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Find Small Business Health Insurance Quotes Use Your ZIP Online

Posted on August 10, 2010 Written by Annalyn Frame

Your small business health insurance quotes are here. Apply here to find your cost-free quote nowadays for come across out which health insurance organization could be the finest choice for you. Health insurance quotes are a quick and effortless method to improve your small company.

Smaller enterprises thrive on productive employees. If employees get sick they need very good health insurance coverage. Health insurance may be outrageously high priced if purchased individually. Employees find jobs that deliver health insurance in their rewards package much more than any other type of benefit. Dental and vision are other pluses , but healthcare costs are quickly increasing and the necessity to have insurance is a must. Employers of modest businesses can now provide health insurance to their staff even if employees have a pre-existing condition.

its very critical that small business owners include health insurance in their costs for their employees. If this area of benefits is neglected, than employees may become upset that other persons at other firms get health insurance and they donít. This negativity may spread throughout the work place and might be a reason why production outcomes are low. if providing a healthcare package to your present or prospective employees then providing a health insurance strategy which is not only cost powerful but has low premiums is usually a should. Free health insurance quotes tiny business can support you.

Employees that get health insurance are additional most likely to stay long-term at their job. If you provide workers the advantage of the very best health insurance around, which might be obtained by utilizing the totally free tool on this web site, then you will almost without efford decrease your employee turn-over rate. Your employees will also be more productive as they will not be suffering on the job with colds or contagious illnesses that may further infect all of the staff because they did not have insurance to go see a doctor for antibiotics .There is a smaller chance of workers falling ill on the job , and that will increase productivity and long term income , with less contagious sickness floating Also, it can be incredibly pricey to hire new employees and annoying to go via the interviewing procedure and all that paperwork to come across a replacement if an employee quits. Really don’t lose your greatest employees for your competitors by not offering employee-sponsored health insurance.

Do not risk not having health insurance with your smaller enterprise; get your free small business health insurance quotes today to discover the best solution for your company.

Filed Under: Healthcare Plan News

Insurance Quotes

Posted on August 9, 2010 Written by Annalyn Frame

Obtaining insurance quotes is usually a laborious job. Hours could also be spent on the telephone talking to totally different insurance coverage brokers within the hope that they’ll be able to provide you with a cheaper worth than the quotes you’ve already received. Each time you telephone a new agent you end up churning out the identical data and answering the same insurance coverage questions in a process that may be quite frankly mind-numbing!
But not solely are you spending your treasured time having to repeat yourself over and over again, in case you’re not calling a freephone number you will also end up running up a much bigger phone bill too. Add to this incontrovertible fact that generally the one alternative that some individuals need to phone around for insurance quotes is while they’re at work, which may land them in scorching water with their boss, then discovering insurance coverage quotes offline can grow to be a little bit of a nightmare!
Fortunately though there is an easier way. By harnessing the ability of the web, obtaining insurance coverage quotes need not be a problem at all. You may additionally discover that the quotes you receive usually will be lower than the quotes obtained for those who have been to simply rely on telephoning the insurance agents.
Obtaining insurance coverage quotes on the Internet
Discovering insurance coverage corporations to acquire quotes from on the Web is so simple. All you need to do is carry out a seek for ‘insurance quotes’ within the search engine of your alternative and you will be offered with a vast array of insurance companies all ready to supply their insurance coverage providers to you in an instant. Some of the best websites on which to seek for insurance quotes are in fact specialist insurance websites and portals the place a good selection of insurance firms might be discovered multi functional place.
Usually, websites like these will ask you to enter your particulars on one generic kind, which is then despatched out to the totally different insurance agents. Many insurance coverage brokers function an on the spot quotes response system on the Web, allowing you to receive again quotes immediately. You possibly can receive 20 different quotes in lower than 5-minutes by taking advantage of the quotes techniques on these kind of sites.
What’s extra, the quotes you obtain are assured to be competitive. This is because the associated fee to the insurance agent of working on-line and processing quotes and insurance coverage software forms online is only a fraction of the worth that it will price them if they’d to do this over the telephone. These financial savings are in lots of situations handed on to the consumer as discounts for making use of for the insurance online. 
Additionally, some insurance coverage brokers are actually selecting to function exclusively online. This lowers their overheads considerably in contrast to those that function via offices and branches. Once more, the savings made are passed on to the consumer, so lowering the costs of insurance coverage premiums still further. In order for you a handy strategy to discover cheap quotes for insurance then you can do little higher than use the Web!

Learn More:

 

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Filed Under: Healthcare Plan News

Médicos del Hospital Mount Sinai derrumban los mitos sobre el verano entre los latinos y dan consejos para una vida saludable

Posted on August 9, 2010 Written by Annalyn Frame

SOURCE: The Mount Sinai Medical Center

NUEVA YORK, NY–(Marketwire – August 9, 2010) – El verano es tiempo para practicar deportes
al aire libre, disfrutar de un asado con familiares y amigos, salir al
campo, ir la playa y mucho más. Sin embargo, algunas creencias comunes
entre la comunidad Hispana podrían estar impidiendo a esta comunidad
disfrutar de su salud. Por eso, un equipo de médicos del Hospital Mount
Sinai aclara cuatro de los mitos más comunes sobre el verano entre los
latinos.

1. Piel morena no necesita protección solar

“Es un error común entre los latinos creer que si el tono de piel es
oscuro, no es necesario protector solar. Para evitar el cáncer en la piel,
todos los latinos, sin importar su color de piel, deben aplicar protector
solar cada 30 minutos, la primera aplicación 30 minutos antes de exponerse
al sol y cubriendo todas las áreas que se expondrán al sol, con mínimo dos
onzas de bloqueador cada vez”, dice el Doctor y Cardiologo Samer Kottiech,
añadiendo, “no importa donde esté; asegúrese de usar protector solar. Si se
encuentra al aire libre necesita protector solar”.

2. Tomando café, gaseosas y cervezas, no necesito agua

Con temperaturas de más de 90 grados, el cuerpo debe estar hidratado y
pocas bebidas, hidratan su cuerpo como el agua. “El agua no es la opción
más popular entre los latinos”, dice el Doctor Carlos Driggs, especialista
en medicina interna, y agrega, “para evitar deshidratación, lo mejor es
tomar entre 1 y 2 vasos de agua por hora cuando se está al aire libre, si
se consume alcohol o hace ejercicio, se recomiendan 2-3 vasos por hora,
especialmente con temperaturas cada vez más altas. Asegúrese de llevar su
botella durante los días calurosos”.

3. Si la comida está cocinada, no se daña

Las clínicas reciben cada verano pacientes intoxicados por alimentos no
refrigerados adecuadamente. Las actividades al aire libre son muy populares
entre los latinos, lo cual aumenta los riesgos para esta población durante
le verano. El doctor Rajeev Sindhwani, especialista en cuidado
cardiovascular, recomienda, “se puede evitar intoxicación siguiendo 5
reglas: 1. tener manos limpias para manejar alimentos; 2. usar una tabla
para picar carne y otra para vegetales; 3. no dejar los alimentos al aire
libre por tiempo prolongado; 4. asegurarse que las carnes estén bien
cocidas; y 5. limpiar la parrilla antes de cocinar alimentos frescos, para
evitar la contaminación de residuos de otros alimentos cocidos”.

4. Si usted elimina la grasa, se pierde el sabor

“Existe la idea de que quitar la piel del pollo o reducir la grasa de la
carne, hará que la comida pierda sabor. Todos los alimentos, pueden tener
un sabor exquisito incorporando especias, frutas y verduras”, dice el Dr.
Eliscer Guzman, MD FACC, y agrega, “eso ayudará a que los latinos disfruten
una vida libre de dos de las enfermedades que más afectan a esta comunidad,
la diabetes y las enfermedades cardiovasculares”.

Guzmán también recomienda aprovechar las frutas frescas que son abundantes
durante el verano y están disponibles a buen precio. “Su barbacoa debe
tener tantos colores como alimentos saludables existen, verdes, amarillos,
rojos. También hay que cuidar los tamaños de las porciones, para medir el
tamaño de la carne, por ejemplo, asegúrese que esta sea del tamaño de la
palma de su mano”, agrego el Dr. Guzmán.

“Recuerde mantener su parrilla limpia, si quiere darle sabor de asado a sus
platos, puede usar un poco de carbón con sus condimentos predilectos, para
darle el toque de asado y el sabor a su carne”, recomendó El Dr. Guzmán.

Acerca del Centro Médico Mount Sinai

El Centro Médico Mount Sinai incluye el Hospital Mount Sinai y el Colegio
de Medicina. Desde 1968, es uno de los pocos colegios médicos en EEUU parte
de un hospital, con más de 3,400 profesores, 32 departamentos y 15
instituciones, es uno de los 20 colegios médicos según el Instituto
Nacional de Salud y U.S. News & World Report. El Hospital Mount Sinai, se
fundó en 1852, cuenta con 1,171 camas. Es uno de los más antiguos, grandes
y respetados hospitales del país. En el 2009, fue clasificado dentro de los
20 hospitales principales de la nación. Más de 60,000 personas fueron
atendidas en el Mount Sinai en 2009 y recibió aproximadamente 530,000
visitas de pacientes.

Más información visite www.mountsinai.org o síganos en Twitter
@mountsinainyc.

Filed Under: Facilities And Providers

Mount Sinai Hospital Physicians Debunk Common Summertime Myths Among Latinos and Provide Tips for Healthy Living

Posted on August 9, 2010 Written by Annalyn Frame

SOURCE: The Mount Sinai Medical Center

NEW YORK, NY–(Marketwire – August 9, 2010) –  Summer is the time for playing outdoor sports, eating at picnics and BBQs with family and friends. However, some commonly made mistakes keep Latinos for being healthy. That is why a team of physicians at Mount Sinai Hospital took it upon themselves to debunk four of the most common summertime myths among Latinos.  

1. Since some Latinos have dark skin, they believe that they don’t need sunscreen
“A misunderstanding among Latinos is that, because many have dark skin tones, sunscreen is not necessary,” says Dr. Samer Kottiech, M.D. and Cardiologist. “However, to avoid skin cancer, everyone needs to frequently apply sunscreen regardless of their skin tone,” he adds. Dr. Kottiech recommends reapplying the sunscreen every 30 minutes after the first application. Also, be sure to cover your entire body and use at least one shot glass of sunscreen with each application.

2. If I drink beverages like coffee, soda and beer, I do not need water
With temperatures rising, it’s critical that your body is well hydrated. “Water is not the popular drink among most Latinos,” says Dr. Carlos Driggs, MD and specialist in Internal Medicine. “However, in order to avoid heat stroke, it is best to drink between 1-2 glasses of water before going outdoors, especially during summer.” Also, Dr. Driggs suggests to increase the consumption of water by 2 glasses an hour, if you are drinking alcohol or exercising, making sure you carry a bottle of water with you at all times to keep hydrated.

3. If food is cooked, it can’t spoil
During summer, emergency rooms see a lot of patients who contracted food poisoning due to food that was not properly refrigerated. Since outdoor eating functions are so popular among Latinos, they are often impacted. “One commonly made mistake is to leave food outside after a picnic or BBQ,” adds Dr. Rajeev Sindhwani, MD, Cardiovascular Disease Physician. “You can avoid food poisoning by following a few simple rules: 1. Handle food with clean hands; 2. Use separate cutting boards for meats and vegetables; 3. Don’t leave food outdoors; 4. Use a meat thermometer to ensure meat is cooked thoroughly,” and 5. Make sure to clean the grill or cover it with aluminum foil before cooking any fresh meat or vegetables to avoid contamination from previously cooked food residue.

4. If you trim the fat, you lose the flavor
Another misconception among Latinos, is if they remove the skin from their chicken or trim the fat from their beef, their food will be tasteless. “Meats will taste just as flavorful by incorporating a variety of spices, fruits and vegetables,” says Dr. Eliscer Guzmán, M.D. F.A.C.C. “By taking this approach, Latinos will live a healthier life and avoid cardiovascular diseases and diabetes, two diseases currently plaguing the Latino community.” Dr. Guzman recommends taking advantage of the abundant fresh fruits during the summer that are available at a reasonable price.

Dr. Guzmán adds, “Portions sizes can make a tremendous difference to your overall health also. A common rule of thumb for portions is to make sure the size of meat is roughly the size of the palm of your hand.”

About The Mount Sinai Medical Center
The Mount Sinai Medical Center encompasses both The Mount Sinai Hospital and Mount Sinai School of Medicine. Established in 1968, Mount Sinai School of Medicine is one of few medical schools embedded in a hospital in the United States. It has more than 3,400 faculty in 32 departments and 15 institutes. The school received the 2009 Spencer Foreman Award for Outstanding Community Service from the Association of American Medical Colleges.

The Mount Sinai Hospital, founded in 1852 is one of the nation’s oldest, largest and most-respected voluntary hospitals. In 2009,The Mount Sinai was ranked among the nation’s top 20 hospitals Nearly 60,000 people were treated at Mount Sinai as inpatients last year, and approximately 530,000 outpatient visits took place.

For more information, visit www.mountsinai.org. Follow us on Twitter @mountsinainyc.

Filed Under: Facilities And Providers

Assisted Living Concepts, Inc. Announces Continued Strategy Successes; Reports Fourth Consecutive Quarter of Revenue and Private Pay Occupancy Growth

Posted on August 9, 2010 Written by Annalyn Frame

SOURCE: Assisted Living Concepts, Inc.

MENOMONEE FALLS, WI–(Marketwire – August 9, 2010) – Assisted Living Concepts, Inc. (NYSE: ALC)

Highlights:

--  Increased average private pay occupancy by 122 and 8 units over the
    second quarter of 2009 and the first quarter of 2010, respectively
--  Increased overall and private pay rates by 5.8% and 3.8%, respectively
    over the second quarter of 2009
--  Increased Adjusted EBITDAR as a percent of revenues to 33.6%, up from
    32.3% in both the second quarter of 2009 and the first quarter of 2010
--  Adjusted EBITDAR as a percent of revenues would have been a record
    34.4% (excluding One-Time Charges)
--  Extended and expanded share repurchase program authorizing up to
    $15 million through August 9, 2011

Assisted Living Concepts, Inc. (“ALC”) (NYSE: ALC) reported net income of
$2.9 million in the second quarter of 2010. During the second quarter of
2010, ALC recorded the following “One-Time Charges”: an impairment charge
relating to a non-cash write-down of certain equity investments ($1.3
million net of income tax benefits); expenses associated with the
realignment of our divisions ($0.3 million net of income tax benefits);
and write-off of expenses incurred with an expansion project that the
company decided not to complete ($0.1 million net of income tax benefits).
Excluding the One-Time Charges, net income in the second quarter of 2010
would have been $4.6 million as compared to net income of $3.9 million in
the second quarter of 2009.

“Second quarter operating results were solid. For the fourth quarter in a
row we achieved positive private pay occupancy and revenue growth,”
commented Laurie Bebo, President and Chief Executive Officer. “Despite
continuing challenges in the economy and in particular with high
unemployment rates, we continue to be confident in our ability to increase
private pay occupancy and Adjusted EBITDAR margins throughout 2010.”

For the first six months of 2010, ALC reported net income of $6.5 million.
Excluding the One-Time Charges, net income for the first six months of 2010
would have been $8.2 million compared to a net loss from continuing
operations and a net loss of $7.7 million and $7.9 million in the first
six months of 2009, respectively. Excluding an impairment charge related
to the non-cash, non-recurring write-off of all goodwill ($14.7 million net
of income tax benefits) recorded in the first quarter of 2009, net income
from continuing operations and net income for the first six months of 2009
would have been $7.0 million and $6.8 million, respectively.

