CompuMed, Inc. (OTCBB:CMPD) -- a medical informatics
company serving the healthcare community with diagnostic software
solutions -- today announced for the award of a contract to provide
electrocardiogram (ECG) remote interpretation services for state
correctional facilities in Arizona through the Arizona Department of
Corrections (ADC).
Under the terms of the ADC’s agreement,
CompuMed will provide remote cardiac screening on an as needed basis for
more than 30,000 detainees at the Department’s
correctional facilities statewide. CompuMed now has 44 CardioGram
systems at correctional sites throughout Arizona. The ADC agreement
contains options for multiple renewals/extensions.
"The ADC has been using our Telecardiology Services for many years, so
we are especially pleased that we won the account through a public
bidding process,” said Maurizio Vecchione,
CompuMed’s CEO. "Our quality of service and
experience in the corrections market allows us to build our
telecardiology business at a time when more and more healthcare
providers and facilities are turning to telemedicine to provide high
quality of care at a reduced cost.”
CompuMed’s traditional core business is
providing remote ECG interpretation terminals and related services to
medical facilities that may not have access to physicians trained and
qualified to interpret ECG results. Customers for the Company’s
CardioGram system are typically correctional facilities, ambulatory
surgery centers, occupational health clinics and physician offices. The
CompuMed system significantly reduces healthcare costs by providing
remote cardiac screening at the point of care. Another key advantage is
an optional feature that automatically sends ECG results to a trained
cardiologist for an over-read when the results are abnormal.
For more information, contact CompuMed at (310) 258-5000, or visit www.compumed.net.
About CompuMed
CompuMed, Inc. (OTCBB:CMPD) develops and markets products and services
that combine advanced imaging with medical informatics. Its focus is on
analysis and remote monitoring for patients with cardiovascular and
musculoskeletal diseases. The Company has specialized expertise and
intellectual property in telemonitoring imaging and analysis designed to
improve healthcare provider workflow and patient care while reducing
costs. CompuMed’s core products, the OsteoGram®
and CardioGram™, are
cleared by the U.S. FDA and reimbursable by Medicare. The OsteoGram is a
non-invasive diagnostic system that has been proven in many clinical
studies to provide effective and accurate bone density measurement that
aid physicians in identifying, treating or preventing osteoporosis. The
OsteoGram has significant cost advantages over other technologies in the
marketplace. The CardioGram system is one of the first telecommunication
networks designed to remotely interpret electrocardiograms and is used
by private practice, as well as government and corporate healthcare
providers nationwide. The CardioGram delivers online electrocardiogram
interpretations within minutes of receipt and has the additional
capability of automatically providing an over-read (i.e., follow-up
review) by a cardiologist. CompuMed is headquartered in Los Angeles and
distributes its products worldwide both directly and through OEM
partners. Visit CompuMed on-line at www.compumed.net.
Statements contained in this press release that are not historical
facts, such as statements about prospective earnings, savings, revenue,
operations, revenue and earnings growth, results of contracts and other
financial results, are forward-looking statements pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. All such forward-looking statements including statements
concerning the Company’s plans, objectives,
expectations and intentions are based largely on management's
expectations and are subject to and qualified by risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such statements. These statements are subject to
uncertainties and risks including, without limitation, competitive
factors, outsourcing trends in the pharmaceutical industry, product and
service demand and acceptance, changes in technology, ability to raise
capital, the availability of appropriate acquisition candidates and/or
business partnerships, economic conditions, the impact of competition
and pricing, capacity and supply constraints or difficulties, government
regulation and other risks identified in the Company's filings with the
Securities and Exchange Commission including its Annual Report on Form
10-KSB and Quarterly Reports on Form 10-QSB. All such forward-looking
statements are expressly qualified by these cautionary statements. The
Company expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements to
reflect events, conditions or circumstances on which any such statement
is based after the date hereof, except as required by law.
Tellem Worldwide
Susan Tellem, +1-310-479-6111, ext. 1
stellem@tellem.com