FVRL News:
MMR Information Systems, Inc. Taps Health Information Technology Veteran Gene Barduson
Wednesday March 11, 10:00 am ET
LOS ANGELES, March 11 /PRNewswire-FirstCall/ -- MMR Information Systems, Inc. (OTC Bulletin Board: FVRL - News), which through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. (collectively, "MMR") provides Web-based consumer-controlled Personal Health Records ("PHRs") (www.mymedicalrecords.com) and electronic safe deposit box storage solutions (www.myesafedepositbox.com), announced that it has selected Gene Barduson, whose 30-year career in Healthcare and Information Technology includes CEO positions with Alteer Corporation, Apexion Technologies, Inc. and EDiX Corp., to build the company's professional healthcare IT customer base, with an emphasis on introducing its new MyMedicalRecords Pro ("MMR Pro") product to the healthcare marketplace.
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"We recognize that we need someone with Gene's credentials to help direct the launch of MMR Pro," said Robert H. Lorsch, Chairman and CEO of MMR Information Systems, Inc. "Gene's skill and success at selling products and services in healthcare and information technology and his credibility in the industry is an opportunity for MMR that could not come at a better time going into HIMSS. Gene is also a respected CEO in the health IT venture world and we anticipate that he will be instrumental in helping us create the strategic relationships necessary to build on the company's value propositions."
"Allowing Gene Barduson to focus on professional healthcare will also enable me to concentrate on government relations, including opportunities to benefit from stimulus monies that might be available for Personal Health Records, as well as exploitation of our secure online document storage system, MyEsafeDepositBox, to the legal, insurance, banking and employee benefits marketplaces. We are excited about Gene's involvement with MMR and look forward to his becoming a long-term member of the company's senior management team," added Lorsch.
"MMRs unique design looks at medical information from the patient's point of view," said Barduson. "It provides a peripheral vision of the patient's history across the continuum of care. The time is right for personal health information which is easy for each of us to access, and I am excited about the value MMR can add to physicians, hospitals, payors and patients."
MMR Pro is a low-cost Electronic Medical Record ("EMR") designed to allow physicians to efficiently scan and digitize their paper records, upload them to a secure, Web-based portal and then be able to share records with patients through a separate patient portal called MMRPatientView. Patients would then have the opportunity to upgrade to a full-featured MyMedicalRecords PHR account. Because MMR expects to offer an administrative reimbursement to physicians who utilize its MMR Pro service, and patients have the opportunity to upgrade to a full-featured MyMedicalRecords PHR, MMR Pro is expected to be a revenue driver for the professional marketplace as well as creating an additional revenue stream for the company.
Barduson will be in attendance at the upcoming HIMSS09 Conference and Exhibition, April 5-8 in Chicago, when MMR will demonstrate its PHR products and launch its marketing strategies for MMR Pro.
Barduson began his healthcare technology career in 1989 as Executive Vice President with Shared Medical Systems in Chicago, now part of Siemens AG, then a billion dollar company providing clinical and financial software to hospitals. As President and CEO of EDiX Corporation in La Jolla, California from 1996 to 1999, he engineered a turnaround situation resulting in the company being purchased by IDX in 1999. Barduson remained with IDX until 2001, growing its annual revenue to more than $100 million.
In 2001, Barduson was elected Chairman and CEO of Apexion Technologies, Inc., which supplied software, hardware and services to hospitals using bar-coding and RFID technologies to manage the supply chain. He engineered the sale of Apexion to Lawson in 2003. That same year, he was appointed President and CEO of Alteer Corporation, which sold software for physician practices. Barduson raised venture capital from Sanderling Ventures and others, and successfully repositioned the company as a service company providing turnkey services to physician practices. Alteer was purchased by American Health in 2007. Barduson currently serves on the Board of Directors of four healthcare-related companies, Benchmark, Heartland Information Services, PerfectServe and Vesatek, and was appointed to the Board of Trustees of Western University of Health Sciences in June 2008.
