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American Diversified Holdings Corporation Sets Software Development Strategy to Create Mobile Health Electronic Health Care Platform for Apple Computer and Android Tablet Devices(January 25, 2011)
DEL MAR, Calif., Jan. 25, 2011 (GLOBE NEWSWIRE) -- Chairman/CEO Ernest B. Remo announced today that American Diversified Holdings (Pink Sheets:ADHC) has set a strategy for software development to create a mobile platform in the electronic health records (EHR) market specifically designed for the Apple® iPad™. Other mobile platforms, including the Android™ developed by Google®, will also be integrated into the strategy.
American Diversified Holdings Corporation is developing a unique software platform for the Mobile Health Care Market as the medical profession gears up to go electronic for Electronic Health Records (EHR) and also for direct patient monitoring and information.
American Diversified Holdings has contracted with Com-Guard, Inc., a San Diego-based technology firm that has been developing software in the security and data protection markets for more than 10 years, to create this mobile application (press release of Dec 21, 2010).
"Engaging an experienced software company like Com-Guard gives us an opportunity to execute our strategy of defining healthcare markets, including electronic health records that will require the new mobile platform for the collection, analysis and data presentation. We plan to work within the healthcare industry and with healthcare providers, including Electronic Health Records, to acquire content for the fast growing mobile platforms," said Mr. Remo.
The healthcare industry is among the fastest growing handheld device markets, and was expected to increase by 7% to $8.8 billion last year, according to Kalorama Information. A report from the Medical Group Management Association (MGMA), based on a survey of 1,324 primary care and specialty practice members, found significant financial benefits to using an electronic health records system. It reports that independent practices had a median of $49,916 more revenue after operating costs per full-time physician in 2009 than paper-based practices. Hospital- or delivery system-owned multi-specialty practices with an EHR had a median operating margin of $42,042 more than paper-based practices.
"We will be paid consulting fees and a royalty for our development efforts," said Com-Guard, Inc. CEO Dr. Edward W. Savarese. "The company has recently received the software developer's license from Apple and is reviewing the software tools for the Android platform."
"Developing a proprietary platform will take programming resources and expertise. We anticipate funding of the development and will focus our efforts to have a prototype evaluation and/or sale in the next 3 to 6 months," said Mr. Remo
Apple iPads and Android-powered tablets are expected to have explosive growth in 2011, and expecting Microsoft Windows-related tablets likely to be entering the marketplace as well.
While the iPad currently rules the nascent market for tablet devices, a large swath of rival products is expected to benefit from booming demand for mobile-computing gadgets over the next four years. So predicts Oppenheimer & Co., which in a report Monday forecast that shipments of tablet devices will soar from 15.1 million units this year to more than 115 million in 2014 — a compound annual growth rate of 66.5%.
American Diversified Holdings Corporation (Pink Sheets:ADHC) is a publicly traded Company headquartered in Del Mar, California. ADHC is developing a unique software platform for the Mobile Health Care Market as the medical profession gears up to go electronic for Electronic Health Records (EHR) and also for direct patient monitoring and information. ADHC's EHR and mHealth Divisions will focus on Mobile Health Care Applications for iPhone™, iPad™, Android™ and other Smartphone and Tablet Mobile Devices. ADHC will be developing applications for the iPhone, iPad, Android and Other Mobile Devices tailored for specific ailments and protocols to allow medical professionals to monitor patients, get instant feedback and constantly adjust treatments to allow greater flexibility and response time in meeting individual patient needs. Electronic Health Records is the main focus of Federal Funding in the Hitech Act, and mHealth or mobile Health is a term used for the practice of medical and public health, supported by mobile devices. The term is most commonly used in reference to using mobile communication devices, such as mobile phones for Health Services and information. With the advent of Smartphones, Tablet devices and the pervasiveness of broadband and the internet, the future of Medical Care will be designing software to connect these devices in a uniform and secure manner.
This press release contains forward looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. American Diversified Holdings common stock currently trades on the over-the-counter "Pink Sheets" under the symbol ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no inference has been made that this release contains all such information.
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