CORAnet System. White Paper

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CORAnet™ System

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White Paper

CORAnet Solutions, Inc. 5231 Massachusetts Avenue

Bethesda, MD

[email protected] 240.640.1555

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1. About CORAnet™

CORAnet Solutions, LLC is an affiliate of Aliron International, Inc., a diversified global health care management company headquartered in Washington, D.C., that for the past two decades has been providing a wide range of medical resources and innovative IT processes for its international clients.

Over the years, Aliron has successfully fulfilled more than 450 large health-care contracts for the U.S. Department of Defense (DoD) and the U.S. Veterans

Administration (VA). These contracts include providing the operation and management of health-care services in multiple DoD sites and in as well as Primary Care clinics that annually have served more than 100,000 active DoD personnel and their families. In all, Aliron has provided health-related services for military personnel in more than 15 states in the continental United States, plus Germany, Italy, Belgium, Korea, Japan, Singapore, Guam, Panama, Alaska and Hawaii; and for veterans in several VA Community Based Outpatient Clinics.

As the technology arm of Aliron, CORAnet™ was developed to fill a vital need in the health care industry: providing private individuals, doctors and other health care

providers with immediate, real-time access to a patient’s complete medical history; and identify individuals who are either unconscious or unable to speak for themselves during an emergency. The solution: a mobile, interoperable, secure and encrypted state-of-the-art technology.

Utilizing the latest server and mobile technologies, the CORAnet team is bringing to market an integration platform that unifies up-to-date information from different

electronic medical record (EMR) systems, while also assuring that the information remains secure and the patient’s privacy is protected. Among its features:

 Real-time online communication of information and sharing of medical records and other information between physicians and staff attending a patient

 Consolidation of patient's medical profile from different data bases

2. CORAnet™ System

CORAnet is not an Electronic Medical Record (EMR) application, nor is it a mobile incarnation of an EMR system. Rather, CORAnet is the first system that provides EMR personnel with immediate access to an individual’s medical records, while also putting true ownership of those records into the hands of that individual. To learn more, read on.

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In a world in which people are becoming increasingly mobile, there is a greater need than ever for individuals to be able to access their medical records quickly and securely, wherever they travel. Those records also must become available to medical personnel, no matter which of the more than 300 different EMR systems a medical operation uses to gather information about its patients. Currently, that need is not being fulfilled.

CORANet is poised to address this by providing the interoperability, security, functionality, availability and mobility issues that each of us will require in this rapidly changing world.

2.2. The Solution – CORAnet™

CORANet is a true mobile solution for accessing and carrying medical records. It solves the problem of a lack of patient access to her or his records by providing a system made up of two major components:

1. The Server Component – CORAnet™ Integration Server (IntegServer)

2. CORAVault™ - a mobile application to be executed on mobile devices such as cellphones, tablet PCs, laptops etc.

CORAnet™ servers are an essential integration layer without which EMR systems cannot communicate with each other. As different EMR systems implement different proprietary protocols, there is virtually no way to communicate between the different systems. CORAnet servers serve as the required integration layer. With the servers, the system can access the different EMR systems, consolidate medical records information and provide a concise, single ―view‖ of those records to the different stakeholders. CORAnet™ servers do not store any EMR data and serve as a ―pass through‖ only as the data is transferred from the EMR systems to CORAVault™.

CORAVault™ is the application of choice for storing and carrying medical records, it is a true mobile software solution.

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Protected by international patents, CORAnet™ integrates cutting edge mobile (Android, iPhone, Symbian, etc) and server technologies for real time medical records management, location and tracking over cellular and wireless network.

CORAnet’s benefits include:

1. Visibility of personal medical records on a mobile, personal device in a secure and visually appealing manner.

2. Efficient and timely availability of medical files during medical emergencies even when the patient is unconscious and /or possibly unidentified.

3. Medical information consolidation into a single point of access.

4. Secure access to up-to-date information (through full indisputable identification of person/s through biometrics or passkey). CORAnet™ servers do not store any EMR data and serve as a ―pass through‖ only as the data is transferred from the EMR systems to CORAVault™.

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The following drawing provides the high level outline of the system and its major components:

Figure 1: CORAnet™ Concept View

3. Market “Readiness”

In a study titled Healthcare Unwired presented at the mHealth Initiative’s Second International mHealth Conference in San Diego1, the Pricewaterhouse Coopers Health Research Institute reported that three in ten Americans said they would use their cell or smart phone to track and monitor their personal health information, and 40 percent said they would be willing to pay for a remote monitoring device that sends health information directly to their health care providers.

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© 2011 – CORAnet Solutions Page 6 The researchers noted that the study results reflect the nascent but fast-growing market for remote and mobile health information, and significant business opportunities for organizations using consumer technologies to support preventative, acute and chronic care.

Pricewaterhouse Coopers' research included a nationwide survey of 2,000 consumers and 1,000 physicians. Among its findings:

 Thirty-one percent of consumers said they would be willing to incorporate an

application into their existing cell phone or smart phone to be able track and monitor their personal health information.

 Forty percent of consumers said they would be willing to pay for a device and a monthly subscription fee for a mobile phone application that would send text and e-mail reminders to take their medications.

 Forty percent of consumers would also be willing to pay for a remote monitoring device and a monthly subscription that would send data automatically to their doctor health information such as heart rate, blood pressure, blood sugar and weight.

 Forty percent of physicians said they could reduce the number of office visits by 11 to 30 percent by using mobile health technologies like remote monitoring, email or text messaging with patients.

PricewaterhouseCoopers' Health Research Institute estimates the annual consumer market for remote/mobile monitoring devices and services to be $7.7 billion to $43 billion, based on the range consumers said they would be willing to pay.

Clearly, the market is there, the users are ready and the technology is available. CORAnet™ is in a perfect position to deploy, enter the market and obtain significant presence by utilizing the marketing and pricing strategies described below.

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4. Go To Market Strategy

CORAnet is looking to focus on the Mobile EMR market, providing an integration and Mobile solution to other, existing EMR systems.

To address the market and achieve maximum penetration CORAnet identified a three pronged way as the market strategy:

1. Partnership with a key player in the market: for better market penetration and brand recognition.

2. Integration with a leading EMR system: This would allow for maximum support and availability. CORAnet™ has identified the VistA system as the most pervasive and widely used EMR System. Thus, as CORAnet enters the market, we will offer a readymade integration and mobile solution to all users of VistA (be it the DoD, VA or the commercial market). By going to a ―hub,‖ we will have immediate access to patients and end users, enabling them to use CORAvault™. In this manner, CORAnet will address end users as a mass, rather than as individuals making the penetration of CORAVault™.

3. Application distribution through the online market place (such as Google’s and

Apples’s Application markets): Pricing strategy is an important part of the Market

Entry strategy and, to reduce barriers and allow for quick adoption, CORAnet will to follow the ―Application Market‖ strategy scheme. Such markets (started with iPhone, Android, and followed by others such as Symbian) allow developers to create applications and place them in the Application Market, allowing users to download those application as needed at a minimal cost. By looking at the market place, CORAVault™ will be offered to the public at a monthly rate of $1.99—a minimal fee that entice even skeptics to try the system, realize its value and then decide to further use the application or uninstall.

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5. Summary

CORAnet Solutions has created a system that allows people (such as doctors, health care providers and individuals) to carry personal medical records. The solution is secure, personalized and allows on demand access to any the information while also assuring that it remains private, intact and up-to-date. Our objective is to bring the system to the market within a 12 month period, no later than Q3 2011, positioning ourselves as the latest most up-to-date Mobile Electronic Medical Records solution.