Cybear and MedPlus to Deliver E-Health Solution For Laboratory Orders and Results.Business Editors and Health/Medical Writers 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)--January 19, 2000 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 ), a leading e-healthcare connectivity, applications and portal provider, announced today that it has signed a five-year agreement with MedPlus, Inc. (Nasdaq:MEDP MEDP Marine Engineering Development Program ), to serve as its 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. ). Under this agreement, Cybear's ISP will exclusively provide Internet connectivity to certain MedPlus customers, allowing them to securely view and order electronic lab results over the Internet. Cybear will earn transaction fees in addition to the revenue generated from providing this ISP service. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a study reported in the Journal of the American Medical Informatics medical informatics, n the field of information science concerned with the analysis and dissemination of medical data through the application of computers to various aspects of health care and medicine. Association, "access to diagnostic-test results" has been rated as the single most important function physicians generally want from their computer system. Laboratory tests are an integral diagnostic tool used by physicians, but represent a paper intensive process, where orders and later results are entered onto separate forms which must then be matched to the patient, reviewed by the physician, and placed onto the patient's chart. Given the sheer volume of paper involved -- thousands of lab tests are performed each day -- MedPlus' and Cybear's physician subscribers will be able to provide better healthcare by using the Internet to securely place electronic lab orders and view their patients' lab results. Based on this agreement with MedPlus, Cybear's ISP will exclusively provide Internet connectivity to customers under the recently-announced agreement between MedPlus and Quest Diagnostics Quest Diagnostics Incorporated (NYSE: DGX) is a United States corporation which provides clinical laboratory services . The company also has a business presence in England and Mexico. Quest Diagnostics is a member of the Fortune 500 and the S&P 500. Incorporated (NYSE NYSE See: New York Stock Exchange : DGX DGX Dogfishes (FAO fish species code) ), to provide electronic health services health services Managed care The benefits covered under a health contract in conjunction with MedPlus' electronic patient record system. Quest Diagnostics is the nation's leading provider of diagnostic testing Diagnostic testing Testing performed to determine if someone is affected with a particular disease. Mentioned in: Von Willebrand Disease , information and services, with approximately 180,000 physician customers. "Providing physicians with laboratory connectivity for orders and results is a major evolution in healthcare. This relationship enables us to provide valuable real time patient-centric healthcare information and conduct transactions on-line, which is the next phase of Cybear's technology strategy," said Edward Goldman, M.D., president and chief executive officer of Cybear. "We chose MedPlus because they have a strong reputation, especially among their hospital customers, and an excellent electronic patient record system. Together, we can deliver distinctive healthcare applications and services through the Internet, allowing physicians to access the information they need to better care for their patients and at the same time reduce the cost to those patients." Richard A. Mahoney, president and chief executive officer of MedPlus, said, "Our relationship with Cybear dramatically enhances MedPlus' ability to become a leading e-health services company and to realize our vision of offering a preeminent electronic patient record system that is also Web-based. The Internet connectivity of Cybear will allow us to compete for the billions of transactions that occur annually in healthcare. Cybear's encryption and use of firewall technologies as a dedicated ISP, combined with the security measures built into our ChartMaxx electronic patient record system, mean that our combined efforts will exceed the patient security requirements in the HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, legislation." Cybear, Inc., headquartered in Boca Raton, Fla., is an information technology company using the Internet to improve the efficiency of administrative and communications tasks of managing patient care - while addressing the healthcare industry's critical need for secure and reliable transmission of information. An Internet Service Provider (ISP) and Application Services Provider (ASP) for the healthcare industry, Cybear uses its own secure private network to provide access to the Internet, email, and robust productivity applications available on a transaction or subscription basis to physicians, physician organizations, pharmacies, and hospitals. Some of its on-line applications include business tools for hospital messaging, lab orders and results, streamlined purchasing, prescription writing, claims processing, eligibility checking, formulary-compliance, credentialing, Web site creation, and physician-patient communications via the Internet. More information and subscriptions to the company's product designed for the physician practice are available online at www.cybear.com or by calling 877.999.3001. Cybear offers free access to a variety of consumer health news and information on diseases and wellness to help the entire family manage its health at www.cybear.com. MedPlus is a leading e-health provider of enterprise-wide electronic patient record systems compliant with proposed HIPAA regulations. Via the Internet, the Company's ChartMaxx system can provide access to critical clinical data on a patient-centric basis for all caregivers, thus enhancing physician productivity and patient care. The Company has implemented its systems in over 150 hospitals across the United States and Canada. For more information, visit the Company's Web site at www.medplus.com. 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 those risks and uncertainties detailed in Cybear's filings with the Securities and Exchange Commission. |
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