Diluted earnings per common share for the second quarter and the first six
months ended June 30, 2010 and 2009 were:

                                        Quarter ended    Six months ended
                                           June 30,          June 30,
                                        2010     2009     2010     2009
                                       ------   ------   ------   ------
Diluted earnings (loss) per common
 share from continuing operations      $ 0.25   $ 0.33   $ 0.55   $(0.65)
Diluted earnings (loss) per common
 share                                 $ 0.25   $ 0.33   $ 0.55   $(0.66)
Pro forma diluted earnings per common
 share from continuing operations
 excluding One-Time Charges            $ 0.39   $ 0.33   $ 0.70   $ 0.59(1)

(1) Excludes the goodwill write-off, net of income tax benefits.

One-Time Charges in the quarter ended June 30, 2010 resulted from:

1.  The reclassification of a decline in the fair market value of equity
    securities from a component of the Company's stockholders' equity to
    the Company's income statement. These equity securities represent
    legacy investments transferred from Extendicare Inc. in connection with
    the capitalization of ALC in November 2006.
2.  The realignment of ALC's divisional level management structure. In
    connection with this realignment, ALC incurred certain expenses
    primarily related to personnel.
3.  The decision not to complete an expansion project due to higher than
    anticipated site costs. We continue to evaluate existing owned
    properties for expansion growth.

Certain non-GAAP financial measures are used in the discussions in this
release in assessing the performance of the business. See attached tables
for definitions of Adjusted EBITDA and Adjusted EBITDAR, reconciliations of
net income (loss) to Adjusted EBITDA and Adjusted EBITDAR, calculations of
Adjusted EBITDA and Adjusted EBITDAR as a percentage of total revenues, and
non-GAAP financial measure reconciliation information.

As of June 30, 2010, ALC operated 211 senior living residences comprising
9,280 units.

The following discussions include the impact of the One-Time Charges and
exclude the impact of discontinued operations unless otherwise specified.

Quarters ended June 30, 2010, June 30, 2009, March 31, 2010

Revenues of $58.3 million in the second quarter ended June 30, 2010
increased $1.6 million or 2.9% from $56.7 million in the second quarter of
2009 and increased $0.4 million or 0.8% from the first quarter of 2010.

Adjusted EBITDA for the second quarter of 2010 was $14.5 million or 24.9%
of revenues and

--  increased $1.2 million or 9.1% from $13.3 million and 23.4% of revenues
    in the second quarter of 2009; and
--  increased $0.9 million or 6.7% from $13.6 million and 23.5% of revenues
    in the first quarter of 2010.

Adjusted EBITDAR for the second quarter of 2010 was $19.6 million or 33.6%
of revenues and

--  increased $1.3 million or 7.3% from $18.3 million and 32.3% of revenues
    in the second quarter of 2009; and
--  increased $0.9 million or 5.0% from $18.7 million and 32.3% of revenues
    in the first quarter of 2010.

Second quarter 2010 compared to second quarter 2009

Revenues in the second quarter of 2010 increased from the second quarter of
2009 primarily due to higher average daily revenue as a result of rate
increases ($2.2 million) and an increase in private pay occupancy ($1.2
million), partially offset by the planned reduction in the number of units
occupied by Medicaid residents ($1.8 million). Average private pay rates
increased in the second quarter of 2010 by 3.8% over average private pay
rates for the second quarter of 2009. Average overall rates, including the
impact of improved payer mix, increased in the second quarter of 2010 by
5.8% over comparable rates for the second quarter of 2009.

Both Adjusted EBITDA and Adjusted EBITDAR increased in the second quarter
of 2010 primarily due to an increase in revenues discussed above ($1.6
million) and a decrease in residence operations expenses ($0.5 million)
(this excludes the loss on disposal of fixed assets), partially offset by
an increase in general and administrative expenses ($0.8 million) (this
excludes non-cash equity based compensation) and, for Adjusted EBITDA only,
an increase in residence lease expense ($0.1 million). Residence
operations expenses decreased primarily from lower labor expenses.
Staffing needs in the second quarter of 2010 as compared to the second
quarter of 2009 decreased primarily because of a decline in the number of
units occupied by Medicaid residents who tend to have higher care needs
than private pay residents. In addition, general economic conditions
enabled us to hire new employees at lower wage rates. General and
administrative expenses increased as a result of expenses associated with
an all-company conference held in the second quarter of 2010 and expenses
associated with the realignment of our divisions.

Second quarter 2010 compared to the first quarter 2010

Revenues in the second quarter of 2010 increased from the first quarter of
2010 primarily due to one additional day in the second quarter ($0.6
million), an increase in the number of units occupied by private pay
residents ($0.1 million), and higher average daily revenue as a result of
rate increases ($0.1 million), partially offset by the planned reduction in
the number of units occupied by Medicaid residents ($0.4 million).

Increased Adjusted EBITDA and Adjusted EBITDAR in the second quarter of
2010 as compared to the first quarter of 2010 resulted primarily from a
decrease in residence operations expenses ($0.9 million) (this excludes the
loss on disposal of fixed assets) and an increase in revenues discussed
above ($0.4 million), partially offset by an increase in general and
administrative expenses ($0.4 million) (this excludes non-cash equity-based
compensation). Residence operations expenses decreased primarily from
decreases in utility expenses resulting from normal seasonal fluctuations.
General and administrative expenses increased as a result of expenses
associated with an all-company conference held in the second quarter of
2010 and expenses associated with the realignment of our divisions.

Six months ended June 30, 2010 and June 30, 2009

Revenues of $116.2 million in the six months ended June 30, 2010 increased
$2.4 million or 2.1% from $113.8 million in the six months ended June 30,
2009.

Adjusted EBITDA for the six months ended June 30, 2010 was $28.1 million,
or 24.2% of revenues and

--  increased $3.3 million or 13.1% from $24.8 million and 21.8% of
    revenues in the six months ended June 30, 2009.

Adjusted EBITDAR for the six months ended June 30, 2010 was $38.3 million,
or 33.0% of revenues and

--  increased $3.5 million or 10.2% from $34.7 million and 30.6% of
    revenues in the six months ended June 30, 2009.

Six months ended June 30, 2010 compared to six months ended June 30, 2009

Revenues in the six months ended June 30, 2010 increased from the six
months ended June 30, 2009 primarily due to higher average daily revenue
from rate increases ($4.2 million) and an increase in private pay occupancy
($2.1 million), partially offset by the planned reduction in the number of
units occupied by Medicaid residents ($3.9 million). Average private pay
rates increased in the six months ended June 30, 2010 by 3.8% over average
private pay rates for the six months ended June 30, 2009. Average overall
rates, including the impact of improved payer mix, increased in the six
months ended June 30, 2010 by 5.6% over the comparable rates for the six
months ended June 30, 2009.

Both Adjusted EBITDA and Adjusted EBITDAR increased in the six months ended
June 30, 2010 primarily from a decrease in residence operations expenses
($2.2 million) (this excludes the loss on disposal of fixed assets), and
the increase in revenues discussed above ($2.4 million), partially offset
by an increase in general and administrative expenses ($1.1 million) (this
excludes non-cash equity based compensation) and, for Adjusted EBITDA only,
an increase in residence lease expense ($0.3 million). Residence
operations expenses decreased primarily from lower labor and kitchen
expenses. Staffing needs in the six months ended June 30, 2010 as compared
to the six months ended June 30, 2009 decreased primarily because of a
decline in the number of units occupied by Medicaid residents who tend to
have higher care needs than private pay residents. In addition, general
economic conditions enabled us to hire new employees at lower wage rates.
Kitchen expenses were lower due to new group purchasing plans and lower
overall occupancy. General and administrative expenses increased primarily
from upfront costs associated with transitioning payroll and benefits from
a third party vendor to in-house, expenses associated with an all-company
conference held in the second quarter of 2010, and expenses associated with
the realignment of our divisions.

Liquidity

At June 30, 2010 ALC maintained a strong liquidity position with cash of
approximately $12.2 million and undrawn lines of $70 million.

Share Repurchase Program

On August 9, 2010, ALC’s Board of Directors extended and expanded its share
repurchase program by authorizing the purchase of up to $15 million in
Class A common stock through August 9, 2011. In 2010, through August 9,
2010, ALC repurchased 61,461 shares of Class A Common Stock at a cost of
$1.9 million and an average price of $30.45 per share (excluding fees).

Investor Call

ALC has scheduled a conference call for tomorrow, August 10, 2010 at 10:00
a.m. (ET) to discuss its financial results for the second quarter. This
earnings release will be posted on ALC’s website at www.alcco.com. The
toll-free number for the live call is (800) 230-1096 or international (612)
332-0107; the conference name is “ALC Second Quarter Results.” A taped
rebroadcast of the conference call will be available approximately three
hours following the live call until midnight on September 10, 2010, by
dialing toll free (800) 475-6701, or international (320) 365-3844; the
access code is 165684.

About Us

Assisted Living Concepts, Inc. and its subsidiaries operate 211 senior
living residences comprising 9,280 residents in 20 states. ALC’s senior
living facilities typically consist of 40 to 60 units and offer residents a
supportive, home-like setting and assistance with the activities of daily
living. ALC employs approximately 4,100 people.

Forward-looking Statements

Statements contained in this release other than statements of historical
fact, including statements regarding anticipated financial performance,
business strategy and management’s plans and objectives for future
operations, including management’s expectations about improving occupancy
and private pay mix, are forward-looking statements. Forward-looking
statements generally include words such as “expect,” “point toward,”
“intend,” “will,” “indicate,” “anticipate,” “believe,” “estimate,” “plan,”
“strategy” or “objective.” Forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ materially from
those expressed or implied. In addition to the risks and uncertainties
referred to in the release, other risks and uncertainties are contained in
ALC’s filings with United States Securities and Exchange Commission and
include, but are not limited to, the following: changes in the health care
industry in general and the senior housing industry in particular because
of governmental and economic influences; changes in general economic
conditions, including changes in housing markets, unemployment rates and
the availability of credit at reasonable rates; changes in regulations
governing the industry and ALC’s compliance with such regulations; changes
in government funding levels for health care services; resident care
litigation, including exposure for punitive damage claims and increased
insurance costs, and other claims asserted against ALC; ALC’s ability to
maintain and increase census levels; ALC’s ability to attract and retain
qualified personnel; the availability and terms of capital to fund
acquisitions and ALC’s capital expenditures; changes in competition; and
demographic changes. Given these risks and uncertainties, readers are
cautioned not to place undue reliance on ALC’s forward-looking statements.
All forward-looking statements contained in this report are necessarily
estimates reflecting the best judgment of the party making such statements
based upon current information. ALC assumes no obligation to update any
forward-looking statement.

                   ASSISTED LIVING CONCEPTS, INC.
              Consolidated Statements of Operations
             (In thousands, except earnings per share)

                                Three Months Ended    Six Months Ended
                                     June 30,             June 30,
                               --------------------- ---------------------
                                 2010      2009(1)     2010      2009(1)
                               ---------- ---------- ---------- ----------
Revenues                       $   58,305 $   56,683 $  116,164 $  113,750
Expenses:
  Residence operations
   (exclusive of depreciation
   and amortization and
   residence lease expense
   shown below)                    34,805     35,181     70,517     72,434
  General and administrative        4,256      3,341      8,030      6,775
  Residence lease expense           5,111      4,993     10,194      9,923
  Depreciation and amortization     5,698      5,218     11,368     10,149
    Goodwill impairment                --         --         --     16,315
                               ---------- ---------- ---------- ----------
  Total operating expenses         49,870     48,733    100,109    115,596
                               ---------- ---------- ---------- ----------
Income (loss) from operations       8,435      7,950     16,055     (1,846)
Other expense:
    Other-than-temporary
     investments impairment        (2,026)        --     (2,026)        --
    Interest income                     4          7          8         19
  Interest expense                 (1,899)    (1,834)    (3,787)    (3,537)
                               ---------- ---------- ---------- ----------
Income (loss) from continuing
 operations before income
 taxes                              4,514      6,123     10,250     (5,364)
Income tax expense                 (1,618)    (2,182)    (3,741)    (2,326)
                               ---------- ---------- ---------- ----------
Net income (loss) from
 continuing operations              2,896      3,941      6,509     (7,690)
Loss from discontinued
 operations, net of tax                --        (34)        --       (178)
                               ---------- ---------- ---------- ----------
Net income (loss)              $    2,896 $    3,907 $    6,509 $   (7,868)
                               ========== ========== ========== ==========
Weighted average common shares:
  Basic                            11,567     11,808     11,572     11,882
  Diluted                          11,738     11,927     11,741     11,882
Per share data:
  Basic earnings per common
   share
  Earnings (loss) from
   continuing operations       $     0.25 $     0.33 $     0.56 $    (0.65)
  Loss from discontinued
   operations                          --         --         --      (0.01)
                               ---------- ---------- ---------- ----------
  Net income (loss)            $     0.25 $     0.33 $     0.56 $    (0.66)
                               ========== ========== ========== ==========

    Diluted earnings per
     common share
  Earnings (loss) from
   continuing operations       $     0.25 $     0.33 $     0.55 $    (0.65)
  Loss from discontinued
   operations                          --         --         --      (0.01)
                               ---------- ---------- ---------- ----------
  Net income (loss)            $     0.25 $     0.33 $     0.55 $    (0.66)

Adjusted EBITDA (2)            $   14,503 $   13,291 $   28,100 $   24,840
                               ========== ========== ========== ==========
Adjusted EBITDAR (2)           $   19,614 $   18,284 $   38,294 $   34,763
                               ========== ========== ========== ==========

(1) Reflects the reclassification of the operations of 118 units previously
reported as continuing operations to discontinued operations.
(2) See attached tables for definitions of Adjusted EBITDA and Adjusted
EBITDAR and reconciliations of net income to Adjusted EBITDA and Adjusted
EBITDAR.




