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new FB post by RHL http://www.mmrpro.com
yesterdays blog said the spot[s] would run on several media outlets
so TV and Web ???
or Friday or Monday AM just as the MMR TV Spots aire on CBS for the Emmys ...
http://www.youtube.com/mmrglobal
Yes its an Awesomme MMRF TV Spot
http://blog.mymedicalrecordsinc.com/
Well Done
will aire this Sunday Night during Emmy Awards
New MMRF BLOG update 06/23
http://blog.mymedicalrecordsinc.com/
The Future of Healthcare starts here today……..
Posted by MyMedicalRecords | Filed under Personal Health
This coming Sunday many of you will watch the 37th annual Daytime Emmy Awards on CBs. It is the first time an Emmy award show will be broadcast live from Las Vegas Nevada. Despite my 60 to 80 hour weeks working for MMRGlobal I found a few minutes this year at the RHL Group to help package this show. As a result I am one of the show’s Executive Producers.
Given the awareness of Obamacare and the growing interest in having a personal health care I negotiated a significant portion of fees that would otherwise have been paid to the RHL Group away in order to debut MMR as a national advertiser and sponsor of this 2 hour prime time program which is projected to reach as many as seven million people this Sunday night. This campaign is not free but it is necessary if MMRGlobal wants to be a leader in Global health care.
Recently GE has emerged as a major advertiser with their Healthymagination campaign. GE created Healthymagination to gather, share and discuss healthy ideas. about how one can make a difference in their future.
MMR’s campaign entitled “The Future of Your Health at Work Today”. At MMRGlobal we will begin the task of educating consumers on how they can make a difference in their future by having a Personal Health Records today.
This campaign will start on CBS and expand to multiple forms of media. It is shot with Kira and Mark as two separate spots that over time are intended to educate the public on why they need a PHR and encourage them to try it. Although we are very excited about this opportunity to brand MMR branding (like everything else) it takes time.
MMRGlobal believes that it has access to one of the biggest (if not the biggest) user bases of any personal health record in the world. The intent of this campaign is to begin the long process of making sure as many people as reasonably possible get exposed to the Company. We will start that Sunday night.
What many of you do not know about MMR is that there is a team that works very hard for MMR to get things done for the benefit of shareholders. All of this team are stakeholders in the Company. That’s why Kira created this spot last week. Eric and Christi worked from last Thursday nearly 48 hours straight to shoot, edit and post the spot internally. My friend Joel Sill (check him out) got the music written and the spot musically scored while Eric and Christie were doing the post production. And Bobbie hung around all weekend with me approving frame by frame as the spot came together. This is an effort that happens because we want to make MMRGlobal a significant part of the Future of Healthcare starting today.
Show your family you care and if you haven’t already, sign up for an MMR account today. Personally I hope you never need it. However if you do, you will be glad you have it.
Here is your sneak preview of the Future of Your Health at Work Today.
http://blog.mymedicalrecordsinc.com/
Robert H. “Bob” Lorsch, CEO, MyMedicalRecords.com
Phone 310-476-7002, Fax 206-374-6136
Bookmark & ShareTags: Bob Lorsch, EHR, Electronic Health Record, Electronic Medical Record, Emmy Awards, EMR, Kira Reed, MMR, Mymedicalrecords, Personal Health Record, PHR, Robert Lorsch
Recent MMRF FORM 4's to Buy or Exercise
06/16
Stolar Bernard Exercised or Converted
Stock Option (right to buy)
$ 0.179 06/15/2010 M 124,739 06/15/2010 05/21/2014
Commom Stock 124,739 $ 0 165,261 D
Stock Option (right to buy)
$ 0.125 06/15/2010 M 450,000 06/15/2010 08/06/2014
Common Stock 450,000 $ 0 750,000 D
06/17
Safranek Ingrid G. Exercised or Converted
Stock Option (right to buy)
$ 0.18 06/15/2010 M 1,000,000 06/15/2010(1) 06/15/2020
Common stock 1,000,000 $ 0 1,000,000 D
06/18
Teich Richard Exercised or Converted
Stock option (right to buy)
$ 0.18 06/15/2010 M 1,000,000 06/15/2010(1) 06/15/2020 Common stock 1,000,000 $ 0 1,000,000 D
05/20
RHL Group, Inc. Exercised or Converted
Warrant to Purchase Common stock (3)
$ 0.125 05/20/2010 M 1,600,000 01/27/2009 08/17/2014 Common Stock 1,600,000 $ 0 9,439,378 D
05/12
RHL Group, Inc. Exercised or Converted
Warrant to Purchase Common stock (3)
$ 0.21 (1) 05/12/2010 A 2,614,684 05/12/2010(2) 04/20/2015 Common Stock 2,614,684 $ 0 2,614,684 D
ETMM was a net seller perhaps REBENSDORF GEORGE trades there
he was a net seller back in March / April as well
Bob cant be too thrilled with this guy - selling his deal so low while Bob and other directors are FORM 4 Buying and converting options at these levels
this was a larger order for him ususally he filed 100-150k
thanks ThreeFlight for posting - great behind the scenes work
We are looking good in great hands indeed
the pps will prove us right again soon
Retail MM ETMM E*Trade seems to be a Net Seller yest. and today - they have backed off now up to .205
when they are gone seems the pps can move up once again
1 more MM to .196
i think todays News Screams that MMR has a product that is of value and in demand by its customers and I think this will be the first of hundreds of similar announcements to come ....
1,000 PRO Units is Huge for our first big order $20 Million in Total Revenue
what if there is a 10x fold ripple effect
i.e. 1 docs office tells 10 other docs office
and we wake up in 2 years with 100,000 MMR PROs and 20 Million PHRs
Recon do you have $30 or $50 ???
http://www.shopping.com/xPP-fax_machines-cheap_fax_machine
or
http://www.geeks.com/details.asp?invtid=B11B193141-DT&cat=SCN
NITE Back on the BID is the best sign
earlier he may have sensed some sellers and dropped down but is now BEST BID again ..
Personally this could be a delayed reaction and IMO feel we could get some nice Press in the industry as well
at .17 is a $34,000,000 Market Cap, with probably that much in potential sales booked and perhaps much much more coming and a $10 Million Credit Line and existing credit line secured.
current prices are not reflecting too much here
this 1000 line PRO deal is just the first PRO order and KODAK hasen't even started !!! and $0 for our Bio Tech Assets - we all know more is coming here !!
we are getting a huge leg up on our competitors not to mention the 1 Million PHRs and new PHRs that are coming !!!
Looking forward to Seeing Kira the Emmys this week with a Big MMR Flag !!!
They can't hold more than 5% of the company - that means $2MM is all they can draw at current
levels?
this is the safe guard
Rain ... What are the terms i.e. MMR says they need $1 Million
When is the Stock Sold - do they have to wait for an X Ave. of trading days
can Dutchess turn around and sell the sell the shares they buy. When does MMR get the $$$$
How does this work?
I am a little perplexed as to why the RHL Group cant put more skin in the game even charge themselves a higher interest rate. Didn't RL make $50-100 Million >>>>????
This equity financing seems risky - but better to have access to a line of credit then not at all ...
I understand access to capital is difficult for startups but if we could run to $0.50 we could just print more shares and save the 6% finders fee. then again we may not have a buyer and here is Dutchess agreeing to be a buyer
Kira Gearing up for MMR in Hollywood
http://www.facebook.com/home.php?#!/photo.php?pid=30673127&id=1429271164
MMRF NEWS June 17th
MMRGlobal Promotes and Adds Two Senior Executives to Manage Growth
MMRGlobal, Inc. On Thursday June 17, 2010, 3:35 pm
LOS ANGELES, CA--(Marketwire - 06/17/10) - MMRGlobal, Inc. (OTC.BB:MMRF - News) (http://www.mymedicalrecords.com/), announced today that Rich Teich has been appointed Executive Vice President, and Rafael "Ralph" Salazar has joined the Company as Vice President, Communications and Carrier Relations.
Robert H. Lorsch, Chairman and CEO of MMRGlobal, commented, "I am pleased that Rich Teich is willing to step into this important role. Having been here since the inception of MyMedicalRecords.com, his knowledge and belief in our future is very positive for MMRGlobal. As Executive Vice President, Rich will assist me with product development, sales and marketing for the Company."
"Ralph Salazar's addition to our team will add experience and expertise in global telecommunications and network management. Ralph will be invaluable to the Company at this critical juncture of our global expansion. I have known Ralph Salazar personally for 30 years. His experience in global telecommunications makes Ralph totally qualified to help navigate our growth. Our need for seamless communications and network operations worldwide requires that we be prepared for millions of subscribers who are expected to have access to our products and services."
Teich has worked with CEO Robert Lorsch in both the advertising and telecommunications industries and was part of the original management team for SmarTalk Teleservices, which went public in 1996 and was purchased by AT&T in 1999. At SmarTalk, he oversaw the development of a tracking system that reported usage on more than one million pre-paid telephone cards. Teich also has extensive experience working with high-technology advertising clients, first with Haller Schwarz in Los Angeles and Griffin Bacal in New York.
Salazar has more than 30 years of experience in the telecommunications industry across numerous functional areas that include research and development, technology planning, product delivery, customer service and major facilities construction and operations. He is responsible for MMR's network planning, engineering, operations and worldwide carrier relations, and leads the company's global effort to deliver premier service, operational excellence and network performance.
Prior to joining MMR Mr. Salazar held technology and management leadership positions with Pac Bell, NBC TV/Radio, three Olympic Games, EBU International World Cup Soccer, SmarTalk Teleservices and AT&T, where he dealt with carriers in Europe, Asia and the Americas.
About MMR Information Systems, Inc.
MMR Information Systems, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, unions and professional organizations and affinity groups. MyMedicalRecords enables individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet. The MyMedicalRecords Personal Health Record is built on proprietary, patented technologies to allow documents, images and voicemail messages to be transmitted and stored in the system using a variety of methods, including fax, phone, or file upload without relying on any specific electronic medical record platform to populate a user's account. The Company's professional offering, MMRPro, is designed to give physicians' offices an easy and cost-effective solution to digitizing paper-based medical records and sharing them with patients in real time. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. MMR is also an integrated service provider on Google Health. To learn more about MMR Information Systems, Inc. and its products, visit http://www.mymedicalrecords.com/ and view the videos at http://www.mmrvideos.com/.
Forward-Looking Statements
Any statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements, and some can be identified by the use of words (and their derivations) such as "need," "possibility," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and "continue." Such statements include, but are not limited to, statements regarding the Company's assets including but not limited to its primary Health IT businesses, data from vaccine and clinical trials, and anti-CD20 antibody assets. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to the development and approval of biotechnology/biopharmaceutical product candidates and Health IT products and additional risks discussed in the Company's filings with the Securities and Exchange Commission. All subsequent written and oral forward-looking statements attributable to the Company (or any person acting on the Company's behalf) are qualified by the cautionary statements in this notice. MMR Information Systems, Inc. is providing this information as of the date of this release and, except as required by law, does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
Contact:
CONTACT:Bobbie VolmanMMR Information Systems, Inc.(310) 476-7002, Ext. 2005bvolman@mmrmail.comMichael SelsmanPublic Communications Co.(310) 553-5732
Emeka Offor ... Thursday, 17 June 2010 06:10
Nigerian mass communication practitioners have always practised journalism of conscience and national commitment, as former Information Minister Tony Momoh used to call it when he was in the 1970s the editor of the influential Daily Times newspaper. The series of ongoing reports revealing the controversial roles of an otherwise obscure Lebanese firm named Zakhem in countries like Liberia, Ghana and, of course, Nigeria shows the Nigerian media are committed to enduring values and the sanitisation of our society.
