American HomePatient to Deploy Authentidate’s CareFax™ Application to Support Reimbursement Processes
New Application Streamlines Fax-Based Work Flow, Lowers Costs and Enhances Compliance
SCHENECTADY, N.Y.
Dec 07, 2005
Authentidate Holding Corp. (Nasdaq: ADAT) today announced that American HomePatient, Inc., one of the nation's largest Home Medical Equipment providers, has selected Authentidate’s CareFax(TM) fax application for use in its billing centers. Installation is expected to begin in the first calendar quarter of 2006.
CareFax is a web-based, HIPAA-compliant application that allows enterprises to address cost and compliance issues associated with fax-based document processing in the healthcare sector. While enabling automation of fax-intensive workflows, CareFax also provides for authentication of paper- based content to enhance regulatory compliance and internal controls.
Doug Gouy, Senior Vice President of Revenue Management at American HomePatient, said, "CareFax addresses our strategic goal of lowering the operating costs associated with processing documentation required to support revenue, particularly orders reimbursed by Medicare. CareFax reduces the potential for errors and reprocessing that is typical of fax handling, while allowing us to work seamlessly with physicians' existing processes."
Cleaster Ewing, Senior Vice President for Compliance at American HomePatient, added, "The built-in content authentication and verification capabilities of CareFax enormously benefit compliance procedures generally, and are features currently not provided by any other fax-server solution. These features allow us to improve compliance in a simple and efficient manner."
"We are very pleased that American HomePatient has decided to adopt CareFax," said Suren Pai, President and CEO of Authentidate Holding Corp. "More broadly, the positive market reaction to CareFax validates our strategy of targeting highly regulated industries with applications incorporating the USPS EPM. We are optimistic that the unique solution that CareFax offers healthcare providers, payors and suppliers will help Authentidate stake out a leadership position in the fax authentication space."
About CareFax
Introduced by Authentidate in October 2005, CareFax enables healthcare organizations, such as medical equipment or service providers and insurance payors, to automate the work flow associated with the creation, sending, receiving and handling of faxed documents in a secure and efficient manner. CareFax offers electronic forms management capability to fax senders to minimize data entry errors, while continuing to enable fax recipients to work within their paper-based work flows. The solution also provides for automatic authentication of faxed content and incorporates the USPS(R) Electronic Postmark(R) Service (USPS(R) EPM(R)) to improve the auditability, verification and non-repudiation of the information flow. In combination, these features allow for significant reduction in the cost of adhering to compliance policies and procedures, such as for Medicare and state Medicaid agencies.
About Authentidate Holding Corp.
Authentidate Holding Corp. (AHC) is the holding company which operates its software and services businesses in three segments: the Security Software Solutions Segment (fka Authentidate Segment, including Authentidate, Inc., Trac Medical Solutions, Inc. and Authentidate International AG), the Document Management Solutions Segment (fka DocStar Division) and the Systems Integration Segment (fka DJS).
The Company is a worldwide provider of secure enterprise workflow management solutions that incorporate its proprietary and patent pending content authentication technology. Authentidate’s offerings include the United States Postal Service(R) Electronic Postmark(R) Service (USPS(R) EPM(R)), electronic signing solutions, and electronic forms processing solutions. Authentidate also provides secure document management solutions, and enterprise network security products and services.
About American HomePatient, Inc.
American HomePatient, Inc. is one of the nation's largest home health care providers with 265 centers in 34 states. Its product and service offerings include respiratory services, infusion therapy, parenteral and enteral nutrition, and medical equipment for patients in their home. American HomePatient, Inc.'s common stock is currently traded in the over-the-counter market or, on application by broker-dealers, in the NASD's Electronic Bulletin Board under the symbol AHOM or AHOM.OB.
For more information about American HomePatient, Inc. please see: http://ahom.com/ .
Authentidate and CareFax are trademarks of Authentidate Holding Corp. in the United States and/or other countries. United States Postal Service, USPS, Electronic Postmark and EPM are trademarks of the United States Postal Service.
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, related decisions by the USPS, 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.
SOURCE Authentidate Holding Corp.
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