SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
---------------------
FORM 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
September 28, 1999
(Date of Report)
ALTERNATIVE TECHNOLOGY RESOURCES, INC.
(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 0-20468 68-0195770
- ----------------------------- ------------ -------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
629 J Street, Sacramento, California 95814
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (916) 231-0400
<PAGE>2
Item 5. Other Events
Alternative Technology Resources, Inc. announced an agreement with
Healtheon Corporation to allow uninsured and underinsured consumers to register
for Alternative Technology Resources proposed Internet Medical Provider Network
under development through the use of Healtheon's consumer portal. Attached
is a copy of the press release.
Item 7. Financial Statements and Exhibits
Exhibits
99. Press Release
<PAGE>3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: October 12, 1999
ALTERNATIVE TECHNOLOGY RESOURCES, INC.
By /S/ JAMES W. CAMERON, JR.
-------------------------
James W. Cameron, Jr.
Chief Executive Officer
Virtual Provider Network Links Consumers With Physicians for
Medical Services Through Consumer Portal
SANTA CLARA, Calif., Sept. 28 /PRNewswire/ -- Healtheon Corporation
(Nasdaq: HLTH) today announced an agreement with Alternative Technology
Resources, Inc. (OTC Bulletin Board: ATEK) to provide an e-commerce solution for
uninsured and underinsured consumers seeking discounted medical services. Under
the agreement, consumers can register for Alternative Technology Solutions'
Internet Medical Provider Network using Healtheon's consumer portal,
http://www.myhealtheon.com. With this innovative service, registered members are
expected to have access to a network of over 300,000 providers who have agreed
to substantially discount rates for medical services.
As previously announced, Healtheon and WebMD agreed in May to merge to
form Healtheon/WebMD, the first end-to-end provider of healthcare information
and services.
Under the three-year agreement, Alternative Technology Solutions will
use Healtheon's Internet services to allow consumers to register for the
Internet Medical Provider Network through Healtheon's consumer portal and pay
for the service using an authenticated credit card. Registered users of the
service will be able to access healthcare providers and services, fill out their
health records online and send the summary report to their provider
electronically in advance of the visit, and have secure e-mail communications
with their physicians.
The service is expected to be operational by early next year.
"Alternative Technology Resources is creating a virtual network of
healthcare providers with infrastructure and extensive Internet distribution
provided by Healtheon," said Steve Curd, chief operating officer of Healtheon.
"This solution builds on Healtheon's strengths in providing Internet-based
services for healthcare providers and consumers. We are enthusiastic about the
opportunity to address a specific market need with Alternative Technology
Resources by providing the electronic commerce tools and services to assist in
the development and early activation of the Internet Medical Provider Network. "
"The Internet Medical Provider Network will allow those who pay for
healthcare themselves to access, for a minimal fee, the same preferred rates
received by large health plans for just those services that they need," said
James W. Cameron, Jr., Chief Executive Officer of Alternative Technology
Resources. "We are excited to be able to offer a broad-based medical panel
through Healtheon's consumer portal, allowing us to reach a large proportion of
the estimated 43 million Americans that currently lack health insurance
coverage. "
About Healtheon
Healtheon, founded in 1996 and based in Santa Clara, Calif., is a
pioneer in providing Internet-based, business-to-business and
consumer-to-business electronic commerce services that link
<PAGE>2
doctors and consumers with healthcare institutions, enabling them to efficiently
and conveniently manage their business and personal healthcare needs.
Healtheon's services simplify the business and clinical processes of
healthcare, provide more timely access to information, provide faster and more
convenient service, and lead to higher quality, more affordable care. The
company recently announced definitive agreements to acquire MEDE AMERICA Corp.
and merge with WebMD, Inc. Healtheon can be reached through its Web site at
http://www.healtheon.com.
About Alternative Technology Resources
In August, Alternative Technology Resources announced plans to use its
experience in healthcare and information technology to offer the nation's
600,000+ medical providers the ability to more directly link their practices via
the Internet to parties that pay for medical services. Alternative Technology
Resources is initially focusing on those who are underinsured and the 43 million
Americans who are uninsured.
About WebMD
WebMD offers a comprehensive suite of Internet-based services and
information for physicians as well as healthcare information services and online
communities for consumers, enabling healthcare professionals to efficiently
manage their business and consumers to become equal partners in taking care of
their personal healthcare needs. WebMD can be reached through its Website at
http://www.webmd.com. WebMD physician subscriptions are available by calling
877-GO-WEBMD or accessing the Web site at http://www.WebMD.com. Consumers can
also access the information and services they need to take control of their
health and lifestyles through a separate Web site at the same address.
About MEDE AMERICA
Headquartered in East Meadow, NY, MEDE AMERICA is a leading provider of
healthcare transaction solutions to a broad range of providers and payers in the
healthcare industry. The company offers an integrated suite of electronic
transaction solutions that allows hospitals, pharmacies, physicians, dentists
and other healthcare providers and provider groups to electronically edit,
process and transmit claims, eligibility and enrollment data, track claims
submissions throughout the claims payment process and obtain faster
reimbursement for their services. With offices in New York, Ohio and Atlanta,
MEDE AMERICA has 450 employees and can be reached through its Web site at
http://www.mede.com.
NOTE: Healtheon is a trademark of Healtheon Corporation. All rights
reserved.
Other than historical information set forth herein, this announcement
contains forward-looking statements that involve risks and uncertainties,
including those relating to the ability of Healtheon's services to decrease
costs and improve patient care. Actual results could be materially different
from those discussed in this announcement. Factors that could cause actual
results to differ include, among others: Healtheon's limited operating history,
continued growthin the use of the Internet, and acceptance of the Internet as a
secure medium over which to conduct transactions. Additional risks associated
with Healtheon's business can be found in its recent Registration Statement on
Form S-4 and other periodic filings with the SEC.
