RENO, NV--(Marketwire - March 31, 2011) -
VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS: VMCS
) (FRANKFURT: VA6.F) announces today that it is launching a new initiative in the marketing of large scale automated smart hospital Electronic Health Records (EHR) in the U.S. market, after a 2-year interruption.
The VisualMED Clinical System is a fully integrated clinical management system designed for helping acute care hospitals implement a paperless environment for improved patient treatment. These smart EHRs provide time tested solutions for the full automation of medical and nursing acts including electronic prescriptions, unique decision support functionalities based on over 8,000 use cases and over 20,000 decisional algorithms and help reduce the incidence of adverse drug events, estimated to kill some 300,000 patients a year, the third highest cause of death in the U.S. after heart disease and cancer.
The system is being used on a daily basis by over 1,000 clinicians in both small and large hospital facilities in the US and Canada. It was first developed at the McGill University Health Center by the Department of Medicine of the Royal Victoria Hospital.
"The 2008 financial crisis left many institutions without the resources to implement complex million dollar clinical systems, and in many cases, all decision making was entirely suspended," says Chairman Gerard Dab. "Now with the recovery under way and government incentives being ushered in, we thought the time was right for re-launching a marketing campaign for our acute-care system."
The company has been seeking new distribution partners and has recently signed an agreement with a hospital advisory group that will represent its hospital product line to large provider organisations and HMOs.
The company continues to focus on the marketing of its suite of scalable clinical modules to private provider clinics, especially in the South-east and New York Tri-State area. We are involved in many joint ventures and co marketing agreements with other medical software providers including our own license holders. Our current sales funnel comprises a number of private healthcare providers who have been using antiquated systems and are under immediate constraint to upgrade and modernize their services. The company intends to provide cost effective services to the largely untapped market of small-medium sized private, doctor-owned clinics as the basis for an immediate and permanent expansion of its client base. It will be proactive in assisting small facilities to qualify for ARRA dollars and other government subsidies for meaningful use EHRs.
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
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.