“Seniors face increased risk of identity theft, which can lead to abuse from private care providers, false claims for Medicare reimbursement, and other fraudulent activity. That’s why we're thrilled to integrate Circura with MedicFP’s identity verification solutions.” Val Ornoy, LifeAssist CEO
HOLLYWOOD, Fla., and SAN FRANCISCO April 30, 2018
MedicFP, a South Florida-based biometric company dedicated to providing innovative software solutions to revolutionize patient care, and LifeAssist Technologies (LifeAssist), a San Francisco, California-based leader in caregiving solutions for professional care providers, families and seniors, today announced that the companies have entered into a joint venture, which integrates two of their leading technology-based solutions. Under the terms of the agreement, MedicFP will provide VerifyID®, its facial biometric identification solutions, and LifeAssist will provide Circura™, its SaaS enterprise care coordination platform, to the partnership. Together, both parties aim to create a safer environment for highly vulnerable patient populations and caregivers, as well as to provide tools to engage caregivers in collaborative care for long-term chronic populations and facilitate the integration of medical-related data originating in the home into electronic medical records.
“We are excited to establish a joint venture with LifeAssist, and are excited through the synergies of our combined solutions to address three key areas: reduce waste, prevent fraud and, most important, coordinate the care and wellness of the home health patient within the walls of their home, in part due to the growing needs of Electronic Visit Verification (EVV) as per the 21st Century Cures Act,” said MedicFP Chairman, President, and CEO, Ruben J. King-Shaw, Jr. “LifeAssist’s expertise in utilizing technology to drive coordinated, patient-centric communication, integrated with our facial biometric identification capabilities, allows us to collectively improve patient safety and protect vulnerable patient populations from healthcare fraud and system abuse.”
The partnership draws on the strengths of both companies to address a growing concern across healthcare: medical identity theft and the mounting rates of Medicare and Medicaid abuse. VerifyID combines healthcare data with biometric facial identification to certify that the correct patient is receiving the correct care at the correct time and place. Circura enables all relevant caregivers—professional, family and others—to effectively coordinate care by communicating and sharing data in a secure, HIPAA compliant, permission-based SaaS platform. By integrating the two technologies, MedicFP and LifeAssist will be able to ensure that the identity of an individual claiming to be a healthcare provider has been cross-checked and verified prior to the provision of care.
The United States Government Accountability Office (GAO), a nonpartisan agency that investigates federal spending and performance, estimates that about 10% of Medicaid and Medicare expenditures are attributed to fraud, waste, and abuse. That equates to approximately $120 billion annually, more than the total federal budget for science, energy, and the environment. The partnership between MedicFP and LifeAssist will also work to prevent such fraudulent reimbursement claims, which can result in the disruption of care and jeopardize the health of patients.
“Our mission is simple: to create coordinated, caregiving solutions that empower older adults and support their caregivers,” said Val Ornoy, CEO of LifeAssist. “Seniors today face an increased risk of identity theft, which can lead to abuse from private care providers, false claims for Medicare & Medicaid reimbursement, and other fraudulent activity. That’s why we are thrilled to integrate our technology with MedicFP’s identity verification solutions. Together, we have the opportunity to protect seniors, bring peace of mind to their loved ones, and help to ensure that patients are receiving the healthcare they need and deserve.”
The joint venture reflects MedicFP’s continuous commitment to patient safety and accuracy, and LifeAssist’s vision of empowering older adults to live healthy, independent and joyful lives, while supporting the needs of their caregivers and care providers. For more information, please visit https://www.medicfp.com and http://www.lat.care.
MedicFP is a biometric identity company providing technologies to enhance the trust and security of human interactions by authorizing, verifying, and enabling secure transactions between consenting parties. We believe that the age of passwords, keys, and cards as tools to protect your information, your assets, and your identity is over. We believe that each of us is the key to our own security. We believe in the power of each individual to reshape your world in your own image. We believe in the power of technology to improve lives, communities, and nations. We believe that we can all live safe, sound, secure, and together. For more information about MedicFP and its identity-based solutions for healthcare, hospitality and education, please visit https://www.medicfp.com or call 954.210.7830.
About LifeAssist Technologies
LifeAssist Technologies is a digital health technology and services company dedicated to simplifying the lives of caregivers, providers and older adults. By leveraging the full capabilities of mobile technology, our products empower older adults to maintain healthy, independent lives, while jointly supporting their caregivers in balancing day to day workload and stress. Our Circura platform enables ongoing connections for secure, transitional care that bridges silos between people and data. For more information about LifeAssist and our suite of solutions, please visit http://www.lat.care or call 415.713.6563
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