MAY 6, 2014
Andover, MA and Berkeley Heights, NJ
Yankee Alliance, a leading healthcare group purchasing organization, and Authentidate Holding Corp. (Nasdaq: ADAT), a national provider of secure web-based software applications and telehealth products and services, today announce that Yankee Alliance has awarded Authentidate® two contracts for its Telehealth and Hospital Discharge Solutions.
The new contract will enable Authentidate to offer InscrybeMD® Telehealth solutions to Yankee Alliance’s membership and will focus on providing them with a solution to address the Affordable Care Act’s 30 day re-admission rule. The rule imposes substantial reimbursement penalties on hospitals that have an above average percentage of patients with specific medical conditions who are readmitted within 30 days of their initial discharge.
InscrybeMD Telehealth includes interactive voice recognition services and remote patient monitoring which allow patients to enjoy their daily routines while transmitting critical medical data to healthcare providers. Automated reminders increase patients’ compliance with care plans, diets, medication schedules and follow-up physician visits. These solutions are designed for patients who require ongoing management of chronic diseases, as well as a number of other patient illnesses and behavioral health conditions.
Yankee Alliance also awarded a contract to Authentidate for its Inscrybe® Discharge Solution which is designed to significantly increase the efficiency of the patient discharge and post acute care placement process at hospitals. The system converts a manual, hours-long procedure, which traditionally involves the management of multiple paper files, phone-calls, faxes and related delays, to an automated on-line, electronic process. Using the Inscrybe Discharge Solution, case managers can efficiently and rapidly locate the perfect facility for post discharge placement. For patients being discharged to their homes but need home medical equipment or in-home care, the system places the referral for the required equipment or services. Hospitals can expect to experience a meaningful improvement in patient satisfaction and the overall quality of patient care when they utilize the Inscrybe Discharge Solution.
“Authentidate is a nationally recognized provider of telehealth and discharge solutions with a proven track-record of helping hospitals to drive greater efficiencies and reduce costs. We couldn’t be more pleased to be partnering with them to provide their solutions to our member facilities,” commented Craig Shoukimas, Yankee Alliance’s Vice President – Contracting.
Ben Benjamin, Chief Executive Officer and President of Authentidate said, “We look forward to working with Yankee Alliance members to reduce overhead cost, hospital readmissions and improve patient outcomes with our proprietary solutions. Authentidate’s healthcare solutions are designed to improve the continuity of care for patients outside of the acute care setting and facilitate better care coordination for patients. We are confident that our InscrybeMD Telehealth and Inscrybe Hospital Discharge solutions will help their members significantly.”
About Authentidate Holding Corp.
Authentidate Holding Corp. (Nasdaq: ADAT) 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. Authentidate, Inscrybe and InscrybeMD are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners. For more information, visit the company’s website at www.authentidate.com
About Yankee Alliance
Yankee Alliance, an owner of Premier Inc., is a group purchasing organization founded in 1984 on a belief in collaboration, that working together can achieve more than working alone. Its mission is twofold: to work with members to reduce supply and operating expenses through aggregation of data, purchasing, ideas and knowledge and to excel in strategic innovations that continually assist members in reducing their cost while recognizing their individual needs. Today, Yankee Alliance remains true to the foundational belief in collaboration and has grown to over 15,700 members in all classes of trades across all 50 states. For more information visit www.yankeealliance.com
For more information, please contact; Jason Bond, Director of Marketing, Yankee Alliance, 978-470-2000 or at firstname.lastname@example.org.
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.
Media Contacts: Peter Seltzberg, Hayden IR, email@example.com (646) 415-8972
Brett Maas, Hayden IR, Brett@haydenir.com (646) 536-7331
Source: Authentidate Holding Corp.