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[durt]

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Promedix Integrated E-Commerce Solution Reduces Purchasing
9/19/00 8:29:00 AM
Source: Business Wire
Costs at Intermountain Health Care by Nearly 90 Percent

Business Editors/High-Tech Writers


SALT LAKE CITY--(BUSINESS WIRE)--Sept. 19, 2000--


BD Healthcare Consulting Study Validates the Promedix E-Commerce Solution`s Ability to Reduce Specialty Medical Product Acquisition Costs Dramatically



Quote Snapshot
VNTR 14.13 0.75



Promedix, a Ventro(TM) (Nasdaq:VNTR) specialty medical company and leading provider of business-to-business (B2B) e-commerce solutions for healthcare professionals, today announced the completion of a first-of-its-kind, joint study initiated by Promedix, Intermountain Health Care (IHC) and BD Healthcare Consulting and Services (BDHCS) to document and quantify the impact of implementing e-commerce solutions in a healthcare system. The study found that the Promedix solution, reduced buyer ordering time at IHC by 75 percent and produced an 83 to 86 percent savings in accounts payable and purchasing costs associated with specialty medical product procurement.

Currently, the large number of specialty suppliers used by healthcare systems causes a high degree of inefficiency in contract negotiations, ordering and overall product management. The study, directed by BD Healthcare Consulting and Services in Boston, targeted telephone orders placed by IHC for specialty medical products, because telephone orders cost roughly five times as much as an electronically placed order.

The study was conducted at two Intermountain Health Care facilities over a five-month period, between February 2000 and June 2000. The study tested the level at which the Promedix e-commerce solution could reduce the costs of order management for specialty medical product procurement. IHC is a not-for-profit system comprised of 22 hospitals and 100 clinics serving communities in Utah and Idaho.


Dramatic Reduction in Overall Buyer Time


The Promedix solution offers both Web-based and integrated methods of procurement, both of which were tested at IHC.


Web-Based Procurement -- Overall, the Promedix Web-based procurement solution reduced buyer time by approximately 25 percent because it eliminated costly telephone orders. The Promedix Web-based solution initially used by IHC demonstrated several efficiencies over phoning or faxing specialty orders. Specific advantages experienced by IHC while using the Promedix solution include: order aggregation, elimination of phone time, enhanced ability to research product information and ability to check order status any time during the order cycle.


Integrated Procurement -- IHC experienced a 75 percent reduction in buyer time, related to the procurement of specialty products, when its internal materials management system was fully integrated with the Promedix solution. In addition to reducing telephone order time, the Promedix integrated e-commerce solution eliminated the time consuming double entry method incumbent with using Web-based procurement. With the integrated solution, IHC created purchase orders one time in the IHC ERP system; and orders were then seamlessly and automatically transmitted to Promedix electronically.


Quantifying Additional Impacts


In addition to the time efficiencies IHC experienced using the Promedix solution, the study reported additional positive impacts. For example, IHC`s procurement transaction costs were reduced by 86 percent. The impact on accounts payable was just as dramatic, reducing costs associated with specialty medical product procurement by 83 percent. Since Promedix takes title to all goods ordered through its system, IHC avoided the costly process of handling multiple invoices from multiple vendors. Instead, IHC was able to order several products from multiple vendors using one purchase order. Because Promedix handled all payment issues between IHC and the vendors, IHC`s accounts payable reduced the time spent managing orders.

"The study identified the significant value of the Promedix e-commerce solution for the ordering of specialty medical products," said Richard Beach, IHC Corporate Materials Management. "The integration of IHC`s existing ERP procurement system with the Promedix e-commerce platform was the key in making the solution realistic for us. The next steps are to fine tune the processes, increase suppliers and integrate additional IHC facilities into Promedix."

"This study demonstrates that IHC users experienced unprecedented efficiency gains while using the fully integrated e-commerce solution of Promedix," said Thomas Hughes, vice president, BD Healthcare Consulting Services. "The study indicated that, an integrated e-commerce solution can dramatically improve and simplify the buying process. By reducing the traditional ordering process using fax or phone for specialty products, which is the most difficult and inefficient area for IHC and other healthcare systems, the Promedix solution was shown to have a significantly positive impact for IHC."

"Promedix is the first e-commerce company to deliver on its promise of executing the first integrated transaction. Based on the BDHCS findings at IHC, using the Promedix solution creates measurable savings and vital opportunities for streamlining purchasing operations in healthcare institutions," said Barrie Keiser, president and general manager, Promedix.


About Intermountain Health Care


Based in Salt Lake City, Intermountain Health Care (IHC) is a nonprofit health care system that serves the medical and health care needs of Utah and Idaho residents. IHC combines the financial, administrative, and delivery aspects of health care into one integrated network. The result is high quality, low cost health care for everyone with a medical need.


