Products Designed to Provide Significant Technical Advantages and Cost Savings
BERKELEY HEIGHTS, NJ
January 23, 2013
Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that it plans to introduce a mobile telehealth tablet and a telehealth software application (App) designed to address the needs of the growing mobile telehealth markets. The company estimates that the market for remote patient monitoring solutions will grow to approximately $7 billion this year due to the impact of new programs designed to reduce patient care costs and the high hospital readmission rate of patients with chronic illnesses.
"Our new mobile telehealth tablet and our telehealth App for user-supplied tablets or smart phones are both exciting new products that are designed to address the needs of mobility in the telehealth marketplace. Mobile patients (patients that are not home-bound) represent a rapidly growing segment of the patient population that can benefit from a remote patient monitoring program. Patients will be able to use the telehealth tablet or install the telehealth App on their own mobile device.
These new telehealth products will complement our present offerings, and provide for a broader range of price points and patient segments that can benefit from telehealth. The ease of adapting these next generation products to existing standard interfaces in tablets and smart phones should also make them more readily available to international markets. These new products are consistent with efforts to reduce the cost of healthcare and are aligned with Federal government efforts to broaden reimbursements for Telemedicine. The commercial availability of these new mobile telehealth products is scheduled for launch in February 2013, following the completion of our testing and quality assurance procedures," said Gavin Stewart, Vice President of Business Development at Authentidate.
Some of the advantages of Authentidate's new mobile telehealth products are:
Smaller and Lighter for Patient Mobility
Built-in Bluetooth Connectivity for Vital Sign Peripherals
Built-In Cellular Data Communications
Built-In Live Video and Audio Chat Capabilities
All Authentidate telehealth products and services are designed to reduce hospital readmissions and emergency visits by keeping patients with chronic illnesses on their care plans, managed and monitored by their healthcare providers. These new products communicate automatically with Authentidate's robust web-based telehealth management software application.
Healthcare providers review and manage their own patients using a secure web interface anywhere they have an Internet connection. With our telehealth solutions, healthcare providers review patients' vital signs, answers to qualitative questions and trend reports that help assess progress. Through the same web interface, they can communicate with patients, provide educational videos or other disease-specific content and set automated reminders to help their patients stay on the path to improved health. The web application automatically sends alerts to the healthcare provider any time their patients' results are outside of pre-set ranges, to help avoid in-person visits. With our remote patient monitoring solutions, patients are more connected to their healthcare providers, which can enhance their ability to maintain a healthier lifestyle and experience increased independence and improved quality of life.
About Authentidate Holding Corp.
Authentidate Holding Corp. is a provider of secure web-based software applications and telehealth products and services that enable healthcare organizations to coordinate care for patients and enhance related administrative and clinical workflows. Authentidate's products and services enable healthcare organizations to increase revenues, reduce costs and enhance patient care by eliminating paper and manual work steps from clinical and administrative processes. Authentidate's telehealth solutions combine patient vital signs monitoring with a web application that streamlines patient care management. Delivered as Software as a Service (SaaS), customers only require an Internet connection and web browser to access our web-based applications thereby utilizing previous investments in systems and technology. The company's healthcare customers and users include leading homecare companies, health systems, physician groups and governmental entities. These organizations utilize the company's products and services to coordinate care for patients outside of acute-care.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of the company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the company or any other person that the objectives and plans of the company will be achieved.
Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.