<PAGE>
FILING PURSUANT TO RULE 425
Filer: MedicaLogic, Inc.
Subject Company: MedicaLogic, Inc.
No. 000-28285
No. 333-32390
THIS COMMUNICATION IS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT
TO RULES 165 AND 425 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
INVESTORS ARE URGED TO READ THE VARIOUS FILINGS OF MEDICALOGIC AND MEDSCAPE THAT
HAVE BEEN MADE WITH THE SECURITIES AND EXCHANGE COMMISSION, INCLUDING
MEDICALOGIC'S REGISTRATION STATEMENT ON FORM S-4, WITH RESPECT TO THE MERGERS
REFERRED TO IN THE FOLLOWING PRESENTATION PRIOR TO THE VOTE OF THE SHAREHOLDERS
OF THE RESPECTIVE COMPANIES AND THE ISSUANCE OF THE COMMON STOCK OF MEDICALOGIC
IN THE MERGERS. THESE FILED DOCUMENTS ARE AVAILABLE TO THE PUBLIC FROM
COMMERCIAL RETRIEVAL SERVICES AND FOR NO CHARGE AT THE WEB SITE MAINTAINED BY
THE SECURITIES AND EXCHANGE COMMISSION AT http://www.sec.gov.
MedicaLogic
The Online Health
Record Company
INVESTOR UPDATE
March 2000
Mark Leavitt, MD, PhD - CEO
Frank Spina - CFO
[MedicaLogic Logo]
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MEDICALOGIC'S MISSION
- To improve the healthcare
experience for physicians
and patients
[Photo depicting physician and patients]
- To produce RESULTS
- Save lives
- Save time
- Save costs
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HEALTHCARE DRIVING FORCES
- - Cost pressures on providers
- - Intensified regulation and oversight
- - Increasing consumer financial responsibility
- - Expanding consumer expectations
and power
[MedicaLogic logo]
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WHERE IS THE LEVERAGE?
Physician decisions
at the POINT OF CARE control
85% of healthcare
expenditures...
Every physician MUST
generate a NOTE
documenting the facts of
EVERY patient encounter
Pharmas
$100B
Plans
[Graphic: doctor] $150B
Physicians
$200B
Hospitals
$500B
[MedicaLogic Logo]
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MEDICALOGIC'S STRATEGY:
THREE STEPS TO
CLINICAL eHEALTHCARE
[MedicaLogic Logo]
<PAGE>
STEP 1: POINT-OF-CARE DEVICES
AND APPLICATIONS THAT CREATE
THE ONLINE HEALTH RECORD
[Graphic: Online Health Record, Point of Care Devices and Applications,
Physicians]
[MedicaLogic Logo]
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STEP 2: PERSONAL HEALTH
MANAGEMENT OFFERINGS THAT
CONNECT PATIENTS TO PHYSICIANS
[Graphic: Healthcare Consumers, Personal Health Mgmt Offerings, Online Health
Record, Point of Care Devices and Applications, Physicians]
[MedicaLogic Logo]
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STEP 3: PRECISELY TAILORED
CONTENT AND COMMERCE
[Graphic: Tailored Information and Commerce, Online Health Record, Healthcare
Consumers, Personal Health Mgmt Offerings, Point of Care Devices and
Applications, Physicians]
[MedicaLogic Logo]
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THE ONLINE HEALTH RECORD:
THE HUB OF CLINICAL eHEALTHCARE
[Graphic: Tailored Information and Commerce, Online Health Record, Healthcare
Consumers, Personal Health Mgmt Offerings, Point of Care Devices and
Applications, Physicians]
[MedicaLogic Logo]
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MEDICALOGIC'S OFFERINGS
[Graphic: eHealthcare Partners: Tailored Information and commerce, Online Health
Record, Healthcare Consumers, Personal Health Mgmt Offerings, Point of Care
Devices and Applications, Physicians]
98point6:
Web-based patient access to records, to their physician, and to content and
services
[Graphic]
Logician:
Comprehensive EMR with workflow, decision support, and external connectivity
[Graphic]
Logician Internet:
Web-enabled encounter documentation solution for the individual physician
[Graphic]
[MedicaLogic Logo]
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GROWTH OF OUR ONLINE HEALTH
RECORDS
[Bar Chart:
1996: .9 million
1997: 2.7 million
1998: 5.8 million
1999: 8.1 million
- - Over 8M patient
records online
- Encounters:
20M/yr
- Prescriptions:
20M/yr
- Lab tests:
10M/yr
