Xcare.net (Nasdaq: XCAR) rose 1 9/16 to 10 1/16 Friday after the healthcare e-commerce company said it signed a development and marketing agreement with e-MEDx. Xcare.net said it will create a Web-enabled version of e-MEDx’s Care Management product line and integrate it with its own products targeted to healthcare organizations.
The companies will also market each other’s products to their clients. “The client solutions that we can create together will broaden and strengthen our respective products and services,” said John Dwyer, e-MEDx chief executive officer.
The companies’ products are similar, yet complementary, said Tom Pianco, senior vice president of sales at Xcare.net. “Both companies have core ‘engine’ products, but e-MEDx primarily focuses on clinical transactions, while XCare.net primarily focuses on back-office managed care business and administrative transactions. There is minimal overlap in our product lines and tremendous synergy in our business models.”