ProxyMed, Inc. and Kinetra Sign Network Services Agreement
February 25, 1998 07:31 AM
FT. LAUDERDALE, Fla., Feb. 25 /PRNewswire/ -- ProxyMed, Inc. PILL , a healthcare information technology company, announced today it has finalized an agreement with Kinetra, formerly IMS MEDACOM(R) Networks. Under the terms of the agreement, ProxyMed will connect its on-line healthcare network, ProxyNet(TM) to Kinetra's network, enabling Kinetra's physician clients to transmit prescription orders and receive refill requests with ProxyMed's subscribing pharmacies through ProxyNet.
Kinetra is a leading provider of health information networks to hospitals and integrated delivery systems. Its nationwide networks provide clinical and administrative transaction processing to more than 70,000 physicians.
"The partnership with ProxyMed will provide our healthcare clients with access to key pharmacy providers," stated Tim Hargarten, Kinetra's Chief Executive Officer. "The pharmacy-to-pharmacy connection with ProxyMed will create efficiencies in the physician's practice, reduce overall cost of prescription writing and enhance the value of our networks by extending our reach into another critical area of healthcare."
"We are very pleased to have Kinetra as our partner. Kinetra's vast physician network has the potential to significantly increase ProxyMed's electronic pharmacy ordering transaction volume," said Bruce Roberson, ProxyMed's Executive Vice President of Sales and Marketing. "The network relationship we have established with Kinetra will benefit all of our healthcare trading partners, physicians, hospitals and pharmacy providers by helping them gain operational efficiency and reduced costs."
Kinetra, based in Golden, Colorado, leads the nation in providing health information networks and services that enhance decision-critical information flow within the healthcare field. Today, several hundred hospitals, managed care organizations, clinical reference labs, pharmaceutical companies and other healthcare organizations, communicate via 50 networks, and more than 70,000 physicians conduct 45 million transactions annually. Kinetra is an EDS - IMS MEDACOM company.
ProxyMed, Inc., based in Ft. Lauderdale, Florida, is a healthcare information service company that provides on-line clinical and financial electronic data interchange (EDI) services to physicians. ProxyMed connects physicians to pharmacies, commercial and hospital laboratories, payors and managed care companies through its secure national healthcare information network, ProxyNet.
Note: This News Release contains "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements include assumptions, beliefs and opinions relating to ProxyMed's growth strategy based upon ProxyMed's interpretation and analysis of healthcare industry trends and management's ability to successfully develop, implement, market and sell its secure network transaction processing services, software programs, clinical databases and financial transaction services to physicians and other healthcare providers. This strategy assumes that physicians will prefer "one-stop shopping" for its products and services and that ProxyMed will be able to successfully develop, acquire, maintain and upgrade competitive clinical and financial transaction sets and successfully integrate them with ProxyMed's existing products and services. This strategy also assumes that ProxyMed will be able to successfully develop and execute its strategic relationships, especially with the providers of information systems to physicians under ProxyMed's electronic commerce partner program, and with pharmacy chains, independent pharmacy owners and pharmacy information system vendors. Many known and unknown risks, uncertainties and other factors, including general economic conditions and risk factors detailed from time to time in ProxyMed's Securities and Exchange Commission filings, may cause these forward-looking statements to be incorrect, and may cause actual results to be materially different from any future results expressed or implied by these assumptions, opinions and beliefs. ProxyMed expressly disclaims any intent or obligation to update any forward-looking statements.
More information on ProxyMed is available on their home page at proxymed.com. SOURCE ProxyMed, Inc. |
