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Tuesday, September 26, 2006 10:11:31 PM
PHYH-Sept.19, 2006--Physicians Healthcare Management Group, Inc.
Phyhealth Signs Agreement to Provide Electronic Personal Health Records for Phyhealth Plan Members and Physhield Insured Physician Patients
Tuesday September 19, 9:30 am ET
MIAMI--(BUSINESS WIRE)--Sept. 19, 2006--Physicians Healthcare Management Group, Inc. (Pink Sheets:PHYH - News) announced today that it has entered into a licensing and distribution agreement with My Medical CD, Ltd (Pink Sheets:MYMC - News) for My Medical CD's innovative Personal Health Record technology. Phyhealth plans to provide My Medical CD to its Phyhealth Plan members in the form of a member ID card, and in addition, make My Medical CD available to Phyhealth's physician partners and their patients. The specific terms of the agreement were not released, but Phyhealth will have access to My Medical CD at discounted pricing and will have its own private label version of the CDs.
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Phyhealth's CEO, Robert Trinka, stated, "My Medical CD has been at the forefront of this emerging technology since the company's inception in 2000. Their approach best applies sophisticated and secure technology in a practical and patient-friendly way. Phyhealth's focus is on the physician/patient relationship, and an important element of that relationship is for the patient to have their personal medical information under their control and available to any provider at any time, anywhere." He added, "Both patients and physicians benefit from the ability to immediately access key information, and many medical injuries can be prevented just by having the patient's history available in the event of an emergency. Improving overall quality of care, particularly treatment outcomes, while controlling healthcare costs is central to our mission."
Jim Hogan, CEO of My Medical CD commented, "My Medical CD is a Personal Health Record that can be viewed on a CD the patient carries or from any computer at any location with internet access. Our development team has put together a unique personal health record technology that combines total portability with the effective security measures necessary to protect confidentiality. We are delighted with Phyhealth's decision, and we look forward to working with them in developing their unique, fully integrated approach to healthcare delivery."
The PHR (Personal Health Record) movement is beginning to take solid root according to Donald Mon, a vice president at the American Health Information Management Association (AHIMA), as reported recently in the Houston Chronicle. The AHIMA provides a public service website http://www.myphr.com that provides consumer information on the choices available, including My Medical CD. PHRs are differentiated from the Electronic Medical Record (EMR) initiatives now being sponsored by the federal government, major provider organizations and insurers. EMR information is generated and maintained by providers, and any single patient's record can be complete only to the extent that all providers treating a patient are running compatible systems. Experts estimate that the seamless capture, maintenance and exchange of all healthcare information envisioned by the Administration and Congress may take up to a decade to fully implement.
About My Medical CD, Inc.
My Medical CD produces and maintains secure personal health records using state of the art technology and innovative software. The Company created the first ever wallet sized CD that can be conveniently carried and that contains a wealth of detailed medical information on the person. The CD, with its Update Page and electronic filing box may store digital x-rays, EKGs, and other graphic and illustrative information. The CD and Update Pages are also capable of storing key legal documents such as a health care proxy, living will and the person's power of attorney for making healthcare decisions when incapacitated. The personal health record is updated by physician, or the client, by sending My Medical CD copies of each medical encounter thereby insuring that an up to date record is maintained for online access anywhere in the world via the internet on a 24/7 basis. Whenever the client needs an updated CD, one can be ordered at a deep discount from the My Medical CD web site. The record is compliant with all federal and local regulations for the security of health information.
About Physicians Healthcare Management Group, Inc.
Phyhealth develops and operates fully integrated healthcare organizations in partnership with physicians. Phyhealth Plans preserve the physician-patient relationship and deliver high-quality affordable healthcare within its selected communities. Phyhealth offers a turnkey, prepaid health plan solution to physicians for their Medicare and other individual patients who prefer to choose their own doctor and who make their own healthcare insurance purchasing decisions. Phyhealth Plans are unique in integrating all aspects of the delivery and financing of care, including providing medical liability insurance protection through Physhield Insurance Exchange, Phyhealth's exclusive risk retention group. The Phyhealth model empowers physicians to proactively manage their patient's general health and medical care and enhances physician financial rewards by increasing practice revenues, reducing expenses and restoring the economic value (equity) of their medical practices.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Physicians Healthcare Management Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
FOR FURTHER INFORMATION, go to the Company's website at: http://www.phyhealth.com
Contact:
For Physicians Healthcare Management Group, Inc.
Brass Bulls Corp.
