Press Release
New Study Shows Cardio Diagnostics (NASDAQ: CDIO) PrecisionCHD Test Could Save Health Insurers Over $113 Million Annually
–News Direct–
By Jeremy Golden, Benzinga
Cardio Diagnostics (NASDAQ: CDIO), an artificial intelligence-powered precision cardiovascular medicine company that makes cardiovascular disease prevention and early detection more precise, has announced the publication of results from a budget impact modeling study for one of its leading clinical products.
PrecisionCHD is an integrated genetic-epigenetic test for the detection of coronary heart disease (CHD). The peer-reviewed study, The Use of Precision Epigenetic Methods for the Diagnosis and Care of Stable Coronary Heart Disease Reduces Healthcare Costs, highlights the tests promising developments.
The studys PrecisionCHD budget impact model was designed to evaluate the cost savings associated with using PrecisionCHD as the primary method of initial CHD assessment in place of current commonly used tests, including exercise electrocardiograms, coronary computed tomography angiography (CCTA) and angiograms.
It considered factors such as the number of tests performed, the cost of each test and the impact of test results on treatment decisions. The results suggest that using PrecisionCHD could lead to significant cost savings for patients, with an estimated $113.6 million saved per year for a plan with one million members. These savings are primarily driven by the lower cost of PrecisionCHD compared to traditional tests, along with the reduced need for additional testing.
Further, the model found that cost savings were not sensitive to patient demographics or insurance plan design. Similar results were observed for plans that exclude Medicare enrollees, only include Medicare enrollees (Part B or Medicare Advantage), offer large co-insurance rates and charge larger co-pays.
PrecisionCHD is a multiomic DNA test that aids in the detection of stable CHD. The test evaluates six DNA methylation and ten genetic biomarkers and uses a proprietary machine learning model to interpret the genetically contextual methylation signals from these biomarkers.
The sensitivity and specificity of this test are 79% and 76%, respectively, with the clinical validation study in collaboration with Intermountain Healthcare and University of Iowa Hospitals and Clinics being recently published in the Journal of American Heart Association.
The data from this study suggests that the broader use of PrecisionCHD as the initial test for detecting coronary heart disease can yield significant savings to payers, said David Frisvold, PhD, Associate Professor in the Department of Economics at the University of Iowa and lead author of this study. More importantly, the reported cost savings were shown to be generalizable to various health plans, potentially leading to increased access to care and improved outcomes for patients with CHD.
PrecisionCHD was recently awarded the Current Procedural Terminology (CPT) Proprietary Laboratory Analyses (PLA) code, 0449U, by the American Medical Association. It became effective on April 1, 2024.
PrecisionCHD was also awarded the Innovation Technology contract from Vizient, the United States largest group purchasing organization, whose customer base encompasses over 60% of hospitals and 97% of academic medical centers in the country.
Increasing Access, Reducing Costs
Heart disease remains the leading cause of death among Americans. It is also one of the largest cost centers for payers. If the barriers to obtaining early cardiovascular care persist, the prevalence and costs associated with heart disease will likely increase.
Currently, exercise electrocardiogram, CCTA and single photon emission computed tomography (SPECT) are among the initial tests used to diagnose CHD. These tests are resource-intensive, and require expensive infrastructure and specialized personnel, creating inherent barriers to broader adoption, especially in rural America.
The continued reliance on these tests as the initial testing mode for CHD diagnosis could lead to higher costs for payers. Some of the current tests also involve risks that are associated with being exposed to radiation and contrast dyes that could affect the health of the patient long term.
Cardio Diagnostics says that PrecisionCHD, on the other hand, is a more cost-efficient, highly scalable and less resource-intensive alternative for initial CHD detection testing. Its sensitive and specific performance minimizes the likelihood of false positives and negatives, potentially decreasing the need for costly follow-up tests and procedures.
Furthermore, PrecisionCHD can be implemented virtually via telemedicine and at-home for blood sample collection. It can also be deployed in community settings via mobile health clinics as well as in a more traditional provider setting.This multimodal delivery approach means greater access for patients, and Cardio Diagnostics expects potential additional cost savings for payers as well, with earlier detection and management of CHD.
