Express Scripts, PocketScript Partner to Roll Out Electronic Prescribing Solution to 15,000 Physicians.Business Editors/Health & Medical Writers ST. LOUIS, Mo. and CINCINNATI, Ohio--(BUSINESS WIRE)-- June 22, 2000 Express Scripts, Inc. (Nasdaq: ESRX) and PocketScript, Inc., today announced an agreement to bring PocketScript's wireless, handheld e-prescribing system to more than 15,000 Express Scripts' physicians. Under the agreement, Express Scripts will provide PocketScript's device, which includes formulary formulary /for·mu·lary/ (for´mu-lar?e) a collection of recipes, formulas, and prescriptions. National Formulary see under N. for·mu·lar·y n. information and potential drug interactions, to approximately 15,000 physicians at the point of care. PocketScript(TM) is the first e-prescribing system with a speech-driven interface and a touch-screen technology to generate prescriptions. Additionally, PocketScript is the first e-prescribing system to feature high-speed Internet See broadband. access and streaming video/audio to doctors' PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). (Personal Digital Assistant). "The time is right for electronic prescribing to become the primary method for generating a prescription," said Barrett Toan, chief executive officer for Express Scripts. "The technology is robust, relatively inexpensive and able to easily fit into a physician's work flow. Electronic prescribing supports improved delivery of health for patients by eliminating drug misadventures associated with a hand written prescription." "Fitting into the physician's office routine is the key to physician adoption of handheld electronic prescribing handheld electronic prescribing Therapeutics A format for prescribing drugs in which the prescribing physician keys in Pt demographics and a script, which is then sent via the internet to the pharmacy systems," continued Toan. "PocketScript's development of voice recognition software will enhance the physicians' ability to prescribe pharmaceuticals efficiently, without interrupting the workflow. Our relationship with PocketScript is an important part of Express Scripts' strategy to connect electronically to a significant portion of the physicians nationwide who write the majority of prescriptions for our 38.5 million members." "Signing with Express Scripts is an endorsement of PocketScript's technology - the ability to command the system by simply talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to" lecture, speech rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to it," said Stephen S. Burns, 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. and co-founder of PocketScript. "This is a breakthrough in the way physicians will prescribe pharmaceuticals and it enhances opportunities to interact with their patients." Express Scripts continues to support the rapid acceptance of electronic prescribing technology by announcing its new relationship with PocketScript. As part of the agreement, Express Scripts will provide fee-based financial compensation, marketing support and clinical assistance to PocketScript. How PocketScript Works PocketScript has created a highly efficient method to write electronic prescriptions with only a few touches of the screen, which has now been enhanced by the use of speech-driven technology. In less than one second, a speech command is compressed and sent via high-speed wireless transmission to an on-site computer server. Once there, the speech command is decompressed, recognized, re-compressed and instantly returned wirelessly to the handheld computer A computing device that can be easily held in one hand while the other hand is used to operate it. The Palm devices are a popular example. See Palm, smartphone and palmtop. for visual confirmation by the physician. PocketScript's proprietary compression technology enables large packets of information to be sent securely over a wireless connection. For example, physicians can access their patient records in a single second and instantly select the specific information necessary to generate a prescription for a patient in seconds. Additionally, the compression technology currently allows physicians to write 350 prescriptions a day, without recharging the battery. The device operates on the Microsoft CE or Pocket PC operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. . PocketScript software is currently being offered for the Hewlett-Packard Jornada, the NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Mobilepro, and the Compaq Ipaq Pocket PC. The PocketScript SDI (1) (Serial Digital Interface) A physical interface widely used for transmitting digital video in various formats. For electrical transmission, it uses a high grade of coaxial cable and a single BNC connector with Teflon insulation. has up to a 10-hour battery life, which enables the system to be used by the physician at the point of care for charge capture, transcription, obtaining lab results, sending and receiving e-mail and accessing the wealth of clinical information available at high speed on the Internet. About PocketScript PocketScript, Inc., a private company, develops software applications for wireless, handheld devices to improve physician efficiency and workflow. Using PocketScript, physicians can electronically write and transmit prescriptions; receive formulary and drug interaction information; access education and compliance services; and connect wirelessly to the Internet. The company was incorporated in 1999. PocketScript is headquartered in Mason, Ohio Mason is a city in southwestern Warren County, Ohio, United States. As of the 2000 census, Mason's population was 22,016. It was the fastest-growing and most populous city in the county. Until February 1997, it was part of Deerfield Township. , a suburb of Cincinnati. About Express Scripts Express Scripts is the nation's largest independent full-service pharmacy benefits manager (PBM PBM - play by mail. See play by electronic mail. ). Express Scripts provides fully integrated PBM services; mail-order pharmacy services; benefit design consultation; disease management; medical and drug data analysis services; medical information management services, including provider profiling and outcome assessments, through its subsidiary, Practice Patterns Science, Inc.; and informed decision counseling services through the Express Health Line(SM) division. The company also provides non-PBM services, including infusion therapy, through its subsidiary, Express Scripts Infusion Services and distribution services through its subsidiary, Express Scripts Specialty Distribution Services, Inc. Express Scripts is headquartered in St. Louis, Missouri. More information about the company can be found at http://www.express-scripts.com. Express Scripts 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. Statement This press release contains 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. , including, but not limited to, statements related to the Company's plans, objectives, expectations (financial and otherwise) or intentions. Actual results may differ significantly from those projected or suggested in any forward-looking statements. Factors that may impact these forward-looking statements are discussed in detail in our filings with the Securities and Exchange Commission, including but not limited to our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999. The company does not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. SOURCE: PocketScript Inc. |
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