About BD Healthcare Consulting and Services


BD Healthcare Consulting and Services puts over 20 years of proven and innovative healthcare supply chain and operational management expertise to work for customers in helping them clearly define the right e-supply chain solution and making e-commerce applications work to reduce costs, gain process efficiency and improve service levels. BD Healthcare Consulting and Services provides a range of operational, clinical, supply and information management consulting services for healthcare organizations in the areas of materials management, pharmacy, surgical services and the clinical laboratory.


About Promedix


Promedix is a Ventro marketplace company and a leading provider of B2B e-commerce solutions for the specialty medical market. Promedix links buyers and suppliers of specialty medical products, providing healthcare professionals with a one-stop shop for product research, purchase and order fulfillment through relationships with distributors and manufacturers. In the highly fragmented, paper-driven medical products market, Promedix is the de facto online source for specialty medical products. For more information, visit www.promedix.com.


About Ventro


Ventro is a leading builder and service provider of B2B marketplaces. Ventro offers a variety of products and services, through its complete marketplace solution, that take online B2B marketplaces from concept to liquidity. Ventro marketplaces include Chemdex, Promedix, Broadlane, Industria Solutions, Amphire Solutions and MarketMile. For more information about Ventro, please visit www.ventro.com.


"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Ventro`s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. These potential risks and uncertainties could cause actual results to differ from those contained in the forward-looking statements and include, without limitation, Ventro`s ability to prove its business model and gain operating efficiencies, the effects of government regulation, and its dependence on a limited number of enterprise customers. These and other risk factors are described in detail in the company`s filings with the Securities and Exchange Commission.

[durt]

Ventro-News!

Was will diese Nachricht uns sagen ?
Good night!
durt



Ventro Supports UDDI Project to Accelerate Adoption of B2B E-Commerce
WEDNESDAY, SEPTEMBER 27, 2000 8:30 AM
- PRNewswire

MOUNTAIN VIEW, Calif., Sep 27, 2000 /PRNewswire via COMTEX/ -- Ventro(TM) Corporation (Nasdaq:VNTR), a leading builder of and service provider to business-to-business (B2B) e-commerce marketplaces, today announced that it has joined the Universal Description, Discovery and Integration (UDDI) project, a cross-industry initiative designed to accelerate and broaden B2B integration and commerce on the Internet. Ventro will work closely with UDDI partners to develop a global standard for business representation and registration on the Internet. Ventro`s support of this initiative is part of the company`s ongoing mission to provide the most advanced services and technology to its marketplaces and accelerate the adoption of B2B e-commerce.

"Ventro is a strong believer in supporting open standards to foster the growth of marketplace-driven e-commerce," said Pierre Samec, chief technology strategist at Ventro. "The UDDI initiative parallels our own efforts, and we expect that the project will foster further innovation among B2B e-commerce leaders. The development of open, accessible standards enhances the value of our complete marketplace solution to all marketplace constituents."

As companies move their operations online, it is becoming increasingly important that they have a common standard to integrate and communicate with customers and partners. With the UDDI Project, companies across the full spectrum of industries will benefit from the development of a common language that promotes both the creation of new marketplaces and the evolution of existing marketplaces with value-added services.

About UDDI

The UDDI project is the first cross-industry effort driven by platform and software providers, marketplace operators and e-business leaders. The participating technology and business pioneers are acting as the initial catalysts to quickly develop the platform-neutral UDDI standard by which businesses can describe themselves and indicate their preferred means of conducting e-commerce transactions. UDDI also includes the shared operation of a globally distributed UDDI Business Registry. For more information, visit UDDI at www.uddi.org.

About Ventro

Ventro is a leading builder of and service provider to B2B marketplaces. Ventro offers a variety of products and services through its complete marketplace solution that lead online B2B marketplaces from concept to liquidity. Ventro marketplaces include Chemdex, Promedix, Broadlane, Industria Solutions, Amphire Solutions, MarketMile, and Ventro Life Sciences Europe. For more information about Ventro, please visit www.ventro.com.

SOURCE Ventro Corporation

CONTACT: media, Brett Weiner of Schwartz Communications, 415-512-0770,
or [e-mail], for Ventro Corporation; or Mark Heisten of Ventro
Corporation, 650-567-8828, or [e-mail]; or investors, D.J. Anderson
of Ventro Corporation, 650-567-7500, or [e-mail]

URL: http://www.uddi.org
http://www.ventro.com
http://www.prnewswire.com

(C) 2000 PR Newswire. All rights reserved.

KEYWORD: California
INDUSTRY KEYWORD: MLM

[mpk]

Und ??? was ist Deiner Meinung nach jetzt zu tun ?