[MedicaLogic Logo]
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INTEGRATED DELIVERY SYSTEMS
STANDARDIZED ON OUR ONLINE
HEALTH RECORD
- - Alliant - Christus - Queens
- - Allina - Cox - Riverside
- - Ark. BCBS - Eastern Maine - St. Vincent
- - Baylor C.M. - Memorial Hous. - Texas Childrens
- - Baylor Health - NASA - Trumbull
- - BI CareGroup - North Mem. - UMDNJ
- - BJC - NY Pres. / Cornell - Wake Forest
- - Capital Region - NYU / Mt. Sinai - Washington
- - Carilion - Promina - West Texas
- - Christiana - Providence - Yale
[MedicaLogic Logo]
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RECENT ANNOUNCEMENT
- - February 22, 2000: MedicaLogic Inc. (NASDAQ: MDLI)
today announced it has agreed to merger with
Medscape, Inc. (NASDAQ: MSCP) and to acquire
privately held Total eMed, Inc.
[MedicaLogic Logo]
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TODAY'S ANNOUNCEMENT:
PRACTICE PROFILES FOR PHYSICIANS
[Graphic]
Practice improvement
[Graphic]
Disease
Management
Epidemiology
[MedicaLogic Logo]
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COMPLETING THE STRATEGY
[Graphic: Tailored information and commerce, Online Health Record, Personal
Health Mgmt Offerings, Point of Care Devices and Applications]
CBS HealthWatch
- - $150M promotion from CBS
- - Exclusive CBS News integration
[CBS HealthWatch Logo]
Integrate personal health record with CBS
Healthwatch
[Graphic]
Medscape
- - #1 rated physician site
- - 280,000 registered physician members
worldwide
[Medscape Logo]
Broadened range
of devices:
- - PC
- - PDA
- - Phone
[Graphic]
Broadened range of
physician usage models:
- - Dictate
- - Point and click
- - Hybrid
[Graphic]
[MedicaLogic Logo]
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COMBINED STRATEGIC
PARTNERSHIPS
<TABLE>
<CAPTION>
<S> <C> <C>
[Women.com Logo] [National Data Corporation Logo] [Dell Logo]
[Dow Jones Logo] [Envoy Logo] [Lernout & Hauspie Logo]
[America Online Logo] [CVS.com Logo] [Oracle Logo]
[Drugstore.com Logo]
[Planetrx.com Logo]
</TABLE>
[MedicaLogic Logo]
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BLUE-CHIP ADVERTISERS
Pharmaceutical
<TABLE>
<CAPTION>
<S> <C> <C>
[Bristol-Myers Squibb Company Logo] [Merck Logo] [Schering-Plough Logo]
[Hoechst Marion Roussel Logo] [Pfizer Logo] [SmithKline Beacham]
[Genentech Biooncology Logo] [Procter & Gamble Logo] [Warner Lambert Logo]
[GlaxoWellcome Healthcare [Roche Logo] [Wheth Ayerst Logo]
Education Logo]
Consumer
[Ameritrade Logo] [Mercedes-Benz Logo] [UPS Logo]
[homeportfolio.com Logo] [OfficeMax Logo] [Johnson & Johnson Logo]
</TABLE>
[MedicaLogic Logo]
<PAGE>
REVENUE MODEL
AND METRICS
[MedicaLogic Logo]
<PAGE>
MARKETS DIRECTLY ADDRESSED
- - Medical office management expense
- - Transcription services
- - Healthcare supply chain
- Prescriptions
- Laboratories
- Claims
- - Pharmaceutical marketing
- Targeting physicians
- Targeting consumers
- - Clinical research and data mining
[MedicaLogic Logo]
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REVENUE SOURCES
- - Physician subscriptions for online health record
applications and services
- Subscriptions - $99 - $200 per user, per month
- Annual revenue $1k - $5k per physician
- - Physician transcription services for ambulatory care
- Fees - 0.14 - 0.16 per line
- Annual revenue $10k+ per physician
- - Electronic prescription origination commission
- eCommerce commission - $1 - $2 per script
- Average volume - 10,000 scripts per year per physician
- Annual revenue $10k per physician
- - Pharmaceutical advertising and sponsorship
- One of the highest CPM of any web advertising
- High number of mandatory page views per physician
- - Research
- Clinical trials recruitment
- Marketing research, clinical research, epidemiology
[MedicaLogic Logo]
<PAGE>
PHYSICIAN ADOPTION:
ECONOMIC DRIVERS
[Graphic: flow chart of economic drivers]
Office expenses
Gross revenues
Transcription to
create ambulatory
care chart notes
