VisualMED to Gain Access to US Hospital Networks
08 February 2012 - 12:00AM
Marketwired
VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS:
VMCS) (FRANKFURT: VA6) announces that its suite of medical
intelligent software for hospitals has been adapted so that
autonomous modules and applications can be used by clinical staff
through the entertainment hardware which is to be found by the
bedside of a growing number of facilities.
A number of institutions have been deploying an in-house network
of bedside hardware at great cost so they can turn a profit by
selling internet access and entertainment to their patients. As a
result VisualMED can now sell separate patient care modules that
will run on these networks, saving the hospital millions in
installation cost.
The ability to deploy separate modules solves three issues in
hospital clinical systems implementation. Physician and nurses can
pick and choose which applications they feel ready to use rather
than get swamped by a large "go-live" event; and, as a vendor, we
can get a much quicker purchase decision as we are now able to sell
lower-ticket solutions. Finally we can cut distribution costs by
offering these modules online as they no longer require expensive
implementation.
The Company has therefore begun to develop an alternate business
model, one that is more in line with standard software licensing
pricing practice, charging only for applications the hospital
requires and according to the number of users. The company, with
benefit from better margins, now expects to generate much faster
revenues which could reach as high as the ten million mark in the
first year. It should be noted that in the intelligent medical
software and advanced clinical automation market segment, VisualMED
still has very few competitors.
Looking back on 2011, it was a poor year in terms of economic
growth but the Company managed to continue making inroads into the
U.S. healthcare market. We operated largely with a positive cash
flow and continued to avoid the multimillion losses that had marked
past years.
The cost of healthcare continues to rise much faster than
inflation and will become increasingly unaffordable under the
pressure of an aging population. Unless radical measures are
adopted, services will have to be cut or providers will need to
seriously adopt technology solutions like ours. In order to improve
quality, lower cost and bring efficiency, there is no other avenue
than using available technologies like those offered by advanced
medical knowledge companies like VisualMED.
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.
For further information, please contact: Gerard Dab
514-582-5220