Cybear Chosen to Provide Connectivity to Five Physician Organizations in Four States.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BW HealthWire)--Aug. 26, 1999-- Cybear, Inc. (Nasdaq:CYBA CYBA Charter Yacht Broker Association CYBA Conejo Youth Basketball Association (Conejo Valley, California) CYBA California Yacht Brokers Association CYBA Cybertron Army CYBA Columbia Yacht Brokers Association ), the Internet-based portal and provider of healthcare communications and applications, announced today it has signed agreements to serve as the Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (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. ) to offer connectivity and online services to five separate Independent Practice Associations (IPAs) and their more than 1,000 physicians members. The physicians, located in four geographically disparate states, will be connected through Cybear's Solutions MD private Intranet application, which provides industry-leading privacy and security while it supports the communication and administrative needs of busy medical offices. The new IPAs that have contracted with Cybear include: -- Narrows IPA IPA - International Phonetic Alphabet , with approximately 400 physician members in multi-specialty, private practices and large group organizations, mostly throughout Staten Island Staten Island (1990 pop. 378,977), 59 sq mi (160 sq km), SE N.Y., in New York Bay, SW of Manhattan, forming Richmond co. of New York state and the borough of Staten Island of New York City. , N.Y. -- Tidewater Physicians Services, with 190 physician members in communities surrounding Norfolk and Virginia Beach Virginia Beach, resort city (1990 pop. 393,069), independent and in no county, SE Va., on the Atlantic coast; inc. 1906. In 1963, Princess Anne co. and the former small town of Virginia Beach were merged, giving the present city an area of 302 sq mi (782 sq km). , Va. A provider-owned Medical Management Services Organization management services organization Physician practice management company Medical practice An organization contracted by a health care provider/supplier to furnish administrative, clerical, and claims processing functions of the provider/supplier's practice. , Tidewater was formed by Preferred Physicians Medical Group, an IPA model multi-specialty group, and its managing partners, to meet the needs of the Hampton Roads Hampton Roads, roadstead, 4 mi (6.4 km) long and 40 ft (12.2 m) deep, SE Va., through which the waters of the James, Nansemond, and Elizabeth rivers pass into Chesapeake Bay. medical community. -- Integrity Healthcare, a multi-specialty IPA with 256 physician members having practices throughout Camden, Burlington and Gloucester counties in Southern New Jersey. -- Meridian Association of Physicians, which encompasses 109 physician members in the southern Portland suburb of Tualatin, Oregon. The self-employed membership represents 65 medical offices in solo or group practices. -- Doctors of Clackamas County, which is based in Oregon City There are two places named Oregon City in the United States:
Oregon, includes 110 (primary care and specialists) physician members located in areas surrounding Portland. This IPA represents 18,000 capitated lives and is affiliated with the Clackamas Regional Health System Physician Hospital Organization. These IPAs provide a variety of services to their membership, including one or more of the following: discounts on medical supply purchases, preferred rates for disability and malpractice insurance Noun 1. malpractice insurance - insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice; "obstetricians have to pay high rates for malpractice insurance" , credentialing, assistance in negotiating rates with HMOs for IPA members in risk contracts, and access to capitated health plans. "While all IPAs provide numerous services to their physician members, no two IPAs are alike. These agreements demonstrate the flexibility and growing acceptance of Solutions MD to serve diverse IPA organizations, and represent another significant milestone in Cybear's evolution," said Ed Goldman, M.D., Cybear president and chief executive officer. Vincent Calamia, M.D., Narrows IPA president, said, "A group our size must continue to look for efficiencies in how we conduct business - communication has been one of those challenges. We look forward to being able to communicate electronically with our colleagues in an environment we can trust is secure, as well as utilizing the many other resources provided by the Cybear technology." Dr. Goldman added, "Physician groups tell us over and over that they need economical solutions that let them communicate online with their membership. Solutions MD meets that critical need by establishing secure, private networks that allow them to share information within their group while also giving them instant access to the rest of the world." Narrows IPA will begin installation this week to connect its members to Solutions MD and establish their intranet and Internet service. Services to the remaining organizations will commence in early September. About Cybear, Inc. Cybear, Inc. (www.cybear.com) is an information technology company using the Internet and Internet-based applications to improve the efficiency of day-to-day administrative and communications tasks of healthcare providers that interact to manage patient care. Cybear provides access to the Internet and its Solutions product line through its own Internet service provider (ISP) system, delivering productivity applications to physicians, physician organizations, pharmacies, hospitals and consumers while addressing the healthcare industry's critical need for secure and reliable transmission of information. Solutions MD, the company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. designed for physicians and introduced in March, provides a gateway to the Internet for physicians and others in the medical office and a simple way to create a customized web site for the physician's practice. Providing multiple tools to eliminate the bureaucratic obstacles to practicing efficient medicine, it contains extensive physician, practice, coding, patient care, clinical and compliance solutions. The product provides convenient access to numerous forms to aid the physician in the myriad requirements of patient care, billing, reimbursement, compliance, and human resources and provides a tool to allow the practice to conduct patient satisfaction surveys in accordance with National Committee on Quality Assurance guidelines. Other features include access to patient education handouts, ICD ICD International Classification of Diseases (of the World Health Organization); intrauterine contraceptive device. ICD abbr. 9 code searches, one-page summaries of the doctor's managed care contracts, profiles of insurance plans' coverage of pharmaceuticals, and a listing of searchable clinical trials. Subscriptions to Solutions MD are available online at www.solutionsmd.com or by calling 877.999.3001. Forward-looking statements (statements which are not historical facts) in this release are made 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. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including these risks and uncertainties detailed in Cybear's filings with the Securities and Exchange Commission. |
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