                   ASSISTED LIVING CONCEPTS, INC.
                    Consolidated Balance Sheets
           (In thousands, except share and per share data)

                                                  June 30,    December 31,
                                                    2010          2009
                                                ------------  ------------
                 ASSETS                          (unaudited)
Current Assets:
  Cash and cash equivalents                     $     12,239  $      4,360
  Investments                                          3,568         3,427
  Accounts receivable, less allowances of
   $1,096 and $738, respectively                       3,627         2,668
  Prepaid expenses, supplies and other
   receivables                                         4,095         3,537
  Deposits in escrow                                   1,763         1,993
  Income taxes receivable                                 --           723
  Deferred income taxes                                4,590         4,636
  Current assets of discontinued operations              168            36
                                                ------------  ------------
     Total current assets                             30,050        21,380
Property and equipment, net                          411,894       415,454
Intangible assets, net                                11,003        11,812
Restricted cash                                        3,017         4,389
Other assets                                           1,977         1,935
Non-current assets of discontinued operations             --           399
                                                ------------  ------------
    Total Assets                                $    457,941  $    455,369
                                                ============  ============

    LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
  Accounts payable                              $      5,749  $      8,005
  Accrued liabilities                                 16,177        19,228
  Deferred revenue                                     6,008         6,368
  Current maturities of long-term debt                 1,884         1,823
  Income tax payable                                   1,212            --
  Current portion of self-insured liabilities            500           500
  Current liabilities of discontinued
   operations                                             --            34
                                                ------------  ------------
     Total current liabilities                        31,530        35,958
Accrual for self-insured liabilities                   1,416         1,416
Long-term debt                                       118,954       119,914
Deferred income taxes                                 14,281        13,257
Other long-term liabilities                           11,801        11,853
Commitments and contingencies
                                                ------------  ------------
     Total Liabilities                               177,982       182,398
                                                ------------  ------------
Preferred Stock, par value $0.01 per share,
 25,000,000 shares authorized; no shares issued
 and outstanding                                          --            --
Class A Common Stock, $0.01 par value,
 80,000,000 shares authorized at June 30, 2010
 and December 31, 2009; 12,403,499 and
 12,397,525 shares issued and 10,108,938 and
 10,048,674 shares outstanding, respectively             124           124
Class B Common Stock, $0.01 par value,
 15,000,000 shares authorized at June 30, 2010
 and December 31, 2009; 1,523,085 and 1,528,650
 shares issued and outstanding, respectively              15            15
Additional paid-in capital                           314,964       314,602
Accumulated other comprehensive loss                    (775)       (2,012)
Retained earnings                                     39,995        33,486
Treasury stock at cost, 2,384,561 and 2,348,851
 shares, respectively                                (74,364)      (73,244)
                                                ------------  ------------
 Total Stockholders' Equity                          279,959       272,971
                                                ------------  ------------
Total Liabilities and Stockholders' Equity      $    457,941  $    455,369
                                                ============  ============



                  ASSISTED LIVING CONCEPTS, INC.
              Consolidated Statements of Cash Flows
                         (In thousands)
                          (unaudited)

                                                       Six Months Ended
                                                           June 30,
                                                     ---------------------
                                                        2010       2009
                                                     ---------- ----------
OPERATING ACTIVITIES:
Net income (loss)                                    $    6,509 $   (7,868)
Adjustments to reconcile net income (loss) to net
 cash provided by operating activities:
    Depreciation and amortization                        11,368     10,344
    Other-than-temporary investments impairment           2,026         --
    Goodwill impairment                                      --     16,315
    Amortization of purchase accounting adjustments
     for leases                                            (197)      (198)
    Provision for bad debts                                 358        (27)
    Provision for self-insured liabilities                  262        392
    Loss on disposal of fixed assets                        315         34
    Unrealized gain on investments                          (17)        --
    Equity-based compensation expense                       362        188
    Change in fair value of derivatives                      23         --
    Deferred income taxes                                   306       (154)
Changes in assets and liabilities:
    Accounts receivable                                  (1,317)       360
    Supplies, prepaid expenses and other receivables       (558)    (1,027)
    Deposits in escrow                                      230        388
    Current assets - discontinued operations               (132)        --
    Accounts payable                                     (1,432)    (1,735)
    Accrued liabilities                                  (3,051)      (231)
    Deferred revenue                                       (360)       424
    Current liabilities - discontinued operations           (34)        --
    Payments of self-insured liabilities                   (261)      (320)
    Income taxes payable / receivable                     1,935      4,296
    Changes in other non-current assets                   1,330        809
    Other non-current assets - discontinued
     operations                                             399         --
    Other long-term liabilities                             100        553
                                                     ---------- ----------
      Cash provided by operating activities              18,164     22,543
INVESTING ACTIVITIES:
    Payment for executive retirement plan securities       (110)       (95)
    Payments for new construction projects               (3,208)   (11,768)
    Payments for purchases of property and equipment     (4,930)    (6,930)
                                                     ---------- ----------
      Cash used in investing activities                  (8,248)   (18,793)
FINANCING ACTIVITIES:
    Purchase of treasury stock                           (1,120)    (4,860)
    Repayment of revolving credit facility                   --    (19,000)
  Proceeds from issuance of new mortgage debt                --     14,000
  Repayment of mortgage debt                               (917)    (8,114)
                                                     ---------- ----------
      Cash used by financing activities                  (2,037)   (17,974)
                                                     ---------- ----------
Increase (decrease) in cash and cash equivalents          7,879    (14,224)
Cash and cash equivalents, beginning of year              4,360     19,905
                                                     ---------- ----------
Cash and cash equivalents, end of period             $   12,239 $    5,681
                                                     ========== ==========
Supplemental schedule of cash flow information:
Cash paid during the period for:
  Interest                                           $    3,575 $    3,663
  Income tax payments, net of refunds                     1,494     (1,892)



                ASSISTED LIVING CONCEPTS, INC.
              Financial and Operating Statistics

Continuing residences*                           Three months ended
                                           -------------------------------
                                           June 30,   March 31,   June 30,
                                             2010       2010        2009
                                           ---------  ---------  ---------
Average Occupied Units by Payer Source
Private                                        5,476      5,468      5,354
Medicaid                                         162        214        445
                                           ---------  ---------  ---------
Total                                          5,638      5,682      5,799
                                           =========  =========  =========

Occupancy Mix by Payer Source
Private                                         97.1%      96.2%      92.3%
Medicaid                                         2.9%       3.8%       7.7%

Percent of Revenue by Payer Source
Private                                         98.1%      97.5%      95.0%
Medicaid                                         1.9%       2.5%       5.0%

Average Revenue per Occupied Unit Day      $  113.64  $  113.13  $  107.42

Occupancy Percentage*                           62.7%      63.0%      64.2%

* Depending on the timing of new additions and temporary closures of our
residences, we may increase or reduce the number of units we actively
operate. For the three months ended June 30, 2010, March 31, 2010 and June
30, 2009 we actively operated 8,991, 9,025 and 9,154 units, respectively.



Same residence basis**                           Three months ended
                                           -------------------------------
                                           June 30,   March 31,   June 30,
                                             2010       2010        2009
                                           ---------  ---------  ---------
Average Occupied Units by Payer Source
Private                                        5,417      5,423      5,304
Medicaid                                         162        210        387
                                           ---------  ---------  ---------
Total                                          5,579      5,633      5,691
                                           =========  =========  =========

Occupancy Mix by Payer Source
Private                                         97.1%      96.3%      93.2%
Medicaid                                         2.9%       3.7%       6.8%

Percent of Revenue by Payer Source
Private                                         98.1%      97.5%      95.6%
Medicaid                                         1.9%       2.5%       4.4%

Average Revenue per Occupied Unit Day      $  113.49  $  112.92  $  107.28

Occupancy Percentage                            63.4%      64.0%      64.6%

** Excludes quarterly impact of 111 completed expansion units and 76
re-opened renovated units.



                   ASSISTED LIVING CONCEPTS, INC.
                 Financial and Operating Statistics

Continuing residences*                                  Six months ended
                                                      --------------------
                                                       June 30,   June 30,
                                                        2010        2009

Average Occupied Units by Payer Source
Private                                                   5,472      5,369
Medicaid                                                    188        483
                                                      ---------  ---------
Total                                                     5,660      5,852
                                                      =========  =========

Occupancy Mix by Payer Source
Private                                                    96.7%      91.7%
Medicaid                                                    3.3%       8.3%

Percent of Revenue by Payer Source
Private                                                    97.8%      94.4%
Medicaid                                                    2.2%       5.6%

Average Revenue per Occupied Unit Day                 $  113.39  $  107.38

Occupancy Percentage*                                      62.9%      64.9%

* Depending on the timing of new additions and temporary closures of our
residences, we may increase or reduce the number of units we actively
operate. For the six months ended June 30, 2010 and June 30, 2009 we
actively operated 9,004 and 9,014 units, respectively.



Same residence basis**                                  Six months ended
                                                      -------------------
                                                       June 30,   June 30,
                                                        2010        2009

Average Occupied Units by Payer Source
Private                                                   5,392      5,327
Medicaid                                                    186        419
                                                      ---------  ---------
Total                                                     5,578      5,746
                                                      =========  =========

Occupancy Mix by Payer Source
Private                                                    96.7%      92.7%
Medicaid                                                    3.3%       7.3%

Percent of Revenue by Payer Source
Private                                                    97.8%      95.0%
Medicaid                                                    2.2%       5.0%

Average Revenue per Occupied Unit Day                 $  113.08  $  107.73

Occupancy Percentage                                       64.3%      66.3%

** Excludes quarterly impact of 245 completed expansion units, 39 units
temporarily closed for renovation and 76 re-opened renovated units.

Non-GAAP Financial Measures

Adjusted EBITDA and Adjusted EBITDAR

Adjusted EBITDA is defined as net income from continuing operations before
income taxes, interest expense net of interest income, depreciation and
amortization, equity based compensation expense, transaction costs and
non-cash, non-recurring gains and losses, including disposal of assets and
impairment of long-lived assets (including goodwill) and loss on
refinancing and retirement of debt. Adjusted EBITDAR is defined as
Adjusted EBITDA before rent expenses incurred for leased assisted living
properties. Adjusted EBITDA and Adjusted EBITDAR are not measures of
performance under accounting principles generally accepted in the United
States of America, or GAAP. We use Adjusted EBITDA and Adjusted EBITDAR as
key performance indicators and Adjusted EBITDA and Adjusted EBITDAR
expressed as a percentage of total revenues as a measurement of margin.

We understand that EBITDA and EBITDAR, or derivatives thereof, are
customarily used by lenders, financial and credit analysts, and many
investors as a performance measure in evaluating a company’s ability to
service debt and meet other payment obligations or as a common valuation
measurement in the long-term care industry. Moreover, ALC’s revolving
credit facility contains covenants in which a form of EBITDA is used as a
measure of compliance, and we anticipate EBITDA will be used in covenants
in any new financing arrangements that we may establish. We believe
Adjusted EBITDA and Adjusted EBITDAR provide meaningful supplemental
information regarding our core results because these measures exclude the
effects of non-operating factors related to our capital assets, such as the
historical cost of the assets.

We report specific line items separately, and exclude them from Adjusted
EBITDA and Adjusted EBITDAR because such items are transitional in nature
and would otherwise distort historical trends. In addition, we use
Adjusted EBITDA and Adjusted EBITDAR to assess our operating performance
and in making financing decisions. In particular, we use Adjusted EBITDA
and Adjusted EBITDAR in analyzing potential acquisitions and internal
expansion possibilities. Adjusted EBITDAR performance is also used in
determining compensation levels for our senior executives. Adjusted EBITDA
and Adjusted EBITDAR should not be considered in isolation or as a
substitute for net income, cash flows from operating activities, and other
income or cash flow statement data prepared in accordance with GAAP, or as
a measure of profitability or liquidity. We present Adjusted EBITDA and
Adjusted EBITDAR on a consistent basis from period to period, thereby,
allowing for comparability of operating performance.


Adjusted EBITDA and Adjusted EBITDAR Reconciliation Information

The following table sets forth a reconciliation of net income (loss) to
Adjusted EBITDA and Adjusted EBITDAR:

                              Three months ended         Six months ended
                          ----------------------------  ------------------
                          June 30,  June 30,  March 31, June 30,  June 30,
                            2010      2009      2010      2010      2009
                          --------  --------  --------  --------  --------
                                           (in thousands)
Net income (loss)         $  2,896  $  3,907  $  3,613  $  6,509    (7,868)
Less: Income (loss) from
 discontinued operations,
 net of tax                      -       (34)        -         -      (178)
Add: provision for income
 taxes                       1,618     2,182     2,123     3,741     2,326
                          --------  --------  --------  --------  --------

Income (loss) from
 continuing operations
 before income taxes      $  4,514  $  6,123  $  5,736    10,250    (5,364)
Add:
  Depreciation and
   amortization              5,698     5,218     5,670    11,368    10,149
  Interest expense, net      1,895     1,827     1,884     3,779     3,518
  Non-cash equity based
   compensation                225       123       137       362       188
  Loss on disposal of
   fixed assets                145         -       170       315        34
  Write-down of equity
   investments               2,026         -         -     2,026
  Goodwill impairment            -         -         -         -    16,315
                          --------  --------  --------  --------  --------

Adjusted EBITDA             14,503    13,291    13,597    28,100    24,840
Add: Lease expense           5,111     4,993     5,083    10,194     9,923
                          --------  --------  --------  --------  --------
Adjusted EBITDAR          $ 19,614  $ 18,284  $ 18,680  $ 38,294  $ 34,763
                          ========  ========  ========  ========  ========

Adjusted EBITDA             14,503    13,291    13,597    28,100    24,840
Add: Division realignment
 expense                       453         -         -       453         -
                          --------  --------  --------  --------  --------
Adjusted EBITDA before
 division realignment
 expense                    14,956    13,291    13,597    28,553    24,840
Add: Lease expense           5,111     4,993     5,083    10,194     9,923
                          --------  --------  --------  --------  --------
Adjusted EBITDAR before
 division realignment
 expense                  $ 20,067  $ 18,284  $ 18,680  $ 38,747  $ 34,763
                          ========  ========  ========  ========  ========

The following table sets forth the calculations of Adjusted EBITDA,
Adjusted EBITDAR, Adjusted EBITDA before division realignment and Adjusted
EBITDAR before division realignment as percentages of total revenue:

                           Three months ended           Six months ended
                     -------------------------------  --------------------
                     June 30,   June 30,   March 31,  June 30,   June 30,
                      2010(1)     2009       2010      2010(1)     2009
                     ---------  ---------  ---------  ---------  ---------
                                         (in thousands)
Revenues             $  58,305  $  56,683  $  57,859  $ 116,164  $ 113,750
                     =========  =========  =========  =========  =========

Adjusted EBITDA      $  14,503  $  13,291  $  13,597  $  28,100  $  24,840
                     =========  =========  =========  =========  =========

Adjusted EBITDAR     $  19,614  $  18,284  $  18,680  $  38,294  $  34,763
                     =========  =========  =========  =========  =========

Adjusted EBITDA as
 percent of total
 revenues                 24.9%      23.4%      23.5%      24.2%      21.8%
                     =========  =========  =========  =========  =========

Adjusted EBITDAR as
 percent of total
 revenues                 33.6%      32.3%      32.3%      33.0%      30.6%
                     =========  =========  =========  =========  =========


     (1) Includes division realignment expenses of $453 in both the
     quarter and six months ended June 30, 2010. Excluding division
     realignment expenses,  Adjusted EBITDA, Adjusted EBITDAR, Adjusted
     EBITDA as a percent of sales and Adjusted EBITDAR as a percent of
     sales for the quarter ended June 30, 2010 would have been $14,956,
     $20,067, 25.7% and 34.4%, respectively.   Adjusted EBITDA, Adjusted
     EBITDAR, Adjusted EBITDA as a percent of sales and Adjusted EBITDAR as
     a percent of sales for the six months ended June 30, 2010 would have
     been $28,553, $38,747, 24.6% and 33.4%, respectively.




                     ASSISTED LIVING CONCEPTS, INC.
                  Reconciliation of Non-GAAP Measures
                              (unaudited)


                                             Three       Six        Six
                                             Months     Months     Months
                                             Ended      Ended      Ended
                                            June 30,   June 30,   June 30,
                                             2010       2010       2009
                                             (dollars in thousands except
                                                   per share data)
Net income (loss)                          $   2,896  $   6,509  $  (7,868)
Add: Loss from discontinued operations,
 net of tax                                        -          -        178
                                           ---------  ---------  ---------
Income (loss) from continuing operations       2,896      6,509     (7,690)
                                           ---------  ---------  ---------
Add one time charge:
  Write down of equity investments             2,026      2,026          -
  Goodwill impairment                              -          -     16,315
  Loss on disposal of fixed assets related
   to expansion project                          125        125          -
Division realignment expense                     453        453          -
Less: Income tax benefits from one-time
 charges                                         933        933      1,622
                                           ---------  ---------  ---------
  Pro forma net income from continuing
   operations excluding one-time charges   $   4,567  $   8,180  $   7,003
                                           =========  =========  =========

Weighted average common shares:
Basic                                         11,567     11,572     11,882
Diluted                                       11,738     11,741     11,882

Per share data:
  Basic earnings per common share
  Income (loss) from continuing operations $    0.25  $    0.56  $   (0.65)
  Less: loss from discontinued operations          -          -      (0.01)
  Less: loss from one-time charges             (0.14)     (0.14)     (1.24)
                                           ---------  ---------  ---------
  Pro forma net income from continuing
   operations excluding one-time charges   $    0.39  $    0.70  $    0.60
                                           =========  =========  =========

  Diluted earnings per common share*
  Income (loss) from continuing operations $    0.25  $    0.55  $   (0.65)
  Less: loss from discontinued operations          -          -      (0.01)
  Less: loss from one-time charges             (0.14)     (0.14)     (1.24)
                                           ---------  ---------  ---------
  Pro forma net income from continuing
   operations excluding one-time charges   $    0.39  $    0.70  $    0.60
                                           =========  =========  =========

* Per share numbers may not add due to rounding

Filed Under: Facilities And Providers

Myomo Launches myomo@home Program

Posted on August 9, 2010 Written by Annalyn Frame

SOURCE: Myomo

CAMBRIDGE, MA–(Marketwire – August 9, 2010) –  Myomo, Inc., the developer of neuro-robotic stroke rehabilitation technology, has launched myomo@home, a program that enables stroke survivors to purchase the Myomo System directly for use at home. The system is a neuro-robotic rehabilitation device that helps impaired stroke survivors increase movement in their arms, and has been clinically proven effective from two days to 21 years post stroke. Used in the clinical setting since 2008, the Myomo System is now available directly to consumers with a physician’s prescription. Myomo has successfully completed FDA requirements to demonstrate that the device is safe for use in the home.

