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MEDPLUS CORP. AND AMERICAN GENERAL FINANCE REACH AGREEMENT TO PROVIDE REVOLVING CHARGE CARD TO HEALTHCARE CONSUMERS

 COLORADO SPRINGS, Colo., Sept. 23 /PRNewswire/ -- MEDPLUS CORP. announced today that it has entered into an agreement with American General Finance Inc. to finance its Patient Plus(R) revolving charge card to consumers of healthcare services. This private label credit card will be processed through American General's new AMERICHARGE Program. Effective immediately, the agreement involves an initial introductory phase of a nationwide program expected to be completed by Jan. 1, 1994. MEDPLUS President, Mark A. Snyder, stated "MEDPLUS views this business relationship as an exciting opportunity to meet the financial needs of healthcare providers and their patients." Snyder also stated, "This partnership between MEDPLUS CORP. and American General Finance will have an impact on a very important segment of the healthcare market which is the self-pay portion of healthcare expenditures." MEDPLUS CORP. markets its Patient Plus revolving charge card, and other products to the healthcare community through a network of strategic alliance partners. The company's Patient Plus Program generates non-recourse cash advanced funding to healthcare providers while offering consumers of healthcare services convenient and manageable financing programs.
 American General Finance Inc. and its subsidiaries are engaged in the consumer finance and related credit insurance businesses and are headquartered in Evansville, Ind. The company is a subsidiary of American General Corp., one of the nation's largest consumer financial services organizations. Headquartered in Houston, it is a leading provider of retirement annuities, consumer loans, and life insurance. MEDPLUS CORP. is a healthcare financial management company headquartered in Colorado Springs with a field office in Las Vegas. For more information, contact Robert T. Ryman, vice president of Finance, MEDPLUS CORP., 719-575-0044.
 -0- 9/24/93
 /CONTACT: Robert T. Ryman, 719-575-0044/


CO: MEDPLUS CORP.; American General Finance Inc. ST: Colorado; Indiana IN: HEA SU:

LM-MF -- LA025 -- 0582 09/23/93 17:56 EDT
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Publication:PR Newswire
Date:Sep 23, 1993
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