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AuthentiDate Holding Corp. and HealthFusion, Inc. to Partner to Help Physicians Save Administrative Time and Money.


SCHENECTADY, N.Y. -- AuthentiDate's Trac Medical Solutions to extend CareCert(TM) to physician community

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. ) today announced that it has entered into a financial letter of intent with HealthFusion(R), Inc. of San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA in an effort to extend the reach of one of AuthentiDate's subsidiaries, Trac Medical Solutions, Inc. (TracMed). HealthFusion is a healthcare applications company that provides online real-time eligibility, referrals and other verification of benefits as well as electronic claims submission and payment for physicians and insurance providers through Web-enabled computing computing - computer  products and communications services.

Under the terms of the letter of intent, AuthentiDate will invest $750,000 in HealthFusion and will have the option to invest a minimum of an additional $750,000 within six months provided Health Fusion achieves certain financial or other metric objectives. Once $1.5 million is fully invested, AuthentiDate will own 7.3 percent of HealthFusion.

Currently more than 19,000 physicians and other healthcare personnel have registered with HealthFusion that enables physicians and hospitals to handle various administration tasks by automating key day-to-day activities in seconds using a standard computer with access to the Internet. The HealthFusion suite of products allows providers to exchange information with health plans such as Aetna, which has a nationwide network of more than 633,000 health care professionals. Upon completing the transactions, physicians using HealthFusion will have access to TracMed's offerings.

AuthentiDate's investment is subject to customary closing conditions, including the completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  and the negotiation and execution of a definitive agreement. In addition, AuthentiDate's obligations are subject to HealthFusion and TracMed entering into a separate agreement to integrate and co-market their products.

Upon TracMed and HealthFusion finalizing their agreement, TracMed will have access to HealthFusion's system and software, which ultimately provides registered physicians with a more cost-effective and time-efficient way to handle a variety of administrative functions. Backed by the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval (R) Electronic Postmark(R), TracMed's CareCert is an innovative, Web-based solution that automates and speeds the process of securing and credentialing electronic healthcare forms and is fully HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health,  compliant. CareCert is the home medical equipment industry standard for processing electronic Certificates of Medical Necessity (eCMNs) and Written Orders.

"This relationship will enable physicians using HealthFusion to further enhance their ability to save time and administrative costs administrative costs,
n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided.
 as a result of our agreement with AuthentiDate and TracMed," said Joseph A. Walsh, Executive Vice President and Director of Provider Networking, HealthFusion. "We see this as an opportunity to extend our reach within the healthcare industry and develop a more significant relationship with AuthentiDate."

"AuthentiDate's investment in HealthFusion will strengthen TracMed's commitment to providing efficient and innovative alternatives to forms processing for the healthcare industry," said John Botti Raphael Jose Botti (born February 23, 1981) simply known as Botti, is a Brazilian professional footballer. He plays as a midfilder for Vissel Kobe.

Botti is a hard-working and talented player who may not get on the scoresheet too often – just 14 times in his five years
, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , AuthentiDate. "We seek to further extend our offering to thousands of physicians throughout the country and provide them with an easier and more efficient alternative to the traditional time-intensive paper process, enabling doctors to spend more time where they are needed the most - with their patients."

Additional information about Trac Medical's CareCert technology and the eCMN solution is available at www.tracmed.com.

About HealthFusion

HealthFusion is a healthcare communication services and applications company dedicated to connecting healthcare industry participants in the United States. The Company facilitates online real-time information exchange between healthcare insurers and health maintenance organizations (commonly referred to collectively as "payers"), physicians, physician organizations, hospitals, surgery centers, and medical billing companies (commonly referred to collectively as "providers"), thereby reducing administrative costs involved in transferring healthcare information. The Company also facilitates data exchange in batch format, performing a clearinghouse claims function. The Company develops and distributes products and services to assist healthcare industry participants to reduce healthcare expenditures, enhance workflow, and improve the quality of patient care. For more information: www.HealthFusion.com, Joseph Walsh Joseph Walsh, a Representative from Massachusetts was born in Boston (Brighton), Mass on December 16, 1875. He attended public schools in Falmouth, Mass. and eventually the Boston University School of Law.  (215) 393-4731.

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. DocStar sells proprietary document imaging software that includes the AuthentiDate technology. AuthentiDate and AuthentiDate AG provide the authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.

(2) Verifying the identity of a user logging into a network.
 of digital data through its proprietary and patent pending technology. AuthentiDate intends to establish itself as the authority on "content security" as it is a growing sector of the electronic network security infrastructure market. DJS delivers professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products.  centered around technology systems integration projects, staff augmentation AUGMENTATION, old English law. The name of a court erected by Henry VIII., which was invested with the power of determining suits and controversies relating to monasteries and abbey lands. , out-tasking, outsourcing services and resells computer related products. Trac Medical offers an electronic form processing solution and utilizes the AuthentiDate technology to prove the authenticity of the content represented in completed healthcare forms.

This press release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 7, 2004
Words:961
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