ProMedex Taps Jim Jones As CFO.

RALEIGH, N.C.--(BW HealthWire)--July 6, 1998--ProMedex, a leading provider of population-based disease management programs for the managed care industry, today named Jim Jones as Chief Financial Officer and Vice President of Finance. Jones brings 18 years of diverse financial management experience to ProMedex, having most recently served as Senior Vice President and Chief Financial Officer for Hayes Corporation, an Atlanta-based $250 million publicly-held international communications products company, and Vice President of Finance for Genicom Corporation, a $300 million computer printer and services company.

"ProMedex is ideally poised to provide the type of disease management programs that managed care must have to control healthcare costs and improve health outcomes," says Pieter Muntendam, MD, President of ProMedex. "Therefore we made the strategic decision to bring in a CFO/VP of Finance who can help manage the company's continued rapid growth, and prepare us for subsequent private and public investment."

Jones, who has managed both private and public companies and has taken a number of companies public, expects ProMedex to grow rapidly based on the strength of its managed care services, technologies, and senior management team. "The holy grail in the healthcare industry is to improve the quality of care while simultaneously lowering costs," says Jones. "Because of its sound medical expertise and innovative use of technologies, ProMedex is in a position to deliver on this long-awaited promise - to help managed care transition from managing cost to managing care."

At Hayes, Jones was involved in the repositioning of the business to focus on high growth emerging technologies. During his tenure, the company completed a number of acquisitions, raised significant capital in the private markets, and became a publicly traded company on NASDAQ. During his tenure at Genicom, Jones saw the company more than double its revenues to more than $300 million, execute several acquisitions, and conduct its initial public offering.

ProMedex contracts with managed care organizations and large employers nationwide to provide low-cost, high-impact population-based disease management services with its netCare(TM) system. Using a 24-hour, speaker independent, computer voice recognition system that conducts near-conversation-quality telephone interviews, or surveys completed via the World Wide Web, netCare gathers self-reported information on each individual's health condition. Combining this information with claims data, netCare risk-stratifies individuals according to the severity of their condition. netCare then intervenes with tailored health education, and steers the individualized application of healthcare resources to reduce utilization, improve health outcomes, and lower the cost of diseases including gastrointestinal disease, asthma, at-risk pregnancy, osteoarthritis, headache, cardiovascular disease, and allergy. More than 16,000 individuals have completed a tailored netCare profile in 1998.

    CONTACT: Brodeur Porter Novelli
              Bradd Pavur
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