[durt]

High,
Wenn ich das wüsste ?
Für mich habe ich die Entscheidung getroffen
investiert zu bleiben.
Totalverlust möglich ?
Viel Glück bei den eigenen Entscheidungen.
durt

[mpk]

Ich bleibe auch drin. Der einzige Grund ist allerdings, daß Ventro meine erste Aktie war. Erste Liebe sozusagen. Irgendwann werde ich mein Haus mit den Aktien tapezieren. Bei den Kursen ja fast schon günstiger wie richtige Tapeten.

grüße mpk

[durt]

Ventro-Kurs nachbörslich bei:
18.15 $ 11.375
Quelle:
http://quotes.nasdaq.com/

Ventro - Erwähnung in folgender
Studie stimmt mich positiv!
Glück Auf
durt



Hurwitz Group Forecasts Future of e-Procurement in Upcoming
9/28/00 8:53:00 AM
Source: PR Newswire
Webcast Featuring Panel of Ariba and Commerce One Customers Hurwitz Group Checklist Will Help Companies Evaluate Buy-Side Platforms and Identify Strategies for Next Generation Buy-Side Solutions
FRAMINGHAM, Mass., Sept. 28 /PRNewswire/ -- Hurwitz Group is hosting an e- Procurement webcast presentation "Ariba and Commerce One: The Battle Spreads Beyond e-Procurement" on Tuesday, October 3, from 1:00 to 2:15 p.m. EDT. The webcast will predict the future of e-Procurement, discuss Ariba`s and Commerce One`s strategies for next-generation buy-side solutions, and give attendees a checklist for evaluating buy-side platforms.



)

The online seminar will feature Hurwitz Group`s Heather Ashton, Director, Electronic Business Strategies and Bill Eisele, Analyst, Electronic Business Strategies, as well as corporate executives -- Peter DiLaura from Ventro Corporation and Amar Singh from Simplexis -- who are marketplace service providers that utilize Ariba and Commerce One. Ariba and Commerce One are two leading companies that helped define the e-Procurement market and raise the bar on customer expectations for web-based enterprise applications.

"In the past 18 months, the number of corporate purchasing departments utilizing e-Procurement solutions has exploded," said Heather Ashton, Director, e-Business Strategies, Hurwitz Group, Inc. "Proliferating across nearly every industry, this growth has created chaotic shifts in the e-Procurement market."

"Vendors are trying to keep pace with the unique demands of vertical markets by developing solutions that support the emerging business models for buy-side, including marketplaces, exchanges, and dynamic pricing," she said. "Hurwitz Group believes that the evolution of the buy-side platform will be the catalyst for the next era in e-Procurement`s brief history."

During the webcast, Hurwitz Group analysts will discuss topics such as:

-- What are the similarities - and differences - between the leading

vendors in this market, namely Ariba and Commerce One?

-- What will the rapidly-shifting landscape for e-Procurement and buy-side

platform solutions look like a year from now?

-- What business drivers are influencing organizations` decisions to

select and implement e-Procurement and buy-side platform solutions?

"Vendors of buy-side technology are rapidly repositioning themselves as providers of marketplace platforms. In the race to dominate this market, e-Procurement pioneers Ariba and Commerce One are aggressively forming partnerships and alliances to be the first to deliver on this bigger vision," Ashton said.

"The savviest procurement managers will soon have the opportunity to reap the benefits of this new market direction," she said. "However, it is critical for them to choose wisely in deciding which e-Procurement vendor to align themselves with to realize the cost savings and improved efficiencies that are being promised."

Related to e-Procurement, Hurwitz Group areas of analysis and research include supply-web technologies and e-Procurement technologies, as well as international e-Commerce, e-Procurement, customer relationship management (CRM), supply chain management (SCM), business intelligence (BI), and other e- Business applications.

Participation in the event is free. To register online, go to www.hurwitz.com/eprocurement/. All webcast attendees will receive a complimentary copy of Hurwitz Group`s report, "Market Segmentation for e- Procurement."

About Hurwitz Group

Hurwitz Group, a consulting and research firm providing advice and assistance with e-Business and IT initiatives, is recognized for its close working relationships with clients and a focus on business realities. Hurwitz Group clients include Fortune 2000 IT organizations as well as business-to- business software and services vendors. Hurwitz Group strategists leverage research from the company`s knowledge centers to provide clients with a range of services, including market development and positioning strategies, enterprise technology strategies, primary research, and custom consulting.

About Simplexis

Simplexis is the leading educational service provider focused on K-12 schools and their suppliers nationwide. The Simplexis online purchasing solution streamlines how schools research and purchase products, access supplier catalogs and submit requests for bids and quotes.

