NEW YORK, Nov. 3 /PRNewswire-FirstCall/ -- Ramp Corporation today announced that it has signed a long-term contract with the Ocean Promenade Nursing Center (“Ocean Promenade”) for the deployment of its HealthRamp CareGiver technology. It is expected that CareGiver will be deployed at Ocean Promenade in the first quarter of 2005. This licensing agreement for CareGiver contains a monthly licensing fee, has a five-year term, and is based on a per-bed, per-day charge. Ramp, through its wholly-owned HealthRamp subsidiary, markets CareGiver, a comprehensive solution for the long term care industry that allows facility staff to easily place orders for drugs, treatments and supplies from a wireless handheld PDA or desktop Internet web browser.
“Our commitment to bringing our residents the safest and highest quality of care is paramount. We are excited about being one of the earliest adopters of the CareGiver technology suite, as we believe it represents the future of technology in the long term care marketplace. CareGiver not only provides our staff with pertinent clinical information at the point-of-care, but over time it will also help control our costs, allowing Ocean Promenade to maintain its current high standards of service,” stated Ocean Promenade Nursing Center Administrator, Akiva Grunewald.
“This contract, in conjunction with our recently announced contract with the Orange County Residential Health Care Facility, represents signed contracts for in excess of $1MM of revenues, covering over 700 beds, a fantastic start given that our CareGiver product has been available for less than 2 months. Ocean Promenade’s CareGiver contract is a strong testimony to CareGiver’s ability to improve the quality of care and workflow in an urban skilled nursing home facility. The New York skilled nursing facility marketplace is one of the most sophisticated long term care markets in the country. With Ocean Promenade embracing CareGiver, we are well-positioned to establish a strong foothold in New York, and look forward to making significant contract announcements on additional New York-based skilled nursing facilities for many months to come,” stated Ramp CEO and President, Andrew Brown.
Ramp Corporation, through its wholly owned HealthRamp subsidiary, markets the CareGiver and CarePoint suite of technologies. CareGiver allows long term care facility staff to easily place orders for drugs, treatments and supplies from a wireless handheld PDA or desktop Internet web browser. CarePoint enables electronic prescribing, lab orders and results, Internet-based communication, data integration, and transaction processing over a handheld device or browser, at the point-of-care. HealthRamp’s products enable communication of high value-added healthcare information among physician offices, pharmacies, hospitals, pharmacy benefit managers, health management organizations, pharmaceutical companies and health insurance companies. Additional information about Ramp, and its products and services, can be found at http://www.ramp.com/.
Ocean Promenade Nursing Center is a skilled nursing facility located at 140 Beach 113th Street in Rockaway Park, New York and has a total of 120 certified beds.
Safe Harbor Statement: To the extent that any statements made in this press release contain information that is not historical, these statements are essentially forward-looking. Forward-looking statements can be identified by the use of words such as “expects,” “plans,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the ability of the Company to raise capital to finance the development of its Internet services and related software, the effectiveness, profitability and the marketability of those services, the ability of the Company to protect its proprietary information and to retain and expand its user base, the establishment of an efficient corporate operating structure as the Company grows and, other risks detailed from time-to-time in our filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statements.
Ramp Corporation
CONTACT: Investors, Andrew Brown of Ramp Corporation, +1-212-440-1548
Web site: http://www.ramp.com/