ALR Technologies to Establish Constant Health Companion(TM) ("CHC(TM)") as Standard Operating Procedure in Fast Growing Multi-Billion Market
WINSTON-SALEM, NC--(Marketwire - November 19, 2007) - ALR Technologies, Inc. (OTCBB: ALRT) is
pleased to announce that they have completed software enhancements on the
CHC™, a comprehensive healthcare management system to facilitate
containment of healthcare costs by improving efficiency and effectiveness
of caregivers. An innovative feature of the system is to provide a
documented audit trail for evaluation of healthcare programs. Patent
applications have been filed for expanded intellectual property.
CHC's target market, home healthcare technology, is a new and rapidly
growing segment in US healthcare. The driving force for growth is the
escalating cost in healthcare. Medication noncompliance, such as failure
to take medications or to complete therapeutic tasks as prescribed,
currently contributes more than $150 billion annually in excess and
preventable costs. A recent research report from Forrester Research, Inc.
projected the home health technology market to grow to $5 billion by 2010
and then to $35 billion by 2015.
In addition, the CHC system addresses a serious deficiency in healthcare
management, the absence of ongoing oversight of patients. Adequate care is
available to patients when they are in hospitals, clinics or while
caregivers are at their homes. Healthcare breaks down when the patients
are left alone to follow their prescribed therapies. The CHC system
enables a healthcare provider to remotely monitor the patient's compliance,
thereby allowing for timely intervention.
An added feature of this system is its ability to provide documentation of
patient compliance and accountability of the actions of healthcare
professionals which were previously unavailable. This allows health plans
to adjust pricing based on performance.
The CHC is an affordable, portable and easy to use system. It costs 30%
less and provides more features than any other system available in the
ALR Technologies' goal is to be a leader in this new and rapidly growing
market by establishing the CHC system as a "standard operating procedure"
(SOP) in the US and international healthcare industry.
About ALR Technologies, Inc.
ALR Technologies, Inc. (ALRT) designs and manufactures health management
compliance products and monitoring and intervention systems. ALRT's primary
system, Constant Health Companion™, fills a serious gap in standard
disease management practices. It provides for continued and affordable
compliance supervision of patients after they have left the direct care of
professionals. More information on ALR Technologies and its products can be
found at http://www.alrt.com. More information about the Constant Health
Companion can be found at: http://www.alrt.com/products/alrt500.html.
This release contains certain "forward-looking statements" relating to ALR
Technologies' business, and these statements reflect the current views of
ALR Technologies with respect to future events and are subject to certain
risks, uncertainties and assumptions. When used, the words "estimate,"
"expect," "anticipate," "believe," "to establish" 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 Technologies 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.
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