InforMedix Announces Strategic Partnerships and Board Additions to Enhance Chronic Disease Management

Strategic Insights -

InforMedix Holdings, Inc., a leading provider of medication adherence solutions, has announced the appointment of three industry leaders to its Board of Directors, including David Chess, M.D., and Sandeep Wadhwa, M.D., MBA, Vice President of McKesson Health Solutions. These additions will help strengthen the company's mission to improve the health of the elderly through innovative research and education programs. The Institute on Aging (IOA) at the University of Pennsylvania, a leading research institution in the field of aging and chronic diseases, has also welcomed these new board members.

Key Takeaways:

  • The IOA's External Advisory Board is comprised of leaders in the fields of aging, Alzheimer's disease, senior living, and assisted living, with a mission to improve the health of the elderly through research and education.
  • Dr. Bruce A. Kehr, CEO of InforMedix, has joined the IOA Board, bringing a wealth of experience in chronic disease management and medication adherence solutions.
  • Dr. David Chess, President and CEO of Enhanced Care Initiatives, has a proven track record of designing and implementing care monitoring and management systems for frail elderly patients.
  • Dr. Sandeep Wadhwa, Vice President of McKesson Health Solutions, has expertise in managing disease management services for over 3 million patients suffering from chronic diseases.
  • Diane Linen Powell, a senior media and publishing entrepreneur, and venture capitalist, has been named to the IOA Board, bringing significant experience in marketing, communications, and investment management.
  • The IOA's research and education programs focus on healthy aging, chronic disease management, and medication non-adherence in senior citizens.
  • InforMedix's Med-eMonitor System has demonstrated significant improvement in medication adherence rates (92% vs. 40% baseline) and reduction in blood sugar levels (18.5% HbA1c decrease).

Statistics:

  • The IOA's External Advisory Board has 16 members, including renowned experts in aging, Alzheimer's disease, and senior living.
  • InforMedix has developed the Med-eMonitor System, which has integrated a portable patient-interactive monitoring device, hardware, software, and networked communications system.
  • The Med-eMonitor System has improved medication adherence rates by 52 percentage points (92% vs. 40%) in a recent diabetes patient program.
  • Over 3 million patients have benefited from Dr. Wadhwa's disease management services at McKesson Health Solutions.
  • Diane Linen Powell has over 30 years of experience in marketing and communications, with over $1 billion in investments managed under her portfolio.

Sources:

  • "ROCKVILLE, Md. -- InforMedix' CEO, the Chairman of the Board of Penn's Institute on Aging, to Forge Links Between the IOA and Chronic Disease Management Monitoring Services" (Source: InforMedix Holdings, Inc. press release)
  • "About InforMedix" (Source: InforMedix Holdings, Inc. website)
  • "Annual Report on Form 10-KSB for the year ended December 31, 2004" (Source: Securities and Exchange Commission filings)
  • "InforMedix to Participate in Congressional Hearing on Disease Management" (Source: InforMedix Holdings, Inc. press release)