AXOLOTL CORP. LAUNCHES LOW COST INTERNET TRANSCRIPTION SERVICE THROUGH
ITS ELYSIUM PRODUCT LINE
Axolotl and Global MedData, Inc., team up to deliver 40% savings to
physicians offices
TAMPA, FL, April 09, 2001 -- Axolotl Corporation, a leading
provider of Web-based applications that connect physicians to the entire
healthcare continuum announced a partnership with Global MedData, Inc, an
emerging player in on-line transcription services.
Under the terms of the agreement Axolotl is now offering Global MedData's
transcription service through its Elysium Physician Office Portal, to over
54,000 medical professionals in Axolotl's network. Physicians are able to
securely upload voice dictation files to the Internet and receive the
resulting transcribed document in electronic form through Axolotl's
acclaimed Elysium products. Transcriptions may be edited and signed on-line.
The potential to save up to 40% on current transcription costs is expected
to further boost the use of Axolotl's clinical and administrative
applications as well as its high-speed satellite Internet connectivity.
"We are very pleased to partner with Global MedData who have
demonstrated high quality at an effective price. Our new transcription
services, coupled with our clinical messaging and practice management
applications, will make Elysium indispensable for today's practices."
stated Ray Scott, Axolotl's Chief Technology Officer. "This partnership
consolidates our integration efforts, significantly lowers cost and improves
office efficiency for our customers, while Elysium's Web delivery makes it
easy for them to review and manage transcribed data, anywhere,
anytime."
"Our first customers are already benefiting from this
partnership," said Dr. Patel, CEO of Global MedData, Inc. "In our
experience physicians can realize cost savings of 40% with our attractively
priced offering, and many see Elysium as their first practical step into the
world of Electronic Patient Charts, increasing efficiency for the practice.
Axolotl's large installed base presents a great opportunity for this new
service."
About Axolotl Corporation
Axolotl uses advanced communications technology to connect physicians to the
entire healthcare continuum. The company provides physicians and their
staffs with integrated clinical and administrative applications and patient
education programs to streamline workflow, increase efficiency, and improve
the quality of care. Thousands of healthcare professionals nationwide use
the Elysium suite of Web based applications to reduce costs and increase the
time they have available for treating patients. Through a strategic
agreement with Gilat, Axolotl has the exclusive right to distribute its
two-way broadband satellite in the healthcare market, providing high-speed,
always-on Internet access to physician practices everywhere in the USA.
Axolotl's AccentHealth Waiting Room Television Network, produced in
conjunction with CNN, delivers award-winning patient education material to
approximately 18 million visitors each month. For more information, visit www.axolotl.com.
About Global
MedData, Inc.
Global MedData, Inc. is a leading provider of Internet based medical
transcription and digital data management to the healthcare market. The
company provides the medical community with secured, high quality,
economical, convenient and efficient on-line service that is accessible at
any time of the day and from any location (24 hours / 7 days a week). The
universal but secured access to patient transcriptions in conjunction with
the timely and accurate customized reports, enables the physicians to
provide better patient care, reduce their administrative costs and expedite
the billing and reimbursement process. For more information, visit www.globalmeddata.net.
Statements in this press release concerning the Company's business
outlook or future economic performance, anticipated profitability, revenues,
expenses or other financial items, and service offering growth, together
with other statements that are not historical facts, are "forward-looking
statements" as that term is defined under the Federal Securities Laws. Any
forward-looking statements are estimates, reflecting the best judgment of the party making
such statements based upon currently available information and involve a number of risks,
uncertainties and other factors which could cause actual results to differ materially from
those stated in such statements.
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