The programme to be jointly administered, calls for CareDecision to provide its patent pending MD@Rx, MD@Desktop, MD@Practice-Probe and MD@Server products and technologies, which build and support e-health networks, linking physicians who are primarily treating the medically uninsured. There are over 40 million Americans without any health care insurance. This nationwide collaboration, with an initial value of $50 million, net of the cost of the filled prescriptions, will initially be rolled out in several states, and is arguably the largest e-Script programme conceived.
Robert Cox, CEO of CareDecision Corporation, stated: "We are pleased to have quickly come to an agreement on the structure of the collaboration with Kelly Co., a highly-respected and established pharmaceutical distributor. Both companies are focused and dedicated to providing the highest-quality services to physicians and patients, and in coming days we plan to explore further pooling of interests. The current arrangement, a $50 million e-script initiative, provides a viable solution to the growing problems faced by uninsured and under-insured Americans. In the coming days we plan to announce additional details related to this exceptional and unique opportunity."
Ronald R. Kelly, founder and CEO of Kelly Co. World Group Inc., stated: "CareDecision's sophisticated and patent pending technologies will allow this extraordinary undertaking to proceed. This e-health initiative, the largest of its kind to date, will create significant opportunities for our two companies, and is a giant step toward helping to solve the crisis faced by the millions of Americans without health insurance. We have been working on this endeavour for a number of months and are elated by the broad-based support and excitement we are receiving from all sides of this initiative."
Kelly Co. World Group Inc. is a private, closely-held Delaware corporation that was incorporated in 1988 by Ronald R. Kelly to be the operating vehicle for an international import and export business specializing in high-quality commercial products from a variety of wholesale sources. The Kelly Co. World Group Inc. pharmaceutical division is licensed for the distribution of pharmaceuticals throughout the United States from its warehousing facility in Illinois.
CareDecision Corporation is a provider of Internet-enhanced PDA devices applicable to health care, lodging, and satellite-rebroadcast industries. Its proprietary ResidenceWare, MD@Hand, and Satelink technologies manage critical data, enhance productivity and e-commerce, and facilitate communication with applications in the health care, apartment, hotel/motel and satellite rebroadcast industries. More news on CareDecision is available in the VMW May 2004 article CareDecision Corporation to finalize its acquisition of Multimedia Digital Utility Services Inc.