We believe that PrecisionCHD has the potential to revolutionize how coronary heart disease is diagnosed and managed, said Robert Philibert, MD, PhD, Chief Medical Officer and co-founder of Cardio Diagnostics, and the senior author of the study. We are confident that PrecisionCHD will drive value for many healthcare stakeholders including the patient, provider and payer.
Optimizing Cost Efficiency
Health plans increasingly prioritize precision medicine solutions to enhance patient outcomes and optimize cost-efficiency, reflecting an industry-wide transition from personalized to precision medicine. This evolution is underpinned by integrating genomic, clinical and socio-economic data, enabling healthcare providers to customize treatment approaches and advance therapeutic innovation.
Similarly, provider-led health plans face the same challenges in optimizing patient care while reducing unnecessary medical spending.
PrecisionCHD stands out as a resource for health insurers and healthcare providers aiming to streamline the management and financial burden of CHD. As health systems increasingly adopt value-based care (VBC) models, the focus is increasingly on achieving superior patient outcomes and improved population health while maintaining cost-effectiveness.
Throughout last year, the expansion and refinement of VBC models have underscored a concerted effort among healthcare providers, payers and policymakers to enhance patient care and manage expenses effectively.
This strategic alignment with VBC frameworks highlights the significant role of tools like PrecisionCHD. These tools support targeted, data-driven decisions in CHD treatment and management, potentially revolutionizing approaches to healthcare delivery and cost management.
Featured photo by Testalize.me on Unsplash
Cardio Diagnostics is an artificial intelligence-powered precision cardiovascular medicine company that makes cardiovascular disease prevention, detection, and management more accessible, personalized, and precise. The Company was formed to further develop and commercialize clinical tests by leveraging a proprietary Artificial Intelligence (AI)-driven Integrated Genetic-Epigenetic Engine (Core Technology) for cardiovascular disease to become one of the leading medical technology companies for improving prevention, detection, and treatment of cardiovascular disease. For more information, please visit www.cardiodiagnosticsinc.com.
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. When used in this press release, the words or phrases will, "will likely result," "expected to," "will continue," "anticipated," "estimate," "projected," "intend," goal, or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, many of which are beyond the control of the Company. Such uncertainties and risks include but are not limited to, our ability to successfully execute our growth strategy, changes in laws or regulations, economic conditions, dependence on management, dilution to stockholders, lack of capital, the effects of rapid growth upon the Company and the ability of management to effectively respond to the growth and demand for products and services of the Company, newly developing technologies, the Companys ability to compete, regulatory matters, protection of technology, the effects of competition and the ability of the Company to obtain future financing. An extensive list of factors that can affect future results are discussed in the Current Report on Form 10-K for the period ended December 31, 2022 and Form 10-Q for the period ended March 31, 2023, under the heading Risk Factors in Part I, Item IA thereof, and other documents filed from time to time with the Securities and Exchange Commission. Such factors could materially adversely affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed within this press release.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.
Contact Details
Gene Mannheimer – Investor Relations
+1 855-226-9991
investors@cardiodiagnosticsinc.com
Company Website
https://cardiodiagnosticsinc.com/
View source version on newsdirect.com: https://newsdirect.com/news/new-study-shows-cardio-diagnostics-nasdaq-cdio-precisionchd-test-could-save-health-insurers-over-113-million-annually-870971063
Cardio Diagnostics Holdings, Inc
COMTEX_452008683/2655/2024-05-07T08:50:31
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Press Release
USDX World’s First Community Driven Decentralised Stable Token
United States, 28th Dec 2024 – USDX, an alternative token to centralised stable tokens like USDT, USDC, BUSD, etc. USDX Revolutionary Billion Dollar LP Staking Program with Decentralized eco system. The financial world is at the dawn of a transformative era, and USDX is leading the charge. Launched as the first community-driven, fully decentralized stablecoin, USDX is redefining how we approach stability, transparency, and autonomy in decentralized finance (DeFi). Built on the Polygon Blockchain, USDX combines cutting-edge technology with an unwavering commitment to empowering its users, creating a financial ecosystem that offers unparalleled efficiency, reliability, and freedom.
