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To: KEN G who wrote (561)10/28/1999 11:33:00 AM
From: OFW  Read Replies (1) | Respond to of 595
 
Two very interesting PR's out this morning:

NEW YORK, Oct. 28 /PRNewswire/ -- The American Medical Association today announced it is joining with six other national physician associations to launch a high quality health information and communication site on the Internet. The associations have formed a new company, Medem¸ -- standing for ``medical empowerment' -- which will make its Web site, medem.com, available in early 2000.

``Medem.com is the Web site patients all across America have been waiting for,' said AMA Trustee William H. Mahood, MD.

The partners in medem.com comprise the American Medical Association, American Academy of Ophthalmology, American Academy of Pediatrics, American College of Allergy, Asthma and Immunology, American College of Obstetricians and Gynecologists, American Psychiatric Association and American Society of Plastic and Reconstructive Surgeons. These societies will own and control the new entity established to create the Web site.

``The patient-doctor relationship is the heart and soul of quality health care. At its very core is trust -- the trust patients have in the training, experience and ability of their doctor. With the development of this unique, new Web site, the same kind of credible health information you expect from your own physician is just a 'click' away,' Dr. Mahood said.

The new entity will consist of an independent editorial operation and a separate business unit. The editorial operation will be responsible for the content of medem.com, ensuring that patients have access to the most credible, trustworthy and high quality health information on the Internet. In addition, patients and physicians will be able to communicate with each other confidentially through the Web site.

Advertising on the Web site will adhere to strict guidelines. The business unit will handle the design, development and management of the Web site and will ensure that revenue generated by the venture is directed back into supporting and improving the site. The business plan also provides for a health care charitable foundation to support philanthropic direct patient care programs. Any revenue earned by the AMA will support the association's role as advocate for the medical profession and the patients it serves.

``Today, millions of Americans are turning to the Internet to find answers to their health and medical questions. The problem is, there are thousands of Web sites claiming to provide health information. It's difficult to know what you can believe or what you can trust. Of course, there is no substitute for meeting with your physician in-person when it comes to providing high quality health care. But between visits to the doctor's office, this new site will allow patients and their doctors to strengthen their relationship by assuring that patients get the best, most up-to-date and most credible information from their own doctors,' Dr. Mahood said.

``What makes this site unique is that it is founded by well-established, professional organizations with proven experience. The AMA has been providing reliable patient information for more than 150 years. And, of course, we wrote the book on medical ethics. The bottom line is, no one can surpass this collection of associations when it comes to quality and integrity. We are proud to be working with our partners in this exciting new venture,' Dr. Mahood concluded.

SOURCE: American Medical Association
Source Link: biz.yahoo.com

NEW YORK, Oct. 28 /PRNewswire/ -- Seven prestigious physician associations have joined to create Medem, a patient-focused Internet healthcare information and communication source. The company's site, medem.com, is designed to provide patients with the most credible, trustworthy and high-quality health information on the Internet and to help patients and physicians work together to improve the quality of patient care.

The seven participating physician groups represent more than two-thirds of the nation's physicians. They include: American Academy of Ophthalmology; American Academy of Pediatrics; American College of Allergy, Asthma & Immunology; American College of Obstetricians and Gynecologists; American Medical Association; American Psychiatric Association; and American Society of Plastic Surgeons. Medem has been incorporated by the founding societies, but many additional physician associations are now in discussions to join the effort. Alliance and partnership negotiations also are anticipated with media and technology firms.

``The health of Americans always has been the purpose of our country's medical associations,' said H. Dunbar Hoskins Jr., MD, Chairman of the Medem Board of Directors and executive vice president of the American Academy of Ophthalmology. ``medem.com will give our patients access to information they can trust and information they can use with their physicians in order to improve their health care.'

``Patients trust their own doctors to provide them with health information. Now, with the development of this unique Web site, that same credible health information is just a 'click' away,' said William H. Mahood, MD, trustee of the American Medical Association. ``This is the Web site our patients have been waiting for.'

Through medem.com, consumers will be able not only to access high-quality medical information, but they will be able to communicate with their physicians, confident that their privacy will be protected. Physicians will be able to customize their own Web sites, both for their own use and to provide their patients with personalized information about their health care. Thousands of physicians have already registered for the customized Web services that began rolling out this month. The robust direct-to-consumer Web site, medem.com, will be available in early 2000.

