MediSwipe Inc. Announces New Michigan State Legislation HB 4271 Introduced February 19, 2013 Outlining Medicinal Marijuana Go F
20 2월 2013 - 11:15PM
MediSwipe Inc. (www.MediSwipe.com) (MWIP), a patient security
solutions and financial products company for the medicinal
marijuana and health care industry, today announced after the
trading session on February 19th, the state of Michigan introduced
new proposed legislation titled as House Bill 4271 outlining new
requirements for Michigan's medical marijuana statewide program.
A Republican state lawmaker introduced the bill yesterday that
would allow individual cities to decide how medical marijuana
caregivers and provisional centers could continue to operate within
their boundaries. Under the bill, municipalities could also set up
regulations covering the location of centers and possibly institute
other operational rules.
The proposal by Rep. Mike Callton comes just two weeks after the
state Supreme Court essentially ruled that patient to patient
dispensaries are illegal under Michigan's medical marijuana laws, a
devastating decision that could force all of the estimated 75-100
dispensaries currently operating to close. What's particularly
encouraging about the HB 4271 is that it has an unusually high
level of bipartisan support: Eight Democrats and eight Republicans
are cosponsoring the measure. This renewed support and clearly
defined guidelines within the proposal now provides a meaningful
chance at passage over a similar one that lost ground in committee
last year.
HB 4271 suggests a secure patient identification system that
MediSwipe has already developed via a HIPAA and PCI Compliant
system as outlined in Section 10:
"A provisioning center shall ensure compliance with the
dispensing limit under subsection (9) by maintaining internal,
confidential dispensing records that specify the amount of medical
marihuana dispensed to each registered qualifying patient and
registered primary caregiver and whether it was dispensed directly
to the registered qualifying patient or the registered primary
caregiver."
Further, Section 10 also requires all entries to include date
and time of when medical marijuana is dispensed to the patient or
caregiver which falls in line with the data collection that will be
incurred by the EMR system developed by MediSwipe.
"Each entry shall include date and time the medical marihuana
was dispensed."
Due to the nature of the MediSwipe system, all data can be kept
for up to 5 years on its Digital ID Cards and will be digitized to
be attached to a Patient's or Caregiver's Registry ID Number
instead of their name as to follow HIPAA compliance on protecting
the Patient's identity if the card was ever stolen or compromised.
"Entries shall be maintained for at least 90 days....a record
shall be kept using the patient's or caregiver's registry
identification card number instead of the patient's or caregiver's
name."
MediSwipe's collected data will be stored off-site in a licensed
Medical Marijuana state of which access will only be provided to
municipal employees performing an inspection or a provisioning
center agent.
HB 4271 further states "Confidential dispensing records under
this act are subject to reasonable inspection by a municipal
employee authorized to inspect provisioning centers under municipal
law to ensure compliance of this act, but may be
stored off-site."
To enhance the security of identifying a patient or Caregiver,
MediSwipe's kiosk will confirm the identity of the individuals by
making a scan of their driver's license as well as their medical
Marijuana ID Card and providing patient authentication over a
secure compliant line in a matter of seconds. Provisional
centers will no longer need to guess if the ID cards that are being
provided are legitimate or not as the MediSwipe process has helped
eliminate fraudulent activity of fake cards out of the equation.
The provisioning center agent will only need a voucher
confirmation from the patient or caregiver that has been
verified by the closed loop secure system. Additional measures will
be added in the coming months via facial recognition and bio-metric
measures if required.
Due to MediSwipe's business model in Digital Identification
Electronic Medical Record Management, this will create an audit
ready and compliant system to provide secure access to Patient's
and Caregiver's across the State of Michigan.
The entire Bill may be seen here:
http://www.legislature.mi.gov/documents/2013-2014/billintroduced/House/pdf/2013-HIB-4271.pdf
"We are extremely pleased that HB 4271 is receiving the support
from both sides of the aisle and hope that bi-partisan support will
fast track this new legislation in Michigan. It is almost as if the
state has taken a page from our business plan, setting requirements
and guidelines completely in line with our existing software
solutions including compliant medical records storage and
reporting. It is also quite ironic that this bill hit the floor
just one day after our company demonstrated the system to numerous
caregivers within the state who have made firm commitments to
install the MediSwipe ID system on behalf of several thousand
patients," stated, B. Michael Friedman, CEO for
MediSwipe.
"With the current increase in monthly revenues from our elective
surgery financing division and first orders of our patient
identification software in Michigan and interest from
Massachusetts, combined with the recent liquidity and price
increase of our common stock, we have received strong commitments
from the investment banking community to ensure our continued
success within the sector," further added Friedman.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) provides innovative patient
solutions for electronically processing transactions within the
healthcare industry. MediSwipe provides terminal-based service
packages and an integrated Web Portal add-ons for physicians,
clinics, hospitals and medical dispensaries that include: digital
patient records, Electronic Referrals, Credit/Debit Card merchant
services, Check Guarantee and Accounts Receivable Financing.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of MediSwipe Inc. to be
materially different from the statements made herein.
CONTACT: MediSwipe Inc.
248.262.6850
www.MediSwipe.com
info@mediswipe.com
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