LOS ANGELES, CA -- (Marketwire) -- 02/28/13 -- MediSwipe Inc. (www.MediSwipe.com) (OTCQB: MWIP), a patient security solutions and financial products company for the medicinal marijuana and health care industry, today announced plans to open the first of two patient certification centers within the state of Michigan. The patient certification centers with initial plans for locations in Washtenaw and Wayne counties, Michigan will be the first of its kind within the state allowing patients to receive guidance in filing required documents to the state in applying for state medical marijuana ID cards, receive consultations with on staff doctors and physicians for prescriptions and digitization and management of medical records within the MediSwipe system on behalf of registered caregivers. The certification centers will also allow for a central point for the 27,000 caregivers within the state to register within the MediSwipe data management system, for maintenance and data management of the patient count of each caregiver.
"The state of the art certification centers operated by MediSwipe will seek to provide the first HIPAA compliant medical data management system for the medical marijuana sector on behalf of patients and caregivers, providing patient authentication and storage of data, while at the same time streamlining the application process for new patients to receive state ID cards, provide prescriptions by licensed physicians and registration within our cloud based HIPAA compliant medical records database. Our goal will be to work with all regulated states, caregivers and patients to allow access to a compliant reporting system that will not only ensure patient security and privacy rights, but at the same time, provide necessary reporting data to states as they move to further define individual regulatory models," stated B. Michael Friedman, CEO of MediSwipe.
"Our unique and innovative model for these certification centers will remain completely agnostic of anything to do with actual medicine, and deal only with streamlining the state paperwork process for new patients, physician prescription services and consultations, HIPAA compliant digital record keeping and data management on behalf of caregivers. MediSwipe will receive processing and filing fees from the new patients for streamlining the process with the state, and receive monthly data management fees from caregivers for managing their patient data as a revenue model. We believe that we can capture monthly management fees from at least 5% of the almost 27,000 caregiver base and 20% of the current patient base of almost 127,000 in Michigan alone, based on current interest and new legislation eliminating the existing dispensary models over the next two quarters as a conservative estimate," further stated Friedman.
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.
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