LOS ANGELES, CA -- (Marketwire) -- 12/12/12 -- MediSwipe Inc. (www.MediSwipe.com) (OTCQB: MWIP), a merchant payment solutions and financial security products company for the medical health care industry, today announced that the company has unveiled plans to offer the first digital patient records solution specifically targeting the medical marijuana dispensary marketplace. The proprietary software suite will be offered exclusively by MediSwipe through its partnership with a leading provider of electronic health records software and services within the healthcare industry.
B. Michael Friedman, CEO for MediSwipe, Inc., stated, "With Arizona and New Jersey recently clearing the way for medical dispensaries now bringing the total to 10 states with more pending, and of hundreds of thousands of registered patients, we believe there is a strong need for a viable solution to protect the privacy and security of patient records. With the present discrepancy between federal and state governments regarding legality, we believe the patient should expect the highest form of protection regarding personal information contained within these medical records."
The MediSwipe digital patient records application will allow participating dispensaries to scan all patient documents and records, and place these records in an off-site, secure server location, with patients identified by a patient ID or barcode unique to the patient and dispensary. There is no website or portal where information can be obtained; only designated personnel with proper credentials may log-in from any permissioned workstation. Presently, these patient records are often kept beneath the counter or on a standard hard drive, which can be easily accessed by unauthorized individuals.
"The digitization of these records and secure storage procedures that will now be provided by MediSwipe is a huge step forward in the security and protection of patient rights. Additionally, we believe our solution will create a road map for dispensaries in those states seeking to mirror the federal mandate by calling for all medical records to be digitized by 2014. We expect to begin installing the digitization application at our first dispensary clients shortly after the 1st of the year. Once installed, all patients will be recognized by a digital barcode with no paper records present on premises. The MediSwipe application has been developed to be seamlessly integrated with billing and dispensing systems once the patient has been properly identified through his/her digital record," further stated Friedman.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) offers a full spectrum of secure and reliable transaction processing and security solutions for the medical and healthcare industries, using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) payment solutions. The Company now also offers digitized personal health records in conjunction with Industry Alliance Partners. MediSwipe offers reliable merchant payment solutions and closed loop pre-paid stored value and loyalty cards as a unique cash alternative to these regulated and e-commerce businesses specializing within the healthcare sector.
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.
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