Trac Medical, Entrust Reach Agreement to Drive Security in Healthcare Transactions.
Trac Medical Solutions, Inc. (NASDAQ: ADAT):
- Digital Signatures to Converge with Internet-Based
Medical Forms in HIPAA-Compliant Solution -
Trac Medical Solutions, Inc., a subsidiary of AuthentiDate Holding Corp. (NASDAQ: ADAT), and Entrust, Inc. (NASDAQ: ENTU), a leading global provider of Internet security solutions and services, today announced an agreement to combine Entrust's advanced digital signature technology with Trac Medical's secure, Web-based medical forms processing solution.
The agreement enables Trac Medical to combine the two companies' complementary Internet security technologies in a drive to create new solutions that help safeguard against fraud as healthcare transactions migrate to the Web, while complying with information privacy requirements of the U.S. government's Healthcare Information Portability and Accountability Act (HIPAA). These new offerings also promise to help speed claims payment for medical equipment suppliers, particularly within the Medicare program, and cut administrative costs for healthcare providers.
"By delivering enhanced Internet security and privacy, our work with Trac Medical will further the growth in healthcare transactions over the Web," said Mark Davis, Entrust chief marketing officer. "Customers are demanding deeper access and faster processing of information. This solution demonstrates how innovative Entrust technology helps unlock operational efficiencies in critical business processes to help improve return on investment."
Under the agreement, Trac Medical has purchased licenses for Entrust TruePass software. The company will integrate this software with CareCert(TM), its new, secure, Internet-based solution for processing Certificates of Medical Necessity (CMN's) and other healthcare forms online. It will issue Entrust TruePass digital identities to all physicians participating in forms transactions processed through CareCert, verifying their respective identities and medical credentials.
Verification of Identity and Content Integrity
The Entrust TruePass solution complements CareCert's existing security infrastructure. This technical foundation already includes AuthentiDate(TM) technology, which proves the integrity and authenticity of content within electronic forms.
When deployed together, the AuthentiDate and Entrust TruePass technologies create an audit trail for every form and transaction managed within the CareCert solution. As a result, medical suppliers and care providers can store their forms electronically and eliminate huge volumes of paper files, while still complying with government regulations.
"The Entrust solution completes an essential part of the technology portfolio necessary to deliver the access and data security required by government organizations such as the Centers for Medicare and Medicaid Services," added Jeffrey Frankel, Trac Medical's president. "Entrust TruePass, with its digital signature capabilities, in tandem with AuthentiDate, creates a highly impenetrable `electronic barrier' that helps prevent fraud."
Entrust TruePass is designed to deliver simple and comprehensive electronic credentialing with minimal end-user "hassle." The offering helps make it possible to confirm the credentials of physicians participating in online transactions using digital signatures that provide a verifiable record for dispute resolution. The technology also provides a true roaming capability, so that physician users are not restricted to completing forms from one designated client-side desktop computer.
Trac Medical's CareCert employs Internet and security technologies from AuthentiDate, Inc., another subsidiary of AuthentiDate Holding Corporation, delivered through an Application Service Provider (ASP) model where the electronic forms reside on Trac Medical's secure servers. These forms are accessed and completed by medical suppliers and healthcare providers via a standard secure Web browser.
About AuthentiDate Holding Corp.
AuthentiDate Holding Corp. (AHC) 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 a complete line of proprietary document imaging products. AuthentiDate and AuthentiDate AG provide the authentication 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 centered around technology systems integration projects, staff augmentation, out-tasking, outsourcing services and resells computer related products. Trac Medical uses the AuthentiDate service in the medical supply business.
About Entrust, Inc.
Entrust, Inc. is a leading global provider of Internet security solutions and services that make it safer to do business and complete transactions over the Internet. Entrust has the industry's broadest set of identification, entitlements, verification, privacy and security management capabilities. Over 1,500 major corporations, service providers, financial institutions and government agencies in more than 40 countries use the privacy, security and trust provided through Entrust's portfolio of award-winning technologies.
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.
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|Date:||Jun 25, 2002|
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