The Department of Veterans Affairs Extends Authentidate's Home Telehealth
Devices and Services Contract
BERKELEY HEIGHTS, N.J., May 15, 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 the Department of Veterans Affairs (VA) has exercised their second option
to extend the term of the contract for Home Telehealth Devices and Services
with Authentidate. The term of this option year begins May 15, 2013 and
extends the contract to May 31, 2014. The base contract also includes two
additional one-year options to extend the contract beyond this term.
VA facilities throughout the country can utilize Authentidate's Electronic
House Call™ (EHC) vital signs monitoring device and service and its
Interactive Voice Response (IVR) system to remotely monitor patients and
enhance patient care for Veterans on the Care Coordination Home Telehealth
(CCHT) program. The program is designed to improve overall patient health
outcomes, reduce hospital readmissions and emergency hospital and doctor
Clinicians use the EHC or the IVR solution to remotely monitor their patients'
vital signs and gather qualitative information about their patients' health to
supplement in-person visits and help improve patient compliance with their
care plans. Clinicians can review their patients' remote monitoring session
results securely using Authentidate'sweb-basedapplication and
remotelymanage or adjust their patients' care plans, medication reminders and
related information.Clinicians can also use the web-based application to
provide disease-specific education to their patients in real-time through the
EHC or IVR solutions.
Ben Benjamin, Chief Executive Officer at Authentidate commented, "We are
pleased that the VA has extended the term of our contract and we continue to
work closely with the VA to support their efforts to provide the best possible
care for our Veterans and their families. We believe that the increasing use
of our EHC and IVR solutions at a growing number of VA locations along with
this contract extension reflect positively on our progress in the CCHT
program. We believe that Authentidate is one of only two vendors contracted to
provide IVR in the CCHT program and we are gratified to see the increasing use
of our product by the VA. We are proud to provide our services to this
important customer and we look forward to serving their needs with our
innovative telehealth solutions."
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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