New market for electronic medical records as they market managed care. This system states that it will bring both personal health records and electronic medical records together. Again, someday will you need to subscribe in order to have insurance coverage? It sounds like the physician part of the process will already be there with an option for participants to add their own information. Could one be canceled or denied coverage for lack of participation down the road? This is web based and we all know the dangers of information being compromised, thus I believe having the information with you is perhaps a better solution for privacy issues, but then on the other hand the insurance companies won't have the personal input from the patient. The saga continues...BD
MONTREAL-- June 18, 2007 -- VisualMED Clinical Solutions Corp. (the "Company") (OTCBB: VMCS) (FRANKFURT: VA6) announces that its licensee, Medical.MD, has begun marketing its subscription-based Internet electronic health record to HMOs, who will provide access to Medical.MD's online health record to both patients and first line physicians as a tool for managing care. This represents a market of one hundred million insured patients.
"A one percent market share for our system would represent over 20 million per year in recurring revenues for Medical.MD," says VisualMED Chairman Gerard Dab. VisualMED's licensing agreement with Medical.MD calls for the Company to receive 15% of gross receipts of the joint venture. The current HMO initiative combined with ongoing negotiations for large corporate group sales of subscriptions to the website could generate a significant subscriber core in the near term.
"We are pleasantly surprised by this new unexpected HMO market. This usage of the online record brings together patients and physicians in a manner that is both problem-free and inexpensive," adds Mr. Dab.
0 comments :
Post a Comment