Confidential – Do Not Distribute Iris Biometrics For Accurate Patient Identification Michael Trader President M2SYS Technology

Confidential – Do Not Distribute Agenda Why you can trust me Patient identification in context A lesson on biometrics Why iris biometrics? Diligence Demo/Q&A

Confidential – Do Not Distribute You can trust me because…

Confidential – Do Not Distribute President and Co-founder of M2SYS Technology A decade of biometrics experience Deployments in over 90 countries Nearly 100 million end users enrolled Expertise in many industries and across all project sizes “Hybrid Biometrics” system supports fingerprint, finger vein, palm vein, iris and face recognition Parent company of M2SYS Healthcare Solutions LLC

Confidential – Do Not Distribute What do we expect?

Confidential – Do Not Distribute How important is accurate patient ID?

Confidential – Do Not Distribute Accurate patient ID has been #1 on the list of the Joint Commission on Accreditation Hospital Organization (JCAHO) National Patient Safety Goals since 2003.

Confidential – Do Not Distribute Patient safety starts with accurate identification!

Confidential – Do Not Distribute Increase Patient Safety Prevent Duplicates Eliminate Fraud Lower Liability Create Efficiencies

Confidential – Do Not Distribute Challenge: Fraud

Confidential – Do Not Distribute Some Stats  1.5 million Americans per year are victims of medical identity theft  Overall healthcare fraud is estimated to cost between $70 billion and $255 billion per year  Medical identity theft settlement cost for healthcare facilities can be as much as $250,000  The average cost to restore a person’s identity after medical ID theft is $20,160  Medical Identity Theft has a lasting impact on the patient and the facility

Confidential – Do Not Distribute Software (Red Flag Events) METHODPROBLEM Probing Patients for More Info Awkward / Uncomfortable

Confidential – Do Not Distribute Challenge: Duplicates

Confidential – Do Not Distribute De-Duplication Software METHOD PROBLEM Consultants/MPI Cleanup None prevent future duplicates Merge Records Internally

Confidential – Do Not Distribute Cost of Duplicates/Errors Operational cost of correcting duplicates: $50 per instance* Only 5 duplicates created daily = $78,000 Securing accurate patient information can prevent 90% of claim denials *Fox and Sheridan independent study 2005 NOTE: This calculation assumes only a 6 day work week. A 7 day work week = $91,000

Confidential – Do Not Distribute A Quick Lesson on Biometrics

Confidential – Do Not Distribute One-to-One (1:1) Verification Here’s who I am There’s my biometric template Let’s confirm to make sure! “Are you who you claim to be?”

Confidential – Do Not Distribute One-to-Few (1:Few) Segmented Identification Let’s hope you can tell me something about yourself Scan your biometric DOB 9/9/76 DOB 6/8/80 DOB 5/21/72 System compares only against small segment of database “Are you in this group?”

Confidential – Do Not Distribute One-to-Many (1:N) Identification Scan your biometric Compare against entire biometric database “Who are you?”

Confidential – Do Not Distribute Authentication Examples 1:1 Matches one record 1:FEW Searches a few records 1:N Searches every record

Confidential – Do Not Distribute Takeaways 1:1 and 1:Few CANNOT prevent duplicates or fraud 1:N CAN Why invest in a solution that can’t? Note: Our solution CAN.

Confidential – Do Not Distribute Why Iris Biometrics?

Confidential – Do Not Distribute First, let’s clarify – The iris is not the retina…

Confidential – Do Not Distribute The iris camera is just like any other digital camera. There is no red laser…

Confidential – Do Not Distribute Iris Advantages Extremely fast 1:N search speed (2 million/sec) The most accurate form of biometrics – chance of two being identical is Template has long-term stability; iris formed at 10 months Contactless Independently tested and certified

Confidential – Do Not Distribute What questions should you be asking?

Confidential – Do Not Distribute Due Diligence Type of authentication (e.g. 1:N)? Accuracy? Hygiene? Can it work for all ages? HIE/IDN? Standard and future-proof?

Confidential – Do Not Distribute You want a system to prevent duplicates and eliminate fraud (1:N matching) The biometrics market continues to evolve – consider a PLATFORM that gives you flexibility You want a system with proven accuracy in large-scale de-duplication that easily scales You don’t want to cut out a large portion of your patients – children You want to store the biometric images so you have an audit trail of authentication activity Why?