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October 14, 2002
SURESCRIPTS AND PROXYMED PARTNER TO PROMOTE ADOPTION OF ELECTRONIC PRESCRIBING SERVICES
FOR IMMEDIATE RELEASE
October 14,2002
SURESCRIPTS AND PROXYMED PARTNER TO PROMOTE ADOPTION OF ELECTRONIC PRESCRIBING SERVICES
Partnership will advance prescribing adoption in FL and TX,
Accelerate integration and learning
Fort Lauderdale, Florida and Alexandria, Virginia (Business Wire) October 14, 2002 – ProxyMed, Inc. (Nasdaq: PILL), a leading provider of physician healthcare transaction processing services, and SureScript Systems, Inc., a company dedicated to enhancing patient care and medical practice by linking physicians directly to the nation’s 55,000 independent and chain pharmacies, announced today the signing of a collaborative agreement to sponsor and provide electronic prescribing services. The companies have also agreed to interconnect their networks so that physicians and pharmacies on both networks have seamless and direct access to each other.
The sponsorship program formed by the agreement will enroll up to 3,000 physicians in Florida and Texas to use PreScribe, ProxyMed’s Internet based electronic prescribing applications. SureScripts will pay the first year’s subscription fees for all physicians enrolled in the program. This program is one of a series of Learning Lab initiatives being run by SureScripts to collect market analysis data and to document operational efficiencies resulting from the use of e-prescribing by physicians and community pharmacies. ProxyMed is connected to major pharmacy chains such as Walgreens, Eckerd, and supermarket pharmacy Publix, as well as to a number of independent pharmacies through a partnership with QS/1 Data Systems. In addition, ProxyMed recently announced an e-prescribing connectivity agreement with national pharmacy chain, Rite Aid. SureScripts will begin providing connectivity to additional independent and chain pharmacies later this year.
“We are committed to collaborations that advance provider-centric electronic prescribing that directly connects those who provide health care,” said Kevin Hutchinson, CEO of SureScripts. “SureScript’s initiative with ProxyMed will enhance the breadth, depth and overall quality of consultation between pharmacists and physicians by allowing physicians using the PreScribe product to reach more of America’s pharmacies through the SureScripts network.”
“ProxyMed welcomes SureScripts as a partner,” said Jack Guinan, EVP Prescription Services of ProxyMed. “We have a common vision of driving widespread adoption of physician-to-pharmacy connectivity. In these early stages of adoption collaboration is extremely important in getting the participation of a larger number of physicians and community pharmacies.”
About SureScripts
SureScript Systems, Inc. was founded by the National Community Pharmacists Association and the National Association of Chain Drug Stores, which together represent the interests of 55,000 chains and independent pharmacies in America. SureScripts was created to facilitate the adoption of electronic prescribing and to provide an efficient and secure electronic exchange whereby the physicians and pharmacists are linked. To simplify the lives of physicians and pharmacists and enhance patient safety, SureScripts replaces time-consuming phone calls and faxes with electronic new prescriptions and renewals. SureScripts is working with the nation’s premier health care technology vendors to create an open, efficient system that is compatible with all major physician technologies and pharmacy systems software. More information about SureScripts is available at www.surescripts.com.
About ProxyMed - Where Healthcare Connects(TM)
ProxyMed solves the business problems of physician offices every day by automating their financial, administrative and clinical transactions with healthcare institutions. To facilitate these services, ProxyMed operates ProxyNet®, its secure, proprietary national electronic information network, which provides physicians and other healthcare providers with direct connectivity to one of the industry's largest list of payers, the largest list of chain and independent pharmacies and the largest list of clinical laboratories. ProxyMed exceeds customer expectations through our expertise, proven methodologies and dedication to service excellence.
More information on ProxyMed is available on its home page at www.proxymed.com.
Note: This press release contains forward-looking statements that reflect our current assumptions and expectations regarding future events, including without limitation the statements relating to the opportunities presented by this agreement. While these statements reflect our current judgment, they are subject to risks and uncertainties. Actual results may differ significantly from projected results due to a number of factors, including, but not limited to the soundness of our business strategies relative to the perceived market opportunities; our ability to identify suitable acquisition candidates; our ability to successfully integrate any future acquisitions; our ability to successfully develop, market, sell, cross-sell, install and upgrade our clinical and financial transaction services and applications to current and new physicians, payers, medical laboratories and pharmacies; our ability to compete effectively on price and support services; our assessment of the healthcare industry's need, desire and ability to become technology efficient; and our ability and that of our business associates to comply with various government rules regarding healthcare and patient privacy. These and other risk factors are more fully discussed in the Risk Factors disclosure in our Form 10-K for the year ended December 31, 2001 and our other filings with the Securities and Exchange Commission, which we strongly urge you to read. We expressly disclaim any intent or obligation to update any forward-looking statements. When used, the words "believes," "estimated,"
"expects," "anticipates," "may" and similar expressions are intended to identify forward-looking statements.
Contact
Mike Beyer
Ritz Communications for SureScripts
312-961-2502
mike.beyer@ritzcommunications.com
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