SCOTTSDALE, Ariz., Jan. 14, 2003 (PRIMEZONE) -- MedCom USA, Inc. (Pink Sheets:EMED) and Paymentech today announced the launch of a national sales program for MedCom's MedCard System and the Paymentech's Financial Services to the Healthcare Market.
Significant elements of the program include partnering to market the MedCard System to Paymentech's existing healthcare industry customer base, and training the sales force to market the MedCom System. Paymentech currently has financial services in a large number of Hospitals and Medical Providers nationwide who would all benefit from the combined services.
"Offering the integrated services of Paymentech and MedCom on the MedCard terminal to our Healthcare customers will provide an extraordinary package of comprehensive healthcare/financial services which will reduce overhead and expedite the reimbursement of payments from insurance companies while decreasing outstanding debt," stated Mr. Kerry Kodatt Paymentech's Group Executive of Corporate Alliances.
"The partnering of MedCom and Paymentech to market this comprehensive package of products and services to physicians, clinics and hospitals creates major benefits for the Medical Providers," stated Mr. Bruce Weitzberg, MedCard's Vice President of Sales. Products and services offered will include the following, all on MedCard's desktop point of service terminal:
Medical Eligibility & Benefit Verification
Electronic Referrals for HMO Plans
Encounter Data Capture
100% Paperless Medical Claims Processing
Credit Card and Debit Card Processing for Payment of Patients'
Deductibles and Co-Payments
Patient Easy Pay, which allows for signature on file allowing
patients to pay for healthcare services over time
Check Conversion & Guarantee
About Paymentech
Founded in 1985, Dallas-based Paymentech is North America's premier processor and acquirer of electronic payment transactions. Paymentech delivers secure and reliable payment services in merchant acquiring and point-of-sale transaction processing, with a wide array of product functionality and support. Paymentech processed approximately 3.7 billion total transactions and $114 billion in bankcard sales volume in 2001.
About MedCard USA Inc.
MedCom USA, Inc. provides innovative solutions for electronically processing transactions within the healthcare industry. The Company's healthcare business unit: MedCard, a service package for physicians, clinics and hospitals includes the following services: Patient Eligibility, Paperless Claims Processing, Electronic referrals, patient Easy Pay, Credit/Debit Cards and Check Guarantee. MedCom's Internet address is www.medcard.com.
This release contains forward-looking statements that are subject to risks and uncertainties, including but not limited to the impact of competitive products and pricing, product demand and market acceptance, reliance on key strategic alliances, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.