RENO, NV--(Marketwire - August 31, 2011) -
VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS: VMCS
) (FRANKFURT: VA6.F) announces that it has published its year-end disclosure statement and financial results. These are available on the OTC markets site as well as on the company website at www.visualmedsolutions.com
The Company is pleased to report that Q4 came in as the best quarter in its history, leading to the most positive year to year results ever. The company is benefiting from the initial impact of coming health reforms in the US as we are finally undergoing an unprecedented acceleration of revenues barely two years after the passing of Obamacare and the first launch of meaningful use.
Revenues were significantly up for fiscal year 2011, surpassing earlier guidance at $1,543,510, with net income of $167,823, both spurred largely by the impact of current U.S. Administration's healthcare policies on the marketplace. It is clear that mounting pressure will continue to push forward the modernization of clinical facilities and we expect to more than double our current volume of business in the coming year.
"We are clearly benefiting from public policy which has had a marked effect on our ability to conduct our business, giving us some pricing power. We also benefit from our ability to lower operating cost. For the first time ever we have been able to provide services without incurring losses and therefore produce positive results," says Chairman Gerard Dab.
Gerard Dab will be hosting a company conference call to discuss company results, current business and future prospects on Wednesday, August 31st at 1 PM EDT (New York Time).
Please use the following Dial in number and access code.
Dial-in Number: (209) 647-1000
Access Code: 910071
All members of the public are welcome.
The full disclosure statement with financial results can be found at http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=59075
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.