Business News

Wolfson’s HealthTransaction Network(R) Signs Four New Hospital Systems

2008-08-13 11:28:00

                           Health Network Growing

    BUFFALO, N.Y., Aug. 13 /EMWNews/ -- HealthTransaction Network(R)

continues to build its innovative national, electronic healthcare network

and has announced the participation of several new hospital systems and

other healthcare providers.


    Niagara Falls Memorial Medical Center, Medina Memorial Health Care

System, and MedFirst Urgent Care have signed long term agreements to

participate in the Network. In addition, five independent physicians groups

have agreed to join the Network and Bertrand Chaffee Hospital has made a

verbal commitment to participate. Paul DeSantis, Bertrand Chaffee CEO,

said, "signing the agreement at this point in time is just a technicality."

    These four hospital system signings, along with the five physician

groups, are in addition to TLC Health Network and Brooks Memorial Hospital,

which were announced in late January. Joseph E. Wolfson, President and CEO

of HealthTransaction Network(R), said, "these most recent signings increase

the number of HTN Network locations to 31 in the Western New York Area."

    Network transaction processing operations began in May 2008 with the

implementation of merchant processing services at three of the five

participating physician groups. In addition, the Company is currently in

the final stages of preparing for the implementation of the remaining

Network processing operations, including the issuance of consumer

healthcare cards at participating hospital system sites. "The Company is on

track to complete implementation of this new healthcare network in late

August, 2008," Mr. Wolfson said.

    In summary, HealthTransaction Network(R) is creating the first-ever

electronic healthcare network to provide affordable routine primary,

preventive and wellness care services to the uninsured and underinsured

population, across the United States. The Network connects healthcare

providers and consumers using an electronic transaction network system that

quickly, securely and efficiently processes transactions between them.

Participation in the Network is open to all healthcare providers and

consumers, nationwide. Consumers can gain access to the affordable services

by subscribing and obtaining a consumer healthcare card at participating

healthcare provider or employer sites.

    The Company also announced that it has recently published a white paper

document, which was completed by HealthTransaction Network(R) and TLC

Health Network of Irving, NY, in conjunction with research firm Insight

Associates, Inc. The white paper represents the culmination of nearly five

years of research and examines such issues as: the uninsured and

underinsured population in America; the inefficient and ineffective

distribution and administrative systems supporting the healthcare system;

and the rapidly rising cost of healthcare for American citizens. The

document is available on the Company's website

Contact: Joseph E. Wolfson President and CEO HealthTransaction Network(R) (716) 250-5042 [email protected]

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