When the casual investor takes a first glance at MedeFile Inc. (trading under the symbol MDFI), the company’s “top three” services just sort of leap off the page. MedeFile International Inc. is a company specializing in electronic medical records and management solutions, but instead of solutions geared for the healthcare provider, such as insurance or billing software, these management solutions are designed for the consumer/patient.
From their “MedeVault,” a secure online storage location for medical records, to their “MedeDrive,” a patent pending USB device for carrying a person’s entire medical history, and finally “MedeMobile,” which allows secure access to these records from any cell-based phone or PDA in any area of the world, these three technologies make up the core functionality of MedeFile’s operations.
While this trio is nothing short of groundbreaking, and well overdue in this technological age, it’s their ancillary services that may prove to be the consumer’s most cherished possessions. Take, for example, their reminder service, “MedeMinder.” This system will track doctor’s appointments, prescription refill dates, medication schedules, testing facility appointments, and send automatic e-mail reminders as these dates approach. They will also have a representative call the member via phone to remind them to take a medication, or set up for an upcoming test. For the aged, or those with multiple medical issues, this is a lifesaver.
The American Medical Association has stated that one of the biggest problems the elderly face concerning their personal healthcare is their attention to their medicine schedule. Many times they find the elderly forget to take their medicines, or worse – thinking they forgot to take them – take a double dose. In fact, several hundred deaths per year are attributed to nothing more sinister than seniors taking too many double doses of their very own medicines.
MedeFile has created an end-to-end solution for medical record keeping that is the perfect “medicine” for an aging population. Investors with an eye for future growth need to keep their eye on this company as the aging baby boomer population clamors to take more control of their own healthcare. This is a company that has the “right stuff” for the right time.
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