Zakhem International, which has practically been declared a persona non grata because of its stupendous bribery of government officials in West African countries, has surprisingly been enjoying a most chummy relationship with the leadership of the Nigerian National Petroleum Corporation (NNPC) which has expectedly been generous to it with gas pipeline contracts totalling about one billion dollars, according to media reports. When we left the corporation some 20 years ago, the rot had admittedly set in, but no one anticipated it would ever get to the present calamitous level.
The media have also revealed that another eminently controversial company in the gas sector, Kastech, is owned by Sir Emeka Offor, founder of the Chrome Group, who has of late been making headlines as a financier of the ruling Peoples Democratic Party (PDP), rather than as the self-styled godfather of Anambra State politics, which hitherto had been the case. Offor, say the reports, floated this firm to win more government contracts without the public knowing that it belongs to him; preventing the public from knowing became imperative after the odium that trailed—and still trails—the multimillion dollar contract for the Turn Around Maintenance (TAM) of both the 60 000 barrels per day Old Port Harcourt Refinery commissioned in 1965 and the 150 000 bpd New Port Harcourt Refinery and Petrochemicals Company commissioned in 1989.
There is, however, an impression in the media that has to be corrected. And it is the impression that the the Port Harcourt refinery contract is the first TAM job Offor has been involved in Nigeria. Unknown to most Nigerians, including key industry participants and observers, Offor participated in the TAM contract for the 125 000 bpd Warri Refinery and Petrochemical Company in the early 1990s. The contract took years to execute, rather than a few weeks. Yet at the end of the day the job was abandoned. The name of the company involved in the so-called TAM was ANCHOFF Strongholds Ltd.
Infuriated by this state of affairs, the Federal Government set up a panel to investigate this mess. The panel was headed by Aret Adams, the most highly respected former NNPC chief executive who was to become the special assistant on petroleum affairs to General Abdulsalami Abubakar when the latter became the Head of State in 1998. Adams discovered, among other things, that Offor’s ANCHOFF Strongholds was unjustifiably paid three billion naira and, consequently, recommended its blacklisting. It also recommended the dismissal of the Warri Refinery Managing Director, Dr Owokalu, who had fled to London immediately the panel was set up. It is a pity that Dr Owokalu is now in total penury. I was one of the people who advised him against the ANCHOFF affair which we knew was going to be a catastrophic national scandal, but he felt I was too junior in the system to advise him.
It speaks volumes about the Nigerian condition that the time Offor became the first Blackman to be awarded an oil refinery TAM contract in Nigeria, he was a mere clearing and forwarding agent in Warri, Delta State, a job he began when he left Julius Berger as an earth moving equipment operator! ANCHOFF Strongholds had just been incorporated hurriedly for the TAM job. There was no bidding of any sort. Some characters in the NNPC leadership and the Ministry of Petroleum Resources conspired to give Offor the hefty job.
Worse is that in spite of the abandonment of the TAM job at the WRPC Ltd and the blacklisting of Offor’s company, as recommended by the Aret panel, Offor went on to win a much bigger contract, that is, the contract to carry out TAM on both the old and new Port Harcourt refineries at Eleme, Rivers State. It was a deal involving the then Head of State, General Sani Abacha; the then Minister of Petroleum Resources, Chief Dan Etete who has since been jailed in France for massive corruption; the Group Managing Director of the NNPC, Engr Dalhatu Bayero; and the then Secretary to the Government of the Federation, Alhaji Giddado Idris, who more or less packaged it. This deal cost the nation over $100m. The refineries were never fixed. The result has been the massive importation of petroleum products into Nigeria on an unprecedented scale—up to this day.
A grateful Offor was to make Idris the chairman of almost every organization of his, including AFEX Bank which he acquired when it was known as Orient Bank with the headquarters in Enugu. With his tremendous financial power derived from the refinery TAM contracts and acquisition of AFEX Bank, Offor moved into Sao Tome and Principe where he has become about the biggest oil player. He even decides who becomes the leader of this tiny island nation with plenty of hydrocarbon deposits.
When President Olusegun Obasanjo assumed Nigeria’s leadership in 1999 and publicly declared anti-corruption a priority of his government, most citizens thought that he would take a hard stance on the Port Harcourt refinery contract. He never did. If anything, he went into bed with Offor in the name of political party solidarity, otherwise called the “PDP family affair”. Offor’s Chrome was paid N8b for the Yola-Bauch transmission line over and above Pivot Engineering which bidded for the electricity job for N6b. In May, 2001, the Obasanjo government awarded the contract for the construction of the Gombe/Yola/Jalingo transmission line to Chrome. Like the first electricity contract, it was abandoned. The House of Representatives Committee on Power which looked into the execution of the contracts recommended the recovery of the Gombe/Yola/Jalingo payment, Chrome’s blacklisting and the investigation of the jobs by the Economic and Financial Crimes Commission. The recommendations were never carried out. Lest we forget, when the Senate Committee invited Offor to clear the air on his role in the refinery TAM contract, he publicly blasted the members and told them in the presence of the press “no one can blackmail me!”. He walked out on them right there in the Senate. That’s the end of the matter.
The Obasanjo government gave to Offor’s Environmental Remedial Holding Company (ERHC) highly prolific oil blocks in both Nigeria and Sao Tome and Principe for almost free; both countries own and operate the Nigeria-Sao Tome Principe Joint Development Zone.The generous awards caused an uproar in the international scene. Readers may wish to read up the international reaction to these awards by searching the Internet through Google or Yahoo or any search engine.
The Emeka Offor story as regards government contracts in Nigeria is a saga, an epic. Thanks to the Nigerian media for letting the public know that Kastech, which is angling for a $5b contract from the NNPC for the construction of gas pipelines from Ajaokuta to Kaduna and Kano, is another name for Chrome. Kastech has already won two major gas contracts from the PDP government. The first was in 2008 when it was assigned the construction of the 107 kilometre by 24inches gas pipeline which runs from Adanga Addax Platform to Calabar. The contract value is $156m. The second contract is for the integrity assessment and rehabilitation of the Oben-Sapele Gas Pipeline and the upgrade and extension of the existing gas metering facilities. The contract sum is $26.4m plus N1.1b. Still, Offor has no yard or even mere trucks to execute the jobs. He is a portfolio businessman who always clutches supposed Memoranda of Understanding.
How long will things continue this way in our country? Well, there may well be a glimmer of hope. True, a particular very senior NNPC official tells everyone who cares to listen that he is in dire need of money because he is about to leave the system on grounds of old age. True, this official is reputed to have been compromised by all manner of businessmen. But not every NNPC official has sold his conscience.
http://saharareporters.com/articles/external-contrib/6293-emeka-offors-kastech-and-other-scams.html
Kazeem was on the NNPC technical staff.
New MMRF Blog June 15th 2010
Thoughts For Today………
http://www.mmrglobal.com/
Posted by MyMedicalRecords | Filed under Personal Health
Today as I prepare for MMR’s shareholder meeting, I think about the things I want to communicate to those who will attend, and those who cannot be there in person and I am filled with enthusiasm. I started this company because of my personal experiences and my belief that the technologies we offer represent a piece of the future of healthcare.
I truly believe that having a personal health record will be as important to daily life as having a credit report. With the passage “Obama Care”, more than 30 million more Americans will be added to the government’s insurance plan. As a result of the escalating costs of healthcare coverage, many of those will come from existing coverage’s abandoned by employers.
That means that millions will be forced to find new doctors and care providers at great personal expense. Those costs will be significantly reduced when a person maintains a personal health record, which will eliminate the need to pay for work-ups and care that has already been provided by other treating physicians.
When I was in China, negotiating the agreements with Unis to create a joint venture to provide electronic medical records with an MMR personal health record inside, I saw proof that personal health records represent a worldwide phenomenon based on the need to reduce medical costs everywhere in the world, providing tools so insureds can take advantage of “tourist medicine”, enabling anyone to get cost effective treatment anywhere in the world. As a Company that through its agreement with Chartis International has the opportunity to provide personal health records to as many as 40 million subscribers in 160 countries, MMR demonstrates further the recognition of the importance of having a personal health record in our lives.
This coming October, plans are in the works to be in India with our technology partner, Nihilent, In India, to introduce our personal and professional products and services in a country estimated to represent over a billion citizens.
To support this growth and help insure a leadership position in this global marketplace we are aggressively perusing additional strategic partnerships with financial institutions including credit unions, banks, and other large population membership organizations worldwide. At the same time we plan on securing necessary funding to grow our business while we recruit personal to support that growth.
We are working with consultants and company advisors to exploit the value of our biotech assets, which we acquired through our merger with Favrille, in January 2009, and we are taking the steps reasonably possible to protect these assets around the world. We are proud that our assets might in some way contribute to finding a cure for specific cancers and other devastating diseases. Today we will celebrate our name change to MMRGlobal at http://www.mmrglobal.com/ , which will continue to result in an extensive upgrade to our websites where consumers and doctors can watch specially targeted videos to familiarize themselves with our products and the Company. All in all, I see a future filled with opportunity driven in part by a global shift in healthcare accountability for the millions of people around the world who understand the importance of new tools to protect themselves and their families.
Robert H. “Bob” Lorsch, CEO, MyMedicalRecords.com
Phone 310-476-7002, Fax 206-374-6136
Bookmark & ShareTags: Bob Lorsch, Chartis, Drug Interactions, EHR, Electonic Health Record, EMR, Kira Reed, MMR, MMR Global, mmrf, MMRGlobal, MMRPro, MyESafeDepositBox, personalhealthrecords, PHR, Robert Lorsch
.175 - $.20 and someone hits the .175 Bid ?
Shorts ??
and so you have it
Exactly, hence the insiders were blasting off saying this and that when all the while there was ZIP
sadly we will never know
kindly like we will never know how ERHC Won Blocks 2 and 4 and kicked Exxon out and Beat out Anadarko who offered more $$$. We will never know about how Addax pulled off the JDZ Hype and got Sinopec to pay up and we will never know how we lost $5,000,000 etc etc
We will never know
How much commercial Oil and Gas was discovered thus far
Exactly if there "WAS" oil - that was the plan - I believe there WAS a Buyout plan - why else did ERHC polish up 5 year old SEC Filings
BUT NO OIL or GAS of any worthwhile quantity WAS FOUND ! Hence we sit at $0.20 vs. $0.90
that was pre Duster Results that was an insider who [probably] lied to Mark and sold out at $.80 and .$90 just as the Bomu hole was completed
the JDZ Staff were always way to optimistic on everything
Still hope for the EEZ I suppose just a ways away
Posted on Facebook by Bob Lorsch
"Thank-you to The New York Times for recognizing that "the eligibility criteria proposed by the Obama administration are so strict and so ambitious that hardly any doctors or hospitals can meet them”. That’s why http://www.MyMedicalRecords.com and http://www.MyMedicalRecordsMD.com are so valuable"
http://www.nytimes.com/2010/06/08/health/policy/08health.html
Doctors and Hospitals Say Goals on Computerized Records Are UnrealisticBy ROBERT PEAR
Published: June 7, 2010
WASHINGTON — In February 2009, as part of legislation to revive the economy, Congress provided tens of billions of dollars to help doctors and hospitals buy equipment to computerize patients’ medical records.
But the eligibility criteria proposed by the Obama administration are so strict and so ambitious that hardly any doctors or hospitals can meet them, not even the most technologically advanced providers like Kaiser Permanente and Intermountain Healthcare.
Doctors and hospital executives, who have expressed their frustration in meetings with White House and Medicare officials, said the issue offered a cautionary tale of what could happen when good intentions meet the reality of America’s fragmented health care system.
The goal of the law is to provide financial incentives, through Medicare and Medicaid, to encourage doctors and hospitals to adopt and use electronic health records. When the bill was passed, the Congressional Budget Office estimated that the incentive payments would total $34 billion.
It is no surprise that tiny hospitals in the Midwest and doctors practicing by themselves would grumble about the White House proposals.
But elite institutions have similar concerns. Among those expressing deep reservations about the proposals are pioneers in the use of health information technology like Kaiser, Intermountain, the Mayo Clinic and Partners HealthCare System in Boston, which includes Brigham and Women’s Hospital and Massachusetts General Hospital.
One of most revealing assessments came from Dr. Thomas H. Lee, president of the physician network at Partners HealthCare.
“Effective use of electronic health records will greatly improve patient safety, quality and efficiency,” Dr. Lee said in a letter to Medicare officials. But he said the approach taken by the administration was based on “unrealistic expectations” and “unachievable timelines.”
“We are very concerned about the requirement that hospitals and eligible professionals must meet each and every one of the objectives to demonstrate meaningful use and thereby qualify for incentive payments,” Dr. Lee said.
In meetings at the White House, doctors and hospital executives have conveyed the same message: the president’s all-or-nothing approach could discourage efforts to adopt electronic health records because some of the proposed standards are impossibly high and the risk of failure is great. They pleaded with the administration to take a more gradual approach and reward incremental progress.
At least 27 senators and 245 House members echoed those concerns in letters to the administration.
Administration officials said they took the concerns seriously, but refused to say whether they would relax the proposed requirements.
“We want to strike a balance,” said Jonathan D. Blum, deputy administrator of the Centers for Medicare and Medicaid Services. “We will provide flexibility for doctors and hospitals, but push them to elevate their performance. Final rules will be out in early summer.”
Anthony A. Barrueta, the vice president for government relations at Kaiser Permanente, said his company, the nation’s largest nonprofit health plan, had years of experience with electronic health records, but could not meet all the criteria for incentive payments.
Dr. Brent E. Wallace, chief medical officer at Intermountain Healthcare, in Utah, said the administration’s criteria were “too rigid, requiring too much change in too short a time.”
President Obama has repeatedly praised Intermountain as a model. But Dr. Wallace said, “At this date, Intermountain could not meet 36 of the 48 meaningful use requirements.”
Administration officials said the standards were needed to meet an ambitious goal set by Mr. Obama. In a speech in January 2009, two weeks before taking office, Mr. Obama said, “We will make the immediate investments necessary to ensure that within five years, all of America’s medical records are computerized.”
Dr. David Blumenthal, the national coordinator for health information technology (who used to work at Partners HealthCare), said, “We are on track” to achieve that goal.
Doctors and hospitals agree with Mr. Obama’s statement that electronic records can save lives by reducing medical errors. But they said the stringent federal criteria would, in effect, require them to have an advanced, sophisticated system of electronic health records to obtain the money they need to install even a basic system.
“The criteria for achieving meaningful use of electronic health records are too aggressive,” said Dr. John R. Maese, a leader of the New York chapter of the American College of Physicians. “The time frame to adopt the technology is unrealistic.”
Dr. Steven M. Safyer, president of Montefiore Medical Center in the Bronx, said his hospital had been a leader in the use of electronic health records. “But even as an early adopter of this technology,” he said, “we find ourselves struggling to meet the federal standards.”
Dr. Safyer said the Obama requirements were laudable as an ultimate goal, but untenable as a starting point. To comply with the federal criteria, he said, Montefiore would have to install new technology at its main hospital and at 75 sites in the Bronx.
Federal incentive payments become available to hospitals in October and to doctors in January. To qualify under the administration plan, doctors would have to meet 25 criteria, or objectives, and hospitals would have to meet 23. In general, a doctor can receive up to $18,000 next year and $44,000 over five years.
Starting in 2015, hospitals and doctors will be subject to financial penalties if they are not using electronic health records.
Kristianne B. Wilson, vice president of the Billings Clinic in eastern Montana, which includes a hospital and 240 doctors, said health information technology was included in the economic recovery package because Mr. Obama and Congress wanted to improve care and create jobs with a quick infusion of money. But, she said, if few hospitals qualify, “that objective will not be achieved.”
To qualify for the federal payments, doctors and hospitals would have to check insurance eligibility and submit claims electronically for most patients. Doctors would have to provide patients with “an electronic copy” of their health information, including diagnostic test results, on request. Doctors and hospitals would have to show they can “electronically exchange key clinical information.”
But Carolyn N. Gaughan, executive director of the Kansas Academy of Family Physicians, said, “At this time in Kansas, physicians have no one with whom to exchange data.”
A version of this article appeared in print on June 8, 2010, on page A16 of the New York edition.
no worries - there will be a re launch of all MMR Products under the MMR Global Banner, + the start of MMR Pro from Kodak
- so there is much to look forward to in the 2nd half of 2010
possible mergers / Bio Tech Assets / Verizon ????
we are in good hands
Rain,,,, FYI I spoke to Kodak
each reseller needs to commit to a min. of $50k in Kodak product / year in order to keep distributorship
so they have a decent group well trained and primed to go
nothing its a Trillion Dollar Industry !!!
many players
many clients
many opportunities
Kodak Sales will be booking Starting Q3
now that the initial implementations have been completed and proper training and install procedures have been rolled out to the Kodak resellers, Direct and InDirect Channels
T-Minus 3 weeks
per Lorsch
[MMRF News]-(Marketwire - 06/08/10) LOS ANGELES, CA - MMR Information Systems, Inc. Retains The MichaelBass Group to Identify Strategic Alliances and M&A Opportunities
Press Release Source: MMR Information Systems, Inc. On Tuesday June 8, 2010, 10:50 am
LOS ANGELES, CA--(Marketwire - 06/08/10) - MMR Information Systems, Inc. (OTC.BB:MMRF - News) (http://www.mymedicalrecords.com/) announced today that it has entered into an agreement with The MichaelBass Group, Inc. to identify strategic partnerships and acquisition opportunities in healthcare information technology as part of the Company's plans to expand its line of products and services.
Robert H. Lorsch, Chairman and CEO of MMR, said, "It's always been our goal to offer products and services that allow our consumer and physician clients to take full advantage of technology through strategic partnerships or acquisitions. The end result is to give MMR the opportunity to sell services to individuals, families, doctors and hospitals that maximize value to our shareholders."
The MichaelBass Group tracks and conducts research on over 200 emerging growth companies in the healthcare information technology sector. MichaelBass conducts its research on behalf of the Institute for Health Technology Transformation (http://www.ihealthtran.com/) and others. The Group actively participates in the programming of Health Tech Investment Forums ( http://www.ihealthtran.com/healthtechforumnyc.html ), with the next one scheduled to take place September 21, 2010 in New York City.
Last week in New York, MichaelBass working with MMR created a checklist of criteria to identify revenue generating companies that are additive to MMR products and services that can be contained inside a personal or electronic medical record. Examples would include companies that generate lab reports, provide transcription services or enhanced imaging products and Bluetooth® patient monitoring devices. These companies create content that could be automatically deposited into a MyMedicalRecords PHR or MyMedicalRecordsMD account and then be shared with patients through the MMRPatientView portal. The MichaelBass Group will also seek companies offering EMR products in an effort to expand MMRPro into a more comprehensive solution inside the physician's office. Unlike the Company's competitors, additional benefits will be realized by virtue of the fact that all this information can then be pushed to the Company's flagship personal health record reinforcing it as the leading PHR available to consumers.
"We're excited about the relationship with MMR and particularly working with Bob Lorsch. Bob has a track record of rolling up companies into one consolidated entity that in the past had a market cap of over $1 billion dollars," said Greg Ellis, Senior Research Analyst of the MichaelBass Group. "There are hundreds of emerging growth companies in health IT that we monitor as part of our ongoing research strategy and many represent strategic opportunities for MMR. As a part of this roll-up strategy, there are numerous opportunities for organizations that are challenged in raising capital during this difficult private equity market that are logical fits to MMR."
The MichaelBass Group is uniquely positioned to serve in an advisory capacity to MMR with its understanding and extensive transaction research in the healthcare information technology industry. MichaelBass works extensively with industry associations, academic institutions, and the leading analysts in healthcare information technology to understand evolving trends and the landscape of this rapidly growing sector.
About MMR Information Systems, Inc.
MMR Information Systems, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies and professional organizations and affinity groups. MyMedicalRecords enables individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet. The MyMedicalRecords Personal Health Record is built on proprietary, patented technologies to allow documents, images and voicemail messages to be transmitted and stored in the system using a variety of methods, including fax, phone, or file upload without relying on any specific electronic medical record platform to populate a user's account. The Company's professional offering, MMRPro, is designed to give physicians' offices an easy and cost-effective solution to digitizing paper-based medical records and sharing them with patients in real time. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. MMR is also an integrated service provider on Google Health. To learn more about MMR Information Systems, Inc. and its products, visit http://www.mymedicalrecords.com/ and view the videos at http://www.mmrvideos.com/.
About MichaelBass Group, Inc.
The MichaelBass Group is an investment and strategic advisory services firm focused on healthcare information technology, healthcare IT services, healthcare mobility providers, and medical technology and devices. Our team of research analysts conducts in depth analysis of the leading companies, trends, and helps our clients to identify transaction opportunities. Our deep roots in healthcare include working with many public and private companies as well as industry associations and academic institutions. By combining technical expertise with invaluable industry insight in healthcare, The MichaelBass Group provides superior advisory services to every client engagement. MichaelBass is a research partner & corporate sponsor of the Institute for Health Technology Transformation. To learn more about The MichaelBass Group please visit http://www.michaelbass.com/
Forward-Looking Statements
Any statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements, and some can be identified by the use of words (and their derivations) such as "need," "possibility," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and "continue." MMR Information Systems, Inc. disclaims any intent or obligation to revise or update any forward-looking statements. These forward-looking statements are based on MMR Information Systems, Inc.'s reasonable expectations as of the date of this press release and are subject to risks and uncertainties that could cause actual results to differ materially from current expectations. The information discussed in this release is subject to various risks and uncertainties related to changes in MMR Information Systems, Inc.'s business prospects, results of operations or financial condition, government regulation, and such other risks and uncertainties as detailed from time to time in MMR Information Systems, Inc.'s public filings with the U.S. Securities and Exchange Commission.
Contact:
CONTACT: Bobbie VolmanMMR Information Systems, Inc.(310) 476-7002, Ext. 2005bvolman@mmrmail.comMichael Selsman
Awesomme Find !!
Chartis executives and planned new business opportunities at Verizon Wireless\
WOW - Get ER done !!
Recall Bob came from the Telecom industry
Verizon Wireless in Headquartered in New York !!
Big East Coast MMR week with Chartis and Lymphoma Research Foundation.
Happy Memorial Day From New York City's Central Park
Bob and Kira
http://www.facebook.com/home.php?#!/profile.php?id=1429271164
New MMRF Joint Venture with the Chinese
sec filing...10k-a
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7287545
Article 1: Based on the "Law of the People's Republic of China on Chinese-Foreign Contractual Joint Ventures" "Company Law of the People's Republic of China" and the relevant Chinese law and regulations, China Unis-TongHe Technology (Zhengzhou) Co., Ltd (hereinafter referred to Party "A") and MMR Information Systems, Inc (hereinafter referred to Party "B") sign this agreement under the premise of honest and equality in order to operate UNIS-TongHe Medical Technology Service Group (Henan) Co., Ltd together (Hereinafter referred to "Equity JV").
Article 2: Name of the Equity JV: UNIS-TongHe MMRIS Medical Technology Service Group (Henan) Co., Ltd.
Legal Address of the equity JV: Zhongmou, Henan, China
Article 3: The Equity JV is a limited liability company. The Equity JV shall bear the liability to its debt to the maximum of its total assets. Each party shall bear limited liability base on its share of investment or unpaid profits and/or distributions.
Article 4: The Equity JV is an enterprise legal person in China and subject to Chinese legal jurisdiction and protection. The Equity JV engaged in business activities must comply with Chinese Laws, Administrative Regulations, social ethics and business ethics, shall be honest and keep faith, shall accept the supervision from government and public, shall undertake social responsibility .
Chapter 2 Purpose and Business Scope
Article 5: Purpose of the Equity JV: social value and commercial value maximization
Article 6: Business Scope of the Equity JV: software and hardware of Medical IT industry, deployment of personal heath records products and professional office health records management systems products and other business scope that allowed by the PRC medical industry laws and regulations.
Article 7: Production scale of the Equity JV: 100 million RMB
[100 million Chinese yuan = 14.6402 million U.S. dollars]
Chapter 3 Investment and Cooperation Condition
Article 8: Total investment amount of the Equity JV is RMB 100 million ; registered RMB
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Party A provides [***] holds 60% shares of the Equity [***] Capital may be in the form of intellectual property, Brand Value, publicly-traded capital stock and cash.
Party B [***] holds 40% shares of the Equity JV. Capital may be in the form of intellectual property , Brand Value, publicly-traded capital stock and cash. [***]
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Article 9: Register capital of the Equity JV shall be paid up [***] . The rest shall be paid up within 60 months. In addition to any other conditions mutually agreed to between Party A and Party B, Party B's contribution obligations are conditioned on the Equity JV obtaining all necessary governmental and other approvals required under the laws of the People's Republic of China.
Article 10: [***] Party A should be responsible for market and customer development, provide good service to customers, party A shall not be fraud or menace, or use other unfair means to harm Party B's interest and reputation.
Article 11: JV products should be provided by Party A and Party B as shall be determined by the Board of Directors after formation, JV product brand should be that defined by JV. Company name of product should be JV name, after-sales service should from JV.
Article 12: Party A and Party B agree to develop a mutually developed marketing plan and operating budget [***] .
Article 13 : Within the validity period of this agreement, Party B shall not provide MMR product to any other china medical product developer, except (i) in connection with a sale of Party B to any non-PRC United States entity or its affiliates, to the extent such entity or affiliate operates in China [***] and (ii) in connection with Party B's provision of services to such a non-PRC entity or its affiliates (even if such entity or affiliate utilizes such services in connection with its operations in China) . Upon the execution of this agreement, Party B shall terminate any binding agreement already exists with any other China medical product developer, except as described above with respect to Party B's provision of services to a United States entity or its affiliates in cases where such entity or affiliate utilizes such services in connection with its operations in China.
Article 14 : After the initial investment capital and cooperation conditions are provided by both parties, JV will hire accountant registered in China to verify JV investment and provide capital verification report, based on which JV will issue funding certificate.
Article 15: Any party shall not transfer all or part of cooperation conditions or rights without prior written consent from the other party ( except in connection with the sale of shares in MMR to a Non-Chinese entity), and should submit for approval from related governmental department and file changes to registration authority. The other party has first right of refusal
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when any party transfer its rights or cooperation conditions.
Article 16: If an investment company with local government background invests in JV (which shall require the approval of Party A and Party B), both parties shall respectively transfer same proportion shares to this company. The other party has first right of refusal when any party sell its shares.
Article 17: JV registered capital adjustment should be approved by BOD, and submit for approval by authority and filing changes to registration department.
Article 18: The date of registration of the Equity JV shall be the date of the establishment of the board of directors of the company
Article 19: Board of Directors is composed of 5 directors, of which 2 shall be appointed by Party A, 2 by Party B, and the 5 th shall be mutually agreed and Chinese citizen. In the case that an investment company with local government background joins in JV, 5 th director shall be appointed by this company. The Chairman of the board shall be Chinese citizen, appointed by Party A and agreed by Party B. 1 Vice chairman shall be appointed by both parties. Directors have 3 years tenure of office, and once reappointed, can renew the term of office. When appointing and replacing directors by each party , a written notice shall be submitted to the board.
Article 20: The Board of Directors is the company's highest power organization. It shall decide all major issues. Resolution of matters will enter force after getting approval from more than 4 of the 5 BOD members; however, no material actions may be approved or taken by the board at a meeting unless all board members are present and voting at such meeting (in person or by video conference).
Matters shall be decided upon through concerted agreement by the directors participating in the meetings of the Board of Directors are:
Amending the company's articles of association
Dismissing the company
Adjusting the registered capital of the company
Pledging the company's capital
Transferring stock rights and cooperation condition of the company by one party or several parties
Merging or separating the company
Modifying or amending the marketing plan and operating budget, as well as the required capital to fund operations.
Additional material matters to be decided upon through concerted agreement by the directors
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participating in the meetings of the Board of Directors may be added at any time.
Article 21: The chairman of the Board is the legal representative of the company. When failing to fulfill his obligations, the chairman of the Board shall authorize vice chairman or other directors to represent the Equity JV to fulfill the obligation for him.
Article 22: The board of directors shall convene at least monthly by video conference during the initial 2 years of operations and, thereafter, at least four meetings in person or by video conference each year (with at least one such meeting being held in the United States), called and presided over by the chairman. In case the chairman is unable to call the meeting, he or she shall authorize the vice chairman of the board or other directors of the board to call and preside over the meeting. A meeting of the board of director may be convened upon a proposal by more than one-third of the directors. At each such meeting, the board shall discuss, at a minimum together with any other agenda items, the Equity JV's operating budget and planned expenditures for the following 90 days, the Equity JV's current performance as compared to the operating budget and marketing plan and discussion of any pending requests for quotation (RFQs).
The meeting of the Board of Directors can only be held with the presence of at least 4 of the directors; however, no material actions mentioned in Article 20 may be approved or taken by the board at a meeting unless all board members are present and voting at such meeting (in person or by video conference). A director, who fails to attend the meeting of the Board of Directors for some reason shall present a certificate of entrustment entrusting another person to attend the meeting on his behalf. A resolution of the material actions from the meeting shall be passed by total members of the board of directors. The director of the board who fails to attend the meeting in person or through a proxy without a reasonable reason shall be regarded as having attended the meeting and abstained from voting.
The notice for convening the meeting of the Board of Directors shall be distributed to all the directors 10 days before the meeting. The meeting can be held through telecommunication and make decisions.
The minutes of the meeting shall be kept on file.
Chapter 5 Board of Supervisors
Article 23 : The Company shall have 1 supervisor, who shall be generated through shareholder meeting. (Note: Decided by both parties). The term of office of a supervisor is three years, upon the expiration of the term, a supervisor maybe reappointed and serves another term if approved by Party A and Party B.
Article 24: The Board of Supervisors or individual supervisors exercise the following powers:
To examine the financial affairs of the company
To supervise the acts of the acts of the senior managers in respect of the performance of their duties assigned by the company, and put forward proposals for removal of the senior managers who violate laws, administrative regulations or the company's articles of association, or the resolutions adopted by the board of directors.
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To demand senior managers to rectify when their acts damage the interests of the company.
To take legal proceedings against senior managers in accordance with the provisions of company law
Supervisors shall attend the meeting of the board of directors as non-voting members.
Article 25: The board of supervisors shall convene a meeting at least once every year. Supervisors may propose to convene an interim meeting of the board of supervisors.
Article 26 : A resolution made by the board of supervisors shall be subject to adoption by more than half of the supervisors.
Chapter 6 Business Management Office
Article 27: The Equity JV shall establish a management office which shall be responsible for its daily management.
Article 28 : The Equity JV shall have 1 general manager, 2 deputy general managers. The general manager shall be hired by the Board of Directors and the deputy general managers shall be hired by the general manager and approved by the Board of Directors.
Article 29 : The general manager shall be responsible to the board of directors directly, carry out the decisions of the Board of Directors and organize the daily works on operation, technology and management of the Equity JV. The deputy general managers shall assist the general manager in his work, if necessary, shall exercise the duties of general manager after being authorized by General Manager or the Board of Director.
Article 30: General Manager and deputy general manager's term of office is 1 year and shall be renewed annually by the Board of Directors.
Article 31 : In case general manger, deputy general managers and other senior administrative personnel conduct graft or serious dereliction of duty, they may be dismissed at any time upon the decision of the board.
Chapter 7 Taxation, Foreign Exchange Management finance and Accounting
Article 32 : The Equity JV shall process tax, foreign exchange and prepare financial and accounting system in accordance with the related laws, regulations and rules of the People's Republic of China and shall record in the government related department.
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Chapter 8 Profit Share
Article 33 : The Equity JV shall allocate reserve funds, expansion funds and bonuses welfare funds for staff and workers after payment of taxes. The proportion of allocation shall be decided by the board of directors.
Article 34 : After paying the taxes in accordance with law and drawing the various funds, the profits in net will be distributed [***] .
Article 35 : [***] .
Chapter 9 Staff
Article 36: The employment, recruitment, dismissal and resignation of the staff and workers of the Equity JV and their salary, welfare, labor insurance, labor protection, labor discipline and other matters shall be handled according to the China labor and social security laws and regulations.
Chapter 10 Duration, Termination and Liquidation of the Joint Venture
Article 37: The contracting term of the Equity JV is 50 years
Article 38 : Through mutual consensus, cancellation or bankruptcy or others, shall in accordance with the relevant laws and procedure of the People's Republic of China to execute the termination.
Article 39 : The Equity JV should be in accordance with the relevant laws and procedure of the People's Republic of china to do the liquidation if bankrupt or terminate.
Chapter 11 Settlement of Disputes
Article 40 : Any disputes arising from the execution of the contract shall be settled through consultations between both parities. In case no settlement can be reached through consultations, the disputes can be submitted to the China court in Equity JV register place for arbitration.
Chapter 12 Language
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Article 41 : Chinese is the language for this agreement and its supplementary article, under the premise of failure detailed description, English can be the supplementary language.
Chapter 13 Supplementary Articles
Article 42 : Parties hereto may supplement through negotiation matters not mentioned herein. Any supplementary agreement shall be written and act as a part of this agreement and has the same legal effect. Without limiting this Article 42, the Parties are executing that certain letter agreement of even date herewith concurrently with the execution of this Agreement, and this Agreement shall not take effect unless and until such letter agreement is also executed by the Parties.
Party A: Unis Tonghe Technology (Zhengzhou) Co., Ltd (Common Seal)
Legal Representative:_________________________________(Signature)
Date:
Place: Beijing, China
Party B: MMR information Systems, Inc.
Legal Representative:_________________________________(Signature)
Date:
Place: Beijing, China
EXHIBIT 10.28
MASTER SERVICES AGREEMENT*
This Master Services Agreement ("Master Agreement") is made and entered into as of this _____ day of __________ 2010 ("Effective Date") between: Chartis International LLC, an entity formed under the laws of the state of Delaware, ("Chartis International"), and such insurance company Affiliates of Chartis as may agree to be bound by this Agreement by executing a Local Agreement (each a "Local ICA") (collectively "Chartis") and MMR Information Systems, Inc., an entity formed under the laws of Delaware ("MMR"). (Each of Chartis International, the Local ICAs, and MMR is also referred to herein as "Party"; collectively, as "Parties.")
RECITALS
A. Chartis International's Local ICA Affiliates provide insurance services around the world, including, but not limited to, personal accident, health and travel insurance for individuals and businesses ("Insurance Products," as defined in Article 1). Chartis and the Local ICAs wish to arrange for certain Customers (as defined in Article 1) who purchase various Insurance Products from Local ICAs to have access to electronic storage of their medical and other personal records ("Personal Records, "as defined in Article 1).
B. MMR specializes in the development, customization and management of an integrated communications platform for the storage of Personal Records through MyMedicalRecords.com and MyEsafedepositbox.com accounts ("MMR Accounts," as defined in Article 1).
C. The Parties wish to enter into an agreement whereby MMR shall provide Local ICA Customers with access to fully provisioned MMR Accounts and related Services (as defined in Article 1), as set forth herein.
D. The Parties intend this Master Agreement to establish the MMR Account features and Services available to Local ICAs, as well as the applicable pricing structure. For each Local ICA wishing to provide its Customers with access to MMR Accounts and related Services, the Local ICA and MMR shall execute a Local Agreement, subject to the terms and conditions of this Master Agreement.
Defined Terms
1.1 "Affiliate" means when used with reference to a specific entity, any other entity which directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the specified entity; provided that, for the purpose of this definition, "control" shall mean the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person or entity or the ability to elect a majority of board members or members of an equivalent management body of an entity, whether through the ownership of voting securities, by contract or otherwise.
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* [***]: Certain confidential information contained in this document marked with [***] has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
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1.2 "Customers" means the policyholders and beneficiaries entitled to access MMR Accounts under insurance polices issued by Local ICAs who have established MMR Accounts. When a policy provides for MMR Account access to more than one person, "Customer" refers to each such covered person individually.
1.3 "Chartis Marks" means the trademarks, services marks and/or trade names belonging to Chartis and provided to MMR under this Agreement for use in connection with the Services. Local ICAs may attach trademark guidelines to Local Agreements.
1.4 "Exclusivity Right" is a territorial exclusivity right granted by MMR to the Local ICAs, as fully defined in Article 4, Exclusivity Right.
1.5 "Initial Term," means with respect to this Master Agreement, the period during which this Master Agreement is in effect, as specified in Article 3.1.
1.6 "Insurance Products" means insurance policies issued by Local ICAs for individuals and businesses, including, but not limited to, personal accident, health and travel insurance policies.
1.7 "Local Agreement" means an agreement entered into by MMR and a Local ICA, substantially in the form of the sample Local Agreement (Attachment A), with the purpose, inter alia , of said Local ICA becoming a Party to this Agreement and being bound by its terms and conditions.
1.8 "Local Effective Date" means the date on which a Local Agreement is effective as chosen by a Local ICA.
1.9 "Local ICA" means a local insurance company affiliate of Chartis International that has executed a Local Agreement with MMR, except in Article 4, Exclusivity Right, in which "Local ICA" refers to all Affiliates of Chartis regardless of whether such Affiliates have executed Local Agreements.
1.10 "Local Initial Term" means, with respect to a Local Agreement, the period commencing on the Local Effective Date and ending three (3) years after the Local ICA sells its first Insurance Product that includes MMR Account access.
1.11 "Master Agreement" means this agreement and any and all attachments and addenda attached hereto, including any Local Agreements, in accordance with the terms and conditions specified herein.
1.12 "MMR Account" means a MyMedicalRecords.com or MyEsafedepositbox.com account established and maintained by MMR on its worldwide communications platform pursuant to this Master Agreement for the storage, transmission and maintenance of Personal Records. All MMR Accounts shall have the features set forth in Article 5.
1.13 "Personal Records" means Customer personal records, which may include, but are not limited to: (a) medical records such as lab reports and test results, patient charts and notes, vaccination and immunization records and prescriptions; and (b) other documents such as insurance policies, passport, bank statements, deeds of trust, birth and marriage certificates, living wills, powers of attorney, photos of family and property and other emergency travel documents.
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1.14 "Policy" means, for purposes of pricing pursuant to Article 6, each Insurance Product pursuant to which Customers are entitled to access MMR Accounts, regardless of whether Customers actually have established MMR Accounts.
1.15 "Region" means a group of countries or jurisdictions (in which Local ICAs are located) that share a common primary language.
1.16 "Renewal Term," means [***] renewal period, as defined in Article 3.2.
1.17 "Run-Off Period," fully defined in Article 3.12, means a [***] following a Termination Date during which MMR continues to offer and maintain MMR Accounts and provide Services.
1.18 "Services" means the services MMR shall provide to Local ICAs as set forth in Article 5.
1.19 "Termination Date" means that date on which this Master Agreement or Local agreement is terminated in accordance with Article 3 and/or a Local Agreement.
1.20 "Updates" means any modifications, error corrections, bug fixes, new releases, or other updates of or to the Licensed Software that may be provided or otherwise made generally available by MMR from time to time to any of its customers.
THE PARTIES AGREE AS FOLLOWS:
General Covenants
2.1 Chartis International may present this Master Agreement and information about the availability of MMR Accounts and Services to its various regional and country managers.
2.2 If a Local ICA, in its sole discretion, wishes to offer MMR Accounts and Services as part of its Insurance Products, such Local ICA and MMR shall enter into a Local Agreement for the provision of such MMR Accounts and Services.
2.3 MMR shall make available to each such Local ICA access to MMR Accounts and Services as set forth herein.
2.4 All of the terms and conditions of this Master Agreement [***] shall be applicable to and incorporated into any Local Agreement between MMR and a Local ICA. The Parties anticipate that each such Local Agreement may contain additional provisions, to be agreed upon by the Parties, to address local business needs and legal/regulatory requirements.
Term and Termination
3.1 This Master Agreement will take effect on the Effective Date and remain in effect for a period of three (3) years or until the date on which the last Local Agreement expires ("Initial Term"), unless earlier terminated in accordance with the terms of this Master Agreement.
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3.2 Upon the completion of the Initial Term, this Master Agreement will automatically renew for successive [***] periods (each such [***] period being a "Renewal Term") unless either Party provides written notice to the other Party of the non-renewing Party's intent not to renew this Master Agreement [***].
3.3 Any notice of termination shall specify the date of termination ("Termination Date").
3.4 Each Local Agreement shall take effect on the effective date specified therein, as chosen by the relevant Local ICA ("Local Effective Date").
3.5 Unless otherwise specified in a Local Agreement, each Local Agreement shall include the same term and termination provisions as set forth in Articles 3.2, 3.3 and 3.4 with a Local Initial Term commencing on the Local Effective Date and ending three (3) years after the date on which the Local ICA sells its first Insurance Product that includes MMR Account access.. A Local Initial Term is to be followed by [***] Renewal Terms unless and until a Party provides written notice to the other Party of the non-renewing Party's intent not to renew this Agreement [***] prior to the date of the expiration of the Initial Term or any such Renewal Term.
3.6 This Master Agreement may be terminated by either Party by providing the other Party with [***] written notice, in the event of any of the following:
3.6.1 failure to perform any material obligation (other than the nonpayment or late payment by Chartis of fees owed to MMR hereunder) under this Agreement, if such failure is not cured by the defaulting Party [***], as set forth in additional detail in Article 3.7; or
3.6.2 to the extent permitted by law, if a Party seeks insolvency relief of any type, or obtains insolvency relief of any type, including but not limited to an order or judgment by a court of competent jurisdiction adjudicating the Party bankrupt or insolvent
3.6.3 the failure of either Party to maintain any license, certification or accreditation required to conduct business or perform activities under this Agreement; or
3.6.4 subject to Article 14, if there is a change of substantial ownership or control of either Party.
3.7 If either Party materially breaches the provisions of this Master Agreement, the other Party may terminate this Master Agreement. The Party claiming a material breach shall provide the other Party written notice of its intention to terminate this Agreement ("Termination Notice") and, in the Termination Notice, shall specify with reasonable particularity the nature, facts, and extent of the material breach complained of. The breaching Party shall have [***] to cure or if completion of a cure is not possible [***], to reasonably commence curing the breach. If the breaching Party fails to cure or reasonably commence curing the breach [***] and such failure to cure or commence curing the breach is due to the breaching Party's acts or omissions, then the effective date of termination of this Master Agreement will be [***] after the date of receipt of the initial notice of termination.
3.8 All obligations of the Parties under this Master Agreement shall terminate on the Termination Date of this Master Agreement, except for the obligations specified in or created by Articles 3.11, 5, 7, 8, 9, 11, 12, 13 and those obligations specified in a Local Agreement to continue
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subsequent to the Termination Date of this Master Agreement. Subject to Article 3.12, Termination of a Local Agreement will not terminate any other Local Agreement or this Master Agreement.
3.9 This Master Agreement may be terminated by either Party in the event of a change in the applicable law or regulation of any country, state or local government, or amendment of statutes, rules or regulations or by virtue of an administrative or judicial order or decision if such change significantly impacts or frustrates the purpose of this Master Agreement. If any state of the United States or other jurisdiction penalizes a Party for administering this Master Agreement, the Party affected may, upon written notice to the other Party, discontinue the Master Agreement's application in such state or jurisdiction, or amend its services to comply with such ruling. This Master Agreement will continue to remain in effect, in whole or in part, if appropriate in any other states or jurisdictions.
3.10 Notwithstanding the termination of this Master Agreement, all of the applicable terms and conditions herein shall remain effective with respect to any Local Agreement that is still in effect at the Master Agreement Termination Date, and shall continue to be in effect with respect to such Local Agreement until its Termination Date or until the end of any Run-Off Period in accordance with Article 3.11 below.
3.11 Notwithstanding the above, in order to ensure continuity of coverage to each Local ICA's Customers when this Master Agreement or a Local Agreement is terminated, unless the Parties otherwise agree, MMR shall continue offering and managing MMR Accounts and providing Services to the relevant Local ICA(s) until the expiration of all existing insurance polices issued prior to the date of Termination under which Customers have established or are entitled to establish MMR Accounts ("Run-Off Period"). [***].
