MedCard Division of SIMS Communications to Manage Doctor Collections for The Suffolk Bureau of Medical Economics.IRVINE, Calif.--(BUSINESS WIRE)--May 5, 1999-- Revenue Will Immediately Increase by $75,000/Month with Anticipated Increase to $150,000/Month By Year-End SIMS SIMS Secondary Ion Mass Spectrometry SIMS School of Information Management and Systems SIMS Sun Internet Mail Server SIMS Student Information Management System SIMS Steacie Institute for Molecular Sciences (National Research Council, Canada) Communications Inc. (Nasdaq:SIMSC) Wednesday announced that its MedCard Division has entered into a long-term service agreement with The Suffolk Bureau of Medical Economics (SBME SBME School of Biomedical Engineering (University of Tennessee, Memphis) SBME State Board of Medical Examiners SBME Society for Business and Management in Engineering SBME Simulation-Based Medical Education SBME Subic Bay Marine Exploratorium ) to manage its collections business. SBME is a collection agency for health-care providers established to collect overdue OVERDUE. A bill, note, bond or other contract, for the payment of money at a particular day, when not paid upon the day, is overdue. 2. The indorsement of a note or bill overdue, is equivalent to drawing a new bill payable at sight. 2 Conn. 419; 18 Pick. accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying from their medical patients. It currently has more than $13 million worth of claims in process. MedCard is the premier group for all medical insurance company billings and collections and this agreement extends their many service offerings to patient collections. This agreement immediately adds an estimated $75,000 to MedCard's monthly revenues with anticipated growth to $150,000 per month by calendar year-end. No additional funds from the company are expected to be required for the implementation of this new business venture. SIMS Communications provides electronic transaction solutions for the health-care industry. The company's products include: its MedCard System, a system that provides 100% paperless electronic data entry at the physician's office for all medical insurance billings and collections; its One Medical Service System, a cost-effective solution that gives pharmacies This article is a list of major pharmacies (also known as chemists and drugstores) by country. Australia Pharmacies in Australia are mostly independently-owned by pharmacists, often operated as franchises of retail brands offered by the three major the ability to provide a complete, one-stop shopping solution for all its customers' home medical equipment (HME HME Home Medical Equipment HME Home Media Engine (TiVo) HME Heat and Moisture Exchange HME Hierarchical Mixtures-of-Experts HME Happy Meal Ethernet (UNIX driver) HME Honeymoon Experience ) and home health-care-related service needs and to participate in managed-care contracts; and its Internet HME e-commerce sales and its Internet health-care portal, both under development, that will deliver health-care information to consumers and health-care providers and also will provide links to other Internet health-care Web sites. This 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. that are subject to risks and uncertainties, including but not limited to, the impact of competitive products and pricing, product demand and market acceptance, reliance on key strategic alliances, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. |
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