Thursday, May 12, 2011 9:50:07 AM
VisualMED Moves Forward With Implementation of Its New Smart EHR
Implementation of $826,000 Project to Begin at Private Florida Clinic
RENO, NV--(Marketwire - May 12, 2011) - VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS: VMCS) (FRANKFURT: VA6.F) announces that it will proceed with the implementation of its signature smart electronic health record with full CPOE, decision support and medical alerts at a private general practice facility in southern Florida. The system will have full capability based on its more than eight thousand use cases and some thirty thousand decisional algorithms.
The medical facility project is worth a total of $826,000 over 2 years for VisualMED. The company will be delivering its product through a newer interactive platform, still running updated Oracle (ORCL) technology and some of the latest Microsoft (MSFT) applications. Clinicians and their support teams will have the flexibility to access the system by using laptops or new devices such as Research in Motion (RIM) Playbook supporting Intel (INTL) powered dual core processors or other similarly efficient devices. The Company will rely on new connectivity solutions from Visual Healthcare Corp. (VSHC)
The combination of additional computing power, speed of access together with enhanced connectivity, should provide a more flexible environment to encourage care givers to make full use of the VisualMED intelligent applications. Saving time, reducing cost and increased quality of care remain the singular focus of VisualMED product offerings.
"It is going to be much easier for us to deliver patient centric accessible functions at point of care at lower cost to us than ever before," says Chairman Gerard Dab. "We are now enabled to lower the cost to customers by significantly lowering our implementation costs."
The Company still has a backlog of signed agreements on which to deliver. Expectations of increasing access to financing should help accelerate implementation schedules at these medical facilities.
The move toward electronic health records remains slow in spite of the availability of government subsidies and the pressure from public policy in the United States. Even though medical practices are under increasing regulations to adopt technologies that can reduce medical errors and increase quality of care, most practices appear to find it a challenge. They have until 2015 after which they will face punitive measures from Federal Agencies. In the meanwhile, VisualMED remains confident that the number of early adopters will continue to grow and allow our business to increase significantly over the coming years.
ABOUT VISUALMED
VisualMED markets smart Clinical Information Systems (CIS) with EHR and Computerized Physician Order Entry that are at the core of the new regulatory environment ushered in by the American Recovery and Reinvestment Act of 2009 and the Health Reform Act of 2010. We offer medical facilities and physicians a broad array of clinical applications with rich embedded clinical data, both scalable and interoperable, and whose high level of usability has been tested by over one thousand clinicians over many years in tertiary care and ambulatory environments. Our solutions help medical facilities increase provider efficiency, bring down operating costs, demonstrate meaningful use for ARRA grants and subsidies, and reduce mortality and morbidity. The Company's Suites of Medical Solutions operate on state of the art proprietary software platforms with advanced analytical capabilities provided by Visual Healthcare Corp. (PINKSHEETS: VSHC).
Detailed information on our company and its products is available on our web site at www.visualmedsolutions.com
FORWARD-LOOKING STATEMENTS
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
http://www.marketwire.com/press-release/visualmed-moves-forward-with-implementation-of-its-new-smart-ehr-pinksheets-vmcs-1513782.htm
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