Advanced Health announces software license agreement with Synetic.TARRYTOWN Tarrytown (târ`ētoun), village (1990 pop. 10,739), Westchester co., SE N.Y., a residential suburb of New York City, on the E bank of the Hudson opposite Nyack; settled in the 17th cent. by the Dutch, inc. 1870. , N.Y.--(BUSINESS WIRE)--April 1, 1997--Advanced Health Corporation (Nasdaq:ADVH) announced an agreement today with Synetic Synetic GmbH is a German video game company specialising in racing games. The company was founded in 1996 in Gütersloh by 5 former members of Ascaron. All 5 original members are still working for the company. Inc. (Nasdaq: SNTC SNTC System for Naval Target Control ) to provide Synetic with certain software applications to further Synetic's business of developing on-line health care transaction services which connect physicians to other participants within the health care system, including prescription benefit managers, clinical laboratory companies, and health plan managers such as health maintenance organizations and insurance companies. Terms of the agreement were not disclosed. "This is an important agreement for Advanced Health," noted Jon Edelson, MD, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Advanced Health. "We are pleased Synetic has chosen our applications as a component of their growing health care communications business. We believe that this agreement confirms both the accelerating importance of physician information tools in health care management, as well as our role in providing these tools." Advanced Health Corporation is a leading physician practice management company that vertically integrates practice and network management services with clinical information systems. Unlike other physician practice management companies, Advanced Health partners with - instead of purchases - physician group practices, thereby maintaining physicians' independence and providing the optimal incentives to achieve practice success. ADVH provides physician practice and network management and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" through its Advanced Health Management subsidiary and currently serves over 1,800 physicians. ADVH provides clinical information systems through its Advanced Health Med-E-Systems' subsidiary. Editor's Notes Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : This release is available on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://www.advhealth.com and at http://www.noonanrusso.com . CONTACT: Advanced Health Corporation Victoria Feder, 914/524-4204 e-mail: vfeder@advhealth.com or Noonan/Russo Communications, Inc. (212) 696-4455 Pam Burian (investors), ext. 213 Michele Helm (media), ext. 225 e-mail: news@noonanrusso.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion