Authentidate and EncounterCare Form ExpressMD Solutions Joint Venture to Provide Telehealth Vital Signs Monitoring Systems Desig
June 10 2008 - 8:00AM
PR Newswire (US)
BERKELEY HEIGHTS, N.J., PALM BEACH GARDENS, Fla., June 10
/PRNewswire/ -- Authentidate Holding Corp. (NASDAQ:ADAT), a
worldwide provider of secure workflow management software and
web-based services, announced that it has formed a joint venture
with EncounterCare Solutions, Inc. (OTC Pink Sheets: ECSL), a
provider of technology and services for the home healthcare
marketplace. The joint venture called ExpressMD(TM) Solutions will
provide in- home patient vital signs monitoring systems and
services to improve care for patients with chronic illnesses and
reduce cost of care by delivering results to their health care
providers via the Internet. ExpressMD Solutions will combine
EncounterCare's Electronic House Call(TM) patient vital signs
monitoring appliances with a specially designed web-based
management and monitoring software module based on Authentidate's
Inscrybe(TM) Healthcare platform. ExpressMD Solutions will enable
unattended measurement of patients' vital signs and related health
information. Patients' data will then be securely sent
electronically to each patient's health care provider for review.
ExpressMD Solutions will be designed to aid wellness and
preventative care, and deliver better continuity of care to
specific patient segments such as the elderly, special needs or
pediatric patients with chronic illnesses who require regular
monitoring of serious medical conditions. According to a January
2008 research study conducted at the State University of New York
at Fredonia, the demand for patient monitoring systems in the
primary healthcare sector in the United States is forecast to
increase 5.9 percent per year to an estimated $12 billion market by
2012 based on expected contributions to positive therapeutic
outcomes and efficiencies. Additionally, the study indicates that
the market for self-monitoring activities will also expand as
treatment for chronic care patients, especially patients with
asthma, diabetes and heart disorders focuses on preventative care.
Using ExpressMD Solution's offerings health care providers will be
able to easily view their specific patient's vital statistics and
make adjustments to the patient's care plans via the Internet.
ExpressMD Solution's easy to use patient monitoring system is
intended to provide patients with increased peace of mind and
improved condition outcomes through a combination of care plan
schedule reminders and comprehensive disease management education
on their in- home communication unit. The service will provide
intelligent routing to alert on-duty caregivers whenever a
patient's vital signs are outside of the practitioner's pre-set
ranges. Health care providers and health insurers also are expected
to benefit by having additional tools to improve patient care, and
reduce overall in-person and emergency room patient visits.
"EncounterCare's expertise with in-home patient monitoring
technologies and Authentidate's expertise in online healthcare
systems and securely managing patients' documents has allowed us to
shorten the development cycle and ready this solution for delivery
in record time," said Ron Mills, CEO of EncounterCare Solutions,
Inc. "The ExpressMD Solutions joint venture will allow Authentidate
and EncounterCare to leverage existing portions of our respective
healthcare products as well as existing healthcare industry
relationships from both companies," said Ben Benjamin, President of
Authentidate Holding Corp. "The telemedicine market is a large
market that we believe will benefit from our document management
capabilities. By entering this market through a joint venture, we
will be able to strongly penetrate an emerging market, while
expanding the use of our platform within the health care
community." For more information about ExpressMD Solutions, visit
http://www.expressmdsolutions.com/. About Authentidate Holding
Corp. Authentidate Holding Corp. is a worldwide provider of secure
workflow management software and web-based services. The company's
automated and trusted workflow solutions enable enterprises and
office professionals to employ rules-based electronic forms,
intelligent routing and transaction management, electronic signing,
content authentication, identity credentialing and verification and
web and fax based communication capabilities. Customer benefits
from the company's offerings include reduced costs, improved
productivity and service levels, automated audit trails, enhanced
compliance with regulatory requirements and the reduction of
paper-based processes. The company has offices in the United States
and Germany. In the United States we offer our patent pending
content authentication technology in the form of the United States
Postal Service(R) Electronic Postmark(R) (EPM). For more
information, visit the company's website at
http://www.authentidate.com/. About EncounterCare Solutions, Inc.
EncounterCare Solutions, Inc. (OTC Pink Sheets: ECSL),
headquartered in Palm Beach Gardens, Florida is an integrated
healthcare company that operates its business through two
divisions, the Healthcare Technology Division and the Healthcare
Services Division. EncounterCare's operating businesses offer a
broad range of proprietary healthcare technology, products and
services that address several substantial target markets,
including: the Healthcare Information Technology market, the
Healthcare Telemedicine market and the Homecare market. For more
information, visit http://www.encountercare.com/. 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, related decisions by the USPS,
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. ExpressMD is
a trademark of ExpressMD Solutions, LLC. Authentidate is a
registered trademark of Authentidate Holding Corp. Inscrybe is a
trademark of Authentidate Holding Corp. Electronic House Call is a
trademark of EncounterCare Solutions, Inc. All other trade names
are the property of their respective owners. Investor Contacts:
Media Contacts: Todd Fromer / Garth Russell Erika Kay KCSA
Strategic Communications KCSA Strategic Communications 212-896-1215
/ 212-896-1250 212-896-1208 / DATASOURCE: Authentidate Holding
Corp.; EncounterCare Solutions, Inc. CONTACT: Investor Contacts,
Todd Fromer, +1-212-896-1215, , or Garth Russell, +1-212-896-1250,
, or Media Contact, Erika Kay, +1-212-896-1208, , all of KCSA
Strategic Communications Web site: http://www.authentidate.com/
http://www.encountercare.com/ http://www.expressmdsolutions.com/
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