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Last $0.01 USD
Change Today -0.0024 / -18.46%
Volume 293.5K
As of 2:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

alr technologies inc (ALRT) Snapshot

Open
$0.01
Previous Close
$0.01
Day High
$0.01
Day Low
$0.01
52 Week High
10/20/14 - $0.06
52 Week Low
04/15/15 - $0.0051
Market Cap
2.6M
Average Volume 10 Days
192.2K
EPS TTM
$-0.03
Shares Outstanding
242.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ALR TECHNOLOGIES INC (ALRT)

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alr technologies inc (ALRT) Details

ALR Technologies Inc., a development stage company, is engaged in the development of compliance monitoring systems that would enable health care professionals to monitor patient health conditions and provide patient health management in the United States. The company conducts its operations through the Medical Devices segment. Its principal product includes the Health-e-Connect System, which includes a communications software platform and enables health professionals to monitor the health progress primarily relating to patients with diabetes. The company intends to market its products principally to the providers of health insurance; and the providers of disease and case management services, including the home care industry. It was formerly known as Mo Betta Corp. and changed its name to ALR Technologies Inc. in December 1998. ALR Technologies Inc. was founded in 1987 and is headquartered in Richmond, Virginia.

1 Employees
Last Reported Date: 03/31/15
Founded in 1987

alr technologies inc (ALRT) Top Compensated Officers

Chairman, Chief Executive Officer, Chief Fina...
Total Annual Compensation: $180.0K
President, Director and Member of Disclosure ...
Total Annual Compensation: $126.0K
Compensation as of Fiscal Year 2013.

alr technologies inc (ALRT) Key Developments

ALR Technologies Signs First Revenue-Generating Contract

ALR Technologies Inc. announced that Clay-Platte Family Medicine Clinic has signed a contract with ALRT to improve diabetes health outcomes using the Health-e-Connect remote chronic care management system. This is the first commercial deployment of the Health-e-Connect system and a significant expansion of ALRT's operations. Under the terms of the contract, Clay-Platte Family Medicine Clinic's nearly 3,400 diabetes patients will be eligible to be enrolled in the Health-e-Connect system and ALRT will be paid a per-patient-per-month fee. Health-e-Connect remotely monitors patient blood-glucose levels and alerts physicians when those levels are trending out of established protocols. In a clinical trial, Internet-based Blood Glucose Monitoring Systems were associated with a reduction in average A1c levels from 8.8% to 7.6% over a six-month period.

ALR Technologies Inc. Seeks FDA Approval for Insulin Dose Adjustment Feature for Better Diabetes Management

ALR Technologies Inc. announced the submission of a 510(k) application to the U.S. Food and Drug Administration (FDA) for an innovative new addition to the Health-e-Connect system that will help busy physicians avoid common insulin dosing errors and remotely manage large populations of patients with diabetes without sacrificing the quality of care. A first-in-class technology, the Insulin Dose Adjustment Consultation (IDAC) feature from ALRT uses an algorithm-- based on the guidelines of the American Association of Clinical Endocrinologists (AACE) -- to advise doctors instantly on the proper dose of insulin for each patient. The algorithm takes into account the current insulin dosage, the patient's height and weight, and a review of blood glucose data from the patient's glucose meter to efficiently deliver accurate dosing recommendations. With FDA 510(k) clearance, IDAC will become an important addition to the Health-e-Connect remote diabetes care management system.

ALR Technologies Inc. Begins Enrolling Patients in Kansas City

ALR Technologies Inc. announced the first large-scale commercial deployment of Health-e-Connect. A team from ALRT and the Kansas City Metropolitan Physician Association (KCMPA) began enrolling patients with Type 2 diabetes and A1c levels above 8% in a trial of the Health-e-Connect system. The enrollment is an innovative diabetes management component of KCMPA's Quality Improvement Plan designed to achieve lower A1c scores for some of KCMPA's most challenging patients. The goal of the program is to demonstrate the ability of Health-e-Connect to improve treatment adherence and health outcomes for patients, and enable physicians to intensively manage large populations of diabetes patients remotely. Health-e-Connect could also become a revenue generator for KCMPA and ALRT if the Centers for Medicare and Medicaid Services (CMS) adopts its proposed payment schedule for remote chronic care management. Under the proposed rule, physicians would be reimbursed by CMS for 20 minutes of remote chronic care management each month beginning January 1, 2015.

 

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