Authentidate to Introduce Additional Next Generation Telehealth Solutions
Products Designed to Provide Significant Technical Advantages and Cost Savings
BERKELEY HEIGHTS, N.J., Jan. 23, 2013 (GLOBE NEWSWIRE) -- 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.
For more information, visit the company's website atwww.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
Authentidate and Inscrybe are registered trademarks of Authentidate Holding
Corp. All other trade names are the property of their respective owners.
CONTACT: Investor Contacts:
Wolfe Axelrod Weinberger Assoc. LLC
(212) 370-4500; (212) 370-4505 fax
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