ALR Technologies, Inc. (OTCBB: ALRT)
ALRT’s System to Redefine Disease Management Practices: Electronic Health Management System to Provide Ongoing Assistance and Monitoring of Patients Once They Leave the Hospital, Leave the Medical Clinic or Once the Case Manager Leaves Their Home
WINSTON-SALEM, NC–(MARKET WIRE)–Nov 8, 2006 — ALR Technologies, Inc. (OTC BB:ALRT.OB – News) announces that the Constant Health Companion(TM) (brand name for the ALRT500), the company’s home health management compliance system can fill a serious gap in current health management practices. According to Stan Cruitt, President of ALR Technologies, current disease and health management practices have a serious gap in care. “The patient is well taken care of when they are in the hospital, in the medical clinic, at the pharmacy or when the care giver or case manager is visiting their home, but once the patient is left to take care of their own schedule of medications, treatments and other actions necessary to get well or stay healthy they often are noncompliant and this is where health management breaks down,” reports Cruitt.
“The opportunity to help patients with serious health conditions achieve better health results while lowering their cost of care for the insurance payer is now a reality with the Constant Health Companion,” reports Cruitt. “A study in Missouri Medicaid using compliance reminder systems with a population of diabetic patients resulted in annual average cost savings of $3400 per person. Annual cost savings with other disease states could range up into the tens of thousands for some conditions up to hundreds of thousands for those with organ transplants.”
Of all medication-related hospital admissions in the United States, 33 to 69 percent are due to poor medication adherence, with a resultant cost of approximately $100 billion a year, according to a New England Journal of Medicine 2005 study. “Currently disease management practices do not adequately address this problem,” adds Cruitt.
“Our Constant Health Companion is portable and easy to use, it stays with the patient wherever they go, it alarms to remind them to take the medication or treatment at the appropriate time(s) of day, displays on a screen with large font the exact actions to take and allows for a caregiver or case manager to remotely monitor the patients compliance. The disease management industry was built around the need to provide additional assistance to those with serious health conditions, and although proven to be beneficial, most of the effort goes to waste when the patient is noncompliant. And the patient is often noncompliant. Many factors contribute to noncompliance and two of the primary factors are busy lifestyle and complex regimens. Our Constant Health Companion provides the solution for both of these situations.”
The ALRT Constant Health Companion is portable, affordable and easy to use. It also allows remote programming changes and messaging to the patient about appointments, refills, or precautionary information. ALR Technologies reports that after several months of pilots and trials they completed their first limited manufacturing run in 3rd Quarter and a full manufacturing schedule is now underway with shipments to customers starting in January of 2007.
About ALR Technologies Inc.
ALR Technologies, which specializes in health and disease management products and services, designs and manufactures medication compliance products and compliance home-monitoring and intervention systems to meet the needs for several targeted user groups. More information on the ALRT Constant Health Companion can be found at http://www.alrt.com/products/alrt500.html and more on ALR Technologies at http://www.alrt.com.
This release contains certain “forward-looking statements” relating to ALR Technologies business, and these statements reflect the current views of ALR Technologies with respect to future events and are subject to certain risks, uncertainties and assumptions. When used, the words “estimate,” “expect,” “anticipate,” “believe” and similar expressions are intended to identify such forward-looking statements. There are many factors that could cause the actual results, performance or achievements of ALR Technologies and its products to be materially different from any future results, performances or achievements that may be expressed or implied by such forward-looking statements. Further management discussions of risks and uncertainties can be found in the company’s quarterly filings with the Securities Exchange Commission.
Contact:
Public and Investor Relations:
Mercom Capital Group, llc
tel: 1.512.828.6645
e-mail: Email Contact
Source: ALR Technologies, Inc.
View the StockGuru Profile for ALR Technologies:
http://www.stockguru.com/profiles/alrt/
We Invite you to Visit the All New StockGuru Blog!
Here you will find updates on all our covered companies, including Profiled Companies and StockGuru Picks.
Click HERE to visit the Blog, or go to:
http://stockguru.com/blog/
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (214) 458-4258. Web: StockGuru.com. Email: Publisher@stockguru.com. Disclosure: Pentony Enterprises LLC was compensated $15,000 from a non-controlling third party for profile coverage. Pentony Enterprises LLC is not a registered investment adviser or broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
