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COMMAND CREDIT CORP. CHOSEN TO IMPLEMENT CARD DATA NETWORK; NEW MEDICAL CREDIT CARD TO REDUCE ADMINISTRATION COSTS OF HEALTHCARE NATIONWIDE

COMMAND CREDIT CORP. CHOSEN TO IMPLEMENT CARD DATA NETWORK; NEW MEDICAL CREDIT CARD TO REDUCE ADMINISTRATION COSTS OF HEALTHCARE NATIONWIDE
 ROCKVILLE CENTRE, New York, Sept. 28 /PRNewswire/ -- Command Credit Corporation (NASDAQ: CDMD) announced today an agreement to launch a national medical credit card with Health Services Credit Corporation (HSCC).
 The medical credit card, to be issued through HSCC and operated through a new Command Credit card data network, is expected to significantly reduce the cost burden connected with co-payer billing and collection system requirements. Decreased paperwork and fewer handling expenses are anticipated to significantly reduce the costs of administering health care services, benefiting patients, providers and insurers alike.
 "We are very excited to be chosen by HSCC to implement this bold new network," said William Lucas, chairman and CEO of Command Credit Corp. "It will give patients an health care providers a new 'medical express card' that will streamline all services relating to health care payments and, ultimately, help control spiraling health care costs."
 Plans are underway to implement the nation's largest, fully automated health care services network over a two-year period, with 5,000 locations scheduled to be on line by mid-1994, according to Lucas.
 HSCC conservatively estimates that Command Credit will process approximately one million medical credit cards during the first year of operations under the new network.
 Under this new system, individual health care provider operating accounts will be immediately credited with payment for services given. This benefits the industry in two ways: (1) patients will receive immediate care and treatment as health care providers will no longer be concerned over timely payments for services rendered, and (2) health care provider losses will be reduced, thus keeping overall costs down.
 Command Credit Corporation is an international financial services company, with one of the nation's largest secured card data systems. With offices in New York, Florida, Great Britain and Holland, the company was founded to market VISA cards and MasterCards to people with poor or no credit ratings. California-based HSCC is a consortium of financial entities that has already made significant financial commitments to the project.
 -0- 9/28/92
 /CONTACT: Richard Finnis of Command Credit Corp., 800-338-9199 or 516-764-1117/ CO: Command Credit Corp.; Health Services Credit Corporation ST: New York, California IN: FIN SU: PDT


JB-SS -- FL002 -- 3866 09/28/92 09:53 EDT
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Publication:PR Newswire
Date:Sep 28, 1992
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