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All Press Releases for December 22, 2002 Subscribe to this News Feed    
 

PARTNERSHIPS BRING VALUE TO ELECTRONIC PRESCRIPTION PROVIDER

RxNT Finalizes Three Partnerships to Strengthen Product

PASADENA, MD., Dec. 17, 2002 -- RxNT takes fundamental steps toward physician, pharmacy, patient and healthcare plan integration.

Networking Technology, Inc., one of the nations leading electronic prescription providers, today announced several partnership agreements that bring strong incentives for physicians and pharmacies to adopt electronic prescribing technology. New strategic partners Express Scripts, Medco Health Solutions, and RxHub LLC bring value to Networking Technologys electronic prescription product RxNT by providing physicians access to relevant clinical information at the point of care and enhancing communication between physician offices, pharmacies and pharmacy benefit providers.

The addition of these partners assists Networking Technology in delivering physicians and pharmacies with real-time patient-specific information. Formularies, medication histories, and notification of potential drug interactions at the point of care will ensure that physicians and pharmacies have the relevant information they need to treat patients safely and cost-effectively" stated Randy Boldyga, President/CEO of Networking Technology, Inc. Were excited about these new partnerships and the value each brings to our product, RxNT. Weve been waiting for this day ... we can offer physicians real-time patient medication history, accurate formularies and electronic communication with the pharmacy. These are valuable tools for physicians and pharmacies."

RxNT will connect with Medco Health Solutions and Express Scripts through RxHub LLC, an electronic data-exchange that enables physicians who use electronic prescribing technology to link to pharmacies, pharmacy benefit managers (PBMs) and health plans.


RxNTs newest strategic partners include:


·   Express Scripts, Inc. is one of the largest pharmacy benefit management (PBM) companies in North America providing PBM services to millions of members through facilities in eight states and Canada. Express Scripts serves thousands of clients, including managed care organizations, insurance carriers, third-party administrators, employers and union sponsored benefit plans. Express Scripts is headquartered in St. Louis, Missouri.

·   Medco Health Solutions, Inc. is the nation's leading provider of prescription healthcare services based on the $29 billion in drug spend the company managed for its clients in 2001. Formerly known as Merck-Medco Managed Care, L.L.C., Medco Health is a wholly owned and independently managed subsidiary of Merck & Co., Inc., and assists its clients to moderate the cost and enhance the quality of prescription drug benefits provided to 65 million Americans nationwide. Medco Health Solutions is headquartered in Franklin Lakes, New Jersey.

·   RxHub LLC is a health care technology company that has developed an electronic information exchange supporting the entire process of prescription writing and fulfillment. RxHub's mission is to connect prescribers, pharmacies and PBMs (pharmacy benefit managers) in a universal electronic information network for the purpose of sharing drug history, pharmacy benefit and prescription information while at the same time protecting patient privacy. The goal of this network is increasing efficiency, reducing costs and improving patient medication safety.

Networking Technology is a national electronic prescription provider located in Pasadena, Maryland. Our product RxNT can be found on the internet at www.RxNT.com . For more information about group membership agreements, our product or Networking Technology, please call (410) 255-7600.


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Randy Boldyga
Networking Technology, Inc.
410-255-7600
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