Edward J. Fotsch, MD, CEO of Medem, stated, ``The participating physician groups have been working for more than a year to develop an Internet service that will offer real value to patients and physicians. medem.com will strengthen the patient-physician relationship by allowing doctors to communicate securely with patients online and to refer their patients to accurate, credible health care information from the finest source on the Internet -- their own Web site.'

``The interest in medem.com has been overwhelming, with thousands of physicians having signed up for the service,' according to AAP executive director Joe M. Sanders Jr., MD, FAAP. ``Pediatricians work with families everyday to answer questions on everything from newborn care to young adult issues. Now, pediatricians can enhance this exchange of information through Medem's Web site.'

SOURCE: Medem
Source Link: biz.yahoo.com

Offie



To: KEN G who wrote (561)10/28/1999 1:12:00 PM
From: thedewar  Respond to of 595
 
Interesting Article:

Internet Marriages on the Rise?
October 28, 1999
By Tom Taulli
Senior Analyst
Morning Report Archives

The supercharged IPO market has spawned a large number of Net companies, many of which are
fighting fierce battles trying to dominate their respective spaces.

However, many of these companies will soon realize that it is better to join forces -- through
mergers and acquisitions -- then to destroy each other.

There was evidence of this on Tuesday, when bamboo.com (BAMB) announced a merger with
Interactive Pictures (IPIX). Both companies are recent IPOs and are in similar businesses.

At bamboo.com, users can get 360-degree panoramic virtual tours of homes. Interactive Pictures
uses so-called spherical pictures to allow for virtual tours, focused on such industries as travel and
entertainment. Thus, with the merger, not only did the companies eliminate unnecessary
competition, but also expanded their markets.

In fact, there was another such consolidation on Monday, when Digital Island (ISLD) merged with
Sandpiper Networks. The companies both provide hosting and intelligent network services. With
the merger, the companies were able to expand their customer bases, as well as technology
infrastructures. For example, the new company will have 1,200 Web servers within 21 countries.
On the news, shares of Digital Island soared 15-11/16 to 38-11/16.

Expect the consolidation wave to run strong, as companies attempt to reduce competition, add to
their customer bases and product lines. This raises the question: What are the areas to look at for
investment opportunities?

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Here's a look:

Advertising Networks: CMGI (CMGI) has been acquiring companies in this space at a furious
pace, attempting to one-up DoubleClick (DCLK).

One juicy target is 24/7 Media (TFSM). The company has a run-rate of revenues of $40 million per
year, as the company has been signing many large customers, such as Goto.com (GOTO) and
MGM.

Interestingly enough, 24/7 Media had a reach of 57.3 percent of online users in the US (according
to Media Metrix). TFSM's stock ran up to nearly $50 recently on rumors of a merger with
DoubleClick, but nothing has been announced. However, I don't think we've heard the last of
24/7.

Healthcare: True, the online healthcare industry is huge. But do we really need so many
companies? We've already seen consolidation between WebMD and Healtheon, but I suspect there
will be others.

My number one pick: drKoop.com (KOOP). The stock has been languishing, yet it has a strong
online brand and in September, logged 14.7 million page views, making the site the No. 1 for
healthcare. It would make an attractive acquisition target at its current valuation.

Music: The clear market leader in online music is MP3.com (MPPP), which sports a $2.8 billion
market capitalization.

To compete against this colossus, the competition will need to quickly consolidate. These
companies include eMusic, Musicmaker, Liquid Audio (LIQD) and Launch. Of these, Liquid
Audio looks the strongest, with a stable of 4,700 artists, 750 record labels and 37,000 songs.

Online Brokers: To compete, online brokerage firms need to provide many new services, such as
distributing IPOs to individual investors. Friedman Billings Ramsey (FBR) has been growing its
innovative online investment bank, located at fbr.com.

Since starting six months ago, the site has distributed 19 offerings, such as RedHat, Cysive and
Jupiter Communications. This expertise would be a nice addition to an online broker trying to
distinguish itself in the highly competitive cyber world

thedewar