Authentidate Announces Its Support for Proposed Telehealth Legislation
Extending Benefits to Nearly 75 Million Americans
BERKELEY HEIGHTS, N.J., Feb. 7, 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
its support for a proposed bill, recently introduced in Congress that provides
for the use of telehealth solutions as an alternative to in-person healthcare
services, including the delivery of patient care by physicians using
telehealth solutions across state borders.
Recently, Rep. Mike Thompson (D-Calif.) introduced a comprehensive bill to
improve Medicare and Medicaid coverage for telehealth products and services.
Thompson's proposed bill, H.R. 6719, called The Telehealth Promotion Act,
would establish a federal reimbursement policy to ensure that no medical
benefits are excluded as a result of being furnished over a telecommunications
system. This bill removes prior restrictions on the use of telehealth
solutions in place of in-person care and provides for reimbursement from
Medicare and Medicaid for such solutions. This bill is currently pending in
the relevant committees of the U.S. House of Representatives. If passed, the
bill is expected to increase access to telemedicine for patients covered by
Federal health care programs like Medicare and Medicaid, which represents
nearly 75 million Americans.
Included in the proposed bill are several new provisions that encourage the
use of telehealth solutions due to their expected benefits, including improved
patient outcomes and reduced patient care costs. One of the new provisions
allows physicians to practice medicine using telehealth products and services
across state lines without having to be licensed in both states, which is
estimated as costing physicians approximately $300 million per year, according
to the American Telemedicine Association (ATA). The bill also includes a
provision that calls for positive incentives for hospitals that reduce
readmissions. Authentidate's telehealth products and services have been
designed to enable clinicians to manage patients regardless of their location,
to help clinicians reduce emergency readmissions by keeping patients compliant
with their clinician-managed care plans and to help improve patient outcomes.
Ben Benjamin, Chief Executive Officer of Authentidate, stated, "This is an
important piece of proposed legislation that promotes the use of innovative,
cost-effective technologies in the provision of quality healthcare. It
represents a real opportunity to help contain healthcare costs without
sacrificing the quality healthcare services that Americans have come to expect
from their healthcare providers. We appreciate that Congressman Mike Thompson
has introduced this new legislation and for his persistent efforts with regard
to the practical expansion of the use of telehealth solutions to a much
broader patient population. As a leading telehealth solutions provider, we are
pleased to express our full support for this legislation and we see it as a
reasonable and cost-effective path toward improving our healthcare system."
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 at 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
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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