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HBO/HAS SIGN LETTER OF INTENT

 HBO/HAS SIGN LETTER OF INTENT
 ATLANTA, June 29 /PRNewswire/ -- HBO & Company (NASDAQ: HBOC), a


leading provider of healthcare information systems and services, announced today that it has signed a letter of intent to form a joint venture with Healthcare Affiliated Services Inc. (HAS), a wholly owned subsidiary of Blue Cross of Western Pennsylvania (BCWP).
 The proposed partnership would enable HBO and HAS to jointly offer BCWP member hospitals several new information systems (IS) products and services.
 Specifically, the joint venture would call for:
 -- Joint marketing of products and services to provide current HAS customers with multiple system options;
 -- Joint development of new products and services using the healthcare and systems expertise of both organizations;
 -- The introduction of HBO's UNIX-based HIS as an alternative for current HAS customers now using FUSION(TM), a patient care and patient accounting IS, which is being discontinued by HAS.
 HBO President and CEO Charles McCall said, "A partnership with HAS could move HBO into new territories and position us to introduce many innovative services to the marketplace."
 Stewart B. Gold, HAS president, added, "A joint venture with HBO, with whom we've shared a relationship for two decades, could create an opportunity to introduce exciting new services not currently offered by any HIS vendor in the marketplace today."
 HBO & Company delivers a wide range of patient care, clinical and financial products, as well as networking technologies, facilities management and other services to healthcare organizations in the United States, United Kingdom and Canada.
 -0- 6/29/92
 /CONTACT: Jeanne Bateman, investor relations, of HBO & Co., 404-393-6577/
 (HBOC) CO: HBO & Company; Healthcare Affiliated Services Inc. ST: Georgia, Pennsylvania IN: HEA SU:


EA-BN -- AT023 -- 4897 06/29/92 16:50 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 29, 1992
Words:283
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