SIMS Communications' MedCard Division Expected To Increase Revenue An Additional $1.1 Million Annually, Anticipating $1.8 Million/Year By December 1999.IRVINE, Calif.--(BUSINESS WIRE)--May 13, 1999-- SIMS SIMS Secondary Ion Mass Spectrometry SIMS School of Information Management and Systems SIMS Sun Internet Mail Server SIMS Student Information Management System SIMS Steacie Institute for Molecular Sciences (National Research Council, Canada) Communications Inc. (Nasdaq: SIMSC) Thursday announced that since its last news release announcing that its MedCard Division had entered into a long-term service agreement with The Suffolk Bureau of Medical Economics (SBME SBME School of Biomedical Engineering (University of Tennessee, Memphis) SBME State Board of Medical Examiners SBME Society for Business and Management in Engineering SBME Simulation-Based Medical Education SBME Subic Bay Marine Exploratorium ) to manage its collections business, SBME has increased its claims-in-process to more than $21 million. SBME is a collection agency for doctors and other healthcare providers, established to collect overdue OVERDUE. A bill, note, bond or other contract, for the payment of money at a particular day, when not paid upon the day, is overdue. 2. The indorsement of a note or bill overdue, is equivalent to drawing a new bill payable at sight. 2 Conn. 419; 18 Pick. accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . MedCard is the premiere group for all-medical insurance company billings and collections and this agreement extends their many services to patient collections. SIMS Communications provides electronic transaction solutions for the healthcare industry. The company's products include: its MedCard System, a system that provides a 100% Paperless Electronic Data Entry at the physician's office for all their medical insurance billings and collections; its One Medical Service System, a cost-effective solution that gives pharmacies the ability to provide a complete, One-Stop shopping solution for all its customers' home medical equipment (HME HME Home Medical Equipment HME Home Media Engine (TiVo) HME Heat and Moisture Exchange HME Hierarchical Mixtures-of-Experts HME Happy Meal Ethernet (UNIX driver) HME Honeymoon Experience ) and home healthcare related service needs, as well as to participate in managed care contracts; its Internet HME e-commerce sales and Internet healthcare portal, both under development, will deliver healthcare information to consumers and healthcare providers, and also provide links to other Internet healthcare Web sites. This 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. that are subject to risks and uncertainties, including but not limited to, the impact of competitive products and pricing, product demand and market acceptance, reliance on key strategic alliances, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion