Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

AuthentiDate Announces New Forms Processing Solution.


Business Editors/High-Tech Writers

SCHENECTADY, N.Y.--(BUSINESS WIRE)--July 30, 2003

AuthentiDate Holding Corp. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: ADAT (Alesis Digital Audio Tape) A digital audio recording technology from Alesis, LLC, Cumberland, RI (www.alesis.com). In 1992, Alesis introduced the first 8-track digital tape recording system. ) announced today that its healthcare subsidiary, Trac Medical Solutions, Inc., has begun offering an electronic "Written Order" solution and has added new features to their service.

Known also as a Written Confirmation of Verbal Orders (WCVO or simply a "Written Order"), a Written Order is required for reimbursement for a multitude of healthcare products, including diabetic and Continuous Positive Airway Pressure continuous positive airway pressure
n.
Abbr. CPAP A technique of respiratory therapy for individuals breathing with or without mechanical assistance in which airway pressure is maintained above atmospheric pressure throughout the
 (CPAP CPAP
abbr.
continuous positive airway pressure


Continuous positive airway pressure (CPAP)
A ventilation device that blows a gentle stream of air into the nose during sleep to keep the airway open.
) products, as well as numerous other items where Medicare does not have a formal Certificate of Medical Necessity (CMN CMN Common
CMN Children's Miracle Network (since 1983; Salt Lake City, Utah)
CMN Certificate of Medical Necessity
CMN Canadian Museum of Nature
CMN Community Mapping Network
CMN Common Information
) designated to a particular service. The electronic Written Order functions similarly to Trac Medical's electronic CMN, which is currently used by a growing number of HME HME Home Medical Equipment
HME Home Media Engine (TiVo)
HME Heat and Moisture Exchange
HME Hierarchical Mixtures-of-Experts
HME Happy Meal Ethernet (UNIX driver)
HME Honeymoon Experience
 providers around the country, including American Home For the American mortgage lender, see .
The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students.
 Patient, the nation's fourth largest supplier. Management of Trac Medical estimates that over 50 million Durable Medical Equipment Durable medical equipment is a term of art used to describe certain Medicare benefits, that is, whether Medicare may pay for the item. The item is defined by Title XVIII the Social Security Act:

 (DME (Distributed Management Environment) A network monitoring and control protocol defined by the Open Software Foundation (now The Open Group). DME was not widely used.

DME - Distributed Management Environment
) claims were processed by Medicare during the twelve month period from October, 2001 to September, 2002.

In addition, Trac Medical has added a custom cover letter and e-Post-it-Note features to it's service offering for both the CMN and written order functions. The custom cover letter allows medical equipment suppliers the ability to customize cover letters which accompany each CMN. The e-Post-it-Note allows suppliers the ability to electronically communicate with their physicians by adding a secure annotation prior to routing a form.

"With these new features, TracMed continues to provide added benefits to our customers," said Jeffrey Frankel, President of Trac Medical Solutions. "Many of our current customers have already expressed a strong interest in these new features and we believe it allows us to meet those needs, continue to help reduce their costs and improve the collection of their accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying ."

About AuthentiDate Holding Corp.

AuthentiDate Holding Corp. (AHC AHC Appalachian Hardwood Center
AHC American Heritage Center (University of Wyoming, Laramie, WY)
AHC American Horse Council
AHC Association for History and Computing
AHC Australian Heritage Commission
AHC Assault Helicopter Company
) is the holding company of five business units: DocSTAR, AuthentiDate International AG, AuthentiDate, Inc., DJS Marketing Group/Computer Professionals International and Trac Medical Solutions, Inc. AuthentiDate and AuthentiDate AG provide the authentication of digital data through its proprietary and patent pending technology. AuthentiDate is establishing itself as the authority on "content security," a growing sector of the electronic network security infrastructure market. Trac Medical uses the AuthentiDate service to improve speed, accuracy and security in processing medical forms. These three business units comprise the AuthentiDate Segment for financial reporting purposes. DocSTAR sells a complete line of document imaging products and DJS delivers professional services centered on systems integration projects, staff augmentation, out-tasking and outsourcing services, and resells computer related products.

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 be achieved.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 30, 2003
Words:615
Previous Article:MySQL and SGI Partner to Deliver High Performance Database Computing with MySQL on the SGI Altix 3000 Supercluster.
Next Article:HCC Schedules Second Quarter 2003 Earnings Release and Conference Call.



Related Articles
Trac Medical, Entrust Reach Agreement to Drive Security in Healthcare Transactions.
AuthentiDate Digital Signature Solution for Electronic Billing Implemented by T-Mobile.
Trac Medical Continues Penetration of Medical Forms Market, Signs Five New Customers to Use Its Internet-Based Solution.
Germany's Third Largest Health Insurance Corporation Implements AuthentiDate's Scan Signature Solution.
AuthentiDate Announces Agreement with German IS KV for Implementation of Standardized Scan Signature Solution.
AuthentiDate Implements Signature Solution At The German Federal Ministry of Economics and Labour - BMWA.
AuthentiDate Holding Corp. and HealthFusion, Inc. to Partner to Help Physicians Save Administrative Time and Money.
AuthentiDate Holding Corp. and HealthFusion, Inc. Complete Agreement to Help Physicians Maximize Time with Patients and Reduce Administrative Costs.
AuthentiDate Holding Corp. Announces New Contract to Implement TracMed's CareCert Electronic Forms Solution.
South Carolina Department of Health and Human Services Signs Memorandum of Understanding with AuthentiDate Holding Corp.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles