Monday November 9, 9:01 am Eastern Time
Company Press Release
SOURCE: Medix Resources, Inc.
Medix Resources and WellPoint Pharmacy Management Initiate
E-Commerce Enterprise for Cymedix Lynx Internet-Based Pharmacy
Management Networks
DENVER and CALABASAS, Calif., Nov. 9 /PRNewswire/ -- Medix
Resources, Inc. (OTC Bulletin Board: MDIX - news) through its
Cymedix Lynx Internet medical networks subsidiary, and
WellPoint Pharmacy Management, [a subsidiary of WellPoint
Health Networks (NYSE: WLP - news)] today announced the
initiation of an Internet-based E-commerce pilot project for
the Cymedix Lynx FRx, the first completely secure
patent-pending, Internet-based medical communications network
product.
Initially certain WellPoint Pharmacy Management clients,
comprised of physicians on the East and West Coasts, will
utilize the Internet-based Cymedix Lynx FRx product under an
E-commerce enterprise model, for the management of patient
medication history, formulary compliance, electronic
prescription, electronic formulary authorization and other
proprietary WellPoint Pharmacy Management tools. The two
companies envision expansion of the enterprise to additional
WellPoint Pharmacy Management clients covering over 16 million
lives.
''We are delighted to be affiliated with a well established
organization of the size, scope and stature of WellPoint
Pharmacy Management,'' said John P. Yeros, Chairman of Medix
Resources. ''Pending the implementation of this pilot program,
we look forward to the opportunity to expand use of our
product to in excess of 100,000 physicians affiliated with
WellPoint Pharmacy Management.''
Michael Nameth, General Manager of WellPoint Pharmacy
Management commented, ''WellPoint has made electronic commerce
and management tools, such as Cymedix Lynx, a corporate
priority. A secure Internet-based product, like Cymedix Lynx,
is something we have been trying to implement for some time.
In keeping with our offering the best in technology, we look
forward to this pilot program which will put WellPoint
Pharmacy Management in the forefront of pharmacy benefit
management nationwide.''
Cymedix Lynx secure Internet medical networks offer an
unmatched solution in the challenge of moving, sharing and
tracking medical data to many sectors of the evolving
healthcare system. Through a novel use of the Internet,
Cymedix offers E-commerce model medical networks without a
need for capital investment on the part of the managed care
plan or medical network provider.
WellPoint Pharmacy Management, a subsidiary of one of the
nation's largest publicly traded managed care companies, is
the nation's leading health plan owned pharmacy benefit
management organization, serving over 16 million patients
nationally and managing in excess of 100,000 physicians. Based
in Calabasas, California, WellPoint Pharmacy Management offers
a broad spectrum of quality pharmacy benefit management
products and services provided to Health Plans nationwide.
Denver-based Medix Resources, Inc., through its wholly owned
subsidiary Cymedix Lynx Corporation of Thousand Oaks,
California, offers several fully secure patent-pending
Internet medical communications products, using an Internet
commerce business model. The Company's core business also
provides skilled nursing, therapy, rehabilitation and other
medical personnel for flexible staffing in home care and in a
broad spectrum of healthcare and educational facilities.
''Safe Harbor'' Statement under the Private Securities
Litigation Reform Act of 1995: The Statements contained in
this release which are not historical facts contain
forward-looking information with respect to plans, projections
and/or future performance of the Company, the occurrence of
which involve certain risks and uncertainties detailed in the
Company's Form 10K-SB for 1997 and Form 10-QSB for its second
quarter of 1998 that were filed with the Securities and
Exchange Commission on March 30, 1998 and August 12, 1998.
Such information is available from the SEC or from the
Company.
SOURCE: Medix Resources, Inc.
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