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CHIP Verichip (MM)

1.71
0.00 (0.00%)
27 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Verichip (MM) NASDAQ:CHIP NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.71 0 00:00:00

PositiveID Corporation Enters Into Strategic Partnership with Health Network of the Palm Beaches

09/12/2009 2:00pm

Business Wire


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PositiveID Corporation ("PositiveID" or the "Company") (NASDAQ:CHIP) announced today that it has entered into a strategic partnership with the Health Network of the Palm Beaches ("HNPB") to combine efforts on the technological development, implementation, distribution, access and use of PositiveID’s Health Link personal health record (“Health Link”) within the medical facilities, physician networks and related healthcare providers participating in the Southern Florida Regional Heath Information Organization (RHIO). The partnership will initially focus on the county’s safety net clinics including FoundCare, Community Health Center of West Palm Beach, FAU-Westgate and FAU-Diabetes Clinic.

PositiveID and the HNPB also intend to advance the interoperability of Health Link with the electronic medical record (EMR) systems utilized in the other RHIOs throughout the State of Florida, thereby making Health Link accessible to all participating medical facilities, healthcare providers and patients.

RHIOs are the building blocks of the proposed National Health Information Network (NHIN) initiative proposed by the Office of the National Coordinator for Health Information Technology. To build a national network of interoperable health records, the effort must first develop at the local and state levels. The concept of NHIN requires extensive collaboration by a diverse set of stake holders.

Scott R. Silverman, PositiveID's Chairman and CEO, said, "This partnership with the Health Network of the Palm Beaches not only enables us to provide Health Link to a broad group of patients, but it also will help us continue to improve Health Link’s interoperability, a key component of its future success. By ensuring seamless communication between Health Link and the EMR systems currently in use in doctors' offices and hospitals throughout the state, we can gain significant traction in the product's roll-out. We are proud to partner with a community organization representing a large group of individuals and believe our relationship will provide a benefit to both the community and our Company."

About Health Network of the Palm Beaches

Health Network of the Palm Beaches is an alliance of health and human service providers who work together to advance the delivery of healthcare services. HNPB is an independent, non-profit entity that is facilitating an integrated health care system, coordinating care between community health centers, free clinics, the health department, hospitals, independent providers, and other community services. It serves as a Regional Health Information Organizations for Southern Florida.

About PositiveID Corporation

PositiveID Corporation provides unique health and security identification tools to protect consumers and businesses. PositiveID operates in two main divisions: HealthID and ID Security. For more information on PositiveID, please visit www.PositiveIDCorp.com.

Statements about PositiveID’s future expectations, including the likelihood that the partnership with the Health Network of the Palm Beaches not only enables the Company to provide its personal health record to a broad group of patients, but it also will help the Company continue to improve Health Link’s interoperability, a key component of its future success, the likelihood that by ensuring seamless communication between the Company's Health Link and the EMR systems currently in use in doctors' offices and hospitals throughout the state, it can gain significant traction in the product's roll-out, and all other statements in this press release other than historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and PositiveID’s actual results could differ materially from expected results. These risks and uncertainties include the Company’s ability to successfully develop and commercialize the Health Link, the market acceptance of the Health Link, the validity, scope and enforceability of the Company’s patents and those related to the Health Link, the protection afforded by the Company’s patents and those related to the Health Link, government regulations relating to the Health Link, the Company’s ability to fund the continued development of the Health Link, the timing and success of submission, acceptance and approval of required regulatory filings; as well as certain other risks. Additional information about these and other factors that could affect the Company’s business is set forth in the Company’s various filings with the Securities and Exchange Commission, including those set forth in the Company’s 10-K filed on February 12, 2009, under the caption “Risk Factors.” The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.

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