iMedicor(OTCBB: VMCI) today announced the launch of "Easier Than Pulling Teeth" (ETPT), a program designed to assist providers within theCareingtondental community among the nation's largest - with adherence to Meaningful Use guidelines and receipt of up to $63,750 in Federal Electronic Health Record (EHR) incentive funding over six years.
ETPTwill include three stages, beginning with guiding interested and qualifyingCareingtonpractitioners through the Federal EHR registration process, then helping them select a certified Dental EHR solution, and culminating with assisting the dentists in the final Meaningful Use attestation phase that results in the release of the Federal Incentive Funds.
Through this program,CareingtonandiMedicorplan to address and remedy the dental community's slow-to-adopt participation in the current Federally-directed effort to move healthcare to an electronic-based records system.
The ETPT launch will initially be offered toCareingtonproviders in the Middle Atlantic States - New York, New Jersey, Connecticut, Pennsylvania, Maryland and Delaware and then branch out to other regions of the country throughout 2013. According toiMedicor, thoseCareingtonpractices with a minimum of 30% of their treated patients under Medicaid can qualify for incentive funds. Of the $63,750 in funding per dentist, payments are released each year, subject to meeting yearly qualifications, with an initial payment of $21,250 and five subsequent annual payments of $8,500.
For its services toCareingtonproviders,iMedicorwill receive an upfront consulting fee for each client practice and ongoing fees from participating providers during the six-year disbursement period.
iMedicor'sMeaningful Use Consulting Services division was established in 2010 when the company signed an agreement to serve as a field agent with the New Jersey Health Information Technology Extension Center (NJ-HITEC), one of 63 federally-funded HITEC projects throughout the nation.iMedicorwas recognized in July 2012 as the number one consulting agent in the NJ-HITEC project, which in turn became the number one HITEC project in the country. After helping hundreds of doctors through NJ-HITEC,iMedicorthis year expanded its services to the dental community, assisting 20 of NJ-based Hamilton Dental Associates' 34 dentists with their adherence to Meaningful Use guidelines and receipt of Federal EHR Incentive Funds. Funding occurred in less than 10 weeks from the time ofiMedicor'sinitial engagement with the dental group.
"Having such a strong partner likeCareington, we are now positioned to reach out to so many dentists nationwide and let them benefit fromiMedicor'swealth of experience in this area," saidiMedicorCEO FredZolla."The purpose of 'EasierThanPulling Teeth' is to not just encourage dentists to comply with Meaningful Use standards and take advantage of the Federal incentive funding that is available to them, but also to help them understand and be successful with this somewhat complex process.iMedicormakes it easy for dentists to qualify, select a proper vendor and attest as required in order to receive their federal incentive funds and to be compliant with the Meaningful Use regulations. TheiMedicor-Careingtonalliance will play a leading role in bringing dentists into the national digital healthcare conversation."
According to GregRudisill,CareingtonSenior VP, Strategic Partnerships, "Our alliance withiMedicorwill simplify the process for our many dentists who qualify and bring a greater share of Federal EHR Incentive Funds into the dental community. We are pleased to be part of the first major healthcare program that addresses the needs of our dentists in such a straightforward and comprehensive manner."
iMedicor(http://www.imedicor.com/) is a provider of comprehensive healthcare communications solutions that enable physicians and other healthcare professionals to optimize the use of technology in managing their practices and participating in the federally-mandated transition from paper to Electronic Health Records (EHRs). Through two primary services,iMedicoroffers low-cost, easy-to-adopt solutions that can be tailored to the needs of individual practices or larger organizations:
-SocialHIE, the first information exchange platform to offer secure messaging services within a social/professional networking architecture.SocialHIEenables any physician, clinic or hospital to transmit and share information such as patient data, test results and images within a secure, HIPAA-compliant environment and even between disparate EHR systems.SocialHIEalso offers additional advantages such as community development, the ability to create private healthcare information exchange networks with patient specific information, and access to a vast catalog of accredited continuing medical education (CME) programs.
-Meaningful Use Consulting Services.iMedicoris qualified to assist both primary care and specialist practices with EHR adoption and to help them attain Meaningful Use and receive incentive payments from the Federal Government for their compliance.
For investor information, please go tohttp://www.ir-site.com/imedicor/default.asp.
Since 1979,CareingtonInternational Corporation has provided affordable solutions to more than eight million members nationwide. An established leader in the PPO and discount dental market,Careingtonremains dedicated to improving the health and well-being of individuals nationwide.Careington'sdental products and other health, lifestyle and wellness solutions are designed to complement individual, traditional health insurance or stand alone to provide substantial savings for uninsured or underinsured individuals especially in the dental community. For more information, call (800) 441-0380 or visitwww.careington.com
This press release contains certain statements that are forward-looking within the meaning of Section 27a of the Securities Act of 1933, as amended, and that involve risks and uncertainties.
iMedicorInvestorsJimmyCaplanMarket Makers512-329-9505[email protected]iMedicor- MediaRick EisenbergEisenbergCommunications212-496-6828[email protected]CareingtonInternational CorporationJeremy HedrickVP of Network Development800-441-0380 ext. 2250[email protected]