MedcomSoft Inc. (TSX-MSF), a provider of the next generation of interoperable electronic health records (EHR), today announced that quarterly sales of MedcomSoft Record licenses continue to surpass fiscal 2006 levels as the Company’s growth in sales occurs across the country and among numerous specialties.
Since January 2007, MedcomSoft Record has been acquired by practices located in Florida, Louisiana, Texas, New York, Iowa, Michigan, Wisconsin and Pennsylvania in various specialties, including family practice, pediatrics, OB/GYN, oncology, pain management, internal medicine, nephrology, psychology and neurology.
Included within the practices that have acquired MedcomSoft Record are four leading practices within the approximately 140 member New York Presbyterian Hospital’s Community Physician Group at Columbia University Medical Center. Following an exhaustive evaluation, the four practices that make up the Community Physicians of New York – Presbyterian at Columbia University Medical Center integrated health information technology pilot group agreed to acquire MedcomSoft Record. “In keeping with the New York – Presbyterian Hospital’s leading edge reputation in healthcare information technology the hospital’s community physicians HIT pilot group set lofty goals in the areas of clinical documentation and interoperability,” said Gabriel Guardarramas, M.D., M.P.H., Chairman, Community Physicians of New York – Presbyterian at Columbia University Medical Center. “While a number of vendors offered the front end functionality we were looking for, MedcomSoft paired the functionality/workflow we required with a system infrastructure that was functionally different and better suited to support our documentation / interoperability goals. We felt the MedcomSoft system infrastructure would give our member physicians a strategic advantage, securing both our project goals and our investment well into the future.”
About MedcomSoft, Inc.
Founded in 1994, MedcomSoft Inc. (medcomsoft.com) develops cutting edge software solutions for the healthcare industry, including its fully integrated Electronic Health Record (EHR) and practice management solution, MedcomSoft® Record. MedcomSoft has pioneered the use of numerically codified point-of-care clinical terminologies to create a new generation of highly interoperable EHRs. By enabling the collection, exchange and aggregation of numerically codified clinical information, MedcomSoft® Record will significantly enhance disease surveillance and accelerate clinical research. MedcomSoft has proven its technology in both small and large installations and is the Preferred Vendor for ABC (the Association of Black Cardiologists with 450 US members), IPN (the Independent Physicians Network of Milwaukee with over 1,100 members), and NAAMA (National Arab American Medical Association with 3,500 members). The Company has achieved strong growth in license sales year over year while MedcomSoft Record 2006 has placed in the Top 5 in KLAS’ Ambulatory EMR 1-5 Physicians Category 2006 Report, and has received a 5-STAR rating from the AC Group, Inc.
This news release contains forward-looking statements regarding MedcomSoft’s expectations and beliefs with respect to future events and/or financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual events or results to differ materially from those expressed or implied in such forward-looking statements. Such factors and risks include, but are not limited to, market conditions, competition including price and product functionality; economic environment; and the ability to develop and deliver new products in a timely manner. The reader is referred to the documents that the Company files from time to time with applicable Canadian securities and regulatory authorities for a discussion on certain risks and uncertainties that could cause actual results to differ from those projected, anticipated or implied. MedcomSoft does not undertake to update forward-looking statements.