3.12 In the event that all Local Agreements are terminated, this Master Agreement also will be deemed terminated as of the Termination Date of the last Local Agreement in effect, and, in the absence of a written termination notice with respect to the Master Agreement, the notice of termination issued by such Local ICA shall be deemed effective and sufficient with respect to the Master Agreement.
Limited Exclusivity
4.1 For purposes of this Article 4, "Local ICA" shall mean any insurance company Affiliate of Chartis and is not limited to Affiliates that have executed a Local Agreement.
4.2 In countries in which MMR, prior to the execution of this Agreement is not engaged in advanced negotiations with any other insurance company for the provision of MMR Accounts, MMR hereby grants the Local ICA the right of exclusivity ("Exclusivity Right"). Specifically, MMR shall offer the Local ICA in the relevant country the option of including an MMR Account feature in its policies and shall refrain from offering MMR Accounts and related Services to other insurers in that country. Offering MMR Accounts and Services to any other affiliate of Chartis, however, will not be considered as a breach of this clause by MMR.
4.3 The Exclusivity Right in each country shall be valid [***].
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4.4 Notwithstanding the foregoing, MMR may at any time request from a Local ICA a waiver of the Exclusivity Right to enable MMR to market MMR Accounts and Services to other entities in that country which issue or distribute insurance products, which waiver shall not be unreasonably withheld. The relevant Local ICA shall respond to any such waiver request [***].
4.5 If a Local ICA waives the Exclusivity Right or fails to respond to a waiver request [***], MMR may enter into agreements with other insurance companies for the provision of MMR Accounts and Services, provided that MMR shall not confer in any such agreement any exclusivity rights on the other party to the agreement. In any event, a Local ICA that waives the Exclusivity Right or fails to respond to a waiver request [***] may at any later date choose to offer Customers MMR Accounts on a non-exclusive basis for that Local ICA.
4.6 MMR may refuse to offer MMR Accounts and Services to Local ICAs if it reasonably believes it would be not be economically worthwhile to do so based on the pricing in this Master Agreement. [***].
MMR Accounts and Services
MMR shall provide interactive MMR Accounts and related Services as set forth below:
5.1 MMR Accounts Generally . MMR shall host Customer MMR Accounts on MMR's worldwide integrated communications platform(s), which provides Customers with the ability to securely upload, fax and/or voice-record Personal Records directly into their MMR Accounts for storage and retrieval.
5.2 Region Landing Pages . MMR shall establish an MMR Account landing page for each Region in its applicable language. Such languages shall include: English; German; French; Italian; Spanish; Japanese; and Chinese. [***]. MMR shall link Customer registrations to the appropriate Region landing page.
5.3 Additional Country Landing Pages . MMR shall establish an additional, separate landing page for a country within a Region if a Local ICA advises that it is necessary for local legal or regulatory reasons. [***].
5.4 Local ICA Approval . All Region or country landing pages are subject to business and legal/compliance approval by each relevant Local ICA. In order to secure such approval, MMR may be required to demonstrate compliance with local legal and regulatory requirements and to execute related documents. In no event shall a landing page and MMR Account access be launched for a Region or country until each Local ICA confirms in writing its counsel's approval.
5.5 Specific MMR Account Features . MMR Account shall include the following features:
5.5.1 [***]
5.5.2 Medical Records Storage - MMR Accounts shall provide transmission capability and storage/maintenance for personal health history information and medical records,
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including but not limited to, lab reports and test results, patient charts and notes, vaccination and immunization records and prescriptions, x-rays and other medical images.
5.5.3 "MyEsafedepositbox" - MMR Accounts shall include a "MyEsafedepositbox" feature that provides virtual, password-protected lock-boxes to store such documents as insurance policies, passport, bank statements, deeds of trust, birth and marriage certificates, living wills, powers of attorney, photos of family and property and other emergency travel documents.
5.5.4 Retrieval and Transmission - In addition to storing Personal Records in their MMR Accounts, Customers shall have the ability to print, email or fax documents out of their MMR Accounts. Faxes will be sent directly from the MMR Account; documents in an MMR Account to be emailed must be opened and sent from a Customer's email (e.g. Outlook).
5.5.5 [***]
5.5.6 Emergency Login - A separate emergency portal shall allow doctors and other medical personnel read-only access to potentially life-saving information in Customer-selected portions of an MMR Account in the event of a medical emergency or natural disaster.
5.5.7 Customized File Folders - For easier document management and retrieval, MMR shall provide Customers with [***] file folders in their MMR Accounts, [***].
5.5.8 Secondary Passwords on Selected File Folders - Customers shall be able to assign a secondary password [***] to create an extra level of privacy and security for select information, such as data stored in the MyEsafedepositbox.
5.5.9 Multiple Notification Channels - MMR Accounts shall allow Customers to receive notifications, including alerts for voice messages from medical professionals, records faxed into the system and reminders for doctor appointments and prescription refills [***]. Customers also may be reached by email to their PDAs and text-enabled cell phones in addition to their desktop or laptop computer.
5.5.10 Drug Reference and Drug Interaction Tool - MMR shall provide Customers with access to Region-specific databases with information on prescription drugs, over-the-counter medications and nutritional supplements in each Region in which such databases are available. [***]
5.5.11 Personal Prescription Database - MMR shall provide Customers with the ability to create a listing of all their prescriptions and over-the-counter medications. Each time a Customer enters a new prescription, the Customer may use the drug interaction tool to automatically check for any possible adverse interactions between prescribed medications.
5.5.12 Calendaring System with Prescription Reminders - MMR Accounts shall include a calendar feature for scheduling and generating reminders about upcoming doctor and other health or non-health related events. Customers shall be able to enter their prescriptions, pharmacies and refill dates into their MMR Accounts. Reminders appear when a Customers logs into an MMR Account and can also be set up as alerts (as described above). Appointments and reminders can be imported into Microsoft Outlook.
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5.5.13 Search Feature - MMR Accounts shall include a search feature enabling Customers to perform free-form searches easily throughout the site using words and key phrases. In addition, Customers shall be able to attach their own notes, separate and distinct from the medical records that have been faxed or uploaded into the system, which makes it easy to document conversations with doctors or other medical providers.
5.5.14 New Features - MMR shall [***] make new MMR Account features available to Customers. MMR may develop and release new functionality representing substantial improvements to and/or optional new modules ("New Capabilities") to MMR Accounts from time to time, and shall notify the Local ICAs of the availability of such New Capabilities and any additional license fees and charges, if any, associated with them for the Local ICAs' consideration.
5.5.15 Downloading of records on expiration of Customer's insurance policy - [***] MMR shall send the Customer an email notification informing the Customer that their use of the MMR Account will terminate upon the expiration of their insurance policy. The email will give the Customer the option to convert to an individual subscription or to download any records they need [***].
5.5.16 Request to Disable an MMR Account - A Customer may at any time contact MMR and request that their MMR Account be disabled, in which case, unless otherwise agreed in a Local Agreement, the MMR Account will be closed, the Customer will no longer have access to their records and the DID number associated with their MMR Account.
5.5.17 Services levels shall be established by each Local ICA, and a Service Schedule shall be attached to each Local Agreement.
5.6 Branding
5.6.1 MMR shall provide a URL for the website hosting Customer MMR Accounts. Landing pages will be MMR-branded with an acknowledgment that they are provided for Chartis Customers. The Parties agree to cooperate with respect to "look and feel" issues.
5.6.2 MMR shall create a "branded" user guide and provide Chartis with the ability to print branded stickers.
5.6.3 Chartis shall provide all graphic elements needed for such branding.
5.7 Services
5.7.1 MMR [***] shall provide multilingual, international Customer service resources to handle all Customer inquiries relating to MMR Accounts. MMR shall establish or contract call centers to support each Region and also shall have personnel to answer Customer inquiries via e-mail. Customers shall be able to access such call centers by dialing regional local numbers in their home countries at no cost or at the lowest possible local call cost to the Customer.
Fees and Terms of Payment
6.1 [***]
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6.2 Each Local ICA shall provide MMR with a report detailing the number of policies sold [***].
6.3 Each new Local ICA executing a Local Agreement shall pay a deposit [***].
6.4 [***]
6.5 [***]
License
Each Party represents, covenants and warrants that:
7.1 The Party and all personnel associated with the Party have obtained any licenses, certifications or permits required by law for the Party and all such staff to perform its obligations under this Master Agreement and all Local Agreements.
7.2 All such licenses, certifications or permits are currently in effect and will be renewed, updated and maintained as required by law throughout the term of this Master Agreement, and that all of the Party's staff are in good standing with all applicable licensing and regulatory authorities. Each Party shall notify the other Party if any of its or its staff's legally required licenses, certiifcations or permits are suspended or revoked.
Protection of Customer Information
8.1 MMR shall participate and fully cooperate in Chartis' vendor data security audit process. No Local Agreements shall be executed until Chartis confirms MMR has satisfactorily completed that process. MMR agrees and warrants that it shall comply with the requirements set forth in the Security Schedule attached hereto as Attachment B (Security Schedule). To the extent that the language set forth in the Security Schedule conflicts with the language set forth in this Article 8, the language in the Security Schedule shall govern.
8.2 Each MMR Account shall be secured by a unique identification and password combination.
8.3 MMR shall ensure that data is stored and accessed in a secure format and that access is protected using firewalls which permit or deny connections based on packet filtering, application proxying and pre-existing sessions.
8.4 MMR shall tightly control access to data center areas, requiring individuals to be authenticated with Smart Card access.
8.5 MMR shall maintain synchronized redundancy across all levels of its telephony and web infrastructure in order to ensure that there is no single point of failure. Customer data shall be stored in one production Tier IV data center, with a back-up data center [***]to ensure that if the production center becomes inoperative, MMR Accounts will be accessible through the back-up data center with no interruption in service. MMR shall also maintain protection against data loss and corruption through power back-up systems.
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8.6 Customers shall have sole control over the information placed and stored in their MMR Accounts and sole control over access to such information. Subject to the provisions of Attachment B, Security Schedule, MMR represents that MMR employees shall not have access to any information placed into the system by Customers, other than such data necessary to validate Customer identity for the purpose of responding to Customer password requests.
8.7 MMR agrees to comply with all applicable privacy laws and regulations in each Local ICA's jurisdiction and to execute any required statements or agreements regarding the protection of Customer data.
Indemnification
9.1 MMR shall indemnify and hold harmless Chartis, its affiliates and their respective directors, officers, employees and agents from and against any and all damages, liabilities, fines, fees, penalties, interest obligations, deficiencies, losses and expenses (including without limitation fees and expenses of attorneys) arising out of or relating to MMR Accounts and the Services, including but not limited to, any all such claims or losses arising out of or relating to the breach by MMR of any representations or warranties and the violation by MMR of any applicable local law or regulation with respect to MMR's performance hereunder
9.2 MMR acknowledges that Chartis is not responsible for the maintenance of MMR Accounts or other MMR Services, and that MMR retains complete control over its platform and the provision of MMR Accounts and Services and shall be solely responsible for all acts and decisions in connection therewith.
