|
| |||||||||||||||
The Estate Vault Signs Letter of Intent With Healthcare Data Management Company LAS VEGAS, NV--(MARKET WIRE)--Sep 4, 2008 -- The Estate Vault Inc. (Other OTC:TEVI.PK - News), a
leading provider of value added products and services to
the financial
services and other information-secure industries, today
announced that it
has signed a Letter of Intent with Patient Practitioners,
LLC, a leading
healthcare data management software company. Patient Practitioners
is the
developer of iPHER (Individual Person's Health Electronic
Record), a
portable, healthcare records management system used by the
healthcare
industry in the U.S. and worldwide.
Boyd Soussana, CEO stated, "As The Estate Vault continues to grow, it has become apparent to us that our service offerings should include a program for managing an individual's health records. We have been looking for a possible joint venture in this arena, a company with a proven and robust system, and we feel we have found it in iPHER and Patient Practitioners. The iPHER system is unique, and its integration will increase our offering to members dramatically. This will help us attract larger organizations to our entire program offerings, as healthcare information management is a big concern in the U.S. and throughout the world." "This agreement, when completed, will give TEVI a stake in the ownership of Patient Practitioners, as well as give Patient Practitioners a portion of TEVI," continued CEO Soussana. "This relationship is ideal for both companies, as integrating Patient Practitioner's patent-pending technology into the Health Portal we have been developing, will enable us to effectively market the resulting program to doctors and patients internationally. This new portal should be online within 45 days." About Patient Practitioners Patient Practitioners®(TM), LLC was founded in 2003 with the goal of providing technological tools to improve health, reduce medical errors and create continuity of care in the health care system. The company has produced a global software service as well as the program and device for utilizing the system. The device, called the iPHER®(TM) (Individual Persons Health Electronic Record), is a flash drive which allows people to maintain and deliver their personal health information anywhere in the world without the need for special software or readers. "In the 21st century, the health of the nation's workforce is based on the security, portability, and elimination of language barriers in the delivery and retrieval of health information. The use of new technologies like the iPHER®(TM) will place Florida, especially Northwest Florida, ahead of the curve in economic development," stated Dr. Naomi Melvin, President, Patient Practitioners®(TM), LLC. In 2006, Patient Practitioners®(TM), LLC was awarded the Mid-Market Innovation Award by then Governor Jeb Bush based on its "demonstrated ingenuity, civic leadership and significant contribution to diversifying and strengthening Florida's economy." Dr.Naomi Melvin further stated, "The Estate Vault provides us with the Health Portal that we need to move the iPHER to the commercialization phase and in a time frame that is almost unheard of. It was for this reason that we too wanted to partner with them and I look forward to concluding our arrangement in the very near future. Our Malaysian partner WOW, World of Wellness, also sees a great advantage to having The Estate Vault's health portal and will speed up our efforts in providing the iPHER to our current and future customers in Malaysia and the rest of the World." In the 2008 survey conducted by the Deloitte Centre for Health Solutions the following findings were reported: Consumers want programs and tools to help them improve their health.
-- 61% of consumers want tools that would provide personalized
recommendations to improve their health, and 55% of consumers are
interested in tools that would help them assess, monitor or manage their
health a PHR (12% would pay extra for these tools).Consumers are willing to travel for care, either to a hospital they perceive to be of higher quality or to save money for an elective procedure.
-- Nearly 1 in 5 consumers have chosen to go to a hospital other than the
one nearest to their home (nearly 2 in 5 anticipate doing so in the
future).
-- Almost 90% would consider leaving their community or local area to get
care or treatment for a condition if they knew the outcomes were better and
the costs were no higher.
-- > 3 % report having travelled outside the U.S. or their native country
to consult with a doctor or to receive treatment and 27% said they might do
so in the future.
-- Nearly 40% would consider having an elective procedure performed in a
foreign country if they could save 50% or more and be assured that the
quality was equal to or better than what they can have in the U.S.
-- 65% would like to have a system to track and monitor their medication
prescriptionsMedical Tourism is predicted to be a 12 trillion dollar industry by 2025 and the American Medical Association has issued guidelines for medical tourism that focus on the ability of patients to have:
-- Access to physician licensing and outcomes data, as well as facility
accreditation and outcomes data, arranged or patients seeking medical care
outside the U.S.
-- The transfer of patient medical records to and from facilities outside
the U.S. should be consistent with HIPAA guidelines.
-- Patients choosing to travel outside the U.S. for medical care should
be provided with information about the potential risks of combining
surgical procedures with long flights and vacation activities.Dr. Melvin concluded, "We firmly believe that The Estate Vault's Health Portal will allow us to become a market leader quickly in this space." About The Estate Vault, Inc. The Estate Vault, Inc. was developed to overcome the daunting task of keeping financial, personal, legal, financial and medical documents up to date and in one place. Together with its strategic product partners The Estate Vault has wrapped up its unique service by offering a web portal to individuals and institutions alike that provides an easy to use system that may be seamlessly integrated into many legacy systems. The Estate Vault intends to become the leader in value added products to the financial services industry by providing a product and service at a low price point and then leveraging patent pending technology known as IntelliAD and IntelliBrand to maximize brand awareness. For additional information go to www.estatevault.com Safe Harbor Act Disclaimer The statements contained in this release and statements that the company may make orally in connection with this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements, since these forward-looking statements involve risks and uncertainties that could significantly and adversely impact the company's business Therefore, actual outcomes and results may differ materially from those made in forward-looking statements. Contact: Contact:
Boyd Soussana
1-866-405-3256 ext 702
Source: The Estate Vault, Inc.
| |||||||||||||||