Published: February 24, 2006
ALR Technologies' Disease Management Solutions Presents Opportunity to Significantly Lower Healthcare Costs of Patients with Chronic Diseases
ALR Technologies to Deliver the ALRT500, a Medication and Treatment Compliance Reminder System to Customers in Third Quarter 2006
ALR Technologies, Inc. (OTC BB: ALRT) is
pleased to announce that it has completed the development of its
next-generation medication and treatment compliance reminder system, the
ALRT500 and has scheduled a small-scale first production run to be
delivered in the third quarter of 2006. The company has already received
an overwhelming response from healthcare providers, disease management companies
and private insurers and
expects to sell out entirely of the first production run before its third
quarter shipment. The company is expected to generate approximately
$900,000 in twelve month revenue from the volume of this first production
run alone.
Plans are already being formalized for larger production runs with expected
delivery before year end. ALR
Technologies generates its revenue from the sale of the hardware as
well as monthly monitoring service fees, in addition to other product
sales.
ALR Technologies' Medication
Reminders have already demonstrated a 97% improvement in patients
taking prescribed doses, in a study conducted by Columbia University. In
addition, reduced cost of care was demonstrated by a study conducted by
Missouri Medicaid. An average annual cost savings of $3,400
per diabetes was achieved for patients using a compliance reminder system
compared to the control population.
About the ALRT500
The ALRT500 is a medication and treatment reminder system that prompts a
person to take the necessary
treatments, medications or other health related actions in addition to
the appropriate dosage with caregiver instructions at the
appropriate time(s) of day. The directions are displayed on a screen on
the handheld sized device. It has been designed to continuously prompt a
patient until notification is received that the appropriate action has been
taken.
The ALRT500, in conjunction with the Home Health Monitoring
System allows caregivers and healthcare providers to monitor the patient and
determine if the patient is taking medications or treatments at the
appropriate times. This allows the caregiver to intervene when a patient
is non-compliant and may be at risk.
This reminder system was designed for patients with chronic conditions such
as diabetes, heart disease, pulmonary disease, HIV, mental disorders, organ transplant, post surgery and severe asthma, or even those with less
severe problems but must be compliant with medications. The ALRT
monitoring system is the only system that provides monitoring of nebulizer compressors, used
by COPD patients to
maintain health. In early 2007, the ALRT Home Monitoring system will also
have enhanced capabilities that will enable the monitoring of use and data
from medical diagnostic equipment such
as blood pressure and blood glucose monitors.
For more information on the ALRT500, please visit:
http://www.alrt.com/PC500/index.html
About ALR Technologies, Inc.
ALR Technologies, which specializes in health and disease management
products and services, has designed and manufactures medication compliance products
and compliance home-monitoring and intervention systems to meet the needs
for several targeted user groups. Products are now in use by patients
taking medications or treatments for conditions such as hypertension, high cholesterol, Parkinsons, diabetes, organ transplant, depression, anxiety, asthma, glaucoma and more. More information on ALR
Technologies and its products can be found at http://www.alrt.com.
This release contains certain "forward-looking statements" relating to ALR
Tech's business, and these statements reflect the current views of ALR Tech
with respect to future events and are subject to certain risks,
uncertainties and assumptions. When used, the words "estimate," "expect,"
"anticipate," "believe" and similar expressions are intended to identify
such forward-looking statements. There are many factors that could cause
the actual results, performance or achievements of ALR Tech and its
products to be materially different from any future results, performances
or achievements that may be expressed or implied by such forward-looking
statements. Further management discussions of risks and uncertainties can
be found in the company's' quarterly filings with the Securities Exchange
Commission.
Distributed by Market Wire
Copyright © 2012, MarketWire
Copyright © 2012, NewsBlaze,
Daily News