LOS ANGELES, CA–(Marketwire – January 24, 2013) – MediSwipe Inc. (www.MediSwipe.com) (MWIP), a patient security solutions and financial products company for the health care industry, today announced that the Company has reached an agreement with the first of several medical dispensaries in the Detroit, Michigan area to offer its digital patient identification cards and MediPay kiosks. MediSwipe will provide up to 1,000 digital record cards to patients of the first location within the next six weeks in which patients will have their medical records scanned to an encrypted patient card.
All medical data will be stored with state-of-the-art security and encryption technology to protect users’ data. Records are stored on servers which are housed in HIPAA compliant data centers in the USA. Each account is secured by a unique combination of User ID and passwords. In addition to passwords and data encryption, data access will be protected through multiple levels of network security to prevent unauthorized access and to help protect the privacy and integrity of customer data.
Dispensary and pharmacy patients have complete ownership and control of their medical data 24x7x365. This means the patient may always view and manage his or her data at anytime and from any location simply by plugging in the card to any computer or transferring the data to a mobile device. The MediSwipe digital storage application is a secure and user-friendly way to backup and manage your medical records than with the MediSwipe electronic, web-based software and records storage patient ID cards.
“There were many questions why we chose Michigan as a home base rather than Colorado, Washington state or even California. Michigan was the perfect proving ground for our state of the art product lines for this industry and provided all the right elements for success including new and favorable laws as they relate to medicinal marijuana operations and urban atmosphere with high volume of patients seeking alternative cash solutions for payment of medications. The MediSwipe DigitalID cards will allow any operation to scan paper records of any patient in minutes and decrease liability of records being kept on a hard drive and in folders in operation, and allow for real time authentication of a patient through our tablet or kiosk software, which we plan to be released next quarter for a nominal fee. Our MediPay Kiosk will provide a cash in /coupon voucher or payment card out option to reduce cash payment only options for medicine, and provide that service for about the same transaction fee as an ATM”, stated B. Michael Freidman for MediSwipe. “This first thousand patients was key, with at least 20 more dispensaries in the general area each with 500 to several thousand patients each, we would hope to have several thousand patients on our digital health management system over the next two quarters,” added Freidman.
“Further, with regard to the S-1 filing and effective date for the proposed dividend of 800 Commerce, we have brought in additional legal counsel to complete the second round of comments to the SEC which we hope to have filed within the next week. It is our sincere
belief that with the addition of seasoned counsel and our focused energy on this endeavor, while growing both businesses of MediSwipe and 800 Commerce in their perspective sectors, we are not far away from an effective date and receiving guidance from the SEC on a proposed record date to further reward our loyal shareholders,” additionally stated Freidman.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) provides innovative patient solutions for electronically processing transactions within the healthcare industry. MediSwipe provides terminal-based service packages and an integrated Web Portal add-ons for physicians, clinics, hospitals and medical dispensaries that include: digital patient records, Electronic Referrals, Credit/Debit Card merchant services, Check Guarantee and Accounts Receivable Financing.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of MediSwipe Inc. to be materially different from the statements made herein.