ALR Technologies, Inc. is focused on designing, marketing, and distributing technology-based products to help people achieve better health and well-being. Their products include Medication Administration Reminders that help enhance the medication’s therapeutic benefit by improving compliance.
The company is a pioneer in the growing markets of home health management and disease management. Although medical researchers and pharmaceutical companies have been successful creating treatments to manage diseases and health issues, the treatments are ineffective if there is poor medication compliance at home.
The emerging issue of patients incorrectly following medication directions contributes to more than $140 billion annually in unnecessary heath care costs. Healthcare costs alone account for more than 15% of U.S. gross domestic product and is projected to reach 25% by 2020, offering companies such as ALR Technologies a great opportunity to capitalize in the emerging market.
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