Matthew Lovito, 866-342-2700
matthew@brassbulls.com
Phyhealth Signs Agreement to Provide Electronic Personal Health Records for Phyhealth Plan Members and Physhield Insured Physician Patients
Tuesday September 19, 9:30 am ET
MIAMI--(BUSINESS WIRE)--Sept. 19, 2006--Physicians Healthcare Management Group, Inc. (Pink Sheets:PHYH - News) announced today that it has entered into a licensing and distribution agreement with My Medical CD, Ltd (Pink Sheets:MYMC - News) for My Medical CD's innovative Personal Health Record technology. Phyhealth plans to provide My Medical CD to its Phyhealth Plan members in the form of a member ID card, and in addition, make My Medical CD available to Phyhealth's physician partners and their patients. The specific terms of the agreement were not released, but Phyhealth will have access to My Medical CD at discounted pricing and will have its own private label version of the CDs.
ADVERTISEMENT
Phyhealth's CEO, Robert Trinka, stated, "My Medical CD has been at the forefront of this emerging technology since the company's inception in 2000. Their approach best applies sophisticated and secure technology in a practical and patient-friendly way. Phyhealth's focus is on the physician/patient relationship, and an important element of that relationship is for the patient to have their personal medical information under their control and available to any provider at any time, anywhere." He added, "Both patients and physicians benefit from the ability to immediately access key information, and many medical injuries can be prevented just by having the patient's history available in the event of an emergency. Improving overall quality of care, particularly treatment outcomes, while controlling healthcare costs is central to our mission."
Jim Hogan, CEO of My Medical CD commented, "My Medical CD is a Personal Health Record that can be viewed on a CD the patient carries or from any computer at any location with internet access. Our development team has put together a unique personal health record technology that combines total portability with the effective security measures necessary to protect confidentiality. We are delighted with Phyhealth's decision, and we look forward to working with them in developing their unique, fully integrated approach to healthcare delivery."
The PHR (Personal Health Record) movement is beginning to take solid root according to Donald Mon, a vice president at the American Health Information Management Association (AHIMA), as reported recently in the Houston Chronicle. The AHIMA provides a public service website http://www.myphr.com that provides consumer information on the choices available, including My Medical CD. PHRs are differentiated from the Electronic Medical Record (EMR) initiatives now being sponsored by the federal government, major provider organizations and insurers. EMR information is generated and maintained by providers, and any single patient's record can be complete only to the extent that all providers treating a patient are running compatible systems. Experts estimate that the seamless capture, maintenance and exchange of all healthcare information envisioned by the Administration and Congress may take up to a decade to fully implement.
About My Medical CD, Inc.
My Medical CD produces and maintains secure personal health records using state of the art technology and innovative software. The Company created the first ever wallet sized CD that can be conveniently carried and that contains a wealth of detailed medical information on the person. The CD, with its Update Page and electronic filing box may store digital x-rays, EKGs, and other graphic and illustrative information. The CD and Update Pages are also capable of storing key legal documents such as a health care proxy, living will and the person's power of attorney for making healthcare decisions when incapacitated. The personal health record is updated by physician, or the client, by sending My Medical CD copies of each medical encounter thereby insuring that an up to date record is maintained for online access anywhere in the world via the internet on a 24/7 basis. Whenever the client needs an updated CD, one can be ordered at a deep discount from the My Medical CD web site. The record is compliant with all federal and local regulations for the security of health information.
About Physicians Healthcare Management Group, Inc.
Phyhealth develops and operates fully integrated healthcare organizations in partnership with physicians. Phyhealth Plans preserve the physician-patient relationship and deliver high-quality affordable healthcare within its selected communities. Phyhealth offers a turnkey, prepaid health plan solution to physicians for their Medicare and other individual patients who prefer to choose their own doctor and who make their own healthcare insurance purchasing decisions. Phyhealth Plans are unique in integrating all aspects of the delivery and financing of care, including providing medical liability insurance protection through Physhield Insurance Exchange, Phyhealth's exclusive risk retention group. The Phyhealth model empowers physicians to proactively manage their patient's general health and medical care and enhances physician financial rewards by increasing practice revenues, reducing expenses and restoring the economic value (equity) of their medical practices.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Physicians Healthcare Management Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
FOR FURTHER INFORMATION, go to the Company's website at: http://www.phyhealth.com
Contact:
For Physicians Healthcare Management Group, Inc.
Brass Bulls Corp.
Matthew Lovito, 866-342-2700
matthew@brassbulls.com
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