“Our goal is to make the Myomo System available to as many people as can benefit from it,” explains Steve Kelly, Myomo’s CEO. “Stroke is the leading cause of disability in the US. There is a great need to restore independence to those who have suffered a stroke. Our new program expands access to world-class rehabilitation therapy and technology to any individual at home regardless of geography.”

“We were able to get therapy with the Myomo System, but the nearest clinic was a four hour round trip drive,” said Dean Kenefick, who suffered a stroke in 2004. “When Myomo started a pilot program for home use, we purchased one. I use the Myomo device three times a week and consistently get more return of muscle and movement.”

A Model for Delivering High-Frequency Stroke Rehabilitation

myomo@home is a comprehensive program that leverages evidence-based techniques to restore arm movement. It combines the Myomo System with therapy from a trained and certified Myomo physical or occupational therapist. Direction from a therapist and adherence to a prescribed protocol is critical to the success of stroke patients using the Myomo System at home. 

“Myomo was developed based on a well-known principle that if you work at it, you will get better at it,” said Steve Williams, MD, Chief, Chairman, Department of Rehabilitation Medicine at Boston Medical Center. “Just like learning and getting better at a sport or a craft, re-learning to move your arm requires repetitive practice to keep getting better at it.”

To acquire the product, Myomo has a defined process that includes an in-person or a Web-based video screening and the participation of a clinical partner or a local therapist. If the patient doesn’t have access to a local therapy resource, Myomo works with them to connect with a local therapist through its independent therapist network. 

Myomo provides therapist training and certification through a multi-level certification program that is completed either in-person or live via the Web. Each therapy protocol is customized for the individual patient and follow-up is conducted to adjust treatment for the most potential improvement. Unlimited phone customer service is included with the program.

About Myomo

Myomo develops neuro-robotic technology that helps impaired stroke survivors regain movement in their arms. The company combines technology developed at Massachusetts Institute of Technology (MIT), with rehabilitation professionals trained at the best hospitals in the country, to help stroke patients regain independence. For more information, visit www.myomo.com. Join us on Facebook at http://www.facebook.com/pages/Cambridge-MA/Myomo/196353791770.

CONTACT:
Matt Burke
Email Contact
US +1 603.315.0618

Filed Under: Facilities And Providers

Correction: Vigil Health Solutions Reports Q1 Results, Sales Bookings Up 26%

Posted on August 9, 2010 Written by Annalyn Frame

VICTORIA, BRITISH COLUMBIA–(Marketwire – Aug. 9, 2010) –Marketwire would like to issue a correction for the press release issued at 12:30 PM ET. The URL for Vigil’s Financial Statements contained incorrect HTML coding. The proper link is http://www.vigil.com/?Investors:Financial_Statements. The corrected release follows:

 Vigil Health Solutions Inc. (TSX VENTURE:VGL) (“Vigil”) announces the results of operations for the quarter ending June 30, 2010.

Business highlights

  • Grew bookings 26% for the quarter to $955 thousand compared to $755 thousand for the three-month period ended June 30, 2009.
  • Increased backlog 14% to approximately $3.1 million compared to approximately $2.72 million at June 30, 2009.
  • Revenue was $641 thousand for the three-months ended June 30, 2010 compared to $1.37 million in the three-month period ended June 30, 2009, a decrease of 53%. The decrease reflects lower bookings in FYE2010 and the timing in projects commissioned.
  • Expanded revenue from service and maintenance agreements and one-off sales by 72% during the quarter ended June 30, 2010 to $298 thousand.

“I am encouraged with our increased sales bookings which I believe is a positive indication of both the improvement in the economy, as well as our continued investment in sales and marketing,” stated Troy Griffiths, President and CEO of Vigil Health Solutions Inc.

Financial Results

Revenue for the three-months ended June 30, 2010 was $641 thousand compared to $1.37 million in the three-month period ended June 30, 2009, a decrease of 53%. The decrease in revenue reflects both the reduced number and size of the projects completed during the quarter. Because Vigil records revenue using the completed contract method the number of projects completed this quarter directly reflects a lag related to the timing of the US economic downturn.

Bookings for the quarter were $955 thousand up 26% compared to $755 thousand in the three-month period ended June 30, 2009. The increase in bookings relates to an improvement in the United States economy, specifically, in funding availability for new construction in the seniors living industry as well as the Company’s investment in it sales program.

At June 30, 2010, Vigil had a backlog of approximately $3.1 million (including $1.64 million in deposits and progress billings, recorded as deferred revenue on the balance sheet) a 14% increase compared to approximately $2.72 million (including $1.34 million in deposits and progress billings, recorded as deferred revenue on the balance sheet) at June 30, 2009. This increase is the result of booking more new projects than recorded as revenue during the quarter.

The gross margin percentage for the three months ended June 30, 2010 was 45% compared to 48% for the three months ended June 30, 2009. The gross margin during the period was with in management’s expectations of margins of between 42% and 47%.

Expenditures for the three months ended June 30, 2010 were $465 thousand down 22% from operating expenditures of $599 thousand for the same period ended June 30, 2009. The Company decreased expenditures in all areas. These decreases were the result of a combined strategic effort to focus resources where they would be best utilized.

Net loss for the three month period ended June 30, 2010 was $180 thousand, or $0.002 per share compared to a gain of $66 thousand, or $0.001 per share for the previous year. The increase in losses is primarily attributable to the lower in revenue in the period.

Detailed financial statements along with Management Discussion and Analysis have been filed with SEDAR and may be viewed on the Company web site (http://www.vigil.com/?Investors:Financial_Statements) or at (www.sedar.com).

Financial information will be mailed to entitled security holders on August 16, 2010. Or, upon notice to the Company, entitled security holders may request a copy of financials in advance.

Summary Financial Information

  June 30, June 30,
  2010 2009
  (unaudited) (unaudited)
     
Revenue $641,420 $1,370,157
Cost of sales 355,705 708,450
  285,715 661,707
     
Expenses 472,943 612,120
     
Income before the following items (187,228) 49,587
     
Other income (expense): 6,983 16,181
     
Income / (loss) for the period $(180,245) $65,768

Non-GAAP Measure

For the three months ended June 30, 2010, we are disclosing Adjusted EBITDA, a non-GAAP financial measure, as a supplementary indicator of operating performance. We define Adjusted EBITDA as net income before, interest, income taxes, amortization, stock based compensation and currency gains or losses including derivative foreign exchange differences. We are presenting the non-GAAP financial measure in our filings because we use it internally to make strategic decisions, forecast future results and to evaluate our performance and because we believe that our current and potential investors and analysts use the measure to assess current and future operating results and to make investment decisions. It is a non-GAAP measure, may not be comparable to other companies and it is not intended as a substitute for GAAP measures.

Adjusted EBITDA reconciliation

  Three months ended
  June 30, 2010 June 30, 2009
     
Income / (loss) for the period $(180,245) $65,768
     
  Add / (deduct)    
  Foreign exchange gain (loss) 15,382 (40,477)
  Derivative exchange gain (7,883) 55,212
  Interest (516) 1,446
  Stock based compensation (10,423) (1,280)
  Amortization (7,825) (12,982)
  (11,265) 1,919
     
Adjusted EBITDA $(168,980) $63,849

About Vigil Health Solutions Inc.

Vigil offers a proprietary technology platform combining software and hardware to provide comprehensive solutions to the expanding seniors’ housing market. Vigil has established a growing presence in North America and an international reputation for being on the leading edge of systems design and integration. The Vigil Integrated Care Management System™ (Vigil® System) includes the award-winning Vigil Dementia System, a nurse call system, bed monitoring, resident check in, and the latest development the Vigil Wireless call system. The first to supply dementia specific care technology, Vigil facilitates the highest standard of care for cognitive residents while helping dementia residents enjoy a higher quality of life and greater dignity.

Certain statements contained in this news release that are not based on historical facts may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). These forward-looking statements are not promises or guarantees of future performance but are only predictions that relate to future events, conditions or circumstances or our future results, performance, achievements or developments and are subject to substantial known and unknown risks, assumptions, uncertainties and other factors that could cause our actual results, performance, achievements or developments in our business or in our industry to differ materially from those expressed, anticipated or implied by such forward-looking statements.

Forward-looking statements include all financial guidance, disclosure regarding possible events, conditions, circumstances or results of operations that are based on assumptions about future economic conditions, courses of action and other future events. We caution you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. These forward-looking statements appear in a number of different places in this presentation and can be identified by words such as “may”, “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, “anticipates”, or their negatives or other comparable words. Forward-looking statements include statements regarding the outlook for our future operations, plans and timing for the introduction or enhancement of our services and products, statements concerning strategies or developments, statements about future market conditions, supply conditions, end customer demand conditions, channel inventory and sell through, revenue, gross margin, operating expenses, profits, forecasts of future costs and expenditures, the outcome of legal proceedings, and other expectations, intentions and plans that are not historical fact.

The risk factors and uncertainties that may affect our actual results, performance, achievements or developments are many and include, amongst others, our ability to develop our sales force and generate revenue, the length of the sales cycle, management of the Company’s growth, ability to recruit and retain staff, fluctuations in demand for current and future products, our ability to develop, manufacture, supply and market existing and new products that meet the needs of customers, volatility in the exchange rate, ability to secure financing, ability to secure product liability insurance, the continuous commitment of our customers, increased competition, changes in regulation and reliance on third party suppliers. These risk factors and others are discussed in the Risks and Uncertainties section of our “Management Discussion and Analysis” segment of our fiscal 2009 Annual Report. Many of these factors and uncertainties are beyond the control of the Company. Consequently, all forward-looking statements in this news release are qualified by this cautionary statement and there can be no assurance that actual results, performance, achievements or developments anticipated by the Company will be realized.

Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should the assumptions related to these plans, estimates, projections, beliefs and opinions change.

Filed Under: Facilities And Providers

Vigil Health Solutions Reports Q1 Results, Sales Bookings Up 26%

Posted on August 9, 2010 Written by Annalyn Frame

VICTORIA, BRITISH COLUMBIA–(Marketwire – Aug. 9, 2010) – Vigil Health Solutions Inc. (TSX VENTURE:VGL) (“Vigil”) announces the results of operations for the quarter ending June 30, 2010.

Business highlights

  • Grew bookings 26% for the quarter to $955 thousand compared to $755 thousand for the three-month period ended June 30, 2009.
  • Increased backlog 14% to approximately $3.1 million compared to approximately $2.72 million at June 30, 2009.
  • Revenue was $641 thousand for the three-months ended June 30, 2010 compared to $1.37 million in the three-month period ended June 30, 2009, a decrease of 53%. The decrease reflects lower bookings in FYE2010 and the timing in projects commissioned.
  • Expanded revenue from service and maintenance agreements and one-off sales by 72% during the quarter ended June 30, 2010 to $298 thousand.

“I am encouraged with our increased sales bookings which I believe is a positive indication of both the improvement in the economy, as well as our continued investment in sales and marketing,” stated Troy Griffiths, President and CEO of Vigil Health Solutions Inc.

Financial Results

Revenue for the three-months ended June 30, 2010 was $641 thousand compared to $1.37 million in the three-month period ended June 30, 2009, a decrease of 53%. The decrease in revenue reflects both the reduced number and size of the projects completed during the quarter. Because Vigil records revenue using the completed contract method the number of projects completed this quarter directly reflects a lag related to the timing of the US economic downturn.

Bookings for the quarter were $955 thousand up 26% compared to $755 thousand in the three-month period ended June 30, 2009. The increase in bookings relates to an improvement in the United States economy, specifically, in funding availability for new construction in the seniors living industry as well as the Company’s investment in it sales program.

At June 30, 2010, Vigil had a backlog of approximately $3.1 million (including $1.64 million in deposits and progress billings, recorded as deferred revenue on the balance sheet) a 14% increase compared to approximately $2.72 million (including $1.34 million in deposits and progress billings, recorded as deferred revenue on the balance sheet) at June 30, 2009. This increase is the result of booking more new projects than recorded as revenue during the quarter.

The gross margin percentage for the three months ended June 30, 2010 was 45% compared to 48% for the three months ended June 30, 2009. The gross margin during the period was with in management’s expectations of margins of between 42% and 47%.

Expenditures for the three months ended June 30, 2010 were $465 thousand down 22% from operating expenditures of $599 thousand for the same period ended June 30, 2009. The Company decreased expenditures in all areas. These decreases were the result of a combined strategic effort to focus resources where they would be best utilized.

Net loss for the three month period ended June 30, 2010 was $180 thousand, or $0.002 per share compared to a gain of $66 thousand, or $0.001 per share for the previous year. The increase in losses is primarily attributable to the lower in revenue in the period.

Detailed financial statements along with Management Discussion and Analysis have been filed with SEDAR and may be viewed on the Company web site (http://www.vigil.com/?Investors:Financial_Statements) or at (www.sedar.com).

Financial information will be mailed to entitled security holders on August 16, 2010. Or, upon notice to the Company, entitled security holders may request a copy of financials in advance.

Summary Financial Information

  June 30, June 30,
  2010 2009
  (unaudited) (unaudited)
     
Revenue $641,420 $1,370,157
Cost of sales 355,705 708,450
  285,715 661,707
     
Expenses 472,943 612,120
     
Income before the following items (187,228) 49,587
     
Other income (expense): 6,983 16,181
     
Income / (loss) for the period $(180,245) $65,768

Non-GAAP Measure

For the three months ended June 30, 2010, we are disclosing Adjusted EBITDA, a non-GAAP financial measure, as a supplementary indicator of operating performance. We define Adjusted EBITDA as net income before, interest, income taxes, amortization, stock based compensation and currency gains or losses including derivative foreign exchange differences. We are presenting the non-GAAP financial measure in our filings because we use it internally to make strategic decisions, forecast future results and to evaluate our performance and because we believe that our current and potential investors and analysts use the measure to assess current and future operating results and to make investment decisions. It is a non-GAAP measure, may not be comparable to other companies and it is not intended as a substitute for GAAP measures.

Adjusted EBITDA reconciliation

  Three months ended
  June 30, 2010 June 30, 2009
     
Income / (loss) for the period $(180,245) $65,768
     
  Add / (deduct)    
  Foreign exchange gain (loss) 15,382 (40,477)
  Derivative exchange gain (7,883) 55,212
  Interest (516) 1,446
  Stock based compensation (10,423) (1,280)
  Amortization (7,825) (12,982)
  (11,265) 1,919
     
Adjusted EBITDA $(168,980) $63,849

About Vigil Health Solutions Inc.

Vigil offers a proprietary technology platform combining software and hardware to provide comprehensive solutions to the expanding seniors’ housing market. Vigil has established a growing presence in North America and an international reputation for being on the leading edge of systems design and integration. The Vigil Integrated Care Management System™ (Vigil® System) includes the award-winning Vigil Dementia System, a nurse call system, bed monitoring, resident check in, and the latest development the Vigil Wireless call system. The first to supply dementia specific care technology, Vigil facilitates the highest standard of care for cognitive residents while helping dementia residents enjoy a higher quality of life and greater dignity.

