UNITED STATES
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
Date of Report: January 14, 2000
MEDIX RESOURCES, INC
(Exact name of registrant as specified in its charter)
Colorado 000-24768 84-1123311
(State or other jurisdiction (Commission (IRS Employer
of incorporation) (File Number) Identification No.)
7100 East Belleview Ave., Suite 301, Englewood, CO 80111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 741-4828
None
(Former name or former address, if changes since last report)
Item 5. Other Events
Press release dated January 13, 2000 announcing agreement with Wellpoint
Pharmacy Management.
Exhibit No. Description Reg. S-K Item No.
*99.1 Press release 99
<PAGE>
SIGNATURES
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.
MEDIX RESOURCES, INC.
Date: January 14, 2000 By:/s/ John R. Prufeta
John R. Prufeta, Chief Executive Officer
R O B I N S C H O E N P U B L I C R E L A T I O N S 526 Penn Street
Newtown, PA 18940 t: 215/504-2122 f: 215/504-2123 e-m: [email protected]
FOR IMMEDIATE RELEASE
Contacts: General and Press Inquiries Investor Inquiries
Robin Schoen Josh Golomb
Robin Schoen Public Relations SmallCaps Online Communications
215/504-2122 212/554-4158
MEDIX ANNOUNCES AGREEMENT WITH WELLPOINT PHARMACY MANAGEMENT
WellPoint Pharmacy Management Network Physicians To Use
Cymedix.com Prescription Management Software
Denver -- January 13, 2000 -- Medix Resources, Inc. [OTCBB:MDIX] today announced
that its wholly-owned subsidiary, Cymedix Lynx Corporation, and WellPoint
Pharmacy Management, have entered into a definitive agreement for an enhanced
pilot project, as well as a system-wide production project for its Internet
pharmacy products. Medix provides Internet-based health care communication, data
integration, and transaction processing software through its Cymedix.com product
line.
The Cymedix.com prescription management module, which has been private-labeled
for use by WellPoint Pharmacy Management, enables WellPoint Pharmacy Management
network physicians to access patient-specific pharmacy data including plan
formulary options, prospective Drug Utilization Review, prior authorization
notification, patient medication history, potential drug interactions and
perform electronic prescription processing. Project installations in this pilot
project began on November 17, 1999. Additionally, under the terms of the
agreement, Medix issued WellPoint Pharmacy Management warrants to purchase Medix
common stock. These warrants are only exercisable once they've become vested
through the occurrence of specific WellPoint Pharmacy Management performance
events. WellPoint Pharmacy Management was also granted the right to nominate a
designee for appointment to the Medix board of directors.
"Since our first discussions in 1998, WellPoint Pharmacy Management has embraced
Cymedix.com's Internet-based approach to increasing the time and cost
efficiencies of provider/physician data exchange," stated John Prufeta, Medix
Resources' chief executive officer. "WellPoint Pharmacy Management's
enthusiastic support continues to enable successful installation of the
Cymedix.com prescription management module into its network physicians' computer
systems."
Robert Seidman, vice president of pharmacy for WellPoint Health Networks Inc.,
stated, "We are pleased to offer our physicians easy access to their patients'
medication regimens and pharmacy benefit plan designs via the Internet, prior to
their writing a prescription. The Cymedix.com product, in conjunction with the
interface through WellPoint Pharmacy Management information systems, will
provide prospective information directly to the physician's office and the
patient's medical record. This will improve the quality of patient care through
a reduction in the incidence of potential medication mishaps."
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Page Two/Medix Announces Agreement with WellPoint Pharmacy Management
Cymedix.com combines patented software technology with pragmatic logistical
processes to provide physicians with patient and medication information, prior
to prescription writing, without disrupting customary office procedure.
Cymedix.com non-invasively extracts pertinent clinical and administrative
patient information from physicians' office systems and combines it with data
supplied by network providers' legacy systems. Critical information regarding
patient drug history, formulary options, and potentially harmful interactions
are then transmitted to physicians. The secure provision of this information
increases the efficiency of the office practice, improves the quality of care
provided to the patient, and reduces the cost of care. Cymedix.com also enables
physicians to electronically construct a prescription, record it within a local
database, and electronically transmit or fax it to the pharmacy of the patient's
choice. Prescription transmission and data transfer is conducted securely over
private networks to maintain patient confidentiality.
WellPoint Pharmacy Management is the nation's leading health plan-owned pharmacy
benefit management company serving approximately 20 million lives. WellPoint
Pharmacy Management is the trade name of Professional Claim Services, Inc., a
wholly-owned subsidiary of WellPoint Health Networks Inc. [NYSE: WLP]. With
complete pharmacy benefit management services for employers and health plans
nationwide, WellPoint Pharmacy Management's products include, clinical
management programs, drug formulary management, claims processing, benefit
design consultation, pharmacy network management, local network contract
development, manufacturer discount programs, prescription drug databases, and
utilization management.
Denver-based Medix Resources, through Cymedix Lynx Corporation, offers
Cymedix.com, a suite of fully-secure, patented Internet communications software
products, to the healthcare industry. Additional information about Medix
Resources and its products and services can be found by visiting its web sites,
www.medixresources.com and www.cymedix.com, or by calling 800/326-8773.
# # #
"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this release, which are not historical facts,
contain forward-looking information with respect to plans, projections and/or
future performance of the Company, the occurrence of which involve certain risks
and uncertainties detailed in the Company's Form 10-KSB/A for 1998, which was
filed with the Securities and Exchange Commission on July 23, 1999, and its 1999
third quarter 10-QSB, which was filed with the Securities and Exchange
Commission on November 10, 1999. This information is available from the SEC or
the Company.
