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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: nihil who wrote (67464)	10/28/1998 2:59:00 AM
From: Barry Grossman	Respond to of 186894

nihil & all, INTEL CHAIRMAN DR. ANDREW S. GROVE PREDICTS AN INTERNET-DRIVEN TRANSFORMATION IN HEALTHCARE SAN FRANCISCO (Oct. 27) BW HEALTHWIRE -Oct. 27, 1998-- Health Care and Technology Industry Leaders Meet at Intel's . Internet Health Day to Discuss the Online Future of Medicine Intel Corporation Chairman Dr. Andrew S. Grove today delivered the opening keynote speech at Intel's Internet Health Day, a landmark gathering of 400 physicians and health care industry leaders dedicated to examining how Internet-connected personal computers are empowering consumers to transform the ways in which they receive health information, products and services. Internet Health Day is co-sponsored by the American Medical Association and the American Academy of Pediatrics. Grove predicted that the Internet -- the fastest-developing mass consumer medium in U.S. history -- will bring revolutionary changes to the health care industry, repeating a phenomenon seen in the past several years across the banking, retailing and financial services sectors. Grove stated that the health care industry faces an Internet-driven, "Strategic Inflection Point," a time in which extreme change forever alters the competitive landscape of an industry, creating both opportunities and challenges. "The Internet is enabling consumers to find a wealth of health information with a click of a mouse," Grove said. "The Internet allows consumers to gather information, discuss options, and exchange stories with others in similar conditions, as well as communicate in a timely fashion with their physicians." Further, Grove suggested that doctors and health care providers should get engaged with the Internet and online medicine to help shape the evolution and quality of these tools. The Internet is a strategic inflection point, and like all technological events, it will not stand still and wait for the medical community to catch up. Grove explained how the Internet transforms industries by delivering ever-increasing benefits to consumers and, in the process, shifting value from traditional industry players to progressive players who can harness the Internet medium. Almost unnoticed by the mainstream health care industry, the Internet has evolved from simple health information delivery to sophisticated communities bringing inspiration and support to those with illnesses and their caretakers. Internet Health sites now feature interactive tests that reveal an individual's health risks and deliver personalized information and advice. New Internet "portals" are combining personalized health information and community options with the ability to order prescription refills and buy vitamins and nutritional supplements. Internet Health services have arrived, bringing new ways of caring for the more than 30 million Americans who suffer from chronic diseases such as asthma, diabetes and congestive heart failure. For example, information can be sent from the patient via the Internet to the practice or hospital, allowing lower cost, more frequent monitoring of a patient's condition, and reducing the aggravation and high cost of emergency room visits. "E-mail and Internet technology have created an 'X-Factor' in productivity that has stimulated the U.S. economy through increased productivity and efficiency," Grove said. "It is time for an X-Factor in health care where Internet technology is used to keep costs in check while deepening doctor-to-patient relationships through increased communication and care." Grove's keynote was followed by presentations from leading health care academics, executives and practitioners, including former U.S. Surgeon General Dr. C. Everett Koop, who explored such issues as the rise of consumerism in U.S. health care, new trends in market-driven health care, and new models of Internet-enabled health care delivery. Intel's Internet Health Day also featured a showcase of 20 Internet Health sites and technologies, along with more than 20 news announcements in such Internet Health areas as: -- new consumer health information Web sites; -- on-line physician services; -- interactive disease care; -- Internet prescription services; -- confidential disease testing and counseling; -- personalized online wellness programs; -- e-commerce sites dedicated to health products and insurance; -- new consumer research on health care and Internet attitudes. To access Intel's Internet Health virtual press kit, which includes a complete transcript of Grove's keynote speech, please visit www.intel.com/pressroom. For more information about Internet Health, please visit Intel's Internet Health Initiative Web site at www.intel.com/e-health. Barry