VisualMed Quarterly Report 2013
Reply
VisualMED Annual Disclosure Statement for Fiscal 2012
VisualMED joint venture receives strong endorsement from State
National Emergency Preparedness and Response Center seen as strategic asset
RENO, NV, June 26, 2012.VisualMED Clinical Solutions Corp. (The “Company”) (PINKSHEETS: VMCS) (FRANKFURT: VA6.F) announces that its public/private Partnership with The Maryland Center at Bowie State University, Intelaform, and Verizon has been endorsed by The State of Maryland in a letter from the Governor to the Executive Director of the Center. The Governor expressed strong support for our joint venture, especially for the National Emergency Preparedness and Response which was recently installed at Bowie State.
VisualMED is working closely with its partners to create a model for health data collection, analysis and transmission in real time to help in all manners of emergency response. This model will be the first of its kind in the world and is expected to be adopted by other states. It is a watershed initiative and has received major Congressional support which underscores the national scope of its impact. Considerable Federal funding in the tens of billions is available to state and local governments for ensuring better health and public safety response capabilities in cases of national emergencies for a range of potential disasters.
VisualMED and the joint venture also remain active in our project to reduce costly readmissions to hospitals which are estimated to cost Medicare approximately $15 billion annually, nearly $12 billion of which is for causes considered preventable. In Maryland alone, hospital readmissions are estimated to cost $300 million annually. The Program is designed to assist the patient during the critical transition period and thereby significantly decrease the number of preventable hospitalizations.
The Maryland Center, an affiliated foundation of the University System of Maryland, (www.themarylandcenter.org) has as its charter to eliminate disparities, including those in health, and simultaneously enhance research and development on behalf of Bowie State. VisualMED Clinical Solutions will provide mobile medical applications and the patient treatment infrastructure with secure access and tracking capabilities to enable real-time collection, aggregation, and sharing of information in order to help reduce inefficiencies and increase safety and security.
About VisualMED
VisualMED markets smart EHR with Clinical Information Systems (CIS) and Computerized Physician Order Entry that meet the new regulatory environment ushered in by the American Recovery and Reinvestment Act of 2009 and the Health Reform Act of 2010. VisualMED offers a powerful technology platform both scalable and interoperable, developed at a cost of some $40 million and tested over many years in tertiary care and ambulatory environments. VisualMED solutions help medical facilities reduce mortality and morbidity due to medical errors, increase provider efficiency, and bring down operating costs. The key clinical components are a core solution in the new agenda to promote greater patient safety and reduce risks due to medication errors. 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
SOURCE: VisualMED Clinical Solutions Corp.
Endorsement Letters:
VisualMED joins Partners for Community Based Care Transition Program Teams with Maryland Center at Bowie State University, Intelaform
RENO, NV, April 19, 2012.VisualMED Clinical Solutions Corp. (The “Company”) (PINKSHEETS: VMCS) (FRANKFURT: VA6.F) announces it has formed a further partnership with The Maryland Center at Bowie State University, Inc., and Intelaform, market leaders in healthcare information and communications, to develop a Community-Based Care Transition Program (CCTP) for the state of Maryland.
Care transitions occur when a patient moves from one health care setting to another. In the instance, that people living with serious illnesses move from the hospital to home or a nursing center, they may be at risk for readmission to the hospital if they develop a complication.
The Centers for Medicare and Medicaid Services (CMS), has launched an initiative to reduce hospital readmissions by 20% by 2013. To begin with, the agency plans to spend $500 million -or half of the $1 billion earmarked in the Affordable Care Act for improving patient safety- to help hospitals and their community partners decrease readmissions over a five year period ending in 2016.The Maryland Center Transition Care Program (The Program) will focus specifically on the needs of elderly patients transitioning from a hospital setting back to the home environment.
According to a 2007 report of the Medicare Payment Advisory Commission, readmissions to the hospital are estimated to cost Medicare approximately $15 billion, nearly $12 billion of which is for causes considered preventable. In Maryland, hospital readmissions are estimated to cost $300 million annually. The Program is designed to assist the patient during the critical transition period and thereby significantly decrease the number of preventable hospitalizations.
