ALR Technologies SG Ltd (ALRTF)

[RobertJames]

Health-e-Connect: (ALRT) The FDA-Cleared System at the Forefront of Remote Diabetes Care



Richmond, VA / ACCESSWIRE / October 7, 2014 / ALR Technologies' (ALRT) new FDA-cleared Remote Patient Monitoring system may finally allow doctors and clinicians to receive reimbursement for remote chronic care management, and it could become one of the most influential platforms for managing diabetes. ALRT's Health-e-Connect is the only off-the-shelf chronic care system connecting diabetes patients with an experienced care team as well their own physicians - anywhere in the country - through a secure and trusted website. If the Centers for Medicare and Medicaid Services (CMS) proposed payment schedule is finalized on November 1, physicians would receive payments of $41.92 for up to 20 minutes of remote care each month.Implementation of the proposed reimbursement plan would pave the way for ALRT to begin invoicing and collecting revenue for its services for diabetes patients covered by Medicare.Capturing just 1% of the US Medicare market as it pertains to diabetes would represent up to $2.3 million per month in potential revenue to ALRT.

This revenue-producing system could decrease long-term healthcare costs, create compensation for physicians, and establish positive cash flow for ALRT.The company moving towards the revenue-generation stage is underscored by years of R&D and millions of dollars in investment to achieve FDA clearance and meet all HIPAA (Health Insurance Portability & Accountability Act) requirements to ensure patient data confidentiality, a duo of accomplishments that most potential competition has failed to obtain.

This is a unique patient monitoring program that's made leaps and strides in developing a profitable model for remote care for patients with chronic disease. With the high global cost of diabetes on the rise, ALRT is primed and positioned at the forefront of the burgeoning Remote Patient Care industry. Its system has already begun enrolling patients in the US in a bid to prove its commercial viability and replicate data from clinical trials demonstrating Health-e-Connect is influential in reducing A1c levels, which can have a meaningful impact on clinical outcomes in diabetes patients.

The Kansas City Metropolitan Physician Association (KCMPA), a Medicare Accountable Care Organization, represents the first large-scale commercial deployment of the Health-e-Connect remote management system. The goal is to lower high-risk glucose levels of some of KCMPA's most challenging diabetic patients. Importantly to ALRT stakeholders, KCMPA has agreed to negotiate a fee to be paid to ALRT for their use of the Health-e-Connect System beginning January 1, 2015 if the proposed CMS reimbursement rule is enacted.

"KCMPA is on the forefront of this wave of medical innovation," says ALRT President Bill Smith. With the system currently employed in a major medical facility, the next step is for ALRT to expand its model on a global scale.

"Diabetes is a huge issue. It's exploding in Latin America and in Asia; it's really a public health pandemic that's affecting the entire globe," Smith adds. 300 million people will be diagnosed with diabetes by the year 2025, according to the American Diabetes Association. The total cost of managing the disease in the US alone is up to $245 billion, including $176 billion in direct medical costs. Health-e-Connect addresses these costs by increasing patient's remote involvement, which helps reduce A1c, the gold standard in assessing diabetes control.

ALRT sits at the forefront of Remote Patient Monitoring with its Health-e-Connect system.ALRT has created a remote monitoring and patient care system that could allow physicians to draw down $41.92 per month for up to 20 minutes of remote care, whilst lowering the massive global cost of diabetes care.Widespread adoption of the ALRT diabetes management program by US physician groups could allow ALRT and its investors to profit significantly from one of the most innovative remote patient monitoring programs available in the US market.

About ALR Technologies Inc.

ALR Technologies is a medical device company providing remote monitoring and care facilitation for patients with chronic diseases. ALRT has developed the FDA-cleared and HIPAA compliant Health-e-Connect System that collects data from blood glucose meters and uploads to a secure website. Trained Facilitators use the System to effect efficiency of care among patients, clinicians and caregivers to improve outcomes and assist health plans to optimize their quality goals. Currently, the Company is focused on diabetes and will expand its services to cover other chronic diseases anchored on verifiable data.

Learn more about ALRT: http://www.glntv.tv/alrt

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ALRT Homepage: http://alrt.com/