Certain statements contained in this news release that are not based on historical facts may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). These forward-looking statements are not promises or guarantees of future performance but are only predictions that relate to future events, conditions or circumstances or our future results, performance, achievements or developments and are subject to substantial known and unknown risks, assumptions, uncertainties and other factors that could cause our actual results, performance, achievements or developments in our business or in our industry to differ materially from those expressed, anticipated or implied by such forward-looking statements.

Forward-looking statements include all financial guidance, disclosure regarding possible events, conditions, circumstances or results of operations that are based on assumptions about future economic conditions, courses of action and other future events. We caution you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. These forward-looking statements appear in a number of different places in this presentation and can be identified by words such as “may”, “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, “anticipates”, or their negatives or other comparable words. Forward-looking statements include statements regarding the outlook for our future operations, plans and timing for the introduction or enhancement of our services and products, statements concerning strategies or developments, statements about future market conditions, supply conditions, end customer demand conditions, channel inventory and sell through, revenue, gross margin, operating expenses, profits, forecasts of future costs and expenditures, the outcome of legal proceedings, and other expectations, intentions and plans that are not historical fact.

The risk factors and uncertainties that may affect our actual results, performance, achievements or developments are many and include, amongst others, our ability to develop our sales force and generate revenue, the length of the sales cycle, management of the Company’s growth, ability to recruit and retain staff, fluctuations in demand for current and future products, our ability to develop, manufacture, supply and market existing and new products that meet the needs of customers, volatility in the exchange rate, ability to secure financing, ability to secure product liability insurance, the continuous commitment of our customers, increased competition, changes in regulation and reliance on third party suppliers. These risk factors and others are discussed in the Risks and Uncertainties section of our “Management Discussion and Analysis” segment of our fiscal 2009 Annual Report. Many of these factors and uncertainties are beyond the control of the Company. Consequently, all forward-looking statements in this news release are qualified by this cautionary statement and there can be no assurance that actual results, performance, achievements or developments anticipated by the Company will be realized.

Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should the assumptions related to these plans, estimates, projections, beliefs and opinions change.

Filed Under: Facilities And Providers

Sandhills Pediatrics Selects the SRS Hybrid EMR for Its 14 Providers and 4 Locations

Posted on August 9, 2010 Written by Annalyn Frame

SOURCE: SRSsoft

Comparative Benchmarking Confirmed Productivity and Physician Focus of SRS Hybrid EMR

MONTVALE, NJ–(Marketwire – August 9, 2010) –  SRS, the leader in high-performance hybrid EMRs, today announced that Sandhills Pediatrics has selected the SRS hybrid EMR for its 14 providers. Sandhills Pediatrics has four offices in the greater Columbia, South Carolina, area and has served the community’s families since 1975.

“I see 38-45 patients a day, so I wanted an EMR that would easily adapt to my workflow and not hinder the pace of my schedule,” says Kevin O. Wessinger, M.D., Sandhills Pediatrics. “The SRS hybrid EMR allows me to practice the way I like, while eliminating the gross inefficiencies of a paper-centric office. Implementation was smooth — we didn’t have to compromise our productivity at all, even during the first few days!”

“The stopwatch doesn’t lie. During our EMR selection process, we looked at several traditional, point-and-click systems and a free online EMR,” says Ken Fenchel, Practice Administrator, Sandhills Pediatrics. “We timed how long it takes to perform common workflow tasks with each EMR and realized that SRS is the easiest and fastest by far. The higher level of productivity is critical to our physicians’ ability to provide quality care to our high volume of patients.”

SRS was designed with direct input by its high-performance physicians to provide them with a system that fits their needs, helps them to work more efficiently, and enables them to achieve a rapid return on their investment. SRS, which has built the largest national network of high-performance practices that successfully use an EMR, attributes its unmatched adoption rate to ease of use, fast implementation, and an accelerated timeframe for training physicians and office staff.

“If more practices took the time to do comparative benchmarking, the rate of successful EMR adoptions would increase,” says Evan Steele, CEO of SRSsoft. “We are confident that Sandhills — like our other pediatric practice clients — will see immediate and ongoing benefits with SRS throughout their offices, and we are very happy to have them join our growing national network of 5,000 providers.”

About Sandhills Pediatrics
Sandhills Pediatrics has a long and distinguished history of caring for children. Established in 1975 by Dr. S. Nelson Weston and Dr. Charles A. James, Sandhills offers comprehensive and well-rounded medical services to children from birth through college age. Visit www.sandhillsped.com for more information.

About SRS
For over a decade, SRS has been the leading provider of productivity-enhancing EMR technology — with a successful adoption rate unparalleled in the industry. The robust SRS hybrid EMR increases physicians’ speed and practice revenue by offering powerful and flexible solutions that streamline clinical workflows and enhance patient care. Prominent pediatric groups choose SRS because of its fit with the demands of their specialty. For more information on SRS, visit www.srssoft.com, e-mail [email protected], fax 201.802.1301, or call 800.288.8369.

Media Contact
Jeremy Duca
SRSsoft
800.288.8369
Email Contact

Filed Under: Facilities And Providers

Sage Healthcare Division Supports National Health Center Week for 4th Consecutive Year

Posted on August 9, 2010 Written by Annalyn Frame

SOURCE: Sage

Employees Volunteer Time at Community Health Centers Across the U.S.

TAMPA, FL–(Marketwire – August 9, 2010) –  Sage North America today announced that Sage Healthcare Division, a leading provider of electronic health record (EHR) and practice management software, is showing its support for National Health Center Week (August 8 – 14, 2010) by offering volunteer assistance at community health centers across the country during the week through its ProjectSERVS (Sage Employees Reaching out with Volunteer Service).

National Health Center Week is an annual celebration designed to raise awareness about the valuable work that community health centers do. During this week, health centers across the country host events to educate people on healthcare and the types of services provided by the centers. Many events feature free health screenings, food and refreshments, prominent speakers, and more.

“National Health Center Week is a tremendous opportunity to highlight the vital role health centers play in their community. We are appreciative of Sage’s support to make the week even more successful for health centers across the country,” said Dan Hawkins, Senior Vice-President of Policy and Research at the National Association of Community Health Centers. “Sage’s efforts are helping to strengthen health centers in numerous communities, and we stand ready to work with everyone in the years ahead to make sure all people have a healthcare home at a community health center.”

Sage Healthcare Division has supported the event for four consecutive years. This year, Sage employees are volunteering their time at several health centers across the U.S., including:

  • Health Linc in Michigan City, Indiana; Knox, Indiana; and Valparaiso, Indiana – Sage employees will host a back-to-school fair and carnival in which each clinic will provide free sports physicals, immunizations, school backpacks stuffed with supplies and lunch will be served at each site; and
  • New Hanover Health Center in Wilmington, North Carolina – Sage employees will be scanning paper medical records into the clinic’s electronic system.

“Sage continues to dedicate itself to furthering the mission of improving patient outcomes and quality of care in the United States. Our involvement with National Association of Community Health Centers’ National Health Center Week proves our commitment to this goal,” said Lee Horner, Senior Vice President of Sales for Sage Healthcare Division. “Sage strives to continuously serve communities through programs where Sage employees volunteer countless hours and thousands of dollars to support worthy causes every year, including community health centers, which we salute for the important role they play in our healthcare system.”

Sage has been a longstanding provider of information technology solutions to the CHC and Federally Qualified Health Center (FQHC) market, said Tony Ryzinski, Senior Vice President of Marketing for Sage Healthcare Division, and maintains a strong commitment to this segment by developing products that address its unique needs. 

“We maintain a close relationship with our CHC partners and continually solicit their input and recommendations,” Ryzinski said. “Many of our CHC partners provide critical insight into the needs of their clinics, providers and patients, and Sage recognizes the increasingly important role of the CHC and FQHC in today’s evolving healthcare economy, as their mission broadens in providing access to care to broader segments of the population.”

View Sage Healthcare Division YouTube interviews.
View Sage Healthcare Division information.

About Sage Healthcare Division
Sage Healthcare Division provides integrated electronic health records, EDI applications and practice management systems to more than 80,000 physicians and thousands of ambulatory care practices throughout North America. These systems enable physicians and practice managers to better manage their practices and improve profitability. Sage Healthcare Division is based in Tampa, Fla., and is a division of Sage North America. For more information, please visit www.sagehealth.com or call (877) 932-6301.

About Sage North America
Sage North America is part of The Sage Group plc, a leading global supplier of business management software and services. Sage North America employs 4,000 people and supports 3.1 million small and midsized business customers including more than 80,000 physicians. The Sage Group plc, formed in 1981, was floated on the London Stock Exchange in 1989 and now employs 13,100 people and supports 6.2 million customers worldwide. For more information, please visit the website at www.sagenorthamerica.com.

© 2010 Sage Software, Inc. All rights reserved. Sage, the Sage logos, and the Sage product and service names mentioned herein are registered trademarks or trademarks of Sage Software, Inc. or its affiliated entities. All other trademarks are the property of their respective owners.

Media Contact:
Scott Rupp
Sage North America
813-249-4264
[email protected]

Filed Under: Facilities And Providers

St Andrew’s Healthcare Turns to Imprivata to Simplify and Secure Access to Patient Data

Posted on August 9, 2010 Written by Annalyn Frame

SOURCE: Imprivata

OneSign Controls and Monitors Access to Patient Records While Improving User Workflows

LEXINGTON, MA–(Marketwire – August 9, 2010) –  Imprivata®, Inc., the company that simplifies and secures user access, today announced that St Andrew’s Healthcare, the UK’s largest not-for-profit mental health charity, has selected Imprivata OneSign to provide 3,500 employees with faster and more efficient access to a range of applications via single sign-on (SSO) and strong authentication with smart cards. The rollout, completed in June 2010 across the organisation’s four sites in Basildon, Birmingham, Mansfield and Northampton will allow clinical and support staff to increase the speed at which they can securely access patient information and raise the levels of patient care.

The implementation of OneSign will improve clinical productivity by providing users with a single point of secure access though which they can connect to multiple applications, including electronic patient records, HR, Finance, a range of intranet-based applications and its in-house knowledge system.

With OneSign St Andrew’s will bolster the levels of security around user access management without compromising productivity or patient care. OneSign will also ensure IT staff can quickly and efficiently audit access to patient information, helping to avoid malpractice by uncovering instances of shared passwords. This is especially valuable with increasingly strict compliance regulations around the issue of psychiatric medicines and drugs.

St Andrew’s is regularly audited by the Care Quality Commission and the Department of Health, who assess the standards of care being provided at healthcare organisations across the UK. As part of the process, auditors request access to random patient records and other data to ensure these are being managed securely. Previously, auditing employee access to patient data would involve manual printing of SQL tables, however with OneSign IT staff can access records at the click of a switch, simplifying compliance reporting.

“The nature of our work within mental health organisations involves both sensitive patient data and the prescription of psychiatric drugs — which underscores the importance of having complete control of who accesses our IT systems without jeopardising the productivity of our staff,” said Paul Kirkpatrick, Director of IT. “Working with Imprivata to implement single sign-on and strong authentication has enabled us to ensure that only authorised employees can access patient information and applications whilst also making sure we can improve the efficiency of our auditing for regulatory bodies.” 

Additionally, as a 24-hour psychiatric hospital, St Andrew’s has to ensure that medical staff can access data and applications round-the-clock and the self-service password reset module within OneSign will help reduce some of the 400 password reset calls to the IT helpdesk per month, freeing up one full-time employee for other activities.

“Patient data security is one of the primary IT concerns within the healthcare sector today, but not at the expense of employee productivity or patient safety,” said Omar Hussain, CEO and President, Imprivata. “Imprivata OneSign has long been a trusted name for both the NHS and private healthcare institutions across the globe, and we look forward to helping St Andrew’s simplify and secure access to patient data, improve workflow and ultimately the level of care delivered by its staff.”

About Imprivata
Imprivata is the leading independent vendor focused on simplifying and securing user access. By strengthening user authentication, streamlining application access and simplifying compliance reporting across multiple computing environments, customers can align security with user workflows and realize substantial productivity gains while lowering IT costs.

Imprivata has received numerous product awards and top review ratings from leading industry publications and analysts. Headquartered in Lexington, Mass., Imprivata partners with over 200 resellers, and serves the access security needs of more than 1,000 customers around the world. For more information, please visit www.imprivata.com.

Imprivata is a registered trademark of Imprivata, Inc. in the USA and other countries. All other product or company names mentioned are the property of their respective owners.

RSS Feed to Imprivata News: http://feeds.feedburner.com/ImprivataNews

Follow Imprivata on Twitter: https://twitter.com/Imprivata

Contact:
Whitney Carbone
617-758-4177
Email Contact

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Filed Under: Facilities And Providers

Indianapolis’ iSALUS Healthcare Chosen as Electronic Medical Records Preferred Software Partner for Indiana Health Information Technology Extension…

Posted on August 9, 2010 Written by Annalyn Frame

SOURCE: iSALUS Healthcare

INDIANAPOLIS, IN–(Marketwire – August 9, 2010) – Indianapolis-headquartered iSALUS Healthcare was recently selected by Indiana Health Information Technology Extension Center (I-HITEC), as a collaborative statewide initiative led by Purdue University, as an electronic medical records (EMR) preferred software partner. This partnership and endorsement allows iSALUS to serve Indiana’s healthcare community as part of a federal stimulus program to implement EMR software systems.

“The entire team at iSALUS has a vested and personal interest in being chosen as a preferred software provider,” said Michael Hall, president and founder of iSALUS Healthcare. “These are the doctors we trust to take care of our families, and we are honored to be chosen to help them provide the very best care to all of their patients.”

iSALUS was selected by I-HITEC from among hundreds of EMR software firms. The company was chosen based on its ability to assist healthcare providers in implementing electronic medical records, allowing them to qualify for federal stimulus money, a proven technology platform, previous experience with small to medium size healthcare practices, ability to quickly and efficiently implement a large number of new providers, and affordable pricing. Through this partnership, iSALUS and I-HITEC will provide Indiana healthcare providers with a full electronic medical records solution, education, training, implementation, technical and customer support.

“The Indiana Health Information Technology Extension Center is tasked with helping 2,200 Indiana primary care providers (PCPs) achieve Meaningful Use of electronic health record technology by 2012,” said Monica Arrowsmith, I-HITEC’s director. “We are confident we can reach this ambitious goal in partnership with iSALUS Healthcare as one of our certified EMR software partners. Together we will bring understandable, implementable and affordable EMR solutions to Indiana’s healthcare community.”

About iSALUS Healthcare
Founded in 2000 and headquartered in Indianapolis, iSALUS Healthcare offers web-based, mobile-optimized EMR and practice management software solutions for small to medium sized physician practices, healthcare offices and medical clinics. Its proven suite of easy-to-learn and easy-to-use applications is accessible from any Internet connection and provided at an affordable monthly fee. iSALUS includes unlimited technical support and customer service with all of its software subscriptions. Throughout its history, the company has served thousands of doctors and practice managers across the country. For more information, visit www.isalushealthcare.com or call 888.280.6678.

About Indiana Health Information Technology Extension Center (I-HITEC)
Indiana Health Information Technology Extension Center (I-HITEC) is a federally-designated state-chartered non-profit led by Purdue University. The organization was formed as a result of the 2009 federal Health Information Technology for Economic and Clinical Health Act and is funded through a four-year, $12 million grant. I-HITEC provides subsidized EHR adoption assistance, Meaningful Use coaching and discounted EHR products and services to Indiana’s small physician practices, public or critical access hospitals, community health centers or rural health clinics as well as other medical settings that serve the uninsured, underinsured, underserved or other at-risk populations. I-HITEC is tasked with educating and helping these entities transition from traditional, paper-based electronic health record management systems to federally-mandated electronic health record (EHR) technology. This initiative benefits Indiana through improvements to the state’s existing health information technology delivery system which will ultimately improve patient outcomes and reduce healthcare costs. To receive reimbursement from the federal stimulus program, Indiana’s healthcare providers must achieve and prove Meaningful Use of EHR software. I-HITEC plays a critical role in this process. For more information about I-HITEC, please visit www.switch.purdue.edu or call (765) 496-1911.

