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HealthRamp and drugstore.com, inc. Announce RxPricePoint Alliance
Online Drug Store Becomes the First Participating Pharmacy in HealthRamp's
Competitive Drug Pricing Program
NEW YORK, Dec. 11 /PRNewswire-FirstCall/ -- Medix Resources, Inc. and
drugstore.com, inc. today announced that the drugstore.com(TM) pharmacy will be
participating in HealthRamp's RxPricePoint program, which is delivered via
HealthRamp's CarePoint technologies at the point of prescribing on a handheld
device. HealthRamp CarePoint's patent pending RxPricePoint technology will
enable pricing data to be gathered from pharmacies nationwide to provide
physicians with the lowest cost pharmacy option for a given patient at the point
of care. Medix, through its wholly-owned HealthRamp subsidiary, markets the
CarePoint suite of technologies.
RxPricePoint lets physicians show their patients the pharmacy, mail order or
retail, where they can locate the lowest-priced drugs for their prescription.
Physicians will also be able to inform their patients of the pharmacy with the
best price for fulfilling any portfolio of prescriptions. Pharmacies
participating in the program will pay HealthRamp a transaction fee for every
prescription filled through RxPricePoint. Patients will be able to utilize the
HealthRamp website to search for the lowest-cost drugs in their area, enabling
them to proactively deliver this information to their physicians. Further
information about RxPricePoint will be available on HealthRamp's website, at
http://www.healthramp.com/rxpricepoint , and it is expected that RxPricePoint
will be made available by the end of the first quarter of 2004.
"drugstore.com's commitment to providing our customers with the most
comprehensive and competitively priced prescriptions on the Internet is greatly
enhanced by this new alliance with HealthRamp," stated Jeff Kimmell, vice
president, pharmacy, of drugstore.com, inc. "drugstore.com(TM) customers pay up
to 30 percent less for top-quality generic and brand-name prescription drugs,
compared to brick-and-mortar pharmacy prices. As a member of the RxPricePoint
program, we expect to expand our reach and continue to drive down prices on
behalf of consumers."
"drugstore.com's early participation in the RxPricePoint program provides us
with enormous momentum as we seek the participation of other pharmacies," stated
Medix Chairman and CEO, Darryl Cohen. "The ability to drive down costs, while
still delivering a safe and closely regulated product, is a clear mandate from
customers."
"While Canadian pharmacies have proliferated, the combination of high quality
and low cost pricing has been difficult to achieve in the U.S.," continued
Cohen. "By participating in RxPricePoint, we believe that U.S. pharmacies will
increase their customer bases through competitive pricing and service.
Furthermore, RxPricePoint insures the process falls under the guidance of the
patient's own physician."
drugstore.com, inc. (NASDAQ:DSCM) is "Your Health & Beauty Superstore" and the
leading online health, beauty, wellness, personal care, and pharmacy solution in
the world. The drugstore.com(TM) online store provides a convenient, private,
and informative shopping experience that encourages consumers to purchase
products essential to healthy, everyday living. The online store offers
thousands of brand-name personal health care products at competitive prices; a
full-service, licensed retail pharmacy; and a wealth of health-related
information, buying guides, and other tools designed to help consumers make
informed purchasing decisions. Consumers can personalize their shopping
experiences with shopping lists, e-mail reminders for replenishing regularly
used products, and private e-mail access to pharmacists and beauty experts for
questions. drugstore.com, inc. has been awarded the Verified Internet Pharmacy
Practice Sites (VIPPS) certification by the National Association of Boards of
Pharmacy (NABP) as a fully licensed facility exercising competent, safe pharmacy
practices in compliance with federal and state laws and regulations.
Medix, through its wholly owned HealthRamp subsidiary, markets the CarePoint
suite of technologies. CarePoint enables electronic prescribing, lab orders and
results, Internet-based communication, data integration, and transaction
processing over a handheld device or browser, at the point-of-care. The
combination of these technologies is designed to provide access to safer and
better healthcare. Medix's products enable communication of high value-added
healthcare information among physician offices, pharmacies, hospitals, pharmacy
benefit managers, health management organizations, pharmaceutical companies and
health insurance companies. Additional information about HealthRamp, and its
products and services, can be found at http://www.healthramp.com/ .
Safe Harbor Statement: To the extent that any statements made in this press
release contain information that is not historical, these statements are
essentially forward-looking. Forward-looking statements can be identified by
the use of words such as "expects," "plans," "will," "may," "anticipates,"
"believes," "should," "intends," "estimates," and other words of similar
meaning. These statements are subject to risks and uncertainties that cannot be
predicted or quantified and, consequently, actual results may differ materially
from those expressed or implied by such forward-looking statements. Such risks
and uncertainties include, without limitation, the ability of Medix to raise
capital to finance the development of its Internet services and related
software, the effectiveness, profitability and the marketability of those
services, the ability of the Company to protect its proprietary information and
to retain and expand its user base, the establishment of an efficient corporate
operating structure as the Company grows and, other risks detailed from
time-to-time in our filings with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly update any forward-looking
statements.
DATASOURCE: Medix Resources, Inc.; drugstore.com, inc.
CONTACT: investors, Andrew Brown, +1-212-697-2509, or media, Robin
Schoen, +1-215-504-2122, both of Medix Resources, Inc.
Web site: http://www.healthramp.com/rxpricepoint
Web site: http://www.healthramp.com/