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Biometrics Limits Abuse while Improving Convenience
Date:1/29/2013

HOLLYWOOD, Calif., Jan. 29, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), announced that they offer solutions to major pharmaceutical chains like Walgreen's and Rite Aid that are designed to streamline operations, reduce customer wait times, and increase the number of prescription medicines that can be dispensed at any given time.

The Lockbox Rx™ is a proprietary system developed by Medbox that allows customers to pick up their medications at their local pharmacy, quickly and conveniently, 24-hours a day, from a specially designed storage kiosk that is loaded by the pharmacist for later retrieval by the consumer.

The biometric technology that has made Medbox the preferred system of choice in several markets throughout the healthcare industry, has now been written into legislation in the State of New York as a requirement to improve patient identification and combat Medicaid fraud. The legislation reads in part, "(The bill) establishes the 'Medicaid identification and anti-fraud biometric technology program,' requiring the department of health, in consultation with the office of the Medicaid Inspector General and the Office of the Attorney General to implement a program requiring the use of biometric technology, in the form of palm scanners, as a means of identification and anti-fraud in the Medicaid program."

According to state officials, New York will spend over $54 billion this year on Medicaid and about 10 percent or $5.4 billion will be on fraudulent charges. This new legislation would implement biometric technology to end this wasteful abuse. Medicaid patients would receive Identification cards containing coded and encrypted biometric markers. Checkups would always begin and end with the card being scanned. Physician offices, facilities, and pharmacies would also scan patients
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SOURCE Medbox, Inc.
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