KCSA
Public Relations
Worldwide News
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Public & Investor Relations, Corporate & Marketing Communciations
FOR: MEDIX RESOURCES, INC.
CONTACT: John R. Prufeta, President and CEO
212/697-7207
212/697-3509 (fax)
[email protected]
KCSA Joseph A. Mansi/Sara Sheppard
CONTACTS: 212-896-1205 - 212-896-1236 - 212-697-0910 (fax)
[email protected] - [email protected]
---------------
www.kcsa.com
FOR IMMEDIATE RELEASE
MEDIX IN JOINT TECHNOLOGY AND DEPLOYMENT PACT WITH PARKSTONE
- - - - -
AGREEMENT COMBINES PARKSTONE MEDICAL
INFORMATION SYSTEMS HANDHELD EXPERTISE WITH
MEDIX PATENTED CONNECTIVITY TECHNOLOGY
NEW YORK, July 27, 2000 -- Medix Resources, Inc. (AMEX:MXR), through its
wholly-owned subsidiary, Cymedix Lynx Corporation (Cymedix(R)), announced today
that it has reached a definitive agreement with ParkStone Medical Information
Systems, Inc. (ParkStone) to jointly develop and deploy an integrated solution
that combines Cymedix(R) business-to-business (BtoB) Internet healthcare
communication systems with ParkStone's leading handheld solutions for
physicians.
The agreement between ParkStone and Cymedix(R) will allow both
companies to operate independently while joining forces to present a wide array
of clinical and financial information services to the healthcare provider via
handheld devices as well as computer desktops. ParkStone will utilize
Cymedix'(R) patented universal interface to create a seamless connection to the
healthcare provider's existing practice management information systems.
Cymedix(R) will also provide connectivity services to reference labs and certain
pharmacy benefit management (PBM) companies, as well as electronic claims
processing services.
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MEDIX/2
ParkStone will continue to develop its handheld technologies for the
delivery of lab order results, diagnostic testing orders and results, and
pharmacy transactions at the point of care. Joint marketing efforts are expected
to fuel the rapid growth and deployment of integrated electronic care management
solutions for health care organizations through the combined ParkStone and
Cymedix(R) systems
"I am delighted to have the opportunity to partner with ParkStone,"
stated John R. Prufeta, President and Chief Executive Officer of Medix
Resources. "This agreement represents a significant step forward for Medix
Resources in delivering a next generation platform to enable physician
connectivity with payors, allied and ancillary providers and hospitals."
"The relationship between ParkStone and Cymedix(R) is a perfect fit for
both companies," stated David Pfeil, President of Cymedix and Executive Vice
President and Chief Technology Officer of Medix Resources. "ParkStone is a
leader in the deployment of handheld technology for providers. The integration
of our technologies will accelerate the delivery of the current BtoB
connectivity that Cymedix(R) is deploying with PBMs and Health Systems. By
enabling ParkStone's products to access these various connectivity products, we
can focus our resources on connecting additional lab, PBM, and insurance
organizations, which will improve both companies position in the marketplace,
while delivering a superior suite of services to our customers."
John Johnson, President and Chief Executive Officer of ParkStone
commented, "Through this alliance with Cymedix, ParkStone will be able to
accelerate and expand its suite of products and services that can be delivered
to physicians at the point-of-care using ParkStone's hand-held computer
technology." He continued, "Physicians are confronted with many inefficiencies
in their day-to-day practice, conformity with health plan formulary and
reimbursement rules among others currently addressed by the ParkStone System."
Through the Cymedix and ParkStone agreement, physicians will be able to greatly
simplify the process of ordering and receiving lab and other diagnostic results,
speed up and improve accuracy of billing and charge capture, as well as
providing increased connectivity to numerous third party information resources,
all delivered through software applications in the palm of physicians' hands."
(more)
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MEDIX/3
About ParkStone Medical Information Systems, Inc.
Founded in 1997 by Glenn M. Parker, M.D., a board certified internist, and Lewis
P. Stone, B.S., C.S.E., a software systems architect, ParkStone Medical
Information Systems, Inc. is a leader in the development of hand-held solutions
for physicians. Today over 1,000 physicians are using ParkStone's mobile
hand-held solution for medication management, referral generation and diagnostic
test management. ParkStone is a privately held company based in Ft. Lauderdale,
Fla. and funded by Oak Investment Partners, Partech International, Cardinal
Health Partners and Salix Ventures. For more information about ParkStone, please
visit the ParkStone Web site at http://www.parkstonemed.com or contact Tim Brons
212-213-0006 or Michael Tabris 561-369-1411.
About Medix Resources, Inc.
Medix Resources, Inc. through its wholly-owned Cymedix subsidiary, is a
developer and provider of a suite of fully-secure, patented Internet based
software products, that allow instantaneous communication of high value added
healthcare information among doctor offices, hospitals, health management
organizations and insurance companies. 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.
This press release and prior releases are available on the KCSA Public Relations
Worldwide Web site at www.kcsa.com
