MedeFile International, Inc. (MDFI.OB) has made tremendous positive movement in the stock market in the past several weeks. After starting out the month at $0.11 per share, MDFI closed at $0.32 per share yesterday. A steady, three-fold increase in one month shows the confidence being built behind MedeFile.
MedeFile is focused on developing its technology and services to assist people in gathering and organizing key healthcare data. The company collects all of a patient’s records and digitalizes the medical records into a comprehensive file that can be accessed through a specially designed portable drive or through a call to its central data center.
As physicians and consumers learn about the benefits of the MedeFile services, interest in the company has blossomed. MedeFile has been able to enter into a variety of agreements this year with practices and companies that understand the void in the medical business that MedeFile is filling.
The Personal Choice Family Practice in Jupiter, Florida, was one of the first facilities to show its confidence in MedeFile. Dr. Lorne Stitsky, known locally as the “House Call Doc”, leads the concierge medical practice and wanted to “practice medicine the old fashioned way – but with a high tech twist.” The twist is providing each of his 400 patients with a standard MedeFile membership in conjunction with at-home and same-day appointments.
Dr. Stitsky previously had a practice that supported over 30,000 patients and on average would see at least 30 per day. “In that fast-paced, time-constrained environment, ensuring the delivery of superior medical care with any level of consistency unfortunately proved challenging, if not altogether impossible. Moreover, the highly inefficient use of time and resources spent tracking down old medical records, insurance information, test results and critical clinical data from other care specialists who were also treating my patients proved both frustrating and costly.”
In May, Hayes Clinical Laboratory agreed to market MedeFile services to its patients. Nearly 500 heathcare practitioners refer their patients to the Hayes facilities for testing. Hayes’ five laboratory locations in South Florida administer testing to over 180,000 patients annually, and often see identical testing being performed on patients. The Hayes management team hopes that the MedeFile services will reduce the testing redundancy often seen in its client base.
Earlier this month, API Marketing, Sales & Advertising Company agreed to market MedeFile memberships to consumers in its 100,000 retail outlets located throughout the Continental U.S., Hawaii, and Canada. API specializes in marketing consumer products to convenience stores, gas stations, bodegas, health food stores, and independent pharmacies.
CEO and President of API, Alex Pappas, stated, “Once we understood what the MedeFile solution was, we came to the fast conclusion that there is simply no one who should be without it. Aside from providing peace of mind, convenience and security, this cost effective and tech-savvy electronic medical record management solution is also environmentally friendly, helping to eliminate, to large degree, the need for producing hard copies of health records.”
Chairman and CEO of MedeFile, Milton Hauser, recently stated, “MedeFile is on a mission to educate the nation’s healthcare community on the fact that centralizing actual medical records with the patient is the key to achieving real, positive change to the U.S. healthcare delivery system. By winning the support of respected medical institutions and providers, such as Hayes Labs, we are succeeding in helping others to realize and appreciate the many important convenience, care-enhancing and cost-saving benefits made possible with the MedeFile solution.”
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