Pharma marketing
Net pay
Capture and
deliver more effectiveness
~500k physicians in
active office practice
[MedicaLogic Logo]
<PAGE>
COMBINED ASSETS AND METRICS
- - Dominant, first-mover lead - 8 million online health records
- - Depth - 8000 clinicians using tools daily/deeply for all chart
note creation and viewing
- - High level industry adoption - over 40 Integrated Delivery
Networks have standardized on our Online Health Records
- - Reach - 280,000 registered physicians at Web site
- - Management - experienced team in OHR, transcription
services, and professional content
- - Professional Reputation - Dr George D Lundberg [Photo of Dr. Lundberg]
Editor-in-Chief, formerly Editor in Chief of JAMA, 17 years
- - Promotion and Branding - $150M in advertising from CBS,
exclusive CBS news integration
[MedicaLogic Logo]
<PAGE>
SALES AND MARKETING
- - Physician sales force (20) - enterprise-level sales of
transcription service, physician applications, and
integrated web strategy offerings
- - Physician community "viral" marketing programs
- Physician champions - 100 regional speakers, advocates
- Tell a colleague - Netcentives points
- Free for physicians in training or serving public health
obligations
- - Online cross-sell from Medscape Web site and e-mail
program
- - CBS promotion for consumer Web site; targeted use for
physicians
- - Advertising sales force (30) - pharmaceutical
companies, etc
[MedicaLogic Logo]
<PAGE>
IN SUMMARY
- - The Online Health Record (not the electronic insurance claim)
- used at the point of care - is the true hub of eHealthcare
- - Dominant, first-mover lead in Online Health Records. High
barriers to competitive entry or switching
- - Complete range of physician devices and applications - from
no behavioral change required, to dramatic practice
reengineering and cost reduction
- - Unique consumer value: access to their physician-created
Online Health Record, and communication for appointments,
prescriptions, questions
- - Premier, authoritative health content for physicians and
consumers, precisely delivered in context around the record
- - Our solutions, used by physicians at the point of care, are at
the front end of the supply chain for driving clinical
eCommerce
[MedicaLogic Logo]
<PAGE>
This communication is filed with the Securities and Exchange Commission
pursuant to Rules 165 and 425 promulgated under the Securities Act of 1933,
as amended. Investors are urged to read the various filings of MedicaLogic
and Medscape that have been made with the Securities and Exchange Commission,
including MedicaLogic's Registration Statement on Form S-4, with respect to
the mergers referred to in the following presentation prior to the vote of
the shareholders of the respective companies and the issuance of the common
stock of MedicaLogic in the mergers. These filed documents are available to
the public from commercial retrieval services and for no charge at the web
site maintained by the Securities and Exchange Commission at
http://www.sec.gov.
This presentation contains forward-looking statements that are subject
to risks and uncertainties. We caution you not to place undue reliance on
these statements. Forward-looking statements include information concerning
possible or assumed future results of operations of MedicaLogic, Medscape or
Total eMed, including any forecasts, projections and descriptions of
anticipated cost savings or other anticipated synergies related to the
mergers. You should note that many factors could affect our actual financial
results, and could cause actual results to differ materially from those in
the forward-looking statements, including the possibility that MedicaLogic's
mergers with Medscape and Total eMed may not be completed and the other
factors described in MedicaLogic's Registration Statement on Form S-4 and
MedicaLogic's Annual Report on Form 10-K filed with the Securities and
Exchange Commission.
[MedicaLogic Logo]
