TORONTO, ONTARIO--(Marketwire - February 12, 2009) - Attention: Business/Financial Editors
The Medipattern Corporation (TSX VENTURE: MKI), a pioneer in the development of medical software solutions that help improve imaging workflow and productivity, announces its new sales model for accessing the benefits of B-CAD. The new model offers all of the separate components that are required to install, train, use and maintain B-CAD as one package under one monthly service fee. Medipattern is effectively managing the service of providing computer aided detection (CAD) for breast ultrasound imaging for its customers with the B-CAD-FOR-LIFE™ plan.
"We first spotted B-CAD for the benefits that it could offer our practice early last year, but we are a small business on a tight budget," stated Olga Tsireshkin, MD founder of XXI Century Radiology and Imaging, P. C. located in Brooklyn, New York. "With B-CAD-FOR-LIFE, Medipattern still owns its asset, B-CAD; installs it, trains our staff in how to use it and maintains it for a monthly fee. This can give XXI Century immediate access to all of the benefits of B-CAD: saving time in documenting each case, improving communication of detailed information, that CAD second opinion, and reimbursement for the procedure in an affordable package. Another important benefit we gain is reporting, before B-CAD we paid a transcription fee for every line on every report, with B-CAD the information is communicated in a concise report - as an automatic part of the procedure. This eliminates transcription fees, reduces human errors, and saves our radiologists the time that they had spent double checking their reports. Our sonographers can make detailed notes electronically now and our radiologists review the Sonographer worksheet plus the CAD information. B-CAD is much more efficient."
"B-CAD has been proven to increase diagnostic accuracy by 44 percent in lesions less than 1 CM in a paper by Dr. Jun Lai Li and Dr. Dan Fei Song, and published in the American Journal of Clinical Oncology. B-CAD has also been shown to save about eight minutes on average per patient at the Catholic Medical Center in Manchester, NH. B-CAD organizes information and because of the structure it gives reporting, B-CAD increases the consistency in reporting and our customers have received reimbursement for the B-CAD procedure from over 30 payers to date and yet, private practices are struggling to be able to afford new capital equipment, through either purchase or lease programs," commented Jeff Collins, CEO of The Medipattern Corporation. "The answer seemed clear that we needed to create a program that could give our customers immediate access to all of the advantages of B-CAD. One B-CAD installation can consist of many software seat licenses and additional computers depending on number of sonography rooms, radiologist reading stations and workflow. All of the components to tailor the installation for each customer including B-CAD software, seat licenses and hardware, as well as training, installation and maintenance fees, are bundled under one flat monthly fee in the B-CAD-FOR-LIFE program. B-CAD-FOR-LIFE launched this month and is currently available in the United States."
"We are pleased to work with Dr. Tsireshkin and her entire staff at XXI Century. They set the standard in their region for quality of care and dedication to bringing their patients the latest advancements in patient care. We congratulate our channel partner, Physician's Consultant founded by Amy Eriksen in facilitating this agreement. Medipattern's reseller partners are fully authorized to offer the B-CAD-FOR-LIFE program."
Upcoming Events:
- AIUM (American Institute of Ultrasound in Medicine), April 2-5, 2009 in NYC, NY
- BIC (Breast Imaging Conference), May 25-28, 2009 in Anaheim, CA
About The Medipattern Corporation:
Medipattern® is a pioneer in the development of medical software solutions that help improve imaging workflow and productivity. Our first-to-market, award-winning B-CAD® advances breast ultrasound computer aided detection (CAD) by streamlining workflow and organizing information into a comprehensive patient record. Medipattern uses its Cadenza™ CAD Technology to power the digital conversion in medical communications. B-CAD automatically creates fully digital standardized worksheets and reports that make every practice more efficient, productive and ultimately more effective. For more information, please visit the Company's website at: www.medipattern.com.
B-CAD® and Medipattern® are a registered mark of The Medipattern Corporation.
Forward-looking statements
This document contains forward-looking statements relating to Medipattern's performance, operations, or business environment. These statements are based on what we believe are reasonable assumptions given currently available information and our understanding of Medipattern's current activities. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential", and similar expressions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. A number of factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements. These factors include but are not limited to those set forth in the Company's corporate filings, (posted at www.sedar.com). In addition, these forward-looking statements relate to the date on which they are made. The Company disclaims any intention or obligation to update or revise any forward-looking statements for any reason. Readers should not rely on forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this release.
Contacts:
The Medipattern Corporation
Jeff Collins
CEO
(416) 744-0009 ext. 224
Email: jcollins@medipattern.com
Website: www.medipattern.com
Spinnaker Capital Markets Inc.
Kevin O'Connor
(416) 962-3300 ext. 226
Email: ko@spinnakercmi.com