Filed Under: Facilities And Providers

The Top 10 Methods to Lower Your Well being Care Prices

Posted on August 9, 2010 Written by Annalyn Frame

Check Out:

Ireland Home Insurance

 In case your medical expenses are growing, you’ll wish to know the best way to decrease them and keep them low. Listed here are 10 simple ways to scale back your well being care costs. 
1. Maintain a well being way of life — it sounds fundamental, however it actually works. In case you benefit from available wellness applications, preserve a healthy weight, exercise repeatedly, give up smoking, and have common checkups, you possibly can enormously reduce your medical expenses. 
2. Take advantage of free health screenings —if your medical health insurance doesn’t provide satisfactory well being screenings, or if you haven’t any medical insurance protection in any respect, look into free health screenings. Local clinics and hospitals usually present a wide range of screenings, reminiscent of blood stress, cholesterol, and mammograms.
3. Evaluate your medical insurance options — you’ll have to get your own protection in case you don’t have employer-sponsored well being insurance. Shop around. As a result of premiums fluctuate widely, you will probably save money in the event you get quotes from a number of companies. Consider every plan’s protection and features, making an allowance for exclusions, limitations, and the liberty to decide on well being-care providers. Additionally learn how much you will end up paying out of pocket within the form of co-payments, coinsurance, and deductibles, as a result of even relatively small amounts of cash can actually add up if you make frequent visits to your doctor.
4. Reduce the prices of your prescribed drugs — in the event you take pharmaceuticals recurrently, you already know they will eat up a big portion of your budget. To save cash, order your prescriptions although the mail by using a traditional or on-line pharmacy. If you happen to belong to a prescription drug plan by your medical health insurance plan, you might be able to get a three-month provide of your prescription drug by the mail for a similar worth you would pay for a one-month provide at your neighborhood pharmacy. You can even ask your pharmacist or physician to advocate a less-costly generic drug whenever possible.
5. Always verify your medical bills for errors — taking a couple of minutes to go over the costs can prevent money in the long run. Test to be sure that the bill precisely reflects the procedures you might have undergone and takes into account any relevant insurance coverage coverage you could have. Some errors, resembling flawed computer codes, are common, and you could be billed for well being care you never received. Contact the appropriate billing workplace in case you assume you’ve discovered a mistake. In case you’ve obtained an explanation of advantages out of your insurance coverage company that you simply consider is wrong, ask the company to overview your claim. 
6. Keep observe of your medical bills — at tax time, you could possibly deduct certain medical expenses in case you itemize, and your total medical expenses exceed 7.5 % of your adjusted gross income. Allowable medical bills embrace every thing from health-care companies to medical aids such as eyeglasses and listening to aids. Preserve observe of those expenses during the year.
7. Consider joining your partner’s well being plan — evaluate each your protection and your partner’s protection to see if it is sensible for both of you to join the opposite’s plan. Take into account that most plans allow you to add a partner to your plan inside a certain time period after you get married. In any other case, you could have to wait for the plans’ annual open enrollment period.
8. Negotiate a discount with your healthcare provider —you possibly can typically negotiate to decrease your medical bills. While it may not at all times work, it doesn’t harm to ask your physician, hospital, or pharmacy if they’re keen to return down in price. Earlier than you begin to negotiate, perform a little research to seek out out what different healthcare providers in your space are charging. You may also ask your healthcare provider if they’re going to lower their price in the event you pay in money up front.
9. Contribute to a flexible spending account — test to see if your employer gives a flexible spending plan that may let you put pretax dollars in an account. In that case, think about participating. You’ll be reimbursed to your out-of-pocket medical bills, equivalent to prescribed drugs, dental care, and co-payments. As a result of flexible spending contributions are taken out of your pay earlier than federal and state taxes are calculated, you get to use pretax dollars to pay your medical bills.
10. Understand your health insurance benefits — your health insurance might cowl greater than you think. Many insurance companies now present companies that are designed to help you stay safe and healthy. For instance, it’s possible you’ll receive reductions on nutritional vitamins, various medicines, well being club memberships, or bike helmets. You may also be stunned at the range of coverage your health plan offers. As an example, it may cover dental take care of younger youngsters, chiropractic care, and acupuncture. Learn your plan membership materials to find out what services are available by your well being plan earlier than you pay for them on your own.
Staying healthy is the easiest way to reduce your well being care costs. Getting a quality medical insurance policy and understanding its benefits will even go a protracted approach to conserving your medical bills as low as possible.

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Home Loan EMI Calculator

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Insurance Quotes

Posted on August 9, 2010 Written by Annalyn Frame

Obtaining insurance quotes is usually a laborious job. Hours could also be spent on the telephone talking to totally different insurance coverage brokers within the hope that they’ll be able to provide you with a cheaper worth than the quotes you’ve already received. Each time you telephone a new agent you end up churning out the identical data and answering the same insurance coverage questions in a process that may be quite frankly mind-numbing!
But not solely are you spending your treasured time having to repeat yourself over and over again, in case you’re not calling a freephone number you will also end up running up a much bigger phone bill too. Add to this incontrovertible fact that generally the one alternative that some individuals need to phone around for insurance quotes is while they’re at work, which may land them in scorching water with their boss, then discovering insurance coverage quotes offline can grow to be a little bit of a nightmare!
Fortunately though there is an easier way. By harnessing the ability of the web, obtaining insurance coverage quotes need not be a problem at all. You may additionally discover that the quotes you receive usually will be lower than the quotes obtained for those who have been to simply rely on telephoning the insurance agents.
Obtaining insurance coverage quotes on the Internet
Discovering insurance coverage corporations to acquire quotes from on the Web is so simple. All you need to do is carry out a seek for ‘insurance quotes’ within the search engine of your alternative and you will be offered with a vast array of insurance companies all ready to supply their insurance coverage providers to you in an instant. Some of the best websites on which to seek for insurance quotes are in fact specialist insurance websites and portals the place a good selection of insurance firms might be discovered multi functional place.
Usually, websites like these will ask you to enter your particulars on one generic kind, which is then despatched out to the totally different insurance agents. Many insurance coverage brokers function an on the spot quotes response system on the Web, allowing you to receive again quotes immediately. You possibly can receive 20 different quotes in lower than 5-minutes by taking advantage of the quotes techniques on these kind of sites.
What’s extra, the quotes you obtain are assured to be competitive. This is because the associated fee to the insurance agent of working on-line and processing quotes and insurance coverage software forms online is only a fraction of the worth that it will price them if they’d to do this over the telephone. These financial savings are in lots of situations handed on to the consumer as discounts for making use of for the insurance online. 
Additionally, some insurance coverage brokers are actually selecting to function exclusively online. This lowers their overheads considerably in contrast to those that function via offices and branches. Once more, the savings made are passed on to the consumer, so lowering the costs of insurance coverage premiums still further. In order for you a handy strategy to discover cheap quotes for insurance then you can do little higher than use the Web!

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eight Easy Tips for Cheaper Residence Insurance coverage

Posted on August 9, 2010 Written by Annalyn Frame

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Employment Insurance Canada

 Nobody likes paying for house insurance coverage, nevertheless it’s a vital evil for many of us. This doesn’t mean you must pay through the nose for it though – strive these 8 straightforward tips for cheaper house insurance and see how much you could reduce your premiums by.
– Store Around
By comparing prices from a number of insurance coverage corporations, you’ll most likely be able to scale back your premiums by a substantial amount. This will seem obvious, but analysis has shown that a surprisingly large proportion of people either just renew their present policy, or get only one or two quotes. Many insurance coverage web pages will routinely compare dozens of policies for you, making this one of many best ways to cut back your insurance bill.
– Buy on-line
If you happen to purchase your policy online you’ll be able to typically get a discount of up to 20% on regular prices, as a result of there are less administration costs concerned and the savings will be handed on to you.
– Mix your buildings and contents policies
Many insurers offers you a reduction in case you take out both sorts of residence insurance coverage with them, and this normally works out cheaper than getting the two sorts of insurance policies from totally different companies.
– Pay upfront
Though most insurers allow you to pay your premium in monthly instalments, many will charge curiosity for this. In case you can afford to pay a full 12 months’s premium in advance, then this may work out cheaper in the lengthy run.
– Don’t declare for small quantities
Making many small claims can enhance your insurance prices, as your insurer might even see you as a better threat and enhance your premiums. You will also lose any no claims low cost your policy has. After all, you are entitled to say for something your policy covers, but ask yourself if making a small declare is really worth the problem and attainable future costs.
– Voluntary extra
This is related to the last point. Insurance policies function one thing often called ‘excess’, which basically means that the policy won’t pay out on claims beneath a sure value. On some insurance policies, in case you choose to raise your extra to a higher level, then your premiums might be lower.
– Increase your private home security
Beefing up your house security with better door locks, window locks, outside lighting, and alarm techniques can all result in lower premiums. Ask your insurer what you possibly can do to get further discounts.
– Scale back your cowl
Many insurance policies function advantages that you simply won’t need, similar to cover for personal possessions while travelling, or ‘free’ legal advice. Look by your policy and see what elements of it you really need – by cutting your cover all the way down to measurement you might be able to cut back your premium.

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HDFC Home Loan

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Inexpensive Well being Insurance Plan – What Everyone Wants To Know About Individual Health Insurance

Posted on August 9, 2010 Written by Annalyn Frame

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Saga Insurance

 The dialogue about health insurance will not often cross your mind as long as you are employed. The group medical health insurance advantages that you have when you are employed are so easily taken for granted. There may come a time when a change or lack of employment might ship you scrambling into the medical health insurance market place. You will have lots of new selections to make. You’ll have to educate your self in a short time because there’s solely a 60-day window after separation from your employer to buy a new plan. 
There are an rising numbers of baby boomers reaching their mid-fifties that are leaving their employers and beginning businesses. This requires medical insurance planning. An affordable medical health insurance plan is only attainable once you begin to know the basics of health insurance.
Group health insurance is nearly all the time a Main Medical plan. There’s a lifetime most payout of benefits up to 1,000,000 dollars in most plans. These plans have the typical in-affected person and out affected person care topic to various different deductibles. It is crucial that you just understand the foremost medical policy. You do not need to purchase supplemental health insurance policies to interchange a serious–medical plan. Hospital Income policies are one type of supplemental health insurance. The hospital earnings coverage pays the insured a dollar amount benefit for every day that you’re hospitalized and not a lot else. 
Your greatest way to make medical health insurance extra inexpensive is by benefiting from the premium reductions gained from taking higher deductibles. The following step is starting a well being savings account to fund the deductible and any other unforeseen expense. The well being savings account is tax deductible. Your accountant or tax advisor offers you extra details.
Insurance coverage is usually one of the best ways to decrease your month-to-month payments while you want to save money. Please see our beneficial supply for insurance coverage quotes on-line to get the most cost effective rates possible. We’ve carried out the analysis so that you don’t have to.

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ICICI Mutual Fund

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Mortgages – How A lot Are You Actually Borrowing?

Posted on August 9, 2010 Written by Annalyn Frame

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Confused Com Home Insurance

 How a lot are you paying back?
When contemplating a mortgage do you think about the entire right questions, for instance do you think about which financial institution is best because of their status or do you as an alternative look solely on the rate of interest tables, do you have a look at the flexibility to switch mortgage supplier or do you take a look at how lengthy they will assure a given mortgage price? These are of course all necessary questions and ones that should be given due consideration when selecting a mortgage provider – but there are more important questions.
Most of us take into account a mortgage to be one of life needed evils, after all it’s not good to be in debt to the tune of the house value right. Nicely there’s truly one question that most people ignore, when you’re borrowing $100,000.00 how a lot are you actually paying again?
The explanation that most individuals ignore this truth after they consider choosing a mortgage, refinancing or embarking on another type of fairness refinance is that on paper you are borrowing a given sum (100 Okay on this case).
Incorrect!
You’re borrowing a few thousand now however that’s not the amount that you just’ll be paying back.
This may occasionally seem like a little bit of a nonsense statement but lets analyse it in somewhat detail.
We initially borrow $100,000The rate of interest is 4.25% – per yrOur repayments are the curiosity + 4%We take the mortgage/refinance over 25 years.
So our yearly figures are as follows:
12 months 1:
Curiosity = $a hundred,000 / a hundred * 4.25 = $four,250Amortisation (paying again) =$a hundred,000 / 100 * 4 = $4,000
Whole to pay again this yr $eight,250
So now in year two we solely owe $96,000, so it appears like this:
Year2:
Interest = $96,000 / 100 * 4.25 = $four,080Amortisation (paying back) =$one hundred,000 / 100 * 1 = $4,000
Complete to pay back this year $eight,080
In order you can see, there’s much less curiosity to pay as a result of we’re clearing the initial steadiness, however nonetheless we’re paying 4.25% per 12 months, so if we borrowed $a hundred,000 to start out with how a lot are we truly paying again in the end?
We’re actually paying back $151,000 in the long run, that’s proper, the curiosity on the mortgage is $51,000 – doesn’t seem such a very good price any extra does it. However what for those who decide to pay again over an extended interval, that might assist right? Flawed, in the event you double the time period to 50 years (so paying back 2% per 12 months), then the curiosity effectively doubles the quantity of your mortgage to just over $200,000.
Now maybe when individuals focus on getting the most effective fee for the mortgage and appear to be messing about for a few factors distinction you possibly can see why, maybe now you too can perceive that it’s better to take a mortgage over the shortest doable time-frame – it does mean that you’ll must amortise quicker nevertheless it additionally signifies that you’ll doubtlessly save yourself hundreds in interest payments.
In case you are not financially in a position to really negotiate initially then perhaps one of the crucial vital questions you ought to be asking is whether or not or not there may be an early repayment choice – you would possibly come up with the money for to pay it of early however what’s the purpose if the financial institution will nonetheless cost you a similar quantity of interest?
If you want to run the simulation your self here’s the code in C#, simply create a brand new challenge, add a button, double click on the button and reduce/paste the next code:
int years =25; // years for mortgagefloat mVal = one hundred thousand; // total quantity borrowedfloat intRate = (float)3.00; // rate of interestfloat consequence =zero;float totalAmountInt =0; // total interest payablefloat yearlyAmount = mVal / years; // reimbursement per 12 months
for (int i = 1, i
I don’t appear to have the ability to submit the rest of the code, electronic mail me and I will send it to you.

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SBI Home Loan

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Guide to life insurance

Posted on August 8, 2010 Written by Annalyn Frame

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Saga Insurance

 Life is valuable to each creature (large or small) on earth. From a tiny ant to big rational brokers each living being loves life and needs to guard it. For a human being the most prudent solution to defend his life from all of the forthcoming perils is to get life insurance. Life insurance coverage not simply guard the lifetime of the policyholder however it is also an incredible help to other household members. 
Life insurance pays for nearly all the foremost misshapenness in a person’s life. If the individual is affected by a continual illness, it bears the medical expense. Life insurance cash can be used in circumstances of a extreme accident. After the death of the policyholder, the insurance coverage pays for his funeral and different related ceremonies. Thus life insurance coverage is a big monetary help not only when a person is alive but in addition even after it. 
Nonetheless the extent to which a policy can be energetic or useful is dependent upon the kind of life insurance coverage policy taken by an individual. As an example, the time period life insurance coverage policy is all about defending an individual for a time period before he dies. But if the person dies throughout the coverage time period, the beneficiaries receive the benefits. Time period life insurance is ideal for many who need that particular needs such college tuition; mortgage funds and automobile funds ought to be cared for at their death. This insurance coverage can also be favorable for the families who cannot afford to pay giant monthly premiums. It’s also good for senior residents who know that they may kick the bucket soon. Many firms affiliate completely different terms and situations with the time period life insurance coverage coverage and so provide several sorts of it. The time period life insurance coverage an even be transformed to every other type of insurance coverage such as entire life insurance. 
The people who seek to insure their entire life and are able to pay large premiums all through should go for a Entire Life insurance policy. This policy is sweet for young but not meant for the old. The entire life insurance has a distinguished “money surrender worth” feature. The cash value (composed of cash worth and dividends) retains on incrementing annually in response to a selected schedule in your entire life insurance policy. Many complete life insurance policies reward the policyholders with dividends that can augment the entire money value. 
In addition to these kinds of life insurance coverage insurance policies are additionally health insurance policies. These insurance policies are devised for those struggling with continual diseases significantly cancer. Such policies are troublesome to amass (for very few businesses supply them) and are normally supplied at high premiums. The medical insurance might pay for some of the affected person’s therapies but it doesn’t pay for everything.  
Prior to buying a life insurance policy, an individual ought to make a prudent evaluation of his current state of affairs and needs. Accordingly he should look up Web, consult mates and kin to seek out either a dependable insurance coverage firm or an agent. Choosing from where (insurance firm and agent) and what sort of coverage to undertake is a difficult task that requires lot of consideration and discussion.