At the heart of USDX’s innovation lies its unique approach to price stability. Pegged 1:1 to DAI, USDX ensures unwavering value consistency in a volatile digital landscape. Unlike traditional stablecoins that are susceptible to speculative trading, USDX is a non-buyable token, designed specifically to maintain stability. This deliberate structure eliminates market-driven volatility, providing users with a reliable and predictable asset.
One of USDX’s most groundbreaking features is its proprietary Trigger PEG Technology. This fully autonomous algorithm constantly monitors market activity, recalibrating the token’s value every six hours and thirty minutes to maintain its precise peg to $1 DAI. The result is a system that operates with precision, ensuring that USDX remains a dependable asset no matter how turbulent the market becomes. By eliminating the need for manual intervention, this advanced technology guarantees both efficiency and trust, setting a new benchmark for stablecoin innovation.
USDX’s commitment to sustainability extends to its innovative liquidity mechanisms. Liquidity is the backbone of any successful stablecoin, and USDX has designed a robust, decentralized system to ensure long-term reliability. A portion of staking fees is allocated to a liquidity pool, which is evenly distributed between USDX and DAI. Additionally, liquidity pool tokens are permanently locked in the platform’s treasury, creating a tamper-proof foundation that supports the stablecoin’s ecosystem. This strategic approach ensures that liquidity remains robust, transparent, and secure, even in periods of high market demand.
USDX’s ecosystem is not just about stability—it is about growth and opportunity for its community. Through an advanced treasury system powered by AI-driven tools and smart contracts, USDX generates consistent rewards while maintaining long-term viability. High-frequency trading, combined with strategic investments in select altcoins, enables the platform to diversify its financial foundation and unlock growth potential. Central to this system is an AI-powered scalping bot, which identifies and executes market opportunities around the clock. These efforts ensure that USDX remains both a stable and dynamic asset, designed to benefit its community at every level.
Decentralization is more than a technical feature for USDX—it is a principle that guides every aspect of the platform’s design. Unlike traditional stablecoins such as USDC and DAI, which often rely on centralized control, USDX operates entirely without a central authority. This decentralized framework eliminates the risks of asset freezes, censorship, and regulatory constraints, ensuring that users retain full autonomy over their financial assets. By leveraging blockchain transparency, USDX creates a trustless environment where every transaction is visible, verifiable, and secure.
The choice to build USDX on the Polygon Blockchain further underscores its commitment to efficiency and accessibility. Polygon’s scalability and lightning-fast transaction speeds provide a seamless user experience, while its minimal fees make financial inclusion a reality for all. Whether users are transferring funds or engaging with the staking platform, they benefit from a system designed to perform flawlessly, even under the heaviest transactional loads.
USDX is more than just a technology-driven stablecoin—it is a platform built for community empowerment. The staking system offers users the opportunity to earn daily rewards based on their staking tier, with rates designed to accommodate both beginners and seasoned investors. Beyond staking, USDX introduces a professional affiliate program that rewards participants for expanding the platform’s reach. This innovative approach aligns incentives with engagement, fostering a strong and active community.
To further encourage participation, USDX employs a unique rank system that recognizes and rewards user contributions. From milestone bonuses to monthly incentives and shares of global turnover, the platform’s rewards structure is designed to celebrate and support its most dedicated users. This multi-faceted approach ensures that every member of the USDX community feels valued and motivated to contribute to the platform’s success.
The implications of USDX’s innovations extend far beyond its immediate ecosystem. By addressing the vulnerabilities of centralized financial systems and traditional stablecoins, USDX sets a new standard for what decentralized finance can achieve. Its Trigger PEG Technology, decentralized liquidity mechanisms, and AI-driven treasury management represent a comprehensive approach to stability and growth, tailored to meet the needs of a rapidly evolving digital economy.
USDX is not just an alternative to traditional financial systems—it is a vision for the future. By prioritizing autonomy, transparency, and technological innovation, USDX empowers individuals to take control of their financial destiny. This revolutionary approach aligns with the core values of blockchain technology, offering a glimpse into a world where financial freedom is accessible to all.
As the DeFi landscape continues to grow, USDX emerges as a beacon of progress, inviting users to join a movement that is reshaping the foundations of finance. With USDX, stability and growth are no longer at odds; they are integrated into a system designed for the digital age.
