BERKELEY HEIGHTS, NJ
January 21, 2015
Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that Premier, Inc., has awarded a group purchasing agreement to Authentidate® for the provision of telehealth solutions in Premier’s Physiological Monitoring Systems category. The agreement is for a three-year period, effective March 1, 2015 through February 28, 2018. The agreement allows Premier member hospitals, clinics and other healthcare organizations, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier to purchase all of Authentidate’s InscrybeMD® Telehealth solutions included in Premier’s Physiological Monitoring Systems category.
“We are pleased that the Premier alliance sees the value in our solutions and has chosen to extend our relationship with the award of this second purchasing agreement including all of our telehealth solutions,” commented Ben Benjamin, CEO at Authentidate Holding Corp. “In their latest annual report, Premier, a healthcare performance improvement alliance with a mission to improve the health of communities, reported more than $910 million in revenues during its fiscal 2014 year. By adding Premier members and implementing our solutions under the first agreement that began in 2011, it helped us expand our commercial, non-government telehealth business. The success of those customers’ use of our telehealth solutions has demonstrated the efficacy of our solutions and the impact they can have on patient care as well as a provider’s business.”
The InscrybeMD Telehealth solutions enable patients to return to their daily routines, while providing frequent updates of patient vital signs and related data to healthcare providers. By allowing healthcare providers to set-up tailored monitoring sessions to meet specific patient needs, the Authentidate remote monitoring solutions are designed to contribute to improved patient outcomes with fewer in-person doctor or emergency room visits. Providers can use remote patient monitoring, reducing costs and allowing for improved patient care, to oversee patients who have chronic diseases such as Diabetes, Hypertension, Congestive Heart Failure (CHF), Chronic Obstructive Pulmonary Disease (COPD), wellness programs and other conditions (such as weight management and tobacco cessation).
The InscrybeMD Telehealth solutions are designed to improve patient care and reduce costs by delivering patient vital signs and patient responses to session questions about their condition to healthcare providers through the secure web-based application. InscrybeMD’s Electronic House Call, Telehealth Tablet and Kiosk devices all connect to a wide variety of industry-standard peripherals that measure patient vital signs. The InscrybeMD Interactive Voice Response (IVR) service uses the latest in voice recognition technology to allow patients to answer their session questions and enter their vital signs data verbally or using the key pad from any touch tone phone. IVR is effective for patients who require a flexible, mobile solution for care plan reminders and vital signs monitoring.
With all of the Authentidate telehealth solutions, a patient’s vital signs and answers to session questions are immediately viewable on the secure web-based application by authorized care providers. Automated reminders are available for monitoring sessions, medication schedules, diets, disease specific education modules as well as follow-up physician visit reminders. These features help to increase care plan compliance, prepare patients to self-manage their disease in accordance with the care plan devised by their healthcare provider and contribute to improved overall outcomes.
“Our InscrybeMD Telehealth solutions provide Premier members with leading remote monitoring tools to support the health management and care coordination needs of their patients, so they can achieve improved outcomes and reduce hospital readmissions,” added Mr. Benjamin. “We are proud to be an authorized Premier supplier and look forward to serving their member organizations.”
About Premier, Inc.
Premier, Inc.is a leading healthcare improvement company, uniting an alliance of approximately 3,400 U.S. hospitals and 110,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services, Premier enables better care and outcomes at a lower cost. Premier, a Malcolm Baldrige National Quality Award recipient, plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare.
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.
For more information, visit www.authentidate.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, 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, Inscrybe and InscrybeMD are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.
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Brett Maas, Hayden IR, Brett@haydenir.com (646) 536-7331
Source: Authentidate Holding Corp.