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HDFC Home Loan

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Cheap Travel Health Insurance

Posted on August 8, 2010 Written by Annalyn Frame

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RAC Insurance

 We are all fond of bargains, and paying less for a given services or products and travel medical health insurance is just not an exception. However one factor never to neglect is that cheap can typically get more expensive and financial savings aren’t at all times reasonable – especially when health and life are concerned. 
So watch out when you choose an inexpensive journey medical health insurance plan. If the plan does not cover what happens if you end up touring, then you definately would possibly remorse your stinginess. You’d better find other methods to cut costs than by decreasing the number of risks covered. 
One strategy to get journey medical health insurance cheaper is by purchasing a multi-trip journey medical insurance plan. That is relevant in the circumstances once you journey frequently. One other various for frequent vacationers is purchasing annual plans or selecting a brand new plan that has the choice of renewing it at a discount. 
One other manner to save cash is to purchase journey medical insurance for a specific country only. There are companies that provide such plans, though a lot of the presents in the marketplace are for any country exterior the US. 
For those who journey with your loved ones, then a family plan is the best option in terms of money. The identical applies to group plans, in case you are traveling as a part of a group. 
A riskier different is to pick out a plan wherein not all medical bills are lined by the insurer however you’re a co-payer. Normally these plans are cheaper, however there’s much less safety for you. 
How a lot you’ll save from selecting a less expensive travel medical health insurance plan is as much as you. There are many on-line insurers that present a calculator to test which of their plans are applicable for you, however never forget that cheaper is just not all the time better. It is a cut price provided that you pay less cash for a similar risks!

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HDFC Home Loan

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How An Insurance Company Makes Cash

Posted on August 8, 2010 Written by Annalyn Frame

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AON Insurance

 I worked in the insurance industry for sixteen years and noticed first hand how profitable an insurance coverage company can be.  I cannot attempt to enter the nitty gritty details but I gives you a fairly good thought in the form of an summary, how profitable a venture an insurance coverage firm can be.
Insurance is a form of risk management. It is bought to avoid the potential of a big , potential future loss. To compensate the insurance company for taking up this potential future payout, the insured pays the insurance company a sure sum of money referred to as the premium.  In return for the fee of the premium the insured receives a written document, referred to as the insurance coverage, that lays out what occasions are being insured and what the cost to the policyholder would be if that event really occurred.
The insurance company collects the premiums of a giant group of insureds to cowl the few losses they must pay out for.They use historic knowledge to figure the probability of losses and then charge premiums to cover them while constructing in a revenue for themselves.
For example,for example there have been 100 homes every price $100,000 in a particular area.  They’d have a total worth of $10,000,000.  Based on the history of that neighborhood, two houses are expected to burn down throughout anyone year.  Without insurance all one hundred homeowners must maintain $100,000 within the financial institution to cover the possibility of the house burning and needing to rebuild it.  With insurance, each homeowner would only must pay $2,000 into an insurance pool to pay for rebuilding the two houses which might be expected to burn down.
2 homes burn x $one hundred,000 = $200,000 for rebuilding the homes $200,000 divided by the a hundred homeowners = $2,000 premium
That $2,000 premium will then have to be elevated considerably so as to add a profit margin for the insurance coverage company.
In addition to the built in profit that the insurance firm adds in to each premium it takes in, the company would also be topic to the precise experience of the insured group.  If it takes in more cash in premiums than it paid out in claims then it receives what is known as an underwriting profit. And, however if it pays out greater than it has taken in then it has an underwriting loss.
A method of taking a look at how properly an insurance coverage company is doing is to have a look at their loss ratio.  The loss ratio is calculated by taking the losses they needed to pay out and add to that the bills they incurred to actual pay out theclaims and divide that sum by the premiums taken in. A ratio of lower than one hundred% reveals a revenue and a ratio larger than one hundred% indicates a loss.
In lots of instances if an insurance company’s ratio is larger than one hundred% they will nonetheless be profitable.  That is as a result of there’s often a time frame between taking in premiums and paying out claims.  Throughout that period of time the company can invest the money taken in they usually can earn a profit from that investment to offset any underwriting loss and will truly end up with a net profit.  For example, if the insurance coverage firm pays out 15% extra in claims and bills than premiums it took in, however made a 25% revenue from its investments, then it will have obtained a 10% profit.
So, as could be seen there is more than one solution to pores and skin the profitability cat for an insurance coverage firm to make money. Two key components in that regard are how properly they will predict their payouts and the way effectively they can invest the money they take in.

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Analyst Job

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Mortgage Refinancing Tips

Posted on August 8, 2010 Written by Annalyn Frame

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NIB Health Insurance

 As rates of interest proceed to creep upwards, many residence house owners are looking at refinancing options. Here are some mortgage refinancing tips. 
Mortgage Refinancing Suggestions
Rates have been increasing steadily for the final six months. These will increase are expected to proceed into 2006. Such will increase are putting pressure on homeowners who took out adjustable fee mortgages or have been borrowing money towards a home fairness line of credit. For folks on this position, refinancing into a hard and fast price mortgage is starting to look very engaging if for no other motive than to avoid future bumps in the rates. 
If you’re contemplating refinancing your mortgage, there are a couple of issues to maintain in mind. Not like the rushed process of trying to get funding for a purchase, you will have extra time to judge and evaluate mortgage options. Store around and find out what different lenders are providing that suit your potential needs. 
1. What’s your purpose? – Is your purpose to lower the month-to-month fee or to simply attempt to pay less curiosity? Whereas these questions could seem to be the same factor, a decrease interest rate could be translated into the identical month payment amount, however with more of the cost being applied to the principal of the loan. This, of course, helps you pay off the note faster. The bigger level is to simply work out your goal and find a loan that meets it. 
2. Store Lenders – Among the best methods to do that is search a pre-approval from quite a lot of lenders. You might be involved this will harm your FICO score, but refinance credit score requests usually don’t ding your FICO. If you’re undecided about this, simply don’t provide the lender with you social security number. They provides you with a less definite mortgage supply, but you’ll nonetheless have the advantage of reading the nice phrases to ensure it accomplishes your goals. 
3. In Writing – When you select a lender, you want to nail down three vital issues in writing. The primary is the curiosity rate. The second is the closing prices, if any. The third is any pre-cost penalty related to the loan. If the lender drags there feet on any of those, think about walking away from the loan. 
Refinancing a mortgage is a much less hectic course of when compared to getting a purchase order loan. You are within the catbirds seat, so don’t let lenders push you around.

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Home Loan EMI Calculator

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Learning about Colostomy and Colostomy Bags

Posted on August 7, 2010 Written by Annalyn Frame

A colostomy is really a reversible surgical procedure by which a stoma is formed by drawing the wholesome end of the big intestine or colon through an incision in the anterior abdominal wall and suturing it into place. This opening, in conjunction using the attached stoma appliance, provides an alternative channel for feces to leave the entire body.

Thousands each year are given the option: Get stoma surgery and use ostomy appliances, or continue to suffer tremendously from digestive illness, such as Crohn’s, ulcerative colitis, colon cancer, etc. It is a selection that’s not hard to make in the situation, but it also means life-changing consequences.

Thankfully, regardless if an ostomy is temporary or permanent, you ought to rest assured there are thousands of others living out rich, fulfilling lives free of worry of their stoma. This is because of ingenious modern medical inventions that make ostomy care simple and as convenient as feasible. Using the right tools, you’ll live just as you did prior to your Stoma, thinking much less about your ostomy and much more about living existence. [Read more…]

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Mortgage Brokers – The Nuts and Bolts

Posted on August 7, 2010 Written by Annalyn Frame

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Ireland Home Insurance

 Using a mortgage broker to buy house loans could make the borrowing course of loads less hectic than doing it yourself. Listed here are the nuts and bolts on getting a great broker.
Competent Mortgage Brokers
There are a few obvious conditions the place going with a mortgage broker makes excellent sense. You probably have less than good credit, a mortgage dealer is going to have the ability to open your eyes to quite a few loan options a conventional financial institution would by no means tell you about. If the concept of handling the mass of paperwork concerned in the loan utility scares you, a mortgage broker is unquestionably going to be a savior since they may take on that burden. Nonetheless, how are you aware if you are speaking to a reliable dealer?
The primary difficulty to address when considering whether to make use of a mortgage broker is scope.  Scope refers back to the number of completely different lenders the mortgage dealer works with in residence financing. Generally speaking, the extra lenders the dealer works with, the better mortgage options you will get and, ultimately, the higher financing. An excellent mortgage dealer ought to have at the very least eight different lenders they work with and be able to go find others ought to your specific situation name for a special financing package. If the broker identifies only two or three lenders, it’s good to move on to the subsequent broker. 
The second largest challenge is the mortgage dealer’s information of the lending industry. By data of the industry, the broker ought to be capable to identify a number of lending applications and the assorted lenders and choices for each. For instance, you would possibly ask the broker who he works with and the mortgage choices obtainable for a person with a 580 poor credit score score. Further, ask the dealer if he has organized funding for such loans earlier than and the specifics of the loans used. If the broker shows a depth of data and begins rattling on about options, you’ve found the right broker. In the event that they don’t, you haven’t. 
Dealer Fees
Mortgage brokers are paid upon performance. If they don’t get you a mortgage, they don’t get paid. The positive aspect of this is you could be the mortgage broker goes to bust their tail arising with an answer for your problem. The destructive facet is you want to make a willpower as as to whether the choices give to you are good loans to your situation. The commission of a mortgage broker is typically paid out of the loan proceeds, however prices similar to appraisals are your responsibility. The broker should not have any drawback telling you their commission price on the loan. 
When you don’t belief banks to give you the finest deal or have been turned down by a lender, mortgage brokers are a good way to seek out good deals. Perceive the nuts and bolts of what they do and you might be in your option to getting a loan.

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ICICI Mutual Fund

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Life Insurance Quote – How Much To Spend & How A lot To Get

Posted on August 7, 2010 Written by Annalyn Frame

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Financial Risk Management

 When a price range is tight it is easy to dismiss the necessity for all times insurance. Lack of awareness also can make a person put off purchasing a life insurance policy. And, of course, planning for one’s own loss of life and discussing it with family members is at all times difficult. However, the lack of life insurance can go away these you care about with burdens after your death.
Why is it vital?
Within the interval instantly following a loss of life it is a lot simpler to arrange for a funeral if a life insurance coverage is in place. The typical price of a funeral is greater than $7,500. 
Additionally, within a marital partnership, the demise of the spouse doesn’t relieve debt. Your partner will likely be answerable for any payments that have to be made. Customary housekeeping expenses will need to be met as well. The power for your family members to continue dwelling in the identical manner as they did prior to your loss of life may also be vital to you. Funding the schooling of any youngsters will definitely be important.
What amount ought to be purchased?
In order to calculate the amount of life insurance you want you must take into account instant and brief time period needs in addition to long run requirements. Burial prices and existing debt would fall into the current needs category. Mortgage funds and child care would also fall into this group. School bills could be an example of future expenses to be considered. Don’t neglect taxes that could be due. There are a lot of calculators available on the web which will help you to estimate the quantity of life insurance coverage you could need.
For those who need help
In a matter as necessary as life insurance it is at all times good advice to get many quotes and examine them. Quotes are free and are the best way to match plans, pricing and options. After receiving some quotes it may be prudent to consult a life insurance professional or even an attorney. Many occasions life insurance coverage proceeds could be protected from taxation. 
The best way to study and lower your expenses on insurance coverage is to gather as many quotes as potential as a way to compare providers and rates.

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EMC Mortgage Servicing

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Reassure America Life Insurance Company Customer Service Is Past A Memorable Company Identify And Catch Brief Slogan

Posted on August 7, 2010 Written by Annalyn Frame

Almost certainly the most considerable purchase which you may be ready to generate to suit your desires as well as your family members is Life Insurance Reassure America Life Insurance Company is recognized as 1 specific in the budding insurance groups who may well maybe be a far far better choice to match your requires. The original Reassure America Life Insurance Company was launched in 1937 in Florida Town and New York Town. The Reassure America Life Insurance Company has the backing up of 1 from the best reinsurance firms around. They’ve backing up from your Swiss Re Group, one in the world’s best America Life Insurance Company became their subsidiary in July of 1999.

Even ought to you are not inside company of insurance, you’ve most most likely heard of State Farm, MetLife or any for the other large title insurers in the marketplace today. These prominent options element are prominent amongst television, radio and internet advertising spots. They know how to get there brand obtainable.

On the other hand, beyond an unforgettable company brand and catchy brief slogan or jingle, do you truly know what they are and what they’re all about?

The Reassure America Life Insurance Company efforts to give probably probably the most secured advantages accessible to households. Households are supplied life, annuity and accident insurance.

The Reassure America Life Insurance Company customer service has extended additional services, with too supplying reinsurance providers to other life insurance companies. With backing through the Swiss Re Group, one for the world’s biggest reinsures, Reassure America Life Insurance provides a solid alternative for you personally as well as your employees. They provide a choice of items. Their brand is readily available. Just look at with any while using free of charge insurance quote web websites currently accessible. You might be able to locate a quote and compare to decide who really has the excellent rate and coverage to match your needs!

 

You can find more information about Reassure America Life Insurance at http://bankhelpsite.com/reassure-america-life-insurance-company/, where you can read about Reassure America Life Insurance Company Customer Service.

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When the Home Caregiver is You

Posted on August 7, 2010 Written by Annalyn Frame

As part of a do-it-yourself financial plan to build wealth, you will find at some time in your life, you will have to be a caregiver– to a child who is ill, or a spouse who gets disabled or has a chronic illness- but most of the time it is a parent that is aging. We are all living longer. The heavy responsibility that goes along with being a senior caregiver is enormous . 70% of people over age 65 will eventually need long term care either at home or in a nursing home .

As a Financial Planner, I would either help plan for it (be the home caregiver) or purchase long term care insurance for all or part of the risk. Now, with so many losses from the stock market, many people of all ages are starting to take a serious look at long term care insurance  .  Some of the questions that I fielded from clients were :

What if I never need it? Now I have lost all that money in premiums.

What if I can’t buy enough of it?

What will happen when the benefits run out?

What if the insurance company keeps raising the premium?

How will I afford it in the future when I am not working?

Will the insurance company still be around to pay the benefits?

What if I want more home care coverage than skilled nursing care?

