REPEAT/ HealthGate Names Tom Pyle to Board of Directors.
BURLINGTON, Mass.--(BW HealthWire)--Feb. 5, 2001
Former Harvard Community Health Plan CEO Brings more than
20 Years Expertise in Healthcare Strategy and Developmental
Initiatives to HealthGate
HealthGate Data Corp. (NASDAQ: 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, which developed a computerized ambulatory 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 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 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 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 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 with distinction from the Harvard University Graduate School of Business Administration. He has also studied at MIT 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 of 1995. HealthGate's actual results may differ materially from those contemplated by the forward-looking statements. 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 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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|Date:||Feb 5, 2001|
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