Golden List Candidate: HCDC Target date: July 19 Good earnings have been preannounced:
Wednesday July 12, 10:30 am Eastern Time
Company Press Release
SOURCE: Healthcare.com Corporation
Healthcare.com Reaffirms Strong Business Momentum
Expects Record Second Quarter Revenue and Cash Collections; Reaffirms Outlook for 2000
Will Announce Second Quarter Earnings on July 19
MARIETTA, Ga., July 12 /PRNewswire/ -- Healthcare.com Corporation (Nasdaq: HCDC - news), a leading healthcare integration software and services company, today reaffirmed that it expects significant revenue growth and profitable operations in 2000 despite factors adversely affecting healthcare information technology (``HCIT'') vendors. The Company expects record second quarter revenue and cash collections.
Healthcare.com continues to believe that its business is performing in accordance with management's expectations. ``We have real customers paying real dollars for real products and services. Our strength is that our offerings enable our customers to cost-effectively address what many analysts have characterized as the single biggest problem confronting the HCIT marketplace-integration,'' said Robert Murrie, Healthcare.com president and CEO.
``During the past six months, HCIT vendors such as empactHealth.com, MedPlus, and WirelessMD have discovered that integration and indexing are core to their business and key to their success in the healthcare marketplace,'' added Murrie. ``Most of this new demand for our software has come from emerging HCIT vendors bringing new solutions to market. This new demand has reduced the negative impact of market factors -- such as delays in purchasing caused by effects of the Balanced Budget Act of 1997 (''BBA``) and the uncertainties surrounding the pending Health Insurance Portability and Accountability Act (''HIPAA``) -- reportedly affecting the financial results of many HCIT vendors.''
Murrie continued, ``Our proven products, Cloverleaf®, our integration engine, and EMerge®, our enterprise-wide master person index, help these vendors conquer the difficult problems of integrating their new solutions with the significant investments that healthcare enterprises have already made in legacy systems, and can therefore accelerate vendors' success. In addition, because our offerings enable provider organizations to extend the lives of their existing legacy systems at a time when their information technology budgets are being squeezed, we have not yet seen our provider pipeline adversely affected by reported trends. We will continue to monitor market forces, such as the strength of the HCIT vendor market and the continuing impact of the BBA on provider organizations, and their impact on our business.''
With products like EMerge and Cloverleaf, Healthcare.com has a successful track record of serving healthcare enterprises and application vendors. Its products can assist customers in shortening application implementation cycles and in leveraging legacy data. ``As enterprises attempt to create an 'evolutionary' and cost-effective Internet strategy in the context of budget pressures, our technologies and services can play an important role,'' said Murrie.
Healthcare.com's service business is growing significantly due in large part to the emerging outsourcing trend in healthcare. The Gartner Group recently reported that 80 percent of healthcare organizations will consider alternatives to in-house staffing of information system departments by the year 2003. Healthcare.com has expanded its service offerings to include a suite of outsourcing solutions, including Integration Sourcing(TM), Application Sourcing(TM), and Facilities Sourcing(TM). As previously announced, the Company expects to generate over $14 million in revenue in 2000 due to its acquisition of the Integrated Solutions Division of Thermo Information Solutions, Inc., in February 2000.
The Company will release its second quarter results on Wednesday, July 19. Healthcare.com management will discuss these results at a conference call scheduled for Wednesday, July 19 at 10:30 a.m. Eastern Time. The conference call dial-in number is (712) 271-3964 and the password is ``Healthcare.com.'' Those not available to participate in the conference call can access a playback of the call, available at (402) 998-1449 from July 19 at 12 noon Eastern Time through July 21 at 5:00 p.m. Eastern Time. There is no need to pre-register for the conference call. However, if you have any questions, please call Steven Maiman at (770) 423-8485.
About Healthcare.com Corporation
Headquartered in Marietta, Georgia, Healthcare.com Corporation, formerly known as HIE, Inc., is a premiere provider of innovative integration software and services that use information housed in existing disparate applications to improve the healthcare enterprise's business processes. The Company's flagship products EMerge® and Cloverleaf® are complemented by a set of Web-based B2B solutions and a wide range of service options which capitalize on the Company's experienced technical staff and long-standing reputation for excellent customer service. Providing essential technology for the healthcare industry, Healthcare.com serves over 40 percent of the country's hospitals and health networks, and partners with leading healthcare vendors. For more information, visit the Company's web site at healthcare.com .
This press release includes forward-looking statements in addition to historical information. The words ``expect,'' ``anticipate,'' ``intend,'' ``plan,'' ``believe,'' ``seek,'' ``estimate'' and similar expressions are intended to identify such forward-looking statements; however, this press release also contains other forward-looking statements in addition to historical information. The Company cautions that there are various important factors that could cause actual results to differ materially from those indicated in the forward-looking statements; accordingly, there can be no assurance that such indicated results will be realized. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the intensely competitive online commerce industry, continued growth in the use of the Internet, the availability and acceptance of the Internet as a secure medium over which to conduct transactions, user acceptance of a new site, failure to obtain significant subscriber growth, changes in regulations applicable to or affecting the Company or its customers, sales timing, changes in pricing policies, undetected errors or bugs in the software, delays in product development, lower-than-expected demand for the Company's software tools or services, changes in outsourcing trends involving information technology and related services, the ability to successfully integrate acquired assets and retain key personnel, business conditions in the healthcare and other complementary markets, general economic conditions and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 1999, and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2000. By making these forward-looking statements, the Company does not undertake to update them in any manner except as may be required by the Company's disclosure obligations in filings it makes with the Securities and Exchange Commission under the Federal securities laws.
``Healthcare.com,'' ``HIE,'' ``EMerge,'' ``EmergeNet,'' ``Cloverleaf,'' ``CloverNet,'' ``Solution Sourcing,'' ``Application Sourcing,'' and ``Integration Sourcing'' are trademarks of Healthcare.com Corporation.
CONTACT: media, Sara Herrmann, Director of Corporate Communications,
770-423-8572, or sara.herrmann@healthcare.com , or investors,
Steven Maiman, Manager, Corporate Communications, 770-423-8485,
or steven.maiman@healthcare.com , both of Healthcare.com
SOURCE: Healthcare.com Corporation |