 The insurance companies have listened and they have come out with some innovative features to address your concerns
  :

  • Built-in premium on death feature which means that if the policy owner dies before 75 without making a claim, the surviving beneficiary will receive a percentage of the premiums.
  • Tiered solution benefit that sets up parameters at different ages for the type of inflation protection a policy owner can get. Up to age 61, for instance, their benefits could inflate by 5%, from 61 to 76 they could inflate by 3% and after 76 they wouldn’t inflate at all.
  • CPI based inflation features
  • Shared coverage by couples to reduce premium
  • Home care coverage and optional home health care riders
  • Additional increase in coverage over time without health exam to a maximum of double the original policy.
  • The number one reason someone buys long term care insurance is that they saw someone they love have a long term care event. Not having long term care insurance can rob a son or daughter of their career because of the burden of care giving for another . It protects them, and their inheritance as well as you. Most of the time the burden of care will fall on only one sibling .

    It is hard to predict which company will still be around to pay out the benefits that you have invested for, so the younger you are, the better the company should be . That means the highest ratings at both AM Best and Weiss .

      I was under age 60 when faced with a long recovery from a car accident  .  My family could have saved over $55,000 in care-giving costs if I had long term care insurance . So I know firsthand the benefits of having this type of insurance. To build wealth you need to be prepared to self-insure or have adequate insurance . -Fern Alix LaRocca CFP® Wealth Coach

     

    Filed Under: Healthcare Plan News

    Compare insurances and buy the best one for you

    Posted on August 7, 2010 Written by Annalyn Frame

    With all the dangers this world has to offer, everyone and all they hold dear need to have insurance. Insurance is no longer a luxury, it is a necessity But although you need insurance, you have to be careful when investing in one because one moment of inattention can cost you a lot of money.

    But being busy as you are, can you find the time necessary to find the best offer? People neither have the time nor the patience to pay visits to individual insurance companies and find out what type of policies or what kind of rates they are expected to pay. Lucky for you, the internet has solved the problem and you can now search for insurance offers and quotes right from your personal computer.

    Since all kinds of insurances seem to be almost mandatory, take car insurance for example, many websites surfaced the web to accommodate the demand by offering the possibility to compare insurances over the internet. The success of these websites has been tremendous and they are now receiving loads of visitors each and every day that get their insurance quotes and rates from them.

    For people that didn’t have time for such things, the websites which offered insurance comparison services were a heaven-sent. The sites that have specialized in comparing insurance quotes can now display policy prices as well as the detailed offers that each insurance company is promoting.

    The best thing is that you can do the entire searching form home, without having to actually go to the companies physically. People that have learned this are taking advantage of it right now. However, when searching for insurance quotes, be sure to check out the insurance companies as well. The best companies are evidently those that have been around for a while and have good feedback from their customers. Good deals on insurances count to nada if they are from shaky companies that will disappear in a few months leaving you with fewer cash in your pocket. You will do yourself a favor if you do proper research before investing in insurance. You may also want to watch out for companies that try to scam people.

    The best places online where you can get insurance quotes are not with the insurance companies themselves but with the specialized websites that offer insurance comparison. By doing so you ensure that you will get the best insurance that your money can buy.

    Also you may want to keep an eye out for premiums that you may qualify for, based on your age or on the area you live in. Pay extra attention to the type of insurance company that is offering the quotes.

    Versicherungsvergleich

    Rürup Vergleich

    Filed Under: Healthcare Plan News

    Proteonomix, Inc. (PROT) Announces the Formation of New Subsidiary, X Gen Medical LLC, to Serve the Global Medical Market

    Posted on August 6, 2010 Written by Annalyn Frame

    SOURCE: Proteonomix

    X Gen Medical to Function as a Joint Venture Platform for Establishing Global PRTMI Medical Facilities

    MOUNTAINSIDE, NJ–(Marketwire – August 6, 2010) –  PROTEONOMIX, INC. (OTCBB: PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, announced today that it has formed a new subsidiary called X Gen Medical LLC, a Nevis Virgin Island entity. X Gen Medical has been established with the intention of conducting business in the global medical marketplace. Proteonomix plans on utilizing X Gen Medical to serve as a platform for joint ventures with medical facilities worldwide. It is anticipated that new relationships formed with X Gen Medical will create medical facilities capable of not just attracting treatments locally, but also acting as hubs for medical tourism. Medical tourism is constantly on the rise and anticipated to continue to grow substantially due to current high costs of health care for certain procedures and improvements in both technology and standards of care in many countries.

    Mr. Michael Cohen, Chairman and CEO of Proteonomix, stated, “We have been in negotiations with several groups, specifically in the Middle East and Europe, to establish Proteonomix Regenerative Translational Medicine Institute (“PRTMI”) medical facilities in those regions. The negotiations have reached the level whereby the establishment of a separate subsidiary, X Gen Medical LLC., was essential in order to allow Proteonomix to properly enter these global markets with the intention of soliciting business through our proprietary PRTMI model. We anticipate closing on some of these negotiations in the near future, which we anticipate will include the necessary funding required to firmly establish X Gen Medical as a PRTMI provider.”

    About Proteonomix, Inc.:

    Proteonomix is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and begun accepting pre-orders for its anti-aging skin care products. StromaCel, Inc.’s goal is the development therapeutic modalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomix’s operating subsidiary. The Sperm Bank of New York, Inc. is a fully operational tissue bank. Proteonomix Regenerative Translational Medicine Institute, Inc. (“PRTMI”) intends to focus on the translation of promising research in stem cell biology and cellular therapy to clinical applications of regenerative medicine. Proteonomix intends to create and dedicate a subsidiary to each of its technologies. Please also visit http://www.proteonomix.com/, http://www.proteoderm.com/, http://www.otcqb.com/ and http://www.sec.gov/.

    Forward-looking statements:
    Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). Proteonomix, Inc. cautions that statements made in this press release constitute forward-looking statements and makes no guarantee of future performance. Actual results or developments may differ materially from projections. Forward-looking statements are based on estimates and opinions of management at the time statements are made.

    Donald C. Weinberger
    Adam Lowensteiner
    Wolfe Axelrod Weinberger Associates, LLC
    (212) 370-4500

    Click here to see all recent news from this company

    Filed Under: Medical And Healthcare

    Electronic Control Security, Inc. Names Robert Oliver as Vice President, Operations

    Posted on August 6, 2010 Written by Annalyn Frame

    SOURCE: Electronic Control Security, Inc.

    CLIFTON, NJ–(Marketwire – August 6, 2010) –  Electronic Control Security, Inc. (OTCBB: EKCS) (ECSI) (www.ecsiinternational.com), a global leader in entry control and perimeter security systems, today announced the appointment of Robert Oliver as Vice President, Operations. 

    Arthur Barchenko, President of ECSI, stated that “Robert will fill an important position in the Company to meet the growing demand for its products and services now and in the future. The position of Vice President, Operations will address product design and engineering, R&D, production scheduling, purchasing and inventory control in accordance with ISO 9001:2008.”

    About Mr. Oliver
    Robert Oliver brings decades of experience and innovation in engineering design and management to this position. He has successfully performed and managed the design, test, manufacturing, installation and maintenance of products and systems in avionics, nuclear power plant, power instruments, medical device, medical instruments, research instruments, surveillance and life safety for military, law enforcement, hospital, surgical, industrial, commercial and consumer markets domestically and internationally. He has functioned at all levels, including CEO. He has enjoyed successful deployment of security systems of his own design while working through AE firms such as Syska & Hennessey and Flack & Kurtz, among others, and for clients that include major banks and brokerage houses. He holds multiple patents in the US and elsewhere for industrial and security products and systems.”

    About ECSI
    ECSI is a global leader in perimeter security and a quality provider to the Department of Defense, Department of Energy, nuclear power stations, and other large commercial-industrial complexes. The Company designs, manufactures and markets physical electronic security systems for high profile, high threat environments utilizing risk assessment and analysis to determine and address the security needs of its customers. Teaming agreements with major system integrators enable ECSI to support the installation and aftermarket of its products in the U.S. and overseas. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1, Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562. For more information on ECSI and its customers, please visit http://www.ecsiinternational.com.

    ECSI INTERNATIONAL, INC. SAFE HARBOR STATEMENT: This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, acceptance of our proposals, sufficiency of working capital, receipt and timing of collections from purchase orders, the availability of working capital, changes in economic conditions generally and in our industry specifically, changes in security technology, legislative or regulatory changes that affect us, changes in costs and the availability of goods and services, the introduction of competing products, changes in our operating strategy or development plans, sufficiency of cash reserves and the risks and uncertainties discussed under the heading “RISK FACTORS” in Item 1 of our Annual Report on Form 10-K for the fiscal year ended June 30, 2009 and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.

    FOR CONTACT:
    Natalie Schneider
    (973) 574-8555

    Filed Under: Medical And Healthcare

    Letter to Stockholders of MMRGlobal, Inc.

    Posted on August 6, 2010 Written by Annalyn Frame

    SOURCE: MMRGlobal, Inc.

    LOS ANGELES, CA–(Marketwire – August 6, 2010) –  MMRGlobal, Inc. (OTCBB: MMRF)

    Dear Stockholder:

    In the entertainment industry, 2012 was the name of a major motion picture. In China, 2012 will be the Year of the Dragon. At MMRGlobal, 2012 will be the Year of the Personal Health Record (PHR). That’s when health care professionals will be required to provide Personal Health Records to patients as part of compliance with Meaningful Use.

    At MMRGlobal, we’re ready for the future of health care today.

    The MyMedicalRecords.com PHR already offers patented Emergency Login features, patient selected privacy controls, the ability to securely receive and send a medical record from and to any health care professional (or anyone) anywhere in the world. And it does not matter how a record is created, with paper and pen or from the most sophisticated of EMRs. Further, the MMR Stimulus Program pays physicians for simply doing what they will have to do; specifically, electronically provide patients with timely access to their personal health information. Also, because we believe in the quality, safety and security of our product, MMR carries cyber liability insurance to protect our consumer and professional users from actual loss or damage caused by an error in the Company’s PHR system.

    Last week in Chicago and yesterday in Los Angeles, we met with senior executives of two hospital systems representing more than 2,000 staff physicians. Working with these hospital systems, MMR is in the process of developing programs designed to enable hospitals and larger group practices to underwrite the installation of an MMRPro system through the MMR Stimulus Program.

    Also last week in meetings at Kodak headquarters in Rochester, N.Y., we began planning on numerous expanded distribution strategies and joint sales and marketing opportunities. Additionally, this month we will begin testing the next generation of an MMRPro system with new Kodak hardware, improved software and a more seamless interface that will make it faster and more efficient for doctors’ offices to digitize patient records and offer MMRPatientView.com upgrades. We anticipate distributing the new MMRPro branded system later this year at which time we will upgrade any systems in the field at no cost to our customers.

    Kodak will also promote the new MMRPro system in Kodak merchandising and marketing materials designed to make it easier for resellers and distributors to sell directly. We also will participate with Kodak in an expanded tradeshow schedule, with coverage in the Kodak newsletter and inclusion on Kodak’s Partner Web site. This quarter, National Payment Providers will also begin presenting MMRPro to its database of more than 160,000 physician billing clients with delivery and installation support from Kodak starting later this year. 

    I also spent last week with Chartis International executives in New York regarding sales of MyEsafeDepositBox and MyMedicalRecords domestically. Rich Teich, MMRGlobal’s Executive Vice President, also attended preliminary implementation meetings in New York this week. We anticipate announcements on these and other similar programs in the first quarter of 2011 while we continue to push forward on the international front.

    Later this month, expect the launch of the new redesigned MyEsafeDepositBox, which will be the structural backbone for Chartis Esafe and numerous banking programs, including one that has been in development for more than two years.

    In China, we are deploying MMRGlobal developers in Zhengzhou City to work side-by-side with the local development teams at Unis-TongHe. They will begin design plans on the two projects for presentation to China’s hospital system. These proposal efforts represent the groundwork for two health information exchange systems that can provide services to over 100 million people. 

    In October, I plan on visiting our technology partner Nihilent in India as part of a strategy to present MMR to government officials, private hospital networks and local health care professionals.

    In addition to our ongoing efforts to identify a strategic partner to develop the Company’s anti-CD20 monoclonal antibody assets, we continue to look at our many other biotech assets arising out of the pre-merger Favrille Specifid vaccine and, as such, we are seeking opportunities with biotech and institutional investment partners to exploit those assets.

    It is an extremely busy time at MMRGlobal. I have touched on a few of the many initiatives that this company is pursuing around the world. When the recently filed S1/A goes effective, the Company will have access to up to $10 million in capital which can help accelerate our ability to execute on these business opportunities and more. It will provide resources for development, marketing and sales of our products to our consumer, health care professional, corporate and affinity clients worldwide. As the largest beneficial holder of this company, I am excited about the fact that we will have these additional resources and look forward to being in a better position to execute on our plans and grow with the global health care market.

    I rarely talk about the people on the MMRGlobal team and how they are the recipe for success. It’s two o’clock AM and I am working with Bobbie after 10 years and a full day of meetings with Rich (who I have worked with for 33 years), AJ (15 years), Ingrid (20 years) and Ralph (15 years), all of whom work around the clock seven days a week. 

    Then there’s our Board of Directors. They also get to be on call 24-hours a day and utilize their entire network of contacts in support of the Company. For example, Hector Barreto has supported the Company for nearly three years after leaving as the longest running Administrator of the U.S. Small Business Administration. He presided over 9/11 and Katrina and brings with him a wealth of knowledge and experience.

    George Rebensdorf has worked with me on finance and regulatory affairs for more than 15 years. Bernie Stolar, who I have worked with for nearly 30 years, brings the experience of launching Sony PlayStation®, running Sega and being the Gaming Industry Evangelist for Google. Also in the 30-year category is Jack Zwissig, who is an expert in executive leadership and corporate team building. Doug Helm, who was appointed to the board of pre-merger Favrille, is a world-class expert on insurance, benefits and banking and helps lead the Company’s insurance and banking efforts. Dave Boyden, another Favrille appointee, is the biotech answer man on the scientific assets in the Company’s portfolio.

    There are not many people who can write about a team that’s been together for more than 175 years.

    Sincerely,

    Robert H. Lorsch
    Chairman, President & Chief Executive Officer

    About MMRGlobal, Inc.

    MMR Global, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. (“MMR”), provides secure and easy-to-use online Personal Health Records (“PHRs”) and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, financial institutions, and professional organizations and affinity groups. MyMedicalRecords enables individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet. The MyMedicalRecords Personal Health Record is built on proprietary, patented technologies to allow documents, images and voicemail messages to be transmitted and stored in the system using a variety of methods, including fax, phone, or file upload without relying on any specific electronic medical record platform to populate a user’s account. The Company’s professional offering, MMRPro, is designed to give physicians’ offices an easy and cost-effective solution to digitizing paper-based medical records and sharing them with patients in real time through an integrated patient portal. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. MMR is also an integrated service provider on Google Health. To learn more about MMR Global, Inc. and its products, visit www.mymedicalrecords.com and view the videos at www.mmrtheater.com.

    Forward-Looking Statements
    Any statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements, and some can be identified by the use of words (and their derivations) such as “need,” “possibility,” “offer,” “development,” “if,” “negotiate,” “when,” “begun,” “believe,” “achieve,” “will,” “estimate,” “expect,” “maintain,” “plan,” and “continue.” MMRGlobal, Inc. disclaims any intent or obligation to revise or update any forward-looking statements. These forward-looking statements are based on MMRGlobal, Inc.’s reasonable expectations as of the date of this press release and are subject to risks and uncertainties that could cause actual results to differ materially from current expectations. The information discussed in this release is subject to various risks and uncertainties related to changes in MMRGlobal, Inc.’s business prospects, results of operations or financial condition, government regulation, and such other risks and uncertainties as detailed from time to time in MMRGlobal, Inc.’s public filings with the U.S. Securities and Exchange Commission.

    CONTACT:
    Bobbie Volman
    MMRGlobal, Inc.
    (310) 476-7002, Ext. 2005
    [email protected]

    Michael Selsman
    Public Communications Co.
    (310) 553-5732
    [email protected]

    Click here to see all recent news from this company

    Filed Under: Medical And Healthcare

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