|CYBERCARE TEAMS WITH IBM TO FACILITATE TELEHEALTH REMOTE MONITORING |
Application/Infrastructure Combination Enables Remote Healthcare Management of Patients
BOYNTON BEACH, Fla. - (Dec. 17, 2001) CyberCare, Inc. (Nasdaq: CYBR), a Boynton Beach health care and technology provider, today announced it will join with IBM (NYSE: IBM) to deliver cutting-edge telehealth remote monitoring and real-time interactive communications systems by utilizing IBM e-business solutions and CyberCare's Electronic HouseCall® (EHC(TM)) family of products.
The IBM technology will help CyberCare deliver the products, applications and infrastructure for more effective and efficient electronic disease and healthcare management, which includes automatic data collection, case management and personal interaction. The CyberCare System(TM) helps the provider track clinical outcomes and improves medication and treatment compliance. Facilitating the delivery of healthcare by telehealth solutions helps to control costs while improving patient satisfaction and quality of services.
CyberCare will use several IBM offerings including: e-business hosting services to host, monitor and manage the CyberCare applications; network infrastructure and management which allows for video teleconferencing; field service and installation support, as well as help desk services. Connectivity, customized for local requirements, will be provided by IBM Business Partner Virtela. Additionally, CyberCare will continue to leverage both IBM hardware and software products in the overall solution.
Both industry and CyberCare-initiated studies continue to document the efficacy of telehealth and remote monitoring solutions in the care of patients. Several examples include the following: one HMO study documented savings as compared to a baseline study group, a second study by a prominent Midwest university documented a reduction in inpatient/outpatient visits, as well as savings in the cost of care per participant, and a study by a U.S. government organization documented cost savings while improving patient satisfaction over a six-month period. The technology associated with the improvements indicated in these studies is incorporated in the CyberCare family of products.
In addition to this agreement, IBM and CyberEuroCare have begun the rollout to support a 100-unit pilot in Sweden that will demonstrate the efficacy of telehealth treatment for chronically ill patients at a leading Swedish healthcare provider. This deployment utilizes IBM Business Partner AT&T (NYSE: T) for patient and caregiver connectivity.
Deployment in the United States of the combined solution at several healthcare providers will be initiated shortly.
"We are very proud of this alliance with IBM," said Joe Forte, president of CyberCare, Inc. "It will allow us to remain true to our business focus, ensuring a quality product with flawless execution. Our customers will be assured of state-of-the-art infrastructure, complying with industry requirements for security, confidentiality and privacy."
Forte further stated, "This will allow us the freedom to focus on the development and delivery of unmatched application solutions, ensuring customer and shareholder value."
"This offering combines IBM's infrastructure and e-business expertise with the CyberCare applications and telehealth expertise," said Dave Carlquist, vice president, Global NetGeneration Business. "By working together, IBM and CyberCare will enhance state-of-the-art technology for healthcare management, an area that greatly benefits from e-business."
The IBM and CyberCare alliance is another example of IBM's commitment to go-to-market with industry software and application vendors through the PartnerWorld and Service Provider for e-business programs. This alliance will enable IBM and CyberCare to provide fully integrated telehealth solutions to their customers utilizing the EHC family of products coupled with IBM e-business solutions.
About CyberCare, Inc.
CyberCare, Inc. is a network-based telehealth solutions company improving the delivery of care through its Internet-based technology. CyberCare creates a live, interactive community that incorporates all members of the care team in the healthcare delivery process, resulting in cost reduction and improvement in the quality of patient care. Utilizing patented technology for remote monitoring and real-time interactive communications between chronically ill patients and their providers, CyberCare's Electronic HouseCall® System allows for effective and efficient data collection, case management and personal interaction. Headquartered in Boynton Beach, Fla., CyberCare also has physical, occupational and speech therapy businesses and an institutional pharmacy business. Visit CyberCare's Web site at www.cybercare.net.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, product acceptance and effectiveness, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
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