FOR IMMEDIATE RELEASE
New Rochelle N.Y.— October 29, 2004—OCG Technology, Inc.
(OTCBB:OCGT) announced today that its wholly owned subsidiary PrimeCare
Systems, Inc. (“PSI”), has developed a new healthcare insurance
product called PrimeCare™ Online (“PCO”). PCO enables
health insurers to reduce the cost of primary care insurance for enrollees
and introduce a new cost-effective product to millions of uninsured
Americans. PCO utilizes PrimeCare™ Patient Management System Version
Nine (“PrimeCare™”). PCO complements insurers' traditional
HMO, PPO, POS plans.
PCO includes an innovative set of primary care services. Insurers can
utilize a medical services desk (“Triage Desk”) staffed
by physicians, physician assistants, and registered nurses. The Triage
Desk is available 24/7 to serve the PCO enrollees.
At the time of enrollment an annual exam and complete Health Assessment
questionnaire is completed by each patient and stored in their PrimeCare
medical record. When the PCO enrollee has a heath concern, they contact
the Triage Desk and explain their problem, i.e. sore throat, abdominal
pain, etc. The medical staff member asks some pertinent questions and
then arranges for the member to complete one or more of PrimeCare’s
280 History of Present Illness questionnaires (“HPI”). The
patient then completes the assigned HPI by logging onto the PrimeCare™’s
secure internet access or via telephone. The medical staff member determines
and advises the patient of the proper medical steps to complete their
online visit and stores the encounter in the patient’s PrimeCare
record. All information is secure and compliant with HIPAA guidelines
for electronic medical records.
Marriott Winchester, Senior Vice President of PSI said, “We are
working with health insurers to create new and innovative services that
encourage patients to use PCO. It is anticipated that through the use
of PCO unnecessary office visits can be reduced by at least 25-35%,
thus saving the health system millions of dollars. When the 70% to 80%
of the PCO patients that do need to see a doctor, they are properly
pre-screened and where appropriate sent for medical tests before they
are seen by a health plan physician. This saves both, time and money,
and allows physicians to spend more time with the patients that need
to be seen.
We are working with several major insurers to initiate pilot programs.
The prospect to enable health insurers to provide an improved new health
care service that increases access to healthcare and reduces cost is
a revolution in the health care industry. We look forward to working
with the leading insurers within the United States and national health
systems outside the US.”
About OCGT and PSI
OCGT and PSI created, maintain, and market PrimeCareTM, a complete,
redesign and re-write of the Company’s original electronic medical
record system. PrimeCareTM is a robust multi-tier client-provider patient
management system, designed for geographically separated tiers, providing
patient, physician and staff interactive connectivity. It creates an
electronic patient record that assures consistency and improved quality
of care, increases clinical efficiency and productivity, enables rapid
access to patient data for clinical care, and outcomes research.
Safe Harbor Statement:
The statements that are not historical facts contained in this release
are forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, and OCGT intends that such forward-looking statements be
subject to the safe harbors created thereby. These forward-looking statements
include predictions, estimates and other statements that involve a number
of risks and uncertainties any, or all, of which could cause actual
results to differ materially from any future performance suggested herein.
While this outlook represents OCGT's current judgment on the future
direction of the business, such risks and uncertainties may individually,
or mutually, impact the matters herein described, including but not
limited to product acceptance, economic, competitive, governmental,
results of litigation, technological and/or other factors, which are
outside the control of OCGT, as well as those risks and uncertainties
detailed in the Company's Security and Exchange Commission filings.
Company Contact:
OCG Technology, Inc.
Executive Vice President
Jeffrey P. Nelson
(914) 576-8464, ext. 21
InvestorRelations@ocgt.com
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