Medix Resources Names New Chief Operating Officer And Chief Information Officer
PR Newswire, Wednesday, June 16, 1999 at 10:25
DENVER, June 16 /PRNewswire/ -- Medix Resources, Inc.
(BB: MDIX) announced today the completion of a comprehensive
national executive search for the identification and selection of a Chief
Operating Officer/ Chief Information Officer for its wholly owned subsidiary,
Cymedix Lynx Corporation (Cymedix). The recruitment campaign, launched in
January, introduced a series of highly qualified candidates to effectively
lead the operational and technological development of the Internet based
healthcare communications subsidiary. After an extensive interview process
senior management and the Board of Directors unanimously approved David Pfeil
for appointment to the position. David will also serve as the Chief Operating
Office/Chief Information Officer of the subsidiary.
John Yeros, CEO and Chairman of Medix commented, "Cymedix is at the
technological cutting edge of development in an extraordinarily dynamic
industry. The focus of healthcare and the financial markets is concentrated
on the direction and results of those corporations competing within this
narrow arena."
"Medix has made the commitment to remain at the market forefront through
continued technological execution. Essential to the fulfillment of that
commitment was the recruitment of a technological innovator capable of
propelling development beyond existing boundaries. We have found those rare
characteristics in David Pfeil. I am excited about bringing him into our
corporation. He adds extraordinary intelligence, technical expertise, energy,
business skills and leadership to our developing management team at Cymedix."
Mr. Pfeil's technical education originated with his admission to community
college courses while in 8th grade. He graduated Valedictorian from Lehigh
University with a Bachelor of Science in Mechanical Engineering and a Masters
of Science in Mechanical Engineering from the University of Minnesota after
receiving a full fellowship through a research grant from IBM.
David Pfeil, at 40 years of age, commands nearly 20 years of senior
management experience in healthcare automation and information systems. In
1981, at 21 years of age, David founded Dezine Healthcare Solutions (Dezine),
a software company with separate divisions for healthcare and engineering
design. Dezine's incorporation coincided with the introduction of IBM PCs and
the Microsoft BASIC compiler. Anticipating their potential impact on
healthcare, David steered Dezine towards specialization in PC based software.
Dezine ultimately refined its focus to concentrate resources on software
devoted to segments of the expanding home healthcare marketplace, capturing
nearly 40% of the market share in the home medical equipment industry segment.
David successfully completed the sale of Dezine to Blue Cross Blue Shield
of South Carolina in 1997 and organized Arrow Professional Enterprises
(Arrow), a health care automation consulting company. Arrow provides health
care professionals with technical expertise in evaluating and implementing
information systems and strategies.
In accepting the position as COO/CIO of Cymedix, David stated "I am
excited about the opportunities to integrate disparate healthcare information
systems utilizing the Internet and the technology that Cymedix has to offer.
The ability of Cymedix's software to non invasively interface a with
physician's practice management systems and create an encrypted Internet
message shows a substantial product offering. Our first goal will be to
enhance the number of existing healthcare legacy applications already capable
of interfacing with the current Cymedix Host product while leveraging new
Application Server Provider (ASP) Internet technology. I have monitored the
growth of the Internet utilization, the availability of greater connection
bandwidth, as well as the Internet's potential to unite healthcare information
systems, and I believe now is the time to fully implement those systems."
Cymedix is a healthcare communications technology and data integration
technology company that provides connectivity solutions through an E-commerce
model to physicians, industry service providers and health plan insurers.
Cymedix.com, the company's software product introduction, employs Internet
technology to enable industry participants to effectively communicate vital
medical, financial and administrative information over private, secure
networks. Utilization of Cymedix.com is expected to expedite standard
administrative transactions, simplify communications, improve patient care and
significantly reduce the cost of that care throughout the healthcare
enterprise.
Denver based Medix Resources, Inc. is engaged through its wholly owned
subsidiary Cymedix Lynx Corporation of Thousand Oaks, California, in providing
several fully secure patent-pending Internet medical communications products,
using an E-commerce business model. Historically, the company's core business
has been providing 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 10-KSB for 1998
that was filed with the Securities and Exchange Commission on April 12, 1999.
Such information is available from the SEC or from the Company.
SOURCE Medix Resources, Inc.
-0- 06/16/99
/CONTACT: John P. Yeros, 303-741-2045, or Gene Martineau, 212-348-1880,
both for Medix Resources, Inc./
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