NEWS --
LOS ANGELES, CA, Oct 06, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (MMR) anno unced today that its MMR Stimulus Program will be
expanded to include the MMRPro Insurance Advance Program. This program is an
expansion of the existing MMRPro Stimulus Program launched in the first quarter
of 2010 which rewards MMRPro users when their patients upgrade to the
MyMedicalRecords Personal Health Record.
The Insurance Advance Program is designed to help MMRPro healthcare
professionals smooth out cash flow during their transition to achieving
meaningful use. MMRPro users will be paid advances on the uncollected commercial
third-party amounts they billed each preceding week to the extent permitted by
federal and state laws and regulations. They must use an MMRGlobal approved
Stage 1-Certified Meaningful Use practice management and billing system to be
eligible to receive payments under the MMRPro Stimulus Insurance Advance
Program. The program will be part of the Company's previously announced plans to
offer one or more EM R products, which could include applications for iPad and
PC-based platforms in addition to its MMRPro and MyMedicalRecords Personal
Health Record products.
"We recognize that converting an existing billing system to one that enables the
practice to achieve meaningful use could affect a practice's cash flow, which
could also affect the lifeblood of the practice," said Robert H. Lorsch,
Chairman and CEO of MMRGlobal. "One of the largest problems doctors and
hospitals face today is reimbursement for their services. Our goal is to assist
doctors, hospitals and medical groups in maintaining control of their finances
while transitioning to meaningful use at the same time healthcare reform is
being implemented."
Additionally, MMRPro users and their patients continue to receive protection
under MMRGlobal's million dollar Cyber Liability Insurance Policy, which, among
other things, protects healthcare professionals using MMRPro defend t hemselves
in the event of a violation of the expanded HIPAA regulations under the Health
Information Technology for Economic and Clinical Health Act (HITECH).
The underlying Cyber Liability policy is underwritten by an A-rated insurance
company by A.M. Best to cover damages arising from the use and deployment of the
Company's personal and professional health record products and services. The
coverage extends to MMRGlobal's corporate clients that offer MMR's products and
services as an employee benefit and to individuals who sign up to receive MMR's
services over the Internet.
About MMRGlobal, Inc.
MMR Global, 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,
financial institutions, and profe ssional 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 through an integrated patient portal. MMR is an Independent Software Vendor
Partner with Kodak to deliver an integrated turnkey EMR s olution for healthcare
professionals. MMR is also an integrated service provider on Google Health. To
learn more about MMR Global, Inc. and its products, visit www.mmrglobal.com.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature
constitute "forward-looking statements." Such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause the
Company's actual results to be materially different from historical results or
from any results expressed or implied by such forward-looking statements. Some
can be identified by the use of words (and their derivations) such as "need,"
"possibility," "offer," "development," "if," "negotiate," "when," "begun,"
"believe," "achieve," "help," "will," "estimate," "expect," "maintain," "plan,"
and "continue," or the negative of these words. Factors that could cause or
contribute to such differences inclu de, but are not limited to, the risk the
Company's products and programs are not adopted or viewed favorably by the
healthcare community; risks related to the current uncertainty and instability
in financial and lending markets, including global economic uncertainties;
variations in our quarterly operating results; timing and volume of sales and
installations; length of sales cycles and the installation process; market
acceptance of new product and program introductions; ability to establish and
maintain strategic relationships; ability to identify and integrate
acquisitions; relationships with licensees; competitive product offerings and
promotions; changes in government laws and regulations and future changes in tax
legislation and initiatives in the healthcare industry; undetected errors in our
products; possibility of interruption at our data centers; risks related to
third party vendors; risks related to obtaining and integrating thir d-party
licensed technology; acceptance of the Company's marketing and promotional
campaigns; risks related to a security breach by third parties; maintaining,
developing and defending our intellectual property rights including those
pertaining to our biotechnology assets; risks associated with recruitment and
retention of key personnel; uncertainties associated with doing business
internationally across borders and territories; and additional risks discussed
in the Company's filings with the Securities and Exchange Commission.
Additionally, we are a developing early-stage company and many variables can
affect revenues and/or projections, including factors out of our control. The
Company 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:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
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Financial Services:Investment Services and Trading
Professional Services:Investor Rela tions
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