Bio-Reference Labs Announces Release of CareEvolve.com; CareEvolve.com Enrolls 200 Members.Business Editors/Health & Medical Writers 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.--(BW HealthWire)--Aug. 8, 2000 Bio-Reference Laboratories Inc. (Nasdaq:BRLI BRLI Bio Rad Laboratories Inc ), announced that CareEvolve.com, BRLI's eHealthcare connectivity portal, has already enrolled over 200 members following its release on Aug. 1, 2000. CareEvolve is a 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 physician-centric Web-based solution that will enable members to provide Better Healthcare through Better Communication. CareEvolve provides a full range of services to enhance the physician's office that are based on a secure messaging system Software that provides an electronic mail delivery system. It is made up of the following functional components, which may be packaged together or independently. Mail User Agent that is able to provide communications between physicians, patients, other physicians, vendors and payers. In addition, the system provides the physician with a Web site, an ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. , and a broad base of Web-based services, such as electronic payer enrollment, claims submission, computer purchasing, eligibility verification, Web-based consultations, CME CME See: Chicago Mercantile Exchange CME See Chicago Mercantile Exchange (CME). courses, full financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , office and medical supplies ordering, prescription services and lab reporting. Marc Grodman, M.D., chairman and chief executive officer of BRLI, stated, "In order to provide better service with optimum efficiency, the move to healthcare connectivity is an inevitable one. We believe that CareEvolve.com is a truly value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. service for all participants within the healthcare continuum. We have designed a sophisticated, robust portal that will allow the physician members to securely communicate with their patients, with other physicians, with vendors and with payers. The system will allow the physician to use the Internet to relieve many of the resource-intensive office practice issues. The time, the money and the human resource savings that CareEvolve brings to the office can be implemented at a speed with which the physician is comfortable. By utilizing our experienced marketing team and seasoned staff, we will not only be able to educate potential subscribers on the benefits of CareEvolve, but we will also be able to quickly get offices linked to the portal and then provide the necessary support to ensure full utilization and minimum downtime. "When compared to the other portal solutions available today," Grodman continued, "We believe that CareEvolve is one of the most comprehensive, cost effective and user friendly connectivity solutions available to healthcare professionals. The unique thing about the CareEvolve solution is that we have based it on a Regional, service model to be delivered through a trusted distribution access system. Our first week enrollments have already laid the groundwork for success and we expect to exceed our internal goal for enrollees during the 2000 year. We have spent a great deal of time preparing for this rollout and we have avoided the temptation to prematurely offer the service. By committing the additional time and web specialists to ensure that CareEvolve functioned properly, we have created an excellent solution that will not need customization as we begin to market and deploy the service to physicians in the Northeast." 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, nursing homes and correctional institutions. Its toxicology division performs employee drug testing for major corporations nationwide, as well as for 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-payer electronic communications on a secured basis, including communicating laboratory results, e-mail, prescriptions, payer verification and eligibility, as well as offering other Internet based services to its physician members. These services will be provided through an Internet connectivity backbone. The company's common stock is traded on the Nasdaq Small Cap system under the symbol "BRLI." Statements included in this release that are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements." Statements looking forward in time are included in this Annual Report pursuant to 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. " provisions of 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. Such statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to be materially different from any future performance suggested herein. |
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