Zix Corp Announces Contract for Statewide E-Prescribing Initiative

Strategic Insights -

Zix Corp, a leader in hosted services for email encryption and e-prescribing, has announced a contract for a new 500-physician e-prescribing program. The program will be split evenly between ZixCorp and another vendor, with ZixCorp receiving a majority of the revenue generated from a $1 per qualified e-script transaction fee. The contract also includes a full sponsorship for each prescriber's deployment and first year of service. This partnership demonstrates ZixCorp's commitment to expanding its e-prescribing services and creating a self-perpetuating expansion model.

Key Takeaways:

  • Zix Corp has announced a contract for a new 500-physician e-prescribing program, to be split evenly between ZixCorp and another vendor.
  • The contract includes a $1 per qualified e-script transaction fee, with the majority of the revenue going to ZixCorp.
  • ZixCorp will receive a full sponsorship for each prescriber's deployment and first year of service.
  • The program will utilize ZixCorp's e-prescribing service, allowing physicians to securely transmit prescriptions electronically.
  • The partnership demonstrates ZixCorp's commitment to expanding its e-prescribing services and creating a self-perpetuating expansion model.
  • ZixCorp's client roster includes Aon Corporation, Blue Cross-Blue Shield of Arizona, BASF, DuPont, ConocoPhillips, and Universal Health Services.
  • BellwetherReport.com, a leading online research firm, has provided research on Zix Corp and will continue to monitor the company's progress.

Statistics:

  • The contract is for a new 500-physician e-prescribing program.
  • The program will be split evenly between ZixCorp and another vendor.
  • The $1 per qualified e-script transaction fee will generate revenue for ZixCorp.
  • The first year transaction fees will be used to cover the costs of service and sponsorship.
  • The remaining transaction fees will be used to fund future deployments of additional prescribers.
  • The program is expected to create a self-perpetuating expansion model for ZixCorp.

Sources:

  • M2 PressWIRE, "Shareholder Alert for Zix Corp (C)1994-2006 M2 COMMUNICATIONS LTD RDATE:28122006"
  • BellwetherReport.com, a leading online research firm.
  • Zix Corp, "ZixCorp Announces Contract for Statewide Initiative."