Company Founder, Chairman and CEO Also Points Out Fundamental Flaw That May
Undermine Proposed Plans to Achieve this Objective
CEDAR KNOLLS, N.J., Feb. 4 /PRNewswire-FirstCall/ -- MedeFile International, Inc. (OTC Bulletin Board: MDFI), a company specializing in portable electronic medical records management solutions, today formally applauded U.S. Presidential hopefuls for their nearly unanimous support for the adoption of electronic medical records (EMR) to aid in reforming the U.S. healthcare system.
"For the last decade, MedeFile has been working diligently to be a part of the solution to our national healthcare crisis, a crisis driven in part by runaway costs embedded in all levels of the U.S. healthcare delivery system," stated Milton Hauser, founder, Chairman and CEO of MedeFile International. "It comes as no surprise that healthcare reform is once again a central platform issue in yet another U.S. Presidential election. However, it is very exciting and gratifying to see that the prevailing slate of candidates for both parties have acknowledged the potentially profound role that EMR solutions can play in achieving significant cost savings across the care continuum while also materially improving the quality of patient care.
"During the recent nationally televised Democratic Debate in California between Barrack Obama and Hillary Clinton, Clinton spoke of inaugurating her proposed reforms for taxes and healthcare with electronic medical records, specifically citing the 2005 study by Rand Corporation which determined that 'America's healthcare system could save more than $81 billion annually and improve the quality of care if it were to adopt computerized medical records.' The study, considered to be the most detailed analysis ever conducted of the potential benefits of electronic medical records, also noted that if IT impacted the nation's healthcare system as much as it impacted the wholesale and retail industry -- savings could be as high as $346 billion annually -- over 15 percent of health care spending," said Hauser.
Continuing, he noted, "According to Obama's web site, if elected, he will invest $10 billion a year over the next five years to move the U.S. health care system to broad adoption of standards-based electronic health information systems, including electronic health records, and will phase in requirements for full implementation of health IT. Republican candidate John McCain emphasizes the need to promote rapid deployment of 21st century information systems, and opponent Mitt Romney agrees, proposing to use federal incentives to foster more widespread adoption of medical records technology.
"Although this vigorous vocal support for EMR management from our nation's leaders is particularly validating for MedeFile, we maintain a belief that there is a fundamental flaw in these candidates' plans to achieve system-wide adoption of the technology. The current Bush Administration also recognized the value in computerizing medical records, mandating that a standards-based electronic medical record system be in place nationwide by 2011. However, medical practitioners, hospitals and other healthcare providers have been slow to embrace EMR solutions, and are much less likely to rush to comply with government mandates -- not in our opinion because of the complexity and costs involved with deploying these systems, but rather because of the lost income that will result from their deployment.
"It is MedeFile's contention and core business tenet that only by empowering patients with the responsibility of managing their own lifetime of health and medical records can positive change be achieved. Until now, medical records have been largely inaccessible to the public. Many people still consider medical records to be the property of the doctors and hospitals that produce them. In fact, these providers largely control that information, but only as custodians -- the information is the property of the patient, and should be accessible on demand," Hauser stated.
"In the past, patients may have been treated by a generalist over an extended period of time. Since care was centralized, the need for extended recordkeeping and record management was diminished. But, that is no longer true," contends Hauser. "Presently, care is distributed among many diverse practitioners for very small segments of time, providing little to no patient- doctor continuity, and establishing the need for patients to control, carry and deliver their actual medical information about them in order to assure the best possible care.
"Several companies in the private sector have begun offering Personal Health Record (PHR) systems that allow patients to store their own information by filling out extended medical questionnaires, and then offering access to the information provided back to the patient on demand. Corporations such as Intel Corp., Wal-Mart Stores, Inc. and Pitney Bowes have announced that they will finance the development of a web-based PHR for their collective 2.5 million employees, dependents and retirees. While this approach may constitute a good beginning, and is similar in concept to MedeFile's basic Digital Health Profile (DHP), it is no substitute for the availability of the actual medical records as authored by the patient's healthcare providers. Patient-provided information does not approach the veracity, completeness or precision necessary to be utilized by healthcare providers directly, which is why MedeFile has chosen to develop a unique patient-centric solution that has carefully considered and squarely addresses the informational needs of the full continuum of healthcare."
Concluding, Hauser stated, "Again, we applaud each Presidential contender for the attention they are collectively focusing on this important issue and for recognizing the value and promise of electronic medical record management solutions. MedeFile looks forward to playing a meaningful role in teaming with our nation's government, business leaders, medical industry constituents and citizens to help revolutionize the U.S. healthcare system and optimize patient care."
About MedeFile International, Inc.
MedeFile has developed a proprietary system for gathering and digitizing medical records so that individuals can have access to a comprehensive set of their medical records. MedeFile's primary product is the MedeFile system, a highly secure system for gathering and maintaining medical records. The MedeFile system is designed to gather all of its members' actual medical records and create a single resource that is accessible 24 hours a day, seven days a week.
Representing an advanced, yet easy-to-use, approach to portable, electronic medical records management, MedeFile combines state-of-the-art technology and the Internet to make medical data instantly accessible to each MedeFile subscriber and his or her authorized healthcare providers from anywhere in the world. In addition to accessing one's medical records through MedeFile's secure Internet portal found at http://www.MedeFile.com, members can carry their entire medical history and emergency information wherever they go on a unique device called a MedeDrive -- a proprietary USB drive designed to be carried on a keychain. The MedeDrive plugs into any USB port of a Windows- based PC; and because MedeDrive automatically loads its own viewer, users do not require any special programs or software to view data. MedeMobile provides on-the-go subscribers with the ability to enjoy even greater flexibility and access to their personal health information wherever and whenever they need it.
For more information about MedeFile and the MedeFile system, visit http://www.medefile.com.
Safe Harbor Statement Under the Private Securities Litigation 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
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FOR MORE MEDEFILE INFORMATION, PLEASE CONTACT:
Elite Financial Communications Group, LLC/Elite Media Group
Dodi Handy, President and CEO, or Daniel Conway, Chief Strategist
407-585-1080 or via email at firstname.lastname@example.org
|SOURCE MedeFile International, Inc.|
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