COMPANY ALSO ANTICIPATES MYMEDICALRECORDS PHR TO OFFER CCHIT MANDATED FEATURES
LOS ANGELES, April 20 /PRNewswire-FirstCall/ -- MMR Information Systems, Inc. (OTC Bulletin Board: FVRL), which through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. (collectively, "MMR") provides consumer-controlled Personal Health Records ("PHRs") (www.mymedicalrecords.com) and electronic safe deposit box storage solutions (www.myesafedepositbox.com), today announced the significant membership milestone of exceeding one hundred thousand members on its PHR product network. The company has an agreement to launch another major affinity membership program which is projected to bring its member base to more than 250,000 this quarter. The company defines members as either consumers who subscribe to the product directly or have paid access through corporate benefits and affinity and membership group programs. MMR believes that the company has the largest member base of any integrated Personal Health Record available to consumers today.
"We are proud of our success into the various market segments that constitute our membership and user base," said Robert H. Lorsch, Chairman and CEO of MMR Information Systems, Inc. "Our PHR has received acceptance as an employee benefit through affinity and membership groups, as a PHR through hospitals and healthcare providers, and direct-to-consumers. We will continue to pursue our marketing efforts into those channels and others as we expand our membership base."
MMR's MyMedicalRecords PHR and MyESafeDepositBox virtual storage vault are both bi-lingual. This capability will be underscored in May when The Latino Coalition launches its co-branded version of the MyMedicalRecords Personal Health Record. MMR also markets its products to the rapidly growing ex-patriot market. As part of those activities, the company is planning to add French and German.
"The company sees extensive international opportunity overseas with existing early stage licensees in Australia, Asia and Canada," said Lorsch. "Many governments are mirroring the United States' initiative of awarding stimulus money to healthcare providers who take advantage of health information technologies like MMR products and services to help reduce healthcare costs. The Canadian government has recently set aside $500 million in healthcare stimulus funds in its 2009 Budget, bringing the country's total commitment to $2.1 billion, while Japan has set aside more $30 billion to support the development of new information technologies to include healthcare." MMR also announced that it has patents pending in more than 10 countries around the world with patents in Singapore and Australia already granted.
In the United States, MMR is responding to the Health Stimulus Bill of President Obama's Administration by ensuring that its current and future products contain the necessary features that would enable providers who use them to qualify for stimulus payments.
For example, the Certification Commission for Health Information Technology (CCHIT(R)) requires that a Personal Health Record should provide:
All these features are available in MMR's current Personal Health Record products. The company plans on following guidelines whenever possible in the launch of all its products, including its professional offerings.
MMR continues to build out its MyMedicalRecords Professional PHR service for providers and expects to install its first Beta sites during the third quarter 2009. MMR is creating a sales network of document scanning service providers, medical transcription companies and other resellers to facilitate the product launch.
In addition, corporations are recognizing the value of MyESafeDepositBox as a vital disaster preparedness and recovery tool for their employees. MMR recently announced the launch of MyESafeDepositBox programs for LegalZoom. MMR also has programs in the planning stages for insurance and financial services customers.
About MMR Information Systems, Inc.
MMR Information Systems, Inc. (formerly Favrille, Inc.), through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. (collectively, "MMR"), provides secure and easy-to-use Web-based Personal Health Record (PHR) and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, unions and professional organizations. Seeking to empower individuals and their families to have greater control over their health and well-being, MMR facilitates access to medical records and other important documents, such as living wills, birth certificates, passports, advance directives and insurance policies, anytime from anywhere using the Internet. MMR's principal product, the MyMedicalRecords PHR service, accessed through www.mymedicalrecords.com, is built on proprietary patent-pending technology that enables users to transmit documents, images and voicemail messages in and out of the MyMedicalRecords PHR system using a variety of methods, including fax, phone, and file upload without relying on any specific electronic medical record platform to populate a user's account. Users and medical providers can fax paper records (such as laboratory tests, radiology reports and physician's notes), or scanned images can be uploaded, into a secured personal account, which the user can access and organize as necessary, including filing particularly sensitive documents in virtual lockboxes protected by secondary passwords, and designating certain records as accessible to medical personnel and first responders by way of a separate Emergency Login. MyMedicalRecords PHR also includes the Cerner Multum Drug Content database, licensed to MMR from Cerner Corp. (Nasdaq: CERN). MMR offers its MyEsafeDepositBox service, available at www.myesafedepositbox.com, which is designed to provide secure online storage for vital financial, legal and insurance documents in addition to medical records using the same patent-pending technologies that drive the MyMedicalRecords PHR service. In its final stages of development, MMR's MyMedicalRecords Pro service is designed to give physicians' offices a cost-effective solution to the expensive and time-consuming problem of digitizing paper-based medical records. MMR clients include AFL-CIO, Alexian Brothers Hospital Network, Coverdell, MedicAlert, Midwest Research Institute, Qvisory, XN Financial and others. MMR is also an integrated service provider on Google Health. Additional information regarding MMR's business and its products, including trial accounts, is available at www.mymedicalrecords.com and www.mmrinformationsystems.com. Information on MMR's Web sites is not incorporated by reference into this press release.
Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause MMR's actual results to be materially different from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to the risk that MMR's products are not adopted or viewed favorably by the healthcare community and additional risks discussed in MMR's filings with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement. MMR is providing this information as of the date of this release and, except as required by law, does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
|SOURCE MMR Information Systems, Inc.|
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