instaCare Corp. Comments on Recent Significant News Concerning the Efficacy of Cost Saving Wireless Technologies in Healthcare
13 September 2005 - 4:15PM
PR Newswire (US)
Company Plans to Extend the Focus of Its Wireless Technologies
Beyond the Scope of Its Pharmaceutical Business NEW YORK, Sept. 13
/PRNewswire-FirstCall/ -- instaCare Corp., (OTC:INCA) (BULLETIN
BOARD: INCA) a leading Wi-Fi PDA technology provider to the lodging
and satellite media industries, the developer of patent-pending
technologies for e-health and EMR applications and the distributor
of life-saving prescription drugs, today provided additional
details of its proprietary e-health technology portfolio, including
information on how the Company's digital, wireless, data collection
and analysis capabilities that could significantly contribute to
ongoing industry-wide efforts to streamline processes and reduce
expenses. "The need for an infusion of technological precision into
an unwieldy, complex and expensive system has never been greater,"
commented Robert Cox, CEO of instaCare Corp. "The marriage of our
wireless technology, software development expertise and drug
delivery centralization and automation will provide a solid impetus
to remove inefficiencies and streamline the system. The
opportunities for cost savings are substantial, and the
first-to-market status will provide meaningful opportunities for
instaCare to benefit from what is a growing an important
industry-wide trend." As discussed in a column recently on MSNBC,
(http://www.msnbc.msn.com/id/9274039/), "most doctors and hospitals
still work in the buggy-whip era of information technology,
dependent on pen, paper and manila folders ... By now, if you
belong to a frequent shopper club, your grocery store almost
certainly has far more computerized data about you than does your
doctor ... The National Coordinator for Health Information
Technology estimates that simply by using electronic health records
we could save between 7.5 percent and 30 percent of the $1.6
trillion dollars now spent annually on healthcare." Utilizing
instaCare's technology and associated software, doctors will be
able to swiftly manage prescriptions, patient records, and
appointments online and via wireless handheld devices, accelerating
processing of data, eliminating record-related issues and mistakes
and complying with state and federal laws, including HIPAA (Health
Information Portability and Accountability Act), as well as other
regulatory factors. The Company's sophisticated software enables
access to a physician's Web site to make an appointment, as well as
secure messaging system to access test results and send pre- or
post-visit questions. The Company is also designing solutions to
preserve secure access to medical records online. The Company's
most profound contribution to improved efficiency in the medical
industry is related to e-prescribing technologies. Doctors will be
able to wirelessly prescribe medicines for patients, in a secure,
paper-free system, sending the prescription to a retail pharmacy
warehouse which will immediately deliver the medicine to the
patient's home or office. This will facilitate rapid and accurate
drug interaction checks, ensuring the patient receives the right
medication for their situation, avoids allergic reactions or
potentially hazardous drug-to-drug interactions. Additionally,
doctors who have patients seeing multiple physicians will be able
to immediately review what other doctors are prescribing and other
medicines the patient may be ingesting, providing instant feedback
on the patient's overall therapy. Doctors will also be able to
order lab tests on handheld devices or desktop computers. The
ability to utilize hand-held computer-based devices will eliminate
misreadings due to poor handwriting or human error. Robert Cox,
instaCare's chief executive officer, concluded, "For decades, the
medical industry has been slow to adopt new technologies, and
inefficiencies have led to increased expenses, processing errors
and mistakes related to poor data collection practices. Even if the
low end of this cost savings example were to put into place, the
average American family could save $1800.00 per year in health
insurance premiums. We stand prepared to significantly change this
paradigm." Forward Looking Statements Disclaimer: This release
contains forward-looking statements about our business or financial
condition that reflect our assumptions and beliefs based on
information currently available. We can give no assurance that the
expectations indicated by such forward-looking statements will be
realized. There may be other risks and circumstances that we are
unable to predict. When used in this release, words such as
"believes," "expects," "forecasts," "intends," "projects," "plans,"
"anticipates," "estimates" and similar expressions are intended to
identify forward-looking statements, although there may be certain
statements not accompanied by such expressions. Statements, which
are not historical facts, are forward-looking statements. Factors
which could cause actual results to differ materially from those
estimated by the company include, but are not limited to,
government regulation; managing and maintaining growth; the effect
of adverse publicity; litigation; competition; and other factors
which may be identified from time to time in the company's public
announcements. For further information, please contact: Lisa
Lindberg, Lippert Heilshorn and Associates, (212) 838-3777 or Carla
Hintz, The Wells Group, (480) 391-7400, or visit the company's Web
Site: http://www.instacare.net/. DATASOURCE: instaCare Corp.
CONTACT: Lisa Lindberg of Lippert Heilshorn and Associates,
+1-212-838-3777, for instaCare Corp.; or Carla Hintz of The Wells
Group, +1-480-391-7400, for instaCare Corp. Web site:
http://www.msnbc.msn.com/id/9274039 Web site:
http://www.instacare.net/
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