. This is a winning proposition for all parties
concerned -- Medix, our hand-held partners, and the end-user
physicians."
About the CUI
The CUI eliminates the need for expensive interface programming,
allowing the rapid creation of a communications bridge between
physician practice management systems (PPMS) and virtually any local
or remote application -- such as managed care systems and handheld
applications.
About Medix Resources, Inc.
Medix Resources, Inc. through its wholly owned subsidiary Cymedix
Lynx Corporation is the developer and provider of the Cymedix(R) suite
of fully-secure, patented Internet based software products, that will
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 Medix operating results in the future to a material degree.
Such risks and uncertainties include, without limitation, the ability
of Medix to raise capital to finance the development of its software
products, the effectiveness and the marketability of those products,
the ability of Medix to protect its proprietary information, and the
establishment of an efficient corporate operating structure as Medix
grows. These and other risks and uncertainties are presented in detail
in the Medix Form 10-KSB for 1999,and its Form 10-QSB for the third
quarter of 2000, which were filed with the Securities and Exchange
Commission on March 30, 2000, and November 14, 2000, respectively.
This information is available from the SEC or Medix.
Note to Editors: This press release and prior releases are
available on the KCSA Public Relations Worldwide Web site at
www.kcsa.com |
