Business Editors
ATLANTA--(BUSINESS WIRE)--Aug. 9, 2000
CEO of a Leading e-Healthcare Company Discusses MedCenterDirect's Cost
Management Solutions, Partnerships with New Enterprise Associates
and HP, and the State of the Healthcare Industry
MedCenterDirect.com
Accessible through Bloomberg terminals under the company's proposed Nasdaq ticker symbol MCDC, White discusses the company's vision for cost-management in the healthcare industry, recent funding from leading venture capital firm New Enterprise Associates, MCD's technology and services relationship with Hewlett-Packard Company and the company's approach to building its organization.
MCD has currently deployed its integrated cost management solution to over 700 HEALTHSOUTH and National Association of Community Health Centers (NACHC) facilities throughout the United States. By end of year 2000, MCD cost management solutions will power approximately 2,000 healthcare facilities in all 50 states. Collectively the MCD network has access to over 5,000 HEALTHSOUTH and NACHC healthcare facilities across the country.
About MedCenterDirect.com: MedCenterDirect is an e-procurement company giving healthcare providers innovative, cost-effective ways to purchase healthcare products and supplies. MedCenterDirect's fully integrated cost management platform links clinicians and administrators with suppliers in a clinically focused, efficient procurement process. By electronically streamlining purchasing and inventory control, it allows caregivers to focus on higher quality patient care and administrators to lower costs, improve inventory turns and ensure purchasing contract compliance. It also provides a new financial management tool enabling comprehensive analysis of cost per procedure by a physician, a facility, or an entire health care network. Additionally, caregivers will be able to review and evaluate products on their own schedules. Suppliers will have the chance to display new equipment and techniques and avoid costly marketing expenses.