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OTI Enters US HealthCare Market

Wednesday 7 July 2004 15:18 CET | News

On Track Innovations has signed a Value Added Reseller (VAR) and licensing agreement with J4 Technologies, to integrate OTIs MediSmart contactless smart card based medical card program into J4 offerings to the health care industry in the U.S. This follows the successful implementation of OTIs MediSmart by CareCross Health, the leading primary healthcare provider in South Africa. The OTI-J4 Medismart solution was developed to specifically address recommendations defined by the Federal Governments Healthcare Reform Initiative adopted by the House of Representatives in June 2003. The objectives of the Department of Health and Human Services (HHS) target: - Improvement of clinical decisions, - Reduction of duplicative data entry, - Reduction of medical errors or Rx, and - Easy and rapid access to patient medical information. The OTI MediSmart solution, which is part of OTIs SmartID product family, provides verification of patient, physician and patient benefits. The OTI MediSmart product includes: 1. a personal identification, biometric authentication and additional personal data sections, secured via biometric verification without the need for a mainframe or database of any kind 2. a medical benefit, risk and management data section, accessible only by healthcare professionals including files for referrals, medical certificates and messages to facilitate better communication between healthcare professionals, and 3. a payment portion that enables e-purse and credit and debit payments. Another valuable feature of the system is its multiple purpose use. Cards that are issued for medical purposes could concurrently be used for Workers Compensation programs, secured access control, and time and attendance. J4 MediSmart, Inc. is a subsidiary of J4 Technologies, to spearhead marketing and deployment of its newly engineered solutions utilizing OTIs technology. The first such solution includes an Adaptive Expert System (Solvatio) to be marketed under the trademark HITS(TM) (Health Information Technology Solutions). The HITS process provides payers with an auditable and validatable trail of service provision through a graphic "derivation map" that shows symptom-to-diagnosis-to treatment. Additional benefits include information accessibility in medical emergencies, rapid electronic claims validation, processing and payment. The system also features tracking of under and over service provision, reduces fraud, and facilitates substantial time-savings in the administrative process both at practice and payer level. How the Unique HITS process works: 1. HIPAA (Health Insurance Portability and Accountability Act OF 1996) required information of participants is collected and stored on the J4 MediSmart cards 2. Hospital admission is facilitated by simply "waving" the patients Smart Card near a reader 3. The patient authorizes release/access to their personal information through a fingerprint biometric. This fully complies with HIPAA requirements. 4. The patients case is electronically retrieved from their case file in the Expert System and routed to the attending physicians workstation. This updateable "case" provides the platform that guides the clinical encounter 5. Upon discharge all information pertinent to the clinical encounter is automatically written to the patients card and updated in the Expert System J4 MediSmarts pricing model is based on pay-per-use, negating the need for large capital expenditure by the user. OTI generates revenues on the MediSmart contactless smart cards, readers, support and maintenance as well as on-going transaction fees. Initial market focus will be aimed at the Medicaid drug discount card program, Mental Health Monitoring and management, Medicaid/Medicare and, HMOs.

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Categories: Payments & Commerce | Cards
Countries: World
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Payments & Commerce