REPEAT/ HealthGate Names Tom Pyle to Board of Directors.Business/Technology Editors & Health/Medical WritersREPEATING... BURLINGTON, Mass.--(BW HealthWire)--Feb. 5, 2001 Former Harvard Community Health Plan 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. Brings more than 20 Years Expertise in Healthcare Strategy and Developmental Initiatives to HealthGate HealthGate Data Corp. (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 : HGAT), a leading provider of next generation content and health management tools to the healthcare industry, today announced that Tom Pyle has been appointed to the Company's Board of Directors. Mr. Pyle formerly served as Chief Executive Officer of Harvard Community Health Plan from 1978 to 1991, and brings nearly 30 years of experience and expertise in leading healthcare companies to peak levels of membership and profitability. During his 20-year tenure at Harvard Community Health Plan, Mr. Pyle was instrumental in leading its growth from 80,000 to 525,000 members. He initiated the Quality of Care Measurement department and established a joint venture with EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , which developed a computerized computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. ambulatory Movable; revocable; subject to change; capable of alteration. An ambulatory court was the former name of the Court of King's Bench in England. It would convene wherever the king who presided over it could be found, moving its location as the king moved. record. He also founded The Harvard Community Health Plan Foundation, which funds teaching, research and community service projects. In 1993, Mr. Pyle was commissioned by MetLife Insurance Company to develop a managed care business that could eventually absorb all of its indemnity insurance indemnity insurance Managed care A type of health insurance in which a Pt can choose the hospital and provider, and the insurer reimburses the Pt or provider for a set percentage of the cost, minus deductibles and co-payments business. The strategy he developed led to the combining of MetLife health insurance business with that of the Travelers, which created the largest healthcare company with approximately $17 billion in sales. "Joining the HealthGate Board of Directors represents an exciting opportunity to continue my work in driving change in the healthcare industry," said Tom Pyle. "Having run several large healthcare organizations and recognized the value that information plays in lowering costs and improving patient care, the HealthGate directorship seemed a natural transition. I believe that the combination of HealthGate's technology and content can facilitate the work of physicians in healing and maintaining the overall well-being of patients." "Tom's unparalleled knowledge and expertise in successfully restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). business models at several large payor organizations will make him an invaluable resource as we expand our service offerings into this market. The development of our Intelligent eContent offering can help payors provide information to both physicians and patients, and significantly reduce clinical costs," said Bill Reece, CEO of HealthGate. "Over the past quarter we have taken several steps to insure that HealthGate remains one of the leading players in the Internet healthcare sector," continued Reece. "The addition of Tom to our Board is one more step in solidifying so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. our strong position both strategically and financially. We anticipate positive cash flow in Q3 of 2001." Mr. Pyle has served as director of several private and public corporations. Presently, he is a director at Millipore Corporation For other uses, see Millipore. Millipore Corporation (NYSE: MIL) founded in 1954, listed among the S&P 500 since the early 1990s, is an international biosciences company, known widely for its micrometer pore-size filters and tests. and eMed Technologies Corporation. In addition, he is currently chairman of the Controlled Risk Insurance Co., Ltd. and the Risk Management Foundation of the Harvard Medical Institutions. Mr. Pyle has also worked with Medical Education for South African Blacks. Mr. Pyle received an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration with distinction from the Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. Graduate School of Business Administration. He has also studied at MIT MIT - Massachusetts Institute of Technology and at Wadham College in Oxford, England. Mr. Pyle replaces Chris Horgen, who resigned from the HealthGate Board of Directors. About HealthGate Data Corp. HealthGate Data Corp. is a leading provider of next generation content management, products and services for the healthcare industry. Through its CHOICE eHealth Platform, HealthGate enables hundreds of hospitals to build loyal eHealth communities with consumers and physicians. HealthGate establishes the infrastructure for integrating these constituents into Web-based e-business processes that improve efficiency and reduce costs. In addition, HealthGate provides interactive, managed content to pharmaceutical companies, healthcare insurers, employers and eHealth companies. With its activePress Publishing Services Division, HealthGate provides leading publishers with Web-enabling services that manage the complexities of converting and distributing traditional healthcare print materials via the Internet. For more information, visit HealthGate at www.healthgate.com or call 1-800-434-GATE. This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. HealthGate's actual results may differ materially from those contemplated by the 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. . These forward-looking statements reflect management's current expectations, are based on many assumptions and are subject to certain risks and uncertainties, including, among other things: risks associated with HealthGate's ability to generate sufficient revenues or reduce certain discretionary spending; HealthGate's ability to develop and implement its Intelligent eContent strategic initiative; reliance on expected continuing growth of HealthGate's Syndication See syndication format. business; the Company's ability to sell a substantial number of CHOICE Web sites; competition in the Internet-based healthcare industry; management of the Company's growth and expansion; performance of the Company's computer system; dependence on the Company's content providers; risks associated with the majority of revenue being derived from a few customers; the risk of infringement of intellectual property rights; risks associated with the Company's ability to continue to license software that is necessary for the development of products and service enhancements; and other risk factors that are described in the periodic reports and registration statements HealthGate files from time to time with the Securities and Exchange Commission. HealthGate does not intend to update or publicly release any revisions to the forward-looking statements. HealthGate(R), CHOICE(R), activePress(TM) and the HealthGate logo are trademarks and/or registered trademarks of HealthGate Data Corp. All other trademarks and registered trademarks are the properties of their respective owners. |
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