Schools save time and money on the thousands of products and services they buy each year, while suppliers gain sales efficiencies and expand their market reach. By providing a simple, reliable, and comprehensive solution, Simplexis estimates that it will help America`s schools save $10 billion by 2005 - leaving more dollars for kids in classes.

About Ventro

Ventro(TM) Corporation (Nasdaq: VNTR) is focused on building and operating the next generation of business-to-business (B2B) companies. Ventro was created to leverage the significant assets originally developed by Chemdex in the life sciences market across multiple industries. Ventro is a publicly traded company that incorporates all of the existing operations of Chemdex and Promedix. Ventro Corporation, whose unique name reflects unlimited opportunity in an exploding industry, is headquartered in Mountain View, Calif. Ventro Europe is headquartered in Uxbridge, England.

SOURCE Hurwitz Group

[durt]

High,
Zur Information:


Ventro Hosts First B2B Leadership Forum - October 10-12th, 2000

B2B E-Commerce Pioneer and Seven Marketplaces Bring Together Industry Experts
And Thought Leaders to Examine Progress, Challenges and Opportunities
Of Industry

Ray Lane, General Partner of VC Leader Kleiner Perkins Caufield & Byers
And Former President and COO of Oracle, Gives Opening Keynote

MOUNTAIN VIEW, Calif., Oct. 4 /PRNewswire/ -- Ventro(TM) Corporation (Nasdaq: VNTR), a leading business-to-business (B2B) marketplace service provider, today announced the Ventro B2B Leadership Forum, taking place October 10-12th, 2000 at the Hyatt Regency in Monterey, California. Further information is available at www.ventro.com/forum/index.html.

The one-and-a-half day "super user group" event provides an in-depth forum for the country`s leading e-commerce practitioners to discuss real world progress, challenges and opportunities surrounding B2B e-commerce. Attendees include high-level buyers and suppliers, technology providers and marketplace builders, in particular targeting the customers and partners of Ventro`s seven B2B marketplaces -- Chemdex(TM), Promedix(TM), Amphire Solutions(TM), Broadlane(TM), Industria Solutions(TM), MarketMile(TM) and Ventro Life Sciences(TM) Europe.

Ray Lane, General Partner of Kleiner, Perkins, Caufield & Byers and former President and COO of Oracle Corporation, will deliver the opening keynote address.

"Ventro is in the unique position of being a B2B thought leader, working closely with buyers, suppliers, technology providers and other partners across a variety of marketplaces," said David Perry, CEO of Ventro Corporation. "This forum presents an excellent opportunity to bring together some of the industry`s key influencers to share best practices and to direct the future evolution of this market." Ventro has extensive marketplace expertise, building seven marketplaces over the past three years.

Topics to be addressed at the forum include: ROI, emerging standards, community marketing, integration, supply chain management and supplier relationship marketing, including detailed case studies from both suppliers and buyers already operating in the Ventro marketplaces. Sponsors for this event include American Express, IBM, webMethods, Global Software Solutions, Inc. (GSSI) and Ogilvy & Mather.

The conference features several industry leaders and visionaries as guest speakers:

-- Alex Todd from IBM (www.ibm.com) will address privacy matters;
-- Timo Elliott of Business Objects (www.businessobjects.com) will discuss
web intelligence and data mining;
-- Christian Grebisz of Global Software Solutions, Inc. (GSSI)
(www.g11n.com) will address globalization issues;
-- Nicholas Gaich from Stanford University Medical Center
(www-med.stanford.edu) will talk about supplier relationship marketing;
-- Hy Waxman from Becton Dickinson (www.bectondickinson.com) will speak
about measuring results from e-commerce;
-- Sue McKay of Aircast (www.aircast.com) will share the supplier benefits
she has experienced in the specialty medical marketplace;
-- Morgan M. Schuessler, Jr. of American Express (www.americanexpress.com)
will discuss finance and payment methods; and,
-- Dan Prengamen and Marc Breissinger of webMethods (www.webmethods.com)
will address emerging standards.

About Ventro

Ventro is a leading builder of and service provider to B2B marketplaces. Ventro offers a variety of products and services, through its complete marketplace solution, that take online B2B marketplaces from concept to liquidity. Ventro marketplaces include Chemdex, Promedix, Broadlane, Industria Solutions, Amphire Solutions, MarketMile and Ventro Life Sciences Europe. For more information about Ventro, please visit www.ventro.com.

For more information, please contact Schwartz Communications at 415-512-0770 or [e-mail].


/CONTACT: Brett Weiner of Schwartz Communications, 415-512-0770, or [e-mail], for Ventro Corporation; or Jennifer Edsell, 650-567-7783, or [e-mail], or D. J. Anderson, 650-567-8800, or [e-mail], both of Ventro Corporation/


Viele Grüsse
durt