BOCA RATON, FL–(Marketwire – Mar 14, 2012) – MedeFile International, Inc. (OTCQB: MDFI) (PINKSHEETS: MDFI), a leader in Internet-enabled Personal Health Record (iPHR) management solutions, and Promise Healthcare, Inc., a leading national long-term acute care (LTAC) hospital company, today jointly announced that the Companies have agreed to implement a 90-day pilot program to test and confirm the ease of use, functionality and cost benefits derived from adopting MedeFile’s premium iPHR as an integral part of its employees’ benefits package.
Kevin Hauser, Chairman, President and CEO of MedeFile, stated, “For the past year, MedeFile’s market penetration strategy has largely focused on pursuing large wholesale contracts with leading healthcare institutions, insurance companies, large self-insured employer groups, trade unions and affinity groups. Consequently, we are thrilled to have won this opportunity with Promise, and view it as a major milestone that is expected to pave the way for conducting similar MedeFile programs with other major companies and organizations with which we are in active discussions. For all intent and purposes, we believe MedeFile has reached a very critical inflexion point in our Company’s evolution and we couldn’t be more excited about our future growth prospects.”
The pilot with Promise will entail MedeFile enrolling each member of Promise’s corporate office staff on the MedeFile iPHR system. Upon successful completion of the 90-day pilot program, we anticipate Promise subsequently integrating MedeFile’s premium iPHR into its employee benefits package afforded to each of its approximate 2900 eligible employees. In addition, employees’ family members will also be entitled to enroll as MedeFile subscribers at a pre-negotiated discounted rate.
Commenting on the decision to move forward with MedeFile, Peter Baronoff, Chairman and Chief Executive Officer of Promise Healthcare, noted, “Promise has earned distinction as a national healthcare organization that makes ‘people’ our highest priority. Because we understand and appreciate the significant value of our employees and the important roles they play in delivering superior care to our patients, we strive every day to be an excellent, people-oriented, healthcare employer. If the pilot proves as successful as we expect it will, we look forward to making MedeFile the cornerstone of our employee health management strategy.”
Representing a highly innovative, yet hassle-free and easy-to-use approach to portable, personal health records management, MedeFile combines advanced digital technology and the Internet to make medical data instantly accessible to each MedeFile member and his or her authorized healthcare providers from anywhere in the world. Upon being enrolled on the MedeFile system as a Premium subscriber, the MedeFile team goes to work contacting all of the member’s present and previous care providers (including primary physicians, medical specialists and even dentists) to collect, digitize, index and store all actual medical and dental records and files, including actual EKGs, x-rays, MRIs, physician notes, lab results, etc. In addition, each member may also store copies of living wills, healthcare durable powers of attorney, parental authorizations to treat a minor, organ donor forms and other critical documents. MedeFile will automatically request updates from each member’s care providers on a quarterly basis without formal prompting from the member. However, a member can choose to update his or her MedeFile at any time with a single keystroke by simply logging onto www.MedeFile.com and clicking on “Update Records.” MedeFile does the rest.
Continuing, Baronoff added, “In the pilot, we will look to confirm that MedeFile empowers our staff to be proactive in better managing their own care and wellness by improving the quality, completeness, depth and accessibility of their health information. Moreover, considering the fact that we are a self-insured employer, we anticipate that the pilot will help to prove that adoption of MedeFile’s iPHR will help to reduce or eliminate the need for redundant or duplicate medical testing by our employees and will aid them in avoiding unnecessary doctors’ office visits. It is our supposition that these two factors, alone, will result in substantial cost savings in our Company’s overall insurance spend each year with system-wide employee adoption of MedeFile.”
In an August 2011 article published in Government Health IT, an official from storage and hardware provider EMC Corp confirmed that through employee adoption of personal health records, the Company has contained costs by about $200 million over the past ten years. According to the EMC official, PHR use has resulted in measurable improvements in its employees’ health, higher productivity and reduced costs. Moreover, employing PHR technologies, good data analytics, lifestyle coaches, remote patient monitoring, and taking all of its programs together in a holistic approach, has helped EMC to contain costs and provide good business results, including increasing shareholder value.
About Promise Healthcare, Inc.
Founded in 2003 and recognized as one of the largest LTAC hospitals in the U.S., Promise Healthcare owns and operates 15 LTAC hospitals in Arizona, California, Florida, Louisiana, Mississippi, Texas and Utah. Through its state-of-the-art facilities, Promise utilizes an interdisciplinary approach to healing and wellness in providing treatment for patients with life’s most serious illnesses and injuries. Specifically, Promise offers treatment for multi-organ failure, acute respiratory failure-vent dependent, surgical complications, congestive heart failure, post traumatic injury recovery, aspiration or bacterial pneumonia, pleural effusion, acute respiratory distress syndrome, chronic obstructive pulmonary disease, and conditions requiring respiratory or contact isolation. The Company also provides treatment for sepsis/septicemia, methicillin, vancomycin-resistant enterococcus, immunosuppressed conditions, osteomyelitis, decubitus ulcers, non-healing surgical wounds, circulatory and vascular wounds and diabetic ulcers; as well as pressure ulcers, necrotic conditions/wounds, post amputation wounds, neuromuscular disorders, neurovascular disorders, clostridium difficile infections, cellulitis, fistulas/abscesses, endocarditis, bacteremia, acute renal failure and malnutrition. In addition, Promise provides cardiopulmonary programs, inpatient behavioral health programs and clinical services and programs. For more information, please visit www.promisehealthcare.com.
About MedeFile International, Inc.
Headquartered in South Florida, MedeFile has developed and globally markets a proprietary, patient-centric, iPHR (Internet-enabled Personal Health Record) system for gathering, digitizing and organizing medical records so that individuals can have a comprehensive record of all of their medical visits. MedeFile’s primary product is its web-based MedeFile solution, a highly secure system for gathering, maintaining, accessing and sharing personal medical records. Interoperable with most electronic medical record management systems marketed to the healthcare industry, the MedeFile solution is designed to gather all of its members’ actual medical records and create a single, comprehensive Electronic Health Record (EHR) that is accessible 24 hours a day, seven days a week by the member and the member’s authorized users on any web-enabled device (PC, cell phone, smartphone, e-reader) and portable MedeDrive unit. For more information about MedeFile and its annual subscription-based programs, please visit www.medefile.com. You can also follow the Company on Facebook!
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of MedeFile could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the Company’s operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates, and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings.