(COMTEX) B: SIMS MedCard System Endorsed by New York's Suffolk County
B: SIMS MedCard System Endorsed by New York's Suffolk County Medical Society;
MedCard's Insurance Billings Exceed $1 Million Monthly
IRVINE, CALIF. (Feb. 23) BUSINESS WIRE -Feb. 23, 1999--SIMS
Communications Inc. (Nasdaq:SIMS) announced today that the company's
MedCard System has been endorsed by the Suffolk County Medical Society
to its 1600-member physician community.
The MedCard System is a technologically advanced medical benefits
verification data retrieval and insurance claims billing system. The
MedCard System is the only one that processes 100% of third-party
insurance billings electronically.
"The MedCard System is an excellent product," stated Stuart S.
Friedman, Suffolk County Medical Society's Executive Director. "In
today's environment, third-party medical insurance billings are
extremely complicated, confusing and time-consuming. The Board of
Directors at the Suffolk County Medical Society found the MedCard
System's elegant design, ease-of-use and superb functionality to be
superior, and which can provide significant benefits to our Members."
"We appreciate and thank the Society for its strong endorsement,"
stated Mark E. Bennett, SIMS President and Chief Executive Officer.
"SIMS MedCard System's excellent reputation is rapidly growing in the
healthcare industry. In January 1999, we surpassed processing over $1.1
Million in healthcare claims. Currently, we are experiencing a
compounded monthly growth rate of 46% in MedCard billings. Our
expectation is that we shall do $1.6 Million billings in February and
$2.5 Million in March.
SIMS Communications provides low cost, turnkey, transaction processing
solutions to service providers and retailers. Its products include
medical insurance verification, medical billing, prepaid phone card
activations, customer affinity programs, financial transaction
processing using credit cards and ATM/Debit cards and customized
associated vertical market applications.
This release contains forward-looking statements that are subject to
risks and uncertainties, including but not limited to, the impact of
competitive products and pricing, product demand and market acceptance,
reliance on key strategic alliances, fluctuations in operating results
and other risks detailed from time to time in the company's filings
with the Securities and Exchange Commission.
-0- AMP/se*
CONTACT: Continental Capital & Equity Corporation
Dodi B. Zirkle, 407/682-2001 (investor relations)
KEYWORD: CALIFORNIA NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED MEDICINE INSURANCE
Internet
with Hyperlinks to your home page.
URL: businesswire.com
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