The future of finance is decentralized, and USDX is leading the way. For those ready to embrace this new paradigm, USDX offers not just a stablecoin but a gateway to financial freedom. Join the USDX revolution today and experience a financial ecosystem where innovation meets empowerment.
For more information and to join the movement, visit USDX Live.
Media Contact
Organization: USDX
Contact Person: Wenzel Mcleod
Website: https://usdx.live
Email: Send Email
Country: United States
Release Id: 28122422013
The post USDX World’s First Community Driven Decentralised Stable Token appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Press Release
Palms Air Announces Readiness for A2L Refrigerant Installations, Embracing EPA Changes and Supporting Climate Goals
Palms Air is Jacksonville’s trusted name in HVAC solutions, dedicated to providing top-tier service and innovative products for residential and commercial customers. From maintenance to system upgrades, Palms Air combines expertise with a commitment to sustainability.
Jacksonville, FL, United States, 28th Dec 2024 — In response to new environmental guidelines set by the Environmental Protection Agency (EPA), Palms Air is proud to announce that its team of skilled technicians is fully trained and equipped to install A2L refrigerants, including the innovative R32 and 454B systems. These advancements are set to replace the phased-out R410A refrigerants, aligning with a global push toward sustainable, low-global warming potential (GWP) solutions.
Beginning in 2025, the production of R410A units will steadily decline, making way for next-generation refrigerants with significantly lower environmental impacts. While the transition might seem daunting for homeowners, Palms Air assures customers that the new systems are designed to operate similarly to their current systems, with only minimal adjustments required.
“A2L refrigerants represent a major step forward in reducing the effects of climate change,” said Alonzo Cubano at Palms Air. “We understand that many homeowners may be unaware of this change or feel uneasy about its impact on their HVAC systems. That’s why our team is committed to providing seamless installations and educating our community on these new, eco-friendly refrigerants.”
Key Benefits of A2L Refrigerants:
- Lower Environmental Impact: With a reduced GWP, A2L refrigerants significantly lower the HVAC industry’s carbon footprint.
- Energy Efficiency: These systems maintain excellent cooling performance with improved energy efficiency.
- Future-Proof Systems: Transitioning now ensures homeowners are ahead of upcoming regulatory changes.
Stay Ahead of the Curve
A recent study by the U.S. Department of Energy shows that transitioning to low-GWP refrigerants like R32 and 454B could reduce overall greenhouse gas emissions from residential air conditioning by up to 70% by 2050. As the world shifts toward greener practices, Palms Air remains at the forefront of the HVAC industry, ensuring that Jacksonville homeowners are well-prepared for the future.
Palms Air invites homeowners to schedule a consultation to learn more about upgrading their systems to A2L refrigerants. “This is more than just a change; it’s an opportunity to contribute to a more sustainable future,” added Alonzo Cubano at Palms Air.
For those considering an HVAC system replacement or seeking more information about A2L refrigerants, Palms Air encourages you to contact their team today. Schedule your estimate with their trusted technicians and stay ahead of these upcoming changes.
Visit https://www.palmsair.com or call Palms Air (904) 209-7783 to book your consultation
Media Contact
Organization: Palms Air Conditioning and Heating
Contact Person: Alonzo Cubano
Website: https://www.palmsair.com/
Email: Send Email
Contact Number: +19042097783
Address: 2331 Paramount Dr
City: Jacksonville
State: FL
Country: United States
Release Id: 28122422010
The post Palms Air Announces Readiness for A2L Refrigerant Installations, Embracing EPA Changes and Supporting Climate Goals appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Gas South: Powering Vietnam’s Energy Growth with 24 Years of Leadership in LPG, CNG, and LNG Solutions
Gas South distinguishes itself as one of the few enterprises capable of simultaneously providing LPG, CNG, and LNG directly to consumers. Flexible, comprehensive, and customisable services, an extensive distribution network, equipment that meets both international and Vietnamese standards, and a dedicated, experienced, and highly skilled workforce distinguish the company’s offerings. Over 24 years of development, Gas South has established a reputable brand in the energy sector, supplying fuel across diverse industries, including residential, industrial, and transportation sectors, thereby earning the trust and partnership of its esteemed clientele.
Dominating the Residential LPG Market in Southern Vietnam
Gas South has consistently maintained its leading position in supplying bottled gas in Southern Vietnam through six brands: PV Gas, VT Gas, AGas, Dang Phuoc Gas, JP Gas, and Dak Gas. Consumers have recognized the company’s products as high-quality Vietnamese goods for many years.
Gas South’s extensive distribution network, spanning from Ca Mau to Nghe An, is responsible for this success. This network includes four warehouses with a total capacity of 8,100 tonnes, 17 filling stations with a total capacity of nearly 20,000 tonnes per month, over 1,300 agents and general agents, and the largest gas cylinder manufacturing plant in Vietnam, with an annual capacity of 1 million cylinders. This comprehensive supply chain enables Gas South to remain proactive and resilient in a highly competitive and volatile market.
Figure: Distribution of Gas South’s LPG Filling Stations
Figure: Gas South’s Bottled Gas Brands
Developing A Robust Gas-fuelled Supply Chain For Industrial Applications
In addition to residential LPG, Gas South supplies industrial products, including LPG, CNG, and LNG.
Compared to traditional fuels such as coal and oil, gas products like LPG, CNG, and LNG exhibit superior characteristics: they are cleaner, emit lower levels of pollutants, have higher thermal efficiency, and provide a stable supply at competitive prices. These attributes make them suitable for industrial production during the transition to green and clean fuels. Therefore, we anticipate that many foreign investors in Vietnam, seeking a stable and low-emission fuel source for their industrial manufacturing facilities, will favor this fuel. Global trade in LNG, in particular, plays a crucial role in ensuring energy security for numerous countries. Notably, in July 2023, Vietnam imported its first LNG shipment for electricity and industrial production.
Recognizing market trends and aiming to diversify supply sources, GasSouth has proactively installed LNG stations alongside its existing CNG/LPG infrastructure, thereby ensuring a stable and cost-optimized fuel supply for its customers.
For industrial fuel, Gas South has established a complete supply chain, allowing customers to select suitable products and services, from transportation to investment in the construction and operation of gas supply stations.
Figure: Integrated LPG, CNG, and LNG Supply Station at Gas South’s Client
Figure: Gas South’s LNG Transportation Tanker
Gas South, which started its operations in 2000 with LPG products and started supplying CNG in 2009, now serves a wide range of industrial customers in the Eastern and Western provinces of Southern Vietnam. These regions include Bà Rịa Vũng Tàu, Đồng Nai, Bình Dương, Ho Chi Minh City, and Long An, focusing on industries such as building materials (steel, bricks) and electronics. Notable clients include prominent companies such as Nam Kim Steel, VinaOne Steel, TVP Steel, Sojitz Vietnam, Thach Anh Tiles, and Samsung Electronics HCMC. In accordance with its strategic plan, Gas South aims to expand its market to the Central and Northern provinces in the near future.
The sole provider of CNG for buses in Ho Chi Minh City
Beyond serving residential and industrial needs, Gas South supplies CNG fuel for transportation. With three CNG filling stations for buses, Gas South is the exclusive provider of CNG for over 500 CNG buses in Ho Chi Minh City, thereby contributing to a cleaner urban environment.
Figure: CNG Filling Station for Buses by Gas South
Operating under the principles of safety, quality, and efficiency, Gas South continuously enhances its product and service quality. The company places a high value on gratitude and harmony with its customers and partners through various supportive policies and unique bonding programs. Gas South extends an invitation to join in this journey toward a sustainable and energy-efficient future.
Gas South – Leading Gas Fuel Supplier in Vietnam – LPG, CNG, and LNG
Fanpage: https://www.facebook.com/GasSouthJSC
For more information please visit our website: https://pgs.com.vn/
Media Contacts:
Name: TUAN KIET PHAM (Mr.)
Company name: SOUTHERN GAS TRADING JSC
Website: https://pgs.com.vn/
Email: lienhe@pgs.com.vn
Phone: (+84.28) 3910 0108 – 3910 0324
Address: 4th Floor, PetroVietnam Tower, 1-5 Le Duan, Ward Ben Nghe, District 1, Ho Chi Minh City
SOURCE: SOUTHERN GAS TRADING JSC
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