Thursday April 6, 9:25 am Eastern Time
Healtheon/WebMD and MedCAREERS Offer Career Center For Healthcare Professionals on WebMD Practice
MedCAREERS to be Provider of Comprehensive Career Center on WebMD Practice, Paying $40 Million to Healtheon/WebMD
ATLANTA, April 6 /PRNewswire/ -- Healtheon/WebMD Corp. (Nasdaq: HLTH), the
first end-to-end Internet healthcare company connecting physicians and
consumers to the entire healthcare industry, and MedCAREERS.com, the
Internet's most comprehensive, easy-to-use site devoted exclusively to
providing career and staffing solutions for healthcare professionals, have
entered into an agreement in which MedCAREERS will develop and operate the
WebMD Career Center on Healtheon/WebMD's provider portal, WebMD Practice.
MedCAREERS will be the exclusive provider of online placement and recruitment
services for healthcare professionals and prospective employers on
Healtheon/WebMD's professional portal.
Total payments to Healtheon/WebMD for placement of the career center on
its professional portal will be $40 million over five years.
Under the terms
of the agreement, Healtheon/WebMD will promote and market the co-branded site
to its members.
Healtheon/WebMD will also receive a share of revenue
generated by the co-branded site.
All of the healthcare professionals including physicians and nurses who
access WebMD Practice will be able to utilize MedCAREERS' online database of
jobs for all types of healthcare positions -- the largest database of its kind
on the Internet.
Individuals seeking employment can post their curriculum
vitae (CV) and prospective employers seeking candidates for available
positions can post job opportunities on the WebMD Career Center.
``The WebMD Career Center is another example of the valuable services that
we offer to our subscribers,'' said Charles Saunders, M.D., chief medical
officer of Healtheon/WebMD.
``MedCAREERS' comprehensive and extensive
databases and its career and staffing solutions for job seekers and
prospective employers in the healthcare industry are a valuable addition to
the existing services that we provide.
As we continue to strengthen the
offerings on WebMD Practice, we expect this will drive further adoption of our
services across the entire healthcare industry.''
``By combining forces with Healtheon/WebMD, MedCAREERS will be better able
to access the important healthcare provider marketplace,'' said Will Goldstein,
chief executive officer of MedCAREERS.
``We are pleased to be partnering with
an industry leader that shares our commitment to the healthcare industry and
has established a loyal membership of healthcare professionals.''
About Healtheon/WebMD
Healtheon/WebMD is the first end-to-end Internet healthcare company
connecting physicians and consumers to the entire healthcare industry.
Healtheon/WebMD is using the Internet to facilitate a new system for the
delivery of healthcare, resulting in a single, secure environment for all
communications and transactions that will enable a more efficient and cost
effective healthcare system.
With corporate headquarters in Atlanta and
technology headquarters in Silicon Valley, the company was formed in November
1999 as a result of the merger of Healtheon Corporation, WebMD Inc., MEDE
America and Medcast.
For more information visit www.webmd.com .
About MedCAREERS
Based in Atlanta, MedCAREERS.com is a privately held corporation that
manages and markets the Internet's most comprehensive, flexible Web site
devoted exclusively to providing career and staffing solutions for healthcare
professionals.
MedCAREERS' exclusive technology provides a full suite of
career management tools, allowing job candidates and employers to post resumes
and job opportunities on multiple partner sites, such as Healtheon/WebMD Corp.
For more information, visit the company's Web site at www.medcareers.com or
call 800-307-1038.
Other than historical information set forth herein, this
announcement contains forward-looking statements that involve risks and
uncertainties, including those relating to the ability of Healtheon/WebMD's
services to decrease costs and improve patient care. Actual results could be
materially different from those discussed in this announcement. Factors that
could cause actual results to differ include, among others: Healtheon/WebMD's
limited operating history, continued growth in the use of the Internet, and
acceptance of the Internet as a secure medium over which to conduct
transactions. Additional risks associated with Healtheon/WebMD's business can be
found in its recent Registration Statement on Form S-4 and other periodic
filings with the SEC.
SOURCE:Healtheon/WebMD
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