Business Editors/Health & Medical Writers
ST. LOUIS, Mo. and CINCINNATI, Ohio--(BUSINESS WIRE)-- June 22, 2000
Express Scripts, Inc. (Nasdaq: ESRX) and PocketScript, Inc., today announced an agreement to bring PocketScript's wireless, handheld e-prescribing system to more than 15,000 Express Scripts' physicians. Under the agreement, Express Scripts will provide PocketScript's device, which includes formulary information and potential drug interactions, to approximately 15,000 physicians at the point of care.
PocketScript(TM) is the first e-prescribing system with a speech-driven interface and a touch-screen technology to generate prescriptions. Additionally, PocketScript is the first e-prescribing system to feature high-speed Internet access and streaming video/audio to doctors' PDA (Personal Digital Assistant).
"The time is right for electronic prescribing to become the primary method for generating a prescription," said Barrett Toan, chief executive officer for Express Scripts. "The technology is robust, relatively inexpensive and able to easily fit into a physician's work flow. Electronic prescribing supports improved delivery of health for patients by eliminating drug misadventures associated with a hand written prescription."
"Fitting into the physician's office routine is the key to physician adoption of handheld electronic prescribing systems," continued Toan. "PocketScript's development of voice recognition software will enhance the physicians' ability to prescribe pharmaceuticals efficiently, without interrupting the workflow. Our relationship with PocketScript is an important part of Express Scripts' strategy to connect electronically to a significant portion of the physicians nationwide who write the majority of prescriptions for our 38.5 million members."
"Signing with Express Scripts is an endorsement of PocketScript's technology - the ability to command the system by simply talking to it," said Stephen S. Burns, CEO and co-founder of PocketScript. "This is a breakthrough in the way physicians will prescribe pharmaceuticals and it enhances opportunities to interact with their patients."
Express Scripts continues to support the rapid acceptance of electronic prescribing technology by announcing its new relationship with PocketScript. As part of the agreement, Express Scripts will provide fee-based financial compensation, marketing support and clinical assistance to PocketScript.
How PocketScript Works
PocketScript has created a highly efficient method to write electronic prescriptions with only a few touches of the screen, which has now been enhanced by the use of speech-driven technology. In less than one second, a speech command is compressed and sent via high-speed wireless transmission to an on-site computer server. Once there, the speech command is decompressed, recognized, re-compressed and instantly returned wirelessly to the handheld computer for visual confirmation by the physician.
PocketScript's proprietary compression technology enables large packets of information to be sent securely over a wireless connection. For example, physicians can access their patient records in a single second and instantly select the specific information necessary to generate a prescription for a patient in seconds. Additionally, the compression technology currently allows physicians to write 350 prescriptions a day, without recharging the battery.
The device operates on the Microsoft CE or Pocket PC operating system. PocketScript software is currently being offered for the Hewlett-Packard Jornada, the NEC Mobilepro, and the Compaq Ipaq Pocket PC. The PocketScript SDI has up to a 10-hour battery life, which enables the system to be used by the physician at the point of care for charge capture, transcription, obtaining lab results, sending and receiving e-mail and accessing the wealth of clinical information available at high speed on the Internet.
About PocketScript
PocketScript, Inc., a private company, develops software applications for wireless, handheld devices to improve physician efficiency and workflow. Using PocketScript, physicians can electronically write and transmit prescriptions; receive formulary and drug interaction information; access education and compliance services; and connect wirelessly to the Internet. The company was incorporated in 1999. PocketScript is headquartered in Mason, Ohio, a suburb of Cincinnati.
About Express Scripts
Express Scripts is the nation's largest independent full-service pharmacy benefits manager (PBM). Express Scripts provides fully integrated PBM services; mail-order pharmacy services; benefit design consultation; disease management; medical and drug data analysis services; medical information management services, including provider profiling and outcome assessments, through its subsidiary, Practice Patterns Science, Inc.; and informed decision counseling services through the Express Health Line(SM) division. The company also provides non-PBM services, including infusion therapy, through its subsidiary, Express Scripts Infusion Services and distribution services through its subsidiary, Express Scripts Specialty Distribution Services, Inc. Express Scripts is headquartered in St. Louis, Missouri. More information about the company can be found at http://www.express-scripts.com.
Express Scripts Safe Harbor Statement
This press release contains forward-looking statements, including, but not limited to, statements related to the Company's plans, objectives, expectations (financial and otherwise) or intentions. Actual results may differ significantly from those projected or suggested in any forward-looking statements. Factors that may impact these forward-looking statements are discussed in detail in our filings with the Securities and Exchange Commission, including but not limited to our Annual Report on Form 10-K for the year ended December 31, 1999. The company does not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE: PocketScript Inc.