INR

Patient Home Monitoring (PHM) (TSX VENTURE:PHM), a company focused on in-home
cardiology disease management services, today announced that it has earned The
Joint Commission's Gold Seal of Approval(TM) for accreditation by demonstrating
compliance with The Joint Commission's national standards for health care
quality and safety in home care. Additionally, PHM announced meters shipped for
August 2011 and released an updated investor presentation.


Joint Commission Accreditation

The Joint Commission accreditation award recognizes PHM's dedication to
continuous compliance with The Joint Commission's state of the art standards.

The Joint Commission's standards address the organization's performance in
specific areas, and specify requirements to ensure that patient care and
services are provided in a safe manner. An independent, not-for-profit
organization, The Joint Commission is the oldest and largest standards-setting
and accrediting body in health care in the United States
(www.jointcommission.org).


PHM underwent a rigorous unannounced on-site survey in July 2011. A team of
Joint Commission expert surveyors evaluated PHM for compliance with standards of
care specific to the needs of patients, data management, leadership and
regulatory review of medical equipment. 


"In achieving Joint Commission accreditation, PHM has demonstrated its
commitment to the highest level of care for its patients," says Margherita
Labson, R.N., executive director, Home Care Accreditation, The Joint Commission.
"Accreditation is a voluntary process and I commend PHM for successfully
undertaking this challenge to elevate its standard of care and instill
confidence in the community it serves." 


"The Joint Commission accreditation positions PHM at the top of the market in
terms of quality and excellence in care. This accreditation affirms the culture
of excellence our customers have come to expect," says Nathan Gilliland, Chief
Financial and Operations Officer, "and will reinforce PHM's standing in the
market with prospective customers."


August 2011 Growth From New Patient Enrollment 

At the end of each month, PHM classifies revenue into two components:



1.  Existing Patient Services. PHM generates a recurring monthly revenue
    stream from enrolled weekly testers. 
2.  New Patient Enrollment. New patients add to the existing monthly revenue
    stream. 



Once enrolled, PHM ships a meter with an expected 5-year economic life to a
patient. With this meter investment, PHM generates monthly recurring revenue by
providing weekly monitoring services to the patient. 


Understanding how many meters were shipped to newly enrolled patients each month
is relevant for analyzing growth because shipment of a meter is a prerequisite
to performing INR (1)tests eligible for reimbursement (2). 


PHM shipped 157 meters in August 2011. 

These new meters were shipped to patients who have been prescribed weekly INR
tests. If these new patients, along with the patients added in July 2011,
achieve compliance levels equal to those generated by existing patients, the
tests would generate additional annual revenues in excess of $400,000 above and
beyond the revenue reported for the quarter ending June 30, 2011.


Updated Investor Presentation 

PHM has released an updated investor presentation on its investor website:
www.phmhometesting.com/presentations


(1)International normalized ratio ("INR") tests are used as measures of current
and future sales performance. Please refer to the "Non-GAAP Measures" section of
PHM's MDA for further discussion on these operational measures.


(2)Management does not mean to suggest or imply that shipment of meters is
equivalent to revenue. Meter shipment is a prerequisite, but not a guaranty, of
revenue. Management does not propose meter shipments as a non-GAAP financial
measurement, because there is no simple reconciliation between meter shipment
and GAAP revenue.


About PHM 

PHM is a healthcare services company focused on providing home-based monitoring
services and supplies for cardiology patients. PHM's entry-point service
monitors patients on blood thinner medications such as Coumadin(R) or warfarin.
Medicare recently expanded reimbursement for this in-home service. PHM has a
unique value proposition to cardiology groups that manage patients on blood
thinners, focusing on systemization to enroll patients in PST. This unique,
systemized approach creates an opportunity for physician groups to operate more
efficiently, increasing revenue to their clinic while providing a higher
standard of care for patients. PHM plans to lever its position as a value-added
service provider to expand into other home-based services for these patients and
their referring physicians.


Information in this news release that is not current or historical factual
information may constitute forward-looking information within the meaning of
securities laws. Implicit in this information, particularly in respect of the
future outlook of PHM and anticipated events or results, are assumptions based
on beliefs of PHM's senior management as well as information currently available
to it. While these assumptions were considered reasonable by PHM at the time of
preparation, they may prove to be incorrect. Readers are cautioned that actual
results are subject to a number of risks and uncertainties, including the
availability of funds and resources to pursue operations, decline of
reimbursement rates, dependence on few payors, possible new drug discoveries, a
novel business model, dependence on key suppliers, granting of permits and
licenses in a highly regulated business, competition, low profit market segments
as well as general economic, market and business conditions, and could differ
materially from what is currently expected.

(TSXV:INR)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

(TSXV:INR)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024