MediFAX EDI, Inc. Acquires Assets From Datascape, Inc.Business Editors/Health & Medical Writers NASHVILLE, Tenn.--(BW HealthWire)--May 11, 2000 MediFAX(R) EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , Inc., a leading provider of healthcare e-commerce services, today announced the acquisition of the MEVS MEVS Medicaid Eligibility Verification System MEVS Mark Evans Productions MEVS Managed Enterprise Video Streaming (Medicaid Eligibility Verification Services) product and customer agreements from Datascape, Inc. in the state of Alabama. "This opportunity strengthens our position in the southeast by allowing us to broaden our provider and payer networks," said David F. Bacon, Jr., Executive Vice President and Chief Financial Officer. "Through our menu of products and services MediFAX(R)will be able to offer more functionality and value to our new and existing customers." MediFAX(R) is the largest provider of medical eligibility transactions services 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. , processing more than 65 million transactions a year for more than 100,000 healthcare providers. For more information, visit the MediFAX(R) Web site at http://www.medifax.com. Note: This News 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. " within the meaning of the federal securities laws. These forward-looking statements include assumptions, beliefs and opinions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc The Potomac Group's growth strategy based upon The Potomac Group's interpretation and analysis of healthcare industry trends, and management's ability to successfully develop, implement, market and sell its network transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services, software programs, clinical and financial transaction services, and e-commerce systems to physicians, pharmacies, hospitals and other healthcare providers. This strategy assumes that The Potomac Group will be able to successfully develop and execute its strategic relationships, especially with the providers of healthcare information systems, pharmacy chains, hospitals, and commercial and publicly funded payers. The Potomac Group expressly disclaims any intent or obligation to update any forward-looking statements. MediFAX(R)is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Potomac Group, Inc. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion