LOS ANGELES (March 15) BUSINESS WIRE -March 15, 1999--e-MedSoft.com, (OTC:MDTK), formerly known as MedTech, Inc., today announced that Jerrold H. Steiner, M.D., former chief of Clinical Surgery at the prestigious Cedars Sinai Medical Center, Beverly Hills, Calif., has executed an agreement with the company to begin using MDTK's e-MedSoft.com Internet-capable healthcare management software in his medical practice at Cedars Sinai.
Dr. Steiner continues to actively serve on the surgical staff at Cedars.
Excited at the development and what it means for his practice, Dr. Steiner said, "This software is amazing. Just by calling the Internet through, for example, America Online, my staff will be able to access unlimited capacity to store patient information, process billings, record private medical information, process hospital utilization and eligibility data, and perform all other functions normally required in connection with a hospital or physician or payor business.
"What's more, my staff and I can also take the data on all of our patients and produce critical information on the practice as a whole, including for example payment information on entire classifications of patients or payors.
"But the real benefit is our ability to do all of this without having to buy any of the expensive hardware or software normally required in our industry to access a computer management system with the capacity of e.MedSoft.com. The result of all this is our office will receive payment on claims sooner than we do now, and the amount of time and money required to manage our practice will likely be reduced significantly."
John F. Andrews, chairman and chief executive officer of e-MedSoft.com, added that, "The benefits described by Dr. Steiner are exactly the kind we have been referring to since we unveiled the software in January 1999, but the rewards go even further. Dr. Steiner will be able to access critical patient information 'real time' and 'on line' from any location in the world.
"More importantly, Dr. Steiner's patients will also be able to access their own medical information without the necessity of interacting with Dr. Steiner's office (e.g., after office hours, if need be). And the financial savings for all of these constituents will be apparent at the outset."
Andrews continued, "While we do not intend to issue a press release every time we sign up a doctor onto our system, we felt it important to make an announcement in this instance. Dr. Steiner is a recognized leader in the medical community and while we have announced previously the signing up of HMOs, medical clinics and other large healthcare organizations, having the enthusiastic endorsement of individual and respected doctors, like Dr. Steiner, for e-MedSoft.com supports our contention that the e-MedSoft.com product is as much a tool of the physician as it is a tool of the administrator.
"Although Dr. Steiner is not the first physician to agree to use our system, he is certainly the most renowned. We think the decision making process of individual physicians to adopt e-MedSoft.com has just become that much easier."
About e-MedSoft.com
e-MedSoft.com with its recently acquired medical software product, being sold under the trade name e-MedSoft.com, is leading a transition in the medical industry, as it is the first subscription-based healthcare management system available for delivery through the Internet. Users of the software are charged a small up front installation fee, and an ongoing subscription fee based on transaction volume.
The medical software is a complete healthcare management system. Through the Internet, the Java-based integrator, utilizing Sun Microsystems, Inc. (Nasdaq: SUNW) Java technology, allows the MedTech software to communicate across diverse platforms and languages in unlimited capacity, allowing for the inter link of doctors, hospitals, clinics, HMO's, insurance companies, financiers and government agencies.
The ease and low cost with which it can be implemented, its Internet connectivity, and its ability to allow for the exchange of information across diverse platforms and systems bode well for its widespread adoption by the medical community.
Statements in this news release that relate to management's expectations or beliefs concerning future plans, expectations, events and performance are "forward-looking" within the meaning of the federal securities laws. Actual results or events could differ materially from those anticipated in the forward-looking statements due to a variety of factors, including, without limitation, acceptance by customers of the company's products, changing technology, competition in the healthcare market, government regulation of healthcare, the company's limited operating history, general economic conditions, and availability of capital.
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