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: April 20, 2000
Medix Resources, Inc.
(Exact name of registrant as specified in its charter)
Colorado 0-24768 84-1123311
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
7100 E. Belleview Avenue, Englewood, CO 80111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 741-2045
None
(Former name or former address, if changes since last report)
Item 5. Other Events. Press release announcing the appointment of a new member
to the Company's Board of Directors:
Exhibits
Exhibit 99.1 Press release dated April 20, 2000 announcing the appointment
of a new member to the Company's Board of Directors.
<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: April 24, 2000 By: /s/ Patricia Minicucci
Executive Vice President
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
April 20, 2000
WELLPOINT HEALTH NETWORKS GROUP PRESIDENT
JOINS MEDIX RESOURCES' BOARD OF DIRECTORS
THOMAS J. OBERLE RESIGNS FROM THE
MEDIX BOARD OF DIRECTORS
New York, NY -- John Prufeta, CEO of Medix Resources, Inc. [AMEX:MXR], today
announced that Joan Herman has been named to the Company's board of directors.
Herman is Group President of the Senior, Specialty, and State Sponsored Programs
division of WellPoint Health Networks Inc. [NYSE:WLP]. Medix provides
Internet-based healthcare communication, data integration, and transaction
processing software through its Cymedix.com product line.
Herman joins newly-named chairman of the board John T. Lane, and members John R.
Prufeta, Dr. David B. Skinner, Samuel H. Havens and David R. Pfeil. Ms. Herman
fills the board seat designated for WellPoint under the terms of a pilot program
agreement between the two companies.
"Having Joan Herman on Medix's board of directors adds immeasurable value to the
Company," stated Prufeta. "Her skills and seasoned business judgement, not to
mention her extensive experience with large provider networks and insurance
companies, will be critical to Medix as we continue to develop relationships
with these key healthcare industry organizations ."
"Medix is well-positioned to significantly enhance physician/medical facilities
communications and the efficiency of healthcare-related transactions," stated
Herman. "The pharmacy applications they have developed have the potential to
significantly improve the quality of care, as well as to improve efficiency for
physicians, hospitals and payors. I'm delighted to have this opportunity to work
with the company during this exciting time in the healthcare industry."
As Group President of WellPoint's Senior, Specialty, and State Sponsored
Programs division, Herman is responsible for the Company's Dental, Life & AD&D,
Pharmacy, Behavioral Health, Workers' Compensation Managed Care Services, Senior
Services, and Disability businesses. She is also responsible for WellPoint's
State Sponsored Programs, which include MediCal and Healthy Families. Prior to
joining WellPoint in 1998, Herman was senior vice president, Strategic
Development and senior vice president, Group Insurance for Phoenix Home Life
Mutual Insurance Company. Herman has served as chairman of the board of
Leadership Greater Hartford and been a member of the board of directors of the
American Academy of Actuaries, the American Leadership Forum, the Hartford
Ballet, the Greater Hartford Arts Council, and the Children's Fund of
Connecticut. She is a member of the American Academy of Actuaries Health
Practice Council and a Fellow of the Society of Actuaries. Herman holds an MA in
Mathematics from Yale University and an A.B. in mathematics from Barnard
College.
WellPoint Health Networks Inc. serves the health care needs of 7.3 million
medical and nearly 32 million specialty members nationally through Blue Cross of
California in California and UNICARE throughout other parts of the country.
WellPoint offers a broad spectrum of quality network-based health products,
including open access PPO, POS and hybrid products, HMO and specialty products.
In addition, Prufeta today announced that Thomas J. Oberle resigned from the
Medix board of directors, effective Thursday, April 13, 2000. Mr. Oberle was one
of the Company's original directors, whose tenure dates back to 1988. Mr. Oberle
stated the press of other business obligations as the reason for his
resignation.
"Tom Oberle has made a magnificent contribution to our Company's development,
over many years", stated Prufeta. "We wish him well in all of his future
endeavors and thank him for his long service to the Company."
"I leave with the knowledge that the Company is in the hands of talented and
knowledgeable leaders," stated Mr. Oberle. "I expect and look forward to the
Company's continued success."
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.
# # #
Information in this press release contains forward-looking statements that
involve risks and uncertainties that might adversely affect the Company's
operating results in the future to a material degree. Such risks and
uncertainties include, without limitation, the ability of the Company to raise
capital to finance the development of its software products, the effectiveness
and the marketability of those products, the ability of the Company to protect
its proprietary information, and the establishment of an efficient corporate
operating structure as the Company grows. These and other risks and
uncertainties are presented in detail in the Company's Form 10-KSB for 1999,
which was filed with the Securities and Exchange Commission on March 30, 2000.
This information is available from the SEC or the Company.
Contacts: General and Press Inquiries Investor Inquiries
--------------------------- ------------------
Robin Schoen Josh Golomb
Robin Schoen Public Relations SmallCaps Online Communications
215/504-2122 212/554-4158
