Massachusetts Firm Awarded U.S. Patent for Personal Medical Record Innovation

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Medical Record Bank Inc. (MRB), a private company in Massachusetts, today announced that the United States Patent and Trademark Office has issued US Patent 7,949,545, covering its patient-centric technology for medical record centralization. The patent was obtained by Sunstein Kann Murphy & Timbers, LLP in Boston.

Worldwide Immediate Access to Medical Records Private and Secure

“We provide an immediately deployable system for securing the data on behalf of the people who own the data, and we make the data available for their benefit, wherever they may be when they need it,” says Ernest Carabillo III, MRB CEO and Co-founder.

Medical Record Bank has developed a unique internet-based digital personal medical record system that collects comprehensive data from all of an individual’s healthcare providers. For consumers, it is as easy to use as e-mail, and it places no new burdens or disruptions on providers.

Accurate and inexpensive, it enables a patient and the patient’s authorized doctors to access original medical records from any internet connection globally. The system enables patient labeling and authentication of medical records, so that the records are presented in a user-friendly environment. In addition to a patient-labeled and authenticated chronological medical history, there is a health care diary to complete the health portrait for the intervals when a patient is not seen by a professional provider, and a critical health information summary that offers a snapshot of the patient status. The system also provides disease specific adjunctive tools.

“We directly involve the consumer in their own healthcare and the consumer controls any use of their information” states Peter Madras, MD, Co-founder of MRB. “When comprehensive medical information about the patient is readily available, diagnosis is more accurate, duplication is avoided, costs are reduced and patient safety and satisfaction are enhanced".

“We provide an immediately deployable system for securing the data on behalf of the people who own the data, and we make the data available for their benefit, wherever they may be when they need it,” says Ernest Carabillo III, MRB CEO and Co-founder. “With our technology consumers can access and control their own medical information”.

MRB is bringing the benefits of this system to consumers as rapidly as possible by working independently and in partnership with other firms. The system can be used as a patient portal for EMR installations and in other applications ranging from disease management to insurance fraud detection and prevention. MRB also expects to provide licensing opportunities in related areas.

Forward-Looking Statements:
To the extent any statements made in this release contain information that is not historical, these statements are essentially forward-looking and are subject to risks and uncertainties, including acceptance and demand for services, the impact of competitive products and pricing, new product development and launch, reliance on key strategic alliances, availability of additional intellectual property rights, availability of future financing sources, the regulatory environment and other risks the Company may identify from time to time in the future.

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Ernest Carabillo
Medical Record Bank
617-283-1206
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