Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : AHTC Corp (AHTC)-formerly Advanced Health (ADVH) -- Ignore unavailable to you. Want to Upgrade?

To: Tom D who wrote (87)	3/24/1998 1:41:00 PM
From: aliveinsf	Read Replies (1) \| Respond to of 371

This stock is down again today....very low volume...seems to me that the nervous money is getting out while the crowd is waiting to see if there is anything to the article when ADVH is mentioned in the same breath with two docs under investigation. Disappointing that the company is not responding to the story. That bothers me that they don't try to disassociate themselves from the situation. Makes me wonder if something is going on and the company is maintaining silence. But, the selling pressure isn't there...so I remain puzzled.

To: Tom D who wrote (87)	3/25/1998 1:29:00 PM
From: Dennis C	Read Replies (1) \| Respond to of 371

Advanced Health Corporation Allowed Two Patents for Electronic Prescription Management Systems TARRYTOWN, N.Y.--(BUSINESS WIRE)--March 25, 1998--Advanced Health Corporation (Nasdaq: ADVH - news) announced today that the United States Patent Office has approved two patents covering the invention of electronic prescription management systems that automate the prescription writing process at the point of care. The patents, which are broad in scope, are held by the Company's Advanced Health Technologies subsidiary. The electronic prescription management systems automate the prescription writing process for a physician in his or her office and then provide electronic connectivity from the physician's office to the pharmacy, where the prescription is dispensed. The patented electronic prescription management systems enable the physician to have at his or her disposal: a summary of the patient's prescription and medical history; prescription preferences for a particular medical condition (often called a ''formulary''); and alert messages concerning the potential for adverse drug reactions. These groundbreaking systems were developed by Jon Edelson, MD, Advanced Health's Chairman, CEO and co-founder, and Christian Mayaud, MD, who participated in the formation of Advanced Health Technologies. Rob Alger, President of Advanced Health Technologies, stated, ''This is an important set of patents, especially when you consider that there are approximately two billion prescriptions written in the United States each year. Medications are one of the fastest rising components of health care costs, and prescription medication use has significant impact on the overall cost and quality of medical care. An electronic prescription management system for the physician at the point of care has enormous potential to improve prescription medication use, including physician compliance with both quality of care and cost-effectiveness guidelines and patient compliance with appropriate medication use. We believe that today prescription benefit management companies (PBMs), which are successfully delivering point-of-sale automation at the pharmacy, are taking significant steps to move this process back into the physician's office where it belongs at the point of care. We expect that electronic writing and transmission of prescriptions by physicians will become a standard of medical practice in the United States. Our Med-E-Practice(TM) and E-Rx(TM) products -- two versions of the patented electronic prescription management systems -- and our patent ownership itself, we expect, will all be significant beneficiaries of this rapidly emerging trend.'' Mr. Alger added that E-Rx(TM) is a secure, intranet-enabled version of this system that is currently being launched by Advanced Health to capture the electronic commerce potential of the Internet. Commenting on the patents, Jon Edelson, MD, said, ''We are very proud of the patents as an example of the innovative and high-quality work being done at Advanced Health. Since its inception in 1993, Advanced Health has been a leader in innovating both physician-oriented information technology (IT) and physician practice management (PPM) services. On the IT side, Advanced Health's key market innovation has been in recognizing that both physicians and health care companies would realize that physician orders -- not the medical charts -- are the central drivers of heath care quality and cost. All of our IT products are built around automating the physician orders. Suddenly, we see major health care sectors, including the PBMs and integrated delivery systems, wanting to automate prescriptions and laboratories through electronic connectivity to the physician. ''On the practice management side,'' Dr. Edelson continued, ''Advanced Health's key market innovation has been in recognizing that many physicians want independence and the business services necessary to stay that way. Our focus has been on delivering PPM services that create measurable value for our physicians, using such markers as increases in revenue per physician. Because we do not purchase physician practices, our 'independence' PPM model has the added advantage of being capital-sparing rather than capital-intensive, with the potential to create improved return on invested capital for Advanced Health shareholders.'' Dr. Edelson noted that Advanced Health has delivered not only market innovation but strong financial results as measured by successive record earnings and revenues in every reported quarter to date since the Company went public in October, 1996. ''We are extremely proud of Advanced Health's achievements and the sound fundamentals being exhibited in our business,'' he emphasized. ''Our customers -- physician groups and health care organizations, national and local -- are among the most respected in their communities and share our common commitment to excellence and responsible business conduct. We believe this commitment is at the heart of the tangible results Advanced Health is delivering.'' Advanced Health Corporation is a leading physician practice management company and health care information services company that vertically integrates practice and network management services with clinical information systems. Unlike other physician practice management companies, Advanced Health partners with - instead of purchases - physician group practices, thereby maintaining physicians' independence and providing the optimal incentives to achieve practice success. Advanced Health provides physician practice and network management and consulting services through its Advanced Health Management subsidiary. The Company provides clinical information services through its Advanced Health Technologies subsidiary. These systems provide physicians and Integrated Delivery Systems with patient-specific clinical and health plan information at the point of care to improve the quality and reduce the costs of health care. This press release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in the Company's Annual Report on From 10-K to be filed with the Securities and Exchange Commission for the year ended December 31, 1997. Editor's Note: This release is available on the Internet at advhealth.com and at noonanrusso.com.