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PHYSICIAN COMPUTER NETWORK ANNOUNCES AGREEMENT WITH CYDATA, AN ELECTRONIC MEDIAL CLAIMS CLEARING HOUSE

PHYSICIAN COMPUTER NETWORK ANNOUNCES AGREEMENT WITH CYDATA, AN ELECTRONIC
    MEDIAL CLAIMS CLEARING HOUSE
    LAURENCE HARBOR, N.J., Sept. 30 /PRNewswire/ -- Physician Computer Network, Inc. (NASDAQ: PCNI) announced today it has entered into a five- year agreement with CyData, Inc. a wholly owned subsidiary of CyCare Systems Inc. (NYSE: CYS), for provision of electronic claims clearing house services for PCN's Physician Members.  The company expects that the majority of its Physician Members will utilize this new medical claims processing service.
    Electronic claims processing has long been recognized as a means by which health care administrative costs can be reduced.  CyData is the nation's largest independent claims clearing house, electronically processing 2.6 million physician claims each month.  CyData's services electronically transmit physician medical insurance claims directly to the appropriate insurance carrier, providing for a more rapid reimbursement for physicians.
    Commenting on the agreement, Jerry Brager, PCN chairman and CEO said:  "The CyData claims clearing house service will allow our Physician Members the ability to submit electronic claims to more than 1,200 commercial insurance carriers, health maintenance organizations and Medicare and Medicaid fiscal intermediaries, thus reducing their administrative burden and improving the physicians' cash flow.  It is yet another important link in the PCN network of services."
    Terms of the agreement were not disclosed.  PCN plans to introduce this new service to its Physician Members during the fourth quarter of this year.
    PCN operates a national, interactive, two-way and verifiable electronic communications network linking its office-based Physician Members to healthcare organizations, such as hospitals, clinical laboratories, Medicare, insurance carriers, pharmaceutical manufacturers and others.
    -0-             09/30/92
    CONTACT:  Ronald Bernier, president or John de Elorza, vice chairman, of Physician Computer Network, 908-290-7711, or Kathy Liebmann of Gavin Anderson & Co., 212-921-1060, for Physician Computer Network
    (PCNI CYS) CO:  PHYSICIAN COMPUTER NETWORK; CYCARE SYSTEMS INC. IN:  HEA ST:  NJ -- NY020 -- X321  09/30/92
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Publication:PR Newswire
Date:Sep 30, 1992
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