The Maryland Center, an affiliated foundation of the University System of Maryland, has as its charter to eliminate disparities, including those in health, and simultaneously enhance research and development on behalf of Bowie State University. Its new public/private partnership with VisualMED Clinical Solutions Corp., and Intelaform, Inc. will have as a primary goal the development of a CCTP. The initial program will focus on Maryland, and could be expanded across the entire National Capital Region.
The MD Center CCTP is the first of its kind in Maryland. The program will focus on five key areas for aging patients, cardiovascular, diabetes, urological, pulmonary, and dermatological and seek significant reductions in each.
This program is unique among CCTP programs in that it will provide patient surveillance and “concierge” services to transitioning patients and will integrate the latest technologies in managing health information to enhance the capabilities of all involved parties – hospitals, physicians, nurses, and other healthcare providers – to respond to the needs of the transitioning patient.
Intelaform will provide patient surveillance and concierge services, treatment management and patient care management systems to monitor and individually manage each patient’s needs. VisualMED Clinical Solutions will provide mobile medical applications and the patient treatment infrastructure with secure access and tracking capabilities to enable real-time collection, aggregation, and sharing of information.
“As designed, this landmark program can be quickly replicated across the United States, reducing Medicare costs by billions of dollars and adding to the quality of life of millions of elderly patients and their families,” said J. Randall Hoggle, PD, Chairman of the Board of Intelaform, Inc.
“The Transition Center is an innovative program with the potential to permanently transform transitional care for millions of the most vulnerable citizens in our community. The Maryland Center is proud to be a part of this historic partnership,” remarked Terry Lawlah, executive director of the Maryland Center at Bowie State University.
“Transitional care and reduction of readmissions can truly be implemented in a safe and effective manner when using mobile medical and nursing applications” stated Gerard Dab, CEO of VisualMED Solutions Corp.
About The Maryland Center at Bowie State University
The Maryland Center at Bowie State University, Inc is a non-profit organization that is an affiliated foundation of the University System of Maryland located on the campus of Bowie State University. As an affiliated foundation, the Center engages in and supports activities to further enhance the educational, research or service mission of Bowie State University. Through this collaboration, The Maryland Center and Bowie State work in concert to increase the research capacity of the University. For more information, visit http://www.themarylandcenter.org.
About Intelaform
Intelaform, Inc. is a global leader in emergency preparedness and response planning and deployment, medical and biosurveillance and a premier source for healthcare product monitoring and surveillance. Intelaform is a Delaware C-Corporation founded in 2007 as a spin out business of Health Pathways, Inc. with intellectual property from a series of global government agencies and private sector emergency preparedness and response projects and healthcare asset management and monitoring programs. Intelaform global headquarters are in Rockville, Maryland, USA. For more information, visit http://www.intelaform.com.
About VisualMED
VisualMED markets smart EHR with Clinical Information Systems (CIS) and Computerized Physician Order Entry that meet the new regulatory environment ushered in by the American Recovery and Reinvestment Act of 2009 and the Health Reform Act of 2010. VisualMED offers a powerful technology platform both scalable and interoperable, developed at a cost of some $40 million and tested over many years in tertiary care and ambulatory environments. VisualMED solutions help medical facilities reduce mortality and morbidity due to medical errors, increase provider efficiency, and bring down operating costs. The key clinical components are a core solution in the new agenda to promote greater patient safety and reduce risks due to medication errors. 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
SOURCE: VisualMED Clinical Solutions Corp.
Maryland Center at Bowie State University Partners with Industry to Develop Community Based Care Transition Program
BOWIE, Md., April 18, 2012 /PRNewswire-iReach/ — The Maryland Center at Bowie State University has formed a partnership with Intelaform, Inc., and VisualMED Clinical Solutions Corporation, market leaders in healthcare information and communications, to develop a Community-Based Care Transition Program (CCTP) for the state of Maryland.
Care transitions occur when a patient moves from one health care setting to another. In the instance, that people living with serious illnesses move from the hospital to home or a nursing center