On Track Innovations Ltd.
J4 MediSmart AND OTI ANNOUNCE FIRST DEPLOYMENT OF MEDISMART IN THE U.S.
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J4 MediSmart AND OTI ANNOUNCE FIRST DEPLOYMENT OF MEDISMART IN THE U.S.
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Installation to Start at HARMONEX(R) Outpatient Mental Health Services
Planned Expansion in 2005 to Include Network of Affiliated Practitioners
Fort Lee, NJ and Atlanta, GA – October 20, 2004 — On Track Innovations Ltd,
(OTI) (NASDAQ: OTIV; Prime Standard [Frankfurt]: OT5), a global leader in
contactless microprocessor-based smart card solutions for homeland security,
micropayments, petroleum payments and other applications, and J4 Technologies,
Inc., an Atlanta based multi-industry technology solution provider and its
subsidiary J4 MediSmart, Inc., announced today that HARMONEX(R) – Outpatient
Mental Health Services has commenced using the OTI medical smart card
solution “MediSmartTM” in its clinics. The initial sites deploying MediSmart
are the Dothan and Shoals Clinics in Alabama, which include approximately
10,000 patients. HARMONEX(R) plans to expand the MediSmart program to six
additional facilities and a network of affiliated practitioners by 2005. With
the MediSmart product, OTI generates revenues from hardware and software
sales, along with on going transaction and license fees.
The MediSmart solution enables HARMONEX(R) to fulfill its vision of developing
a national network of outpatient behavioral medicine practices under a uniform
centralized corporate management structure using state-of-the-art and highly
secured electronic medical records and integrated electronic billing.
The OTI MediSmart solution already is installed with CareCross Healthcare
Network in South Africa, which serves a network of over 1,000 contracted
healthcare or service providers. The /program has already reduced call center
calls by 95%, resulting in greater treatment time and lower call center costs.
Part of OTI’s SmartID product family, it provides verification of patient,
physician and patient benefits, through:
1. A personal identification, biometric authentication and additional personal
data sections, secured via biometric verification without the need for a
mainframe or database of any kind
2. A medical benefit, risk and management data section, accessible only by
healthcare professionals including files for referrals, medical certificates
and messages to facilitate better communication between healthcare
professionals, and
3. A payment portion that enables e-purse and credit and debit payments.
Another valuable feature of the system is its multiple purpose use. Cards that
are issued for medical purposes can concurrently be used for Worker’s
Compensation programs, secured access control, and time and attendance
management.
The OTI/J4 MediSmart solution was developed to specifically address
recommendations defined by the Federal Government’s Healthcare Reform
Initiative adopted by the House of Representatives in June 2003. The
objectives of the Department of Health and Human Services (HHS) target:
– Improvement of clinical decisions,
– Reduction of duplicative data entry,
– Reduction of medical errors or Rx, and
– Easy and rapid access to patient medical information.
Dr. Nelson Handal CEO of Harmonex, Inc. said, “In our opinion, we are at an
exciting juncture for quality medical care and efficiency with cost savings by
decreasing the paper work, and allowing the physician more time with the
patient to practice Medicine in the area that he was trained, rather than
dividing his time for administration just to get paid for his services”. Dr.
Nelson added: “rapid access to patient medical condition records within the
healthcare provider community will provide all concerned with organized
information and reliable medical data, in a secure environment, in order to
make appropriate clinical decisions”
Dirk Joubert of J4 Technologies stated, “The J4 3 in 1 MediSmart solution
relieves doctors of tedious administrative work and empowers them to make
consistent clinical decisions that improve outcomes and grows patient centric
medical records and cases, all told, enabling the healthcare professional to
focus more on taking care of their patients.”
“We are pleased with this first installation of MediSmart in the U.S. Applying
the OTI/J4 MediSmart technology as an integrated health care solution reduces
costs to the healthcare provider and improves services through effective
patients benefits verifications,” Oded Bashan, CEO of OTI commented.
About HARMONEX(R)
Dr. Nelson Handal CEO of Harmonex, Inc. has instituted an innovative business
model for Pediatric Psychiatry that involves the community, the internet, the
hospital, pediatricians, clinical psychologists, and schools to triage
mentally ill children and learning disabilities for diagnosis and treatment
with objective follow-up, assessments, and progress reports on drug and
psychotherapy with excellent results. The entity, Harmonex, has several
clinics with plans for 10 others in the Southeast. http://www.harmonex.us
About J4 Technologies
Incorporated in 1982 in Delaware, J4 has been an incubator and architect of a
number of unique processes, some patent pending, that offer powerful solutions
to industries as diverse as Construction, Mining and Petroleum. J4’s
registered corporate office is based in Atlanta GA. with service and support
provided by its affiliated facility in Virginia Beach VA. For more information
about J4 Medismart, Inc. contact Dirk Joubert at 770 331-9491 Website:
http://www.medismart.net (Under Construction),
About OTI
Established in 1990, OTI (NASDAQ: OTIV, Prime Standard: OT5) designs, develops
and markets secure contactless microprocessor-based smart card technology to
address the needs of a wide variety of markets. Applications developed by OTI
include product solutions for petroleum payment systems, homeland security
solutions, electronic passports and IDs, micro payments, mass transit
ticketing, parking, loyalty programs and secure campuses. OTI has a global
network of regional offices to market and support its products. The company
was awarded the prestigious ESCAT Award for smart card innovation in both 1998
and 2000. Major clients include: MasterCard International, Atmel, BP, Scheidt
& Bachmann, EDS, Repsol, and the Government of Israel. For more information on
OTI, visit http://www.otiglobal.com
end of message, (c)DGAP 20.10.2004
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WKN: 924895; ISIN: IL0010834682; Index:
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201608 Okt 04
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