CVS/pharmacy, Healtheon/WebMD Partner to Create End-to-End E-Pharmacy Solution.Business/High Tech Editors WOONSOCKET, R.I., and ATLANTA--(BUSINESS WIRE)--Jan. 10, 2000 - CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. .com Named Exclusive Pharmacy for WebMD Consumer Health and its Exclusive Online Partners - - Healtheon/WebMD to be Exclusive E-Health Provider of Distribution, Content, Community and Connectivity for CVS and its Affiliates - CVS/pharmacy (NYSE NYSE See: New York Stock Exchange :CVS), America's No. 1 drugstore chain, and Healtheon/WebMD (Nasdaq:HLTH HLTH Health HLTH WebMD Corporation (stock abbreviation, AMEX) ), the first end-to-end Internet healthcare company connecting physicians and consumers to the entire healthcare industry, today announced a long term alliance that creates a comprehensive e-pharmacy for healthcare information, prescription and over-the-counter medications, vitamins, herbal herbal, early botanical book containing descriptions and illustrations of herbs and plants with their properties, chiefly those qualities that made them useful as medicines or condiments. Most of the herbals were written between c.1470 and c. products and beauty items. Under terms of the agreement, prescriptions and other transactions can now be facilitated completely electronically -- from the doctor's office to CVS Pharmacies to the patient and from CVS' benefit managers to third-party payors and pharmacy benefit managers (PBMs). During the next six months, approximately 50 million electronic pharmacy transactions will be moved to the Healtheon/WebMD network. These transactions connect and automate CVS Pharmacies to payors, PBMs and other healthcare institutions. The partnership will provide both companies with additional revenue stream opportunities in e-commerce on both company's sites, and advertising/sponsorships. Additionally, Healtheon/WebMD will receive revenue from the connectivity transaction fees and click through impressions. CVS.com will become the exclusive e-pharmacy for Healtheon/WebMD and in the health channels of Healtheon/WebMD's strategic online health partners Excite@Home, Lycos, and The Microsoft Network See MSN. Microsoft Network - The Microsoft Network . As part of the agreement, CVS will receive more than one billion advertising impressions through its presence on WebMD and its partner's health channels. Additionally, Healtheon/WebMD will be the exclusive e-health provider of distribution, content, community and connectivity for CVS and its affiliates. The CVS.com Web site and CVS' Procare specialty pharmacy will allow consumers to gain extensive, credible information on prescriptions and related products through Healtheon/WebMD's original health content from its staff of over 100 medical writers. "Consumers will now have a single, comprehensive destination on the Web for their healthcare and pharmacy needs," said Tom Ryan
Tom Ryan (born August 3 1986), who plays under the pseudonym Ogre 2, is a professional gamer from Pickerington, Ohio, USA. , 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 CVS/pharmacy. "This partnership represents another step in CVS' strategy to achieve leadership in the online pharmacy  This article or section may deal primarily with the U.S. and may not present a worldwide view. sector and will enhance the service we provide physicians and our customers on CVS.com and in our 4,100 stores." CVS will provide pharmacy product fulfillment and offline opportunities within CVS' 4,100 retail stores serving 55 million prescription customers, which will exhibit WebMD-branded window banners and other in-store signage. The WebMD logo will appear within CVS circulars, reaching tens of millions of offline customers; and on approximately 1 billion shopping bags annually. In addition, CVS and Healtheon/WebMD will work to allow consumers the option for in-store pick-up and delivery. Together CVS and Healtheon/WebMD will develop new products and technologies, such as a standard, end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. for generating, transmitting and filling prescriptions electronically. The companies will also develop educational information and tools to inform customers about choices for their pharmaceutical and alternative healthcare needs. The two companies will also focus on providing consumers with personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. health information via Healtheon/WebMD's "myhealthrecord" service. "Healtheon/WebMD and CVS are working to empower consumers to take an active and involved role in managing their health," said Jeff Arnold, CEO of Healtheon/WebMD. "By working with CVS, which last year dispensed dis·pense v. dis·pensed, dis·pens·ing, dis·pens·es v.tr. 1. To deal out in parts or portions; distribute. See Synonyms at distribute. 2. To prepare and give out (medicines). 3. over 280 million prescriptions making it the largest retail provider of pharmaceuticals in America, with 55 million prescription customers and a rapidly growing number of active online customers, we can provide all of our customers -- including physicians and consumers -- with the most comprehensive e-pharmacy services, information and products available today." "We are getting a superb partner in WebMD, one of the most visited healthcare information sites and certainly the most reliable and credible healthcare content provider online," said Tom Pigott, president and CEO of CVS.com. "By joining quality and authoritative health information with our full-service CVS `clicks and mortar' pharmacy, we are providing consumers with a unique and compelling healthcare offering." "The partnership we announced today with CVS is a significant step in addressing the fragmentation creating inefficiencies in healthcare today Healthcare Today is a monthly newsmagazine published in the United Kingdom by Mayden Publishing. The style and layout of the magazine is similar to that of The Week but its focus is purely on health-related news. ," said Mike Long, Chairman and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Healtheon/WebMD. "Together, we will build on our previously announced partnerships to provide a secure, reliable electronic prescription system for physicians and consumers, completing the paperless pharmacy transaction process." The CVS.com site will be co-branded and a co-branded version of WebMD.com will be created for CVS. A prominent link to CVS.com will appear on the WebMD home page and on the navigation bar A set of buttons or graphic images typically in a row or column used as a central point that link you to major topic sections on a Web site. If the navigation bar is a single graphic image with multiple selections, it is known as an imagemap. See imagemap. of each WebMD page. Links to CVS.com will also appear on the health channel pages on Excite@Home, Lycos, and the Microsoft Network. Together the two companies will jointly leverage each other's on- and off-line advertising to promote the benefits of the partnership. About CVS Corporation CVS/pharmacy is the nation's largest retail provider of prescriptions. The Company is the No. 1 drugstore chain in the U.S. with approximately 4,100 stores in the Northeast, Mid-Atlantic, Southeast and Midwest regions of the country. General information about CVS, including corporate background and press releases, is available at CVS' web site at http://www.cvs.com. About CVS.com CVS.com is the nation's first complete Internet pharmacy internet pharmacy Online A website that offers prescription drugs from the comfort of home Cons The IP or prescribing physician may not be qualified or licensed to prescribe drugs in all states. See Operation Cure-All, VIPPS. . Launched in January 1999 as soma.com, CVS.com provides 24-hour-a-day access to registered pharmacists This is a list of notable pharmacists.
About Healtheon/WebMD Healtheon/WebMD is the first end-to-end Internet healthcare company connecting physicians and consumers to the entire healthcare industry. Healtheon/WebMD is using the Internet to facilitate a new system for the delivery of healthcare, resulting in a single, secure environment for all communications and transactions that will enable a more efficient and cost effective healthcare system. With corporate headquarters in Atlanta and technology headquarters in Silicon Valley, the company was formed in November 1999 as a result of the merger of Healtheon Corporation, WebMD, Inc., MEDE Mede n. A member of an Iranian people, closely related to the Persians, inhabiting ancient Media. [Ultimately from Greek M America and Medcast. For more information, visit http://www.webmd.com. This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties. The potential risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company's Securities and Exchange Commission filings. Visit the complete CVS.com media kit online at http://www.businesswire.com/cnn/cvs.shtml |
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