Cybear to Link 3,000 California Physicians Through the Internet

Business Wire,  Sept 9, 1999  

• E-mail
• Print
• Link

BOCA RATON, Fla. & GLENDALE, Calif.--(BW HealthWire)--Sept. 9, 1999--

Cybear, Inc. (Nasdaq:CYBA), the Internet-based portal and provider of healthcare communications and applications, and Oracle Management Services, Inc. today announced they have entered into an agreement for Cybear to become the communications solution provider to 3,000 Oracle-affiliated practicing physicians located in California. Oracle is the parent company of Thrifty Health Care, a leading Management Services Organization (MSO) in California.

Using its Internet product designed for physicians, Cybear provides an intranet or private network which connects Oracle providers to a Cybear-Oracle co-branded home page and delivers a set of office, clinical practice, and administrative tools and applications to help physicians in their practice. Cybear also provides email capabilities as well as Internet access. Cybear's private network will be accessible to an initial group of Oracle physicians associated with Preferred IPA in September.

"Cybear's secure network allows the Internet to play a critical role in connecting our healthcare providers for credentialing, information sharing, moving clinical information and taking advantage of many e-commerce initiatives," said Hamid Tab, president and chief executive officer of Oracle Management Services.

Ed Goldman, M.D., president and chief executive officer of Cybear, said, "We are happy to add Oracle to our community of physicians who are using Cybear to provide online communication and practice management tools. Oracle chose Cybear knowing full well the other options that currently exist."

Cybear, Inc., headquartered in Boca Raton, Fla., is an information technology company using the Internet to improve the efficiency of administrative and communications tasks of managing patient care. Cybear provides access to the Internet and the Cybear product line through its own Internet service provider (ISP) system, delivering productivity applications to physicians, physician organizations, pharmacies, and hospitals and health information to consumers - while addressing the healthcare industry's critical need for secure and reliable transmission of information. Subscriptions to the company's product designed for physicians are available online at www.cybear.com or by calling 877.999.3001. Access is free to a variety of consumer health news and information on diseases and wellness to help the entire family manage its health at www.cybear.com.

Oracle Management Services, Inc., a privately held company, owns Thrifty Health Care, an MSO based in Glendale, California. Oracle provides business management services to physicians who are located throughout California. Its largest Independent Physicians Association affiliate is Preferred IPA, which has 3,000 physician members in Southern California and 50,000 covered lives. Oracle is also affiliated with an additional 100,000 lives through other organizations. Also, Oracle has formed relationships through its affiliates with emergency room management in nearly 7,000 hospitals nationwide.

Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including these risks and uncertainties detailed in Cybear's filings with the Securities and Exchange Commission.

COPYRIGHT 1999 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning