MedcomSoft Signs Agreement with TriZetto Group of California.Business Editors TORONTO--(BUSINESS WIRE)--June 4, 2001 The Leading U.S. Healthcare U.S. Healthcare is a now-defunct healthcare company. The logo had an apple. The merger with Aetna In 1996, the company merged with Aetna, calling it Aetna U.S. Healthcare. The U.S. Healthcare apple logo was next to the Aetna name, and U.S. Healthcare under it. U.S. ASP Provider Will Expand the Distribution and Market Penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" of MedcomSoft(TM) in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. MedcomSoft Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MSF MSF Manufacturing, Science, and Finance (Union) .) announced today that MedcomSoft(TM) has signed an agreement with The TriZetto(R) Group, Inc. of California (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TZIX) to market and sell its advanced electronic medical record (EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. ) software, MedcomSoft EPMR EPMR External Programme and Management Review EPMR Embarked Personnel Material Report EPMR Echo Planar Magnetic Resonance (TM). TriZetto is an information technology and services company focused on the healthcare industry. TriZetto hosts and licenses software and provides e-business platforms, serving customers with more than 90 million enrollees, or approximately 40 percent of the insured population in the U.S. TriZetto's application service provider (ASP) unit hosts a broad selection of applications for a predictable monthly fee. "TriZetto is excited to have MedcomSoft as a partner," stated William Schultz, TriZetto's Senior Vice President of Provider Services. "Among physicians, demand for EMR applications via our ASP delivery model is growing. EPMR is a premier product that will help us meet that demand." "This agreement is a major milestone in our US market penetration strategy. TriZetto's dominant presence in the U.S. healthcare market provides our product with immediate exposure to a substantial customer base. Their nationwide presence and distribution model provides an ideal vehicle for the distribution of MedcomSoft EPMR(TM)," said William Cornelius, MedcomSoft's U.S. Vice President for Sales and Marketing. "Delivery of MedcomSoft EPMR(TM) through TriZetto's ASP network allows physician's easy access to MedcomSoft(TM) products anywhere at any time, while minimizing the Physician's investment in computer hardware. From the beginning, our software has been built with this goal in mind," added Cornelius. Commercial terms for this contract have not been released for competitive reasons. The TriZetto Group, Inc., headquartered in Newport Beach, California Newport Harbor redirects here. For the MTV reality series, see . Newport Beach, incorporated in 1906, is a city in Orange County, California, 10 miles south of downtown Santa Ana. , has offices throughout the United States. They can be reached at (949) 719-2200, www.trizetto.com. MedcomSoft(TM) has offices in Saratoga Springs Saratoga Springs, resort and residential city (1990 pop. 25,001), Saratoga co., E N.Y.; inc. as a village 1826, as a city 1915. Skidmore College is the largest source of employment, but the city also has light manufacturing. , N.Y., Buffalo N.Y., Sydney, Australia and Toronto, Canada. MedcomSoft Inc. is a healthcare efficiency company pioneering the use of Intelligent Data Entry Systems, the Internet and wireless technology to improve the collection and dissemination of healthcare information, simplify workflow, improve the delivery and quality of patient care, and decrease costs throughout the healthcare industry. The MedcomSoft(TM) platform was developed to facilitate business transactions and the exchange of clinical information between the different players in the healthcare industry, which include: providers, patients, suppliers, insurers and payers. By leveraging the Internet and wireless infrastructure, MedcomSoft(TM) is capable of rapidly deploying unique Virtual Healthcare Information Networks (VHINs) that will support the capture, the aggregation and the secure communication of Multimedia Electronic Patient Records. This news release contains projections and other forward-looking statements regarding future events. Such statements are predictions, which involve known and unknown risks, uncertainties and other factors, which may cause the actual events or results to differ materially. The reader is referred to the documents that MedcomSoft(TM) files from time to time with applicable Canadian securities and regulatory authorities |
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