MMRGlobal, Inc. (fka MMRF)

[Tulaz1]

Four Favorites In Digital Medical Records
By: TheStockAdvisors.com Wednesday, January 12, 2011 6:14 PM

Digital medical records are coming; the question of whether these systems are going to be adopting isn't an "if" but a "when" question.

Here, we look at the companies that are going to dominate the industry, which I believe will be one of the hottest sectors of 2011.

The cost savings are significant -- hundreds of billions of dollars a year. Reducing this waste would go a long way to slowing the growth of healthcare costs.

A recent study showed the costs of adding this software and implementing it will equate to around $100,000 per licensed hospital bed.

And yet the doctor's office, for the most part, remains trapped in the 19th Century. It's a jumble of paper records and inefficient filing systems -- but the clock is ticking.


The federal rules say that by 2015, all healthcare providers must comply. Those that do, receive federal funding. Those that do not, will face stiff penalties from the Medicare program.


http://www.istockanalyst.com/article/viewarticle/articleid/4806473

Conversely MMR as a Personal Health Record is the only personal health record that I know of that talks to every EMR out there in the world. A company can have Allscripts, Cerner, GE, or any existing EMR and as long as they have the ability to export to fax or export an image they have the ability to interface with our personal health record regardless of the format of the information that is coming out of the EMR. That’s unlike just about any product in the Health It space today. Most EMR’s talk to a specific PHR. If you are a patient and you get sick in New York and you go to Sloan Kettering and then you visit Los Angeles and you go to UCLA, you have to have your Sloan Kettering medical record converted to paper and handed to a physician at UCLA. If you have your records in your MMR account or you use a doctor who is scanning records through an MMR Pro account – those records through patient view or our PHR can be made available to anyone anywhere in the world at pretty much two mouse clicks through your lifeline #. We do not compete with GE, we do not compete with Allscripts, we do not compete with EMR companies. We are additive to EMR companies and we are also the first step to an installation of any EMR company. If you assume that paper is not going to go away within the next 5-10 years than we have along time ahead of us from which to integrate our product into full blown EMRs and as long as there is full blown EMRs there are patients that are still going to need copies of their medical records to take for second opinions, take to schools to prove vaccinations, take to passport offices in order to get visas. As long as there is that need to get paper into an EMR or to get information out of an EMR – MMR has it covered on both ends of the spectrum.

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