Bio-Reference Labs Announces NDC Health Information Contract for CareEvolve.com.Business, Medical/Health & High Tech Editors ELMWOOD PARK Elmwood Park, village (1990 pop. 23,206), Cook co., NE Ill., a suburb of Chicago; inc. 1914. It is chiefly residential. , N.J.--(BUSINESS WIRE)--June 1, 2000 Bio-Reference Laboratories, Inc (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BRLI BRLI Bio Rad Laboratories Inc - news), announced a contract with the NDC NDC National Drug Code NDC NATO Defense College NDC National Documentation Centre (National Hellenic Research Foundation, Athens, Greece) NDC National Dairy Council NDC National Democratic Congress Health Information Services See Information Systems. division of National Data Corporation (NYSE NYSE See: New York Stock Exchange : NDC). Under the terms of the contract, CareEvolve.com, BRLI's e-Health connectivity portal, will provide subscribing members the full suite of NDC's breakthrough Web-based electronic payer enrollment, claims submission, remittance advice, eligibility verification and patient statement services, in addition to the extensive suite of services already being offered, including secure messaging, prescription services, lab reporting, financial services and others. NDC maintains that it has the world's largest independent health care value-added network serving more than 90 percent of the nation's pharmacies, more than 20 percent of the nation's hospitals, over 1,000 payers and most leading pharmaceutical manufacturers. NDC also has the largest number of installed Microsoft Windows(R)-based practice management systems in the physician market. Walter M. Hoff, president 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 NDC Health Information Services, said, "With this agreement, Bio-Reference Labs and NDC are improving communication in the medical community. As more physician practices become Web-enabled through BRLI's CareEvolve.com Web portal, all healthcare participants benefit from the improved efficiencies." Marc Grodman, M.D., Chairman and CEO of BRLI, stated, "When incorporated into the system we have already developed, the NDC services that CareEvolve.com will be able to provide under this agreement complete the core services that we believe are necessary to provide Healthcare professionals with a robust and complete B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business eHealthcare solution. It is our goal to provide the physician's office with all of the tools necessary for that office to work efficiently as an internet enabled office. The NDC suite of services now completes our all-inclusive package and will allow CareEvolve.com to enhance the operations of the physician's office, to enable the communications necessary to enhance and enable physician alliance groups, and to provide an efficient and reliable physician payer network. NDC provides CareEvolve.com with a core piece necessary to achieve our goal of providing "Better Healthcare through Better Communications". For additional information about BRLI, please visit www.bioreference.com, www.doctorny.com, www.drugscreenlab.com, www.drugabusekit.com, www.bio-incubator.com, and www.rightbodyfoods.com. BRLI, is a multi-faceted Health Services health services Managed care The benefits covered under a health contract and Information Company as well as the largest regional clinical laboratory in the North East United States. It has major market positions in physician offices, industry, nursing homes and correctional institutions. Its toxicology division performs employee drug testing for major corporations nationwide, as well as drug treatment centers and psychiatric hospitals. CareEvolve.com, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BRLI, is a Physician based health portal that seeks to enhance physician-patient and physician-payor electronic communications on a secured basis. Planned services, some of which are already being provided, include communicating laboratory results, e-mail, prescriptions, payor verification and eligibility, as well as offering other Internet based services to the physician members. These services will be provided through an Internet connectivity backbone. Statements included within this news release that are historical in nature constitute forward-looking statements for the purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that this news release contains certain such forward-looking statements that involve substantial risks and uncertainties. When used, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to the Company or its management are intended to identify such forward-looking statements. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements. Further management discussion of risks and uncertainties can be found in the Company's filings with the Securities and Exchange Commission. The Company's common stock is traded on the Nasdaq Small Cap system under the symbol "BRLI." National Data Corporation (NYSE: NDC) is a leading provider of health information services and electronic commerce solutions that add value to its' customers operations. |
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