9.3 Furthermore, each Party (the "Indemnitor") agrees to indemnify the other Party (the "Indemnitee") from and against, and shall provide a defense with respect to, (a) any claim asserted against the Indemnitee by a third party in which it is alleged that the Indemnitor's intellectual property infringes upon the rights of any third parties with respect to any copyright, patent, or trade secret, or (b) any negligent act or omission or willful misconduct by the Indemnitor, its Representatives, or any Subcontractor engaged by Indemnitor in the performance of any obligations under this Agreement, or (c) any breach in a representation, covenant, or obligation of the Indemnitor contained in this Agreement; provided that (a) the Indemnitor is immediately notified of any such claim; (b) the Indemnitor has full discretion and control of the defense or settlement of any such claim provided that Indemnitor shall not have any right to stipulate or consent to the entry of an award or judgment against the Indemnitee without the Indemnitee's express written consent, which shall be in the Indemnitee's sole and absolute discretion; and (c) the Indemnitee provides full and complete cooperation in the defense and settlement of any such claim.
9.4 The obligations set forth in this Article shall survive the termination of this Master Agreement.
Insurance
MMR shall maintain a cyberliability liability policy [***]. Chartis and the Local ICAs will be added to such cyberliability policy as additional named insureds.
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Independent Contractor Relationship
Neither this Master Agreement nor any Local Agreement hereunder is intended to create, nor shall it be construed to create, any relationship between Chartis and MMR other than that of independent persons or entities contracting for the purpose of effecting provisions of this Agreement. Neither Party nor any of their representatives shall be construed to be the agent, employer, employee or representative of the other.
Books and Records
12.1 The Parties agree to cooperate with each other to exchange information necessary to implement this Agreement.
12.2 Each Party shall maintain books and records[***].
12.3 The obligations set forth in this Article shall survive the termination of this Agreement.
Confidentiality
13.1 Each Party ("Disclosing Party") may, in the course of the relationship established by this Agreement, disclose to the other party ("Receiving Party") in confidence non-public information, including, but not limited to, Personally Identifiable Information (as defined below) or information about benefit determination or care coordination procedures, credentialing criteria, patient treatments, methods, systems, practices, business plans, trade secrets, discounts or other proprietary information ("Confidential Information"). Each Receiving Party acknowledges that the Disclosing Party shall at all times be and remain the owner of all such Confidential Information, and that the Receiving Party shall use its best efforts, consistent with the manner in which it protects its own Confidential Information, to preserve the confidentiality of any such Confidential Information which such party knows or reasonably should know that the Disclosing Party deems to be Confidential Information. The Receiving Party shall not use for its own benefit, or disclose to any third parties, any Confidential Information without the Disclosing Party's written consent. "Personally Identifiable Information" shall mean (a) any information from which an individual can be identified; (b) any information concerning an individual that would be considered "nonpublic personal information" within the meaning of Title V of the Gramm-Leach Bliley Act of 1999 (Public Law 106-102, 113 Stat. 1338) and its implementing regulations, as the same may be amended from time to time; (c) any information regarding Local ICA Customers received by MMR in connection with the performance of its obligations under the Agreement, including, but not limited to, (i) an individual's name, address, e-mail address, IP address, telephone number and/or social security number, (ii) the fact that an individual has a relationship with Chartis and/or its parent, affiliated or subsidiary companies, (iii) an individual's account information; (iv) any information regarding an individual's medical history or treatment; and (v) any other information of or relating to an individual that is protected from disclosure by applicable Privacy Laws. For purposes of this Master Agreement, "Privacy Laws" shall mean any national, federal, state or local laws, rules or regulations of any jurisdiction relating to the personal information or collection, use, storage, disclosure or transfer of personal information, including the Health Insurance Portability and Accountability Act of 1996 and its implementing regulations, UK Data Protection Act 1998, Directive 95/46/EC of the European
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Parliament and any legislation and/or regulation implementing same, the Japanese Law Concerning the Protection of Personal Information and the applicable implementing Ministry Guidelines and any legislation and/or regulation implementing them, the Hong Kong Personal Data (Privacy) Ordinance, the Canadian Personal Information Protection and Electronic Documents Act, and the Argentinean Personal Data Protection Regulation, as each may be amended from time to time.
13.2 Each Party hereby agrees that the other Party's Confidential Information will be used solely for the purpose of performing its obligations under this Agreement. Each Receiving Party may disclose Confidential Information only to its directors, officers, employees, agents or advisors (collectively, "Representatives") who need to know such information for the purpose of performing the Receiving Party's obligations under this Agreement. The Receiving Party shall inform its Representatives of the confidential nature of such information and direct such Representatives to treat such information confidentially. Confidential Information may not be copied, duplicated or otherwise reproduced, in whole or in part, without the prior written consent of the Disclosing Party, except for such copies as the Receiving Party may require pursuant to this Agreement, for internal purposes, on a need-to-know basis.
13.3 In the event that a Receiving Party becomes legally compelled to disclose any of the Confidential Information of a Disclosing Party or to take any other action prohibited by this Agreement, the Receiving Party so legally compelled will provide prompt written notice to the Disclosing Party for the purpose of enabling the Disclosing Party to seek a protective order or other appropriate remedy, or to waive compliance with the confidentiality provisions of this Agreement. In the event that the Disclosing Party does not obtain such protective order or other remedy prior to the time of the required disclosure of the Confidential Information, [***] the Receiving Party so legally compelled will furnish only that portion of the Confidential Information or take only such action which is, in the opinion of such Receiving Party's counsel, legally required, and will exercise reasonable efforts to obtain reliable assurance that confidential treatment will be accorded to any Confidential Information so furnished.
13.4 Except with respect to Personally Identifiable Information, Confidential Information shall not include information which: (i) is public knowledge at the time of disclosure; (ii) is received from a third-party without restriction or an obligation to maintain confidentiality; or (iii) is approved for release by written authorization of the Disclosing Party.
13.5 The Parties acknowledge that the Privacy Laws govern disclosures of personal information. MMR acknowledges that pursuant to the Privacy Laws, Chartis is required to obtain certain undertakings from MMR with regard to the collection, use, storage, disclosure, transfer and protection of Personally Identifiable Information. Chartis shall be under no obligation to take any action that, within Chartis's judgment, would constitute a violation of the Privacy Laws or its internal privacy policies.
MMR acknowledges and agrees that any unauthorized access to, use or disclosure of Personally Identifiable Information would cause immediate and irreparable harm to Chartis for which money damages would not constitute an adequate remedy and that in the event of any unauthorized use or disclosure of Personally Identifiable Information, Chartis will be entitled to immediate injunctive relief. Notwithstanding any other terms or conditions of this Agreement, in the event that MMR breaches any of its representations, warranties, or obligations under this Article 13.5, Chartis
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shall be entitled to recover money damages, including special, incidental, punitive or consequential damages, whether based on breach of contract, tort (including negligence), or otherwise; and MMR shall be required to bear all costs of notifying Chartis's customers or employees of any unauthorized access to their Personally Identifiable Information.
Notwithstanding any other provision of this Agreement, MMR covenants that, with respect to any Personally Identifiable Information, MMR shall: (a) comply with all applicable laws, regulations and best practices regarding data security and privacy in performing the Services and its other obligations hereunder; (b) inform itself regarding, and comply with, Chartis's privacy policies and all applicable privacy laws, including the Privacy Laws; (c) keep all Personally Identifiable Information strictly confidential, and not disclose any Personally Identifiable Information to third parties other than a regulatory authority having jurisdiction over the receiving party or use any Personally Identifiable Information except to the extent necessary to perform the Services and in accordance with Chartis's privacy policies and all applicable privacy laws, including the Privacy Laws; (d) not use Personally Identifiable Information for any purpose other than to perform Services under this Agreement; (e) not disclose any Personally Identifiable Information to any other entity (including MMR's third party service providers), other than a regulatory authority having jurisdiction over the receiving party, without the prior written consent of Chartis and an agreement in writing from such other entity to use or disclose such Personally Identifiable Information only to the extent necessary to carry out MMR's obligations under this Agreement and for no other purposes; (f) maintain (and require entities approved in accordance with foregoing subsection (e) to maintain) adequate administrative, technical, and physical safeguards to ensure the security and confidentiality of Personally Identifiable Information, protect against any anticipated threats or hazards to the security or integrity of Personally Identifiable Information, and protect against unauthorized access to or use of or disclosure of Personally Identifiable Information; (g) not make any changes to its security measures that would increase the risk of an unauthorized access to, use of or disclosure of Personally Identifiable Information; (h) notify Chartis immediately in writing when MMR becomes aware of any material breach of its security safeguards or has reason to believe that Personally Identifiable Information may have been subject to unauthorized disclosure, access, or use ("Security Incident"), which notification shall include the following information: (1) the nature of the unauthorized disclosure or use; (2) the Personally Identifiable Information accessed, disclosed or used; (3) the identity of the person(s) or entity(ies) who received the unauthorized disclosure or made the unauthorized access or use; (4) what corrective action MMR took or will take to prevent further unauthorized disclosures or uses; (5) what MMR did or will do to mitigate any deleterious effect of such unauthorized disclosure or use; and (6) such other information as Chartis may reasonably request; and (i) take all reasonable and appropriate steps to protect Personally Identifiable Information in the event of a failure of MMR's security safeguards or unauthorized access to Personally Identifiable Information from or through MMR; (j) if requested [***] provide notice to affected individuals and regulatory authorities, and indemnify Chartis for all costs associates with responding to a Security Incident (including, but not limited to, setting up a call center, providing credit monitoring).
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MMR shall execute all documents specified by Chartis, including the version selected by Chartis of the standard contractual clauses for the transfer of personal data from the European Community to third countries for transfer from Data Controllers to Data Controllers or Data Processors, as applicable, in the form as published by the European Commission from time to time, without any modification (available at http://ec.europa.eu/justice_home/fsj/privacy/modelcontracts/index_en.htm ), or a delegation agreement as provided under the Japanese Personal Information Law, and any other equivalent data transfer agreement developed by Chartis for transfers of personal data from any other country to MMR or any MMR agent and from MMR or any MMR agent to Chartis or Local ICAs.
13.6 This Agreement shall not be construed to grant either Party any license or similar right to Confidential Information disclosed or delivered to it by the other Party. Each Party agrees that its receipt and handling of any Confidential Information from the other Party shall not grant to it any copyright, intellectual property or trademark rights with regard to such Confidential Information. Neither Party may use the other's name, trademarks, service marks or other intellectual property without the written permission of the other, except that Chartis may include descriptive information relating to MMR in its standard marketing materials.
13.7 This Article 13 (Confidentiality) shall survive termination of this Agreement. MMR acknowledges that it will be required to enter into additional confidentiality obligations in the Local Agreements.
13.8 Any breach of this Article 13 (Confidentiality) shall be deemed a material breach of this Agreement.
Assignment and Delegation of Duties
MMR may not assign duties, rights or interests under this Agreement to a competitor of Chartis or its Affiliates or an entity with interests that compete with the interests of Chartis or its Affiliates without the prior written consent of Chartis, which approval will not be unreasonably withheld. Subject to the preceding sentence, either Party may assign its rights and/or delegate any and all of its duties without the other Party's consent to an Affiliate and/or in connection with a merger or sale.
Notices
All notices, requests, consents, demands and communications provided for by this Agreement shall be in writing and shall be (a) personally delivered, (b) sent by first-class mail, postage fully prepaid, (c) sent by internationally recognized courier, or (d) sent by facsimile, and confirmed by letter, addressed to the address of the Parties or to such changed address or telefax number as the Parties may have advised in a written notice as provided in this Article.
As to Chartis: Lenny Bellafiore
Executive Vice President & Chief Operating Officer
Chartis International Accident & Health
175 Water Street, 25th Floor
New York, NY 10038
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As to MMR: Robert H. Lorsch, CEO
MMR Information Systems, Inc.
2934½ Beverly Glen Circle, #702
Los Angeles, CA 90077
With copies:
Robert H. Lorsch / rhlorsch@mmrmail.com
Naj Allana / nallana@mmrmail.com
A.J. Durtschi / aj@mmrmail.com
As to any Local ICA - As specified in the relevant Local Agreement.
Fore Majeure/Limitation of Liability
No Party shall have any liability for any delay or failure to perform its obligations (except payment obligations) hereunder to the extent such delay or failure is the result of any act or event that is beyond such Party's reasonable control ("Force Majeure Event"). Force Majeure Events include, but are not limited to, acts of God, war, lightning, fire, storm, flood, earthquake, terrorist acts, blockade, revolution, riot, insurrection, civil commotion, public demonstration, strikes or industrial disturbances, sabotage and act of vandalism, interruption or degradation of any third party communications system or the Internet, or any action of a governmental entity and similar events. If a Party experiences a Force Majeure Event, it shall promptly provide written notice thereof to the other Parties and shall use all reasonable efforts to remove, avoid or mitigate the consequences of such Force Majeure Event.
EXCEPT WITH RESPECT TO A PARTY'S INDEMNIFICATION OBLIGATIONS, A PARTY'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, A PARTY'S BREACH OF ITS CONFIDENTIALITY OBLIGATIONS UNDER ARTICLE 13 AND/OR A BREACH BY MMR OF ITS OBLIGATIONS SET FORTH ON THE SECURITY SCHEDULE ATTACHED HERETO AS ATTACHMENT B (SECURITY SCHEDULE): (A) IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT, WHETHER OR NOT THE POSSIBILITY OF SUCH DAMAGES HAS BEEN DISCLOSED TO SUCH PARTY IN ADVANCE OR COULD HAVE BEEN REASONABLY FORESEEN BY SUCH PARTY.
Miscellaneous
17.1 This Agreement may only be amended by a writing signed by the Parties.
17.2 This Agreement contains all the terms and conditions agreed by the Parties, and supersedes all other agreements, express or implied, regarding the subject matter.
17.3 This Agreement shall be governed in all respects with the laws of the State of New York, U.S.A., without regard to its conflict of laws rules.
17.4 No failure or delay by any Party in exercising any right, power or privilege hereunder will operate as a waiver thereof.
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In WITNESS WHEREOF, the Parties hereto have executed and delivered this Agreement as of the EFFECTIVE DATE.
Chartis International LLC.
Signature
______________________
Name: Ralph Mucerino
Title: Chief Operating Officer
Date:
Address: 175 Water Street
New York, NY 10038
MMR Information Systems, Inc.
Signature
______________________
Name: Robert H. Lorsch
Title: Chief Executive Officer
Date:
Address: 2934½ Beverly Glen Circle, #702
Los Angeles, CA 90077
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[SAMPLE]
ATTACHMENT A
TO THE MASTER SERVICES AGREEMENT DATED __________ 2008
LOCAL AGREEMENT FOR __________ [country]
This Local Agreement, an Addendum to the Master Services Agreement ("Master Agreement") dated __________ 2009, between Chartis International LLC ("Chartis International") and MMR Information Systems, Inc., ("MMR") is made and entered into as of __________ 2009, between Chartis Affiliate __________ [Local ICA] ("__________") and MMR (each of these is referred to herein as "Party"; collectively, "Parties"). Capitalized terms used but not defined herein have the meanings ascribed to them in the Agreement.
WHEREAS , __________ as the Local ICA in the country of __________ wishes to provide its Customers with access to MMR Accounts and related Services as set forth in the Master Agreement.
It is hereby declared and agreed that:
1. Agreement of the Parties .
(a) __________ is the Local ICA for the country of __________.
(b) __________ [Local ICA] agrees to be bound by all applicable terms and conditions of the Master Agreement.
(c) MMR agrees to establish the necessary landing page for __________ [Local ICA] and to provide __________'s [Local ICA] Customers with access to MMR Accounts and Services in accordance with all of the terms and conditions of the Master Agreement.
2. Fees . __________ [Local ICA] agrees to pay fees to MMR in accordance with Article 6 of the Master Agreement.
3. Termination or Cessation of Services . This Local Agreement may be terminated in accordance with Article 3 of the Master Agreement.
4. Notices . Notices to __________ [Local ICA] shall be sent to:
[Local ICA manager]
With a copy to:
[Local counsel]
Notices to MMR shall be sent as contemplated by the Master Agreement.
5. Governing Law . This Addendum shall be governed by and construed in accordance with the internal laws of the State of New York, without reference to conflicts of laws provisions or rules (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any other jurisdiction.
A-1
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6. Data Privacy . MMR agrees that the Confidential Information of each Local ICA shall not be available for viewing or access except by persons and entities so authorized by such Local ICA.
7. Amendments . Amendments of and additions or modifications to this Local Agreement must be effected in writing and signed by all Parties to be valid.
[ADD ADDITIONAL LOCAL LANGUAGE AS REQUIRED]
[Signatures]
A-2
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ATTACHMENT B
SECURITY SCHEDULE
Information Security Schedule
[***]
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B-1
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EXHIBIT 31.1
I, Robert H. Lorsch, certify that:
1. I have reviewed this Amendment No. 2 to the annual report on Form 10-K of MMR Information Systems, Inc.; and
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
Date: May 28, 2010
/s/ Robert H. Lorsch
Robert H. Lorsch,
Chief Executive Officer
EXHIBIT 31.2
I, Ingrid Safranek, certify that:
1. I have reviewed this Amendment No. 2 to the annual report on Form 10-K of MMR Information Systems, Inc.; and
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
Date: May 28, 2010
/s/ Ingrid Safranek
Ingrid Safranek,
Chief Financial Officer and Vice
President, Finance
last chance for sub $0.20s
BS - the last FORM 4 had a 1.6 MM share buy From an Insider
which happens to be the CEO
Where do you get your facts
it was a re-submission as yesterdays PR did not hit all the news wires appropriately
this news today DID NOT Post to my E*Trade Pro
Did anyone else not SEE IT
I only saw it on Yahoo Finance
MMRF News May 24th
MMR Information Systems CEO Robert H. Lorsch Launches Blog and Global Social Media Campaign to Promote Usage of Personal Health Records
Press Release Source: MMR Information Systems, Inc. On Monday May 24, 2010, 1:00 pm
LOS ANGELES, CA--(Marketwire - 05/24/10) - Robert H. Lorsch, Chairman and Chief Executive Officer of MMR Information Systems, Inc. (OTC.BB:MMRF - News) soon to be known as MMRGlobal, (www.mymedicalrecords.com), (facebook.com), (youtube.com), (twitter.MMR_PHR, phremrguru), is now issuing a blog available at the Company's websites including http://www.mmrvideos.com/, http://www.mymedicalrecords.com/, http://www.myesafedepositbox.com/, http://www.mymedicalrecordsmd.com/ and http://www.mmrpatientview.com/ on a regular basis to educate consumers on the importance, value and potentially lifesaving benefits of having a Personal Health Record (PHR) and myesafedpositbox virtual vault as part of a family's well-being and disaster preparation. The Company is currently distributing its blog to a worldwide network including:
AOL
lifestream
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Written by Bob Lorsch, MMR CEO, the Company's objective is to familiarize consumers with the benefits and importance of Personal Health Records and create a forum for users to share stories and benefits with one another on how they use PHRs, why they use them, how they have benefited from them, or how they have benefitted managing a specific disease or disaster by having a Personal Health Record.
The Company will feature stories that come from users of its MyMedicalRecords, MyEsafeDepositBox, MyMedicalRecordsMD and MMRPatientView products and services.
"Astronaut Buzz Aldrin, former Congressman and House Majority Leader Richard Gephardt, former Homeland Security Under Secretary Asa Hutchinson, and former Small Business Administrator Hector Barreto, now Chairman of The Latino Coalition, have been extremely helpful in bringing MMR's unique technology to the public's attention, and with the support the Company has, I recently met with Dr. David Blumenthal, National Coordinator for Health Information Technology," Lorsch said. Kira Reed is featured on all the Company's websites and assists on the Company's social media strategy.
"As a publically traded Company, MMR is reaching out to our shareholders and others who we hope will take advantage of and benefit from our Personal Health Record products. We want those who do to participate in sharing their stories with others via social media, a process that MMR is using as part of its educational activities to the public," said Lorsch.
"In expanding our services globally as a leading technology provider of Personal Health Records and document imaging products for healthcare professionals in the form of entry level Electronic Medical Records (EMR), MMR is at the forefront of providing tools that enable users to instantaneously share up-to-the-minute information regarding the best ways to ensure the best healthcare for themselves, their families, and even their pets," added Lorsch.
MyMedicalRecords.com will be launched in many countries around the world through its agreement with Chartis International, including the United Kingdom, France, Germany, Italy, Spain, Russia, South Africa, Uganda, Kenya, Zimbabwe, South Korea, Singapore, Philippines, Hong Kong, Malaysia, Thailand, Indonesia, Vietnam, Taiwan, Australia, New Zealand and others in the first wave of deployment to 160 countries worldwide. MMR's products will initially be available through Chartis in English, Spanish, German, French, Italian, Japanese and Chinese. MMR's strategic partner, Kodak, will also be an international partner in other parts of the world, including the Pacific Rim and the Company's future operations in India.
Facts for discussion:
The Company also hopes that its social media efforts, products and other information will become part of the debate on the Obama Administration's healthcare reforms now underway.
In the last year there were hundreds of millions in grants for pilot projects to test healthcare information technology throughout the United States intended to encourage development and use of systems to connect doctors, hospitals and patients. The grants are designed to create as many as 1,100 jobs, each paying an average of $70,000 per year. The Obama's $862 billion economic stimulus measure encourages doctors and hospitals to adopt electronic health records and includes billions to develop technology so every American can have their own electronic personal health record by 2014. Kathleen Sebelius, Secretary of the U.S. Department of Health and Human Services, said the federal government will pump an additional $162 million to states to pay for technology to support electronic medical records which leads to the use of Personal Health Records.
About MMR Information Systems, Inc.
MMR Information Systems, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, unions and professional organizations and affinity groups. MyMedicalRecords enables individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet. The MyMedicalRecords Personal Health Record is built on proprietary, patented technologies to allow documents, images and voicemail messages to be transmitted and stored in the system using a variety of methods, including fax, phone, or file upload without relying on any specific electronic medical record platform to populate a user's account. The Company's professional offering, MMRPro, is designed to give physicians' offices an easy and cost-effective solution to digitizing paper-based medical records and sharing them with patients in real time. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. MMR is also an integrated service provider on Google Health. To learn more about MMR Information Systems, Inc. and its products, visit http://www.mymedicalrecords.com/ and view the videos at http://www.mmrvideos.com/.