For Immediate Release
May 24, 2000
MEDIX RESOURCES SITE GROWING IN POPULARITY
Medix Resources, Inc. (MXR) announced today that its recently launched medical
code information site (www.medicodes.com) is growing in popularity. The site
currently experiences approximately 200,000 unique requests per month by
physician offices. The utilities provided on the site enable physicians and
office administrators to search for UPIN numbers, HCPCs codes, ICD9 diagnosis
codes, as well as other data tables required for medical reimbursement and
clinical administration. The site allows the healthcare provider to review data
on the website or to download portions of the data for import into their
healthcare management information systems. Medix plans to incorporate these
utilities into its next-generation transaction processing platform which it
expects to launch later this year.
John R. Prufeta, President and CEO of Medix said, "Medicodes.com is a key
example of the high value-added services that we are rolling out to serve
mainstream physician community. Medix is absolutely committed to providing
physicians with meaningful, practical tools to improve cash flow, as well as
reduce administrative expense and improve outcomes. We will continue to
differentiate ourselves in the marketplace with the aggressive deployment of
comparable highly innovative services and solutions."
David Pfeil, President and COO of Medix subsidiary Cymedix Lynx stated, "The
database management systems and reporting tools developed for the Medicodes.com
site are being utilized in the Cymedix.com thin-client and ASP applications. The
security systems, electronic signatures, and locked-document technology being
deployed on e-commerce sites developed by our technology team are being applied
to the Cymedix.com products as well."
Medix Resources, through its wholly owned subsidiary 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
--------------------------- ------------------
Michael Knepper Josh Golomb
Medix Resources, Inc. SmallCaps Online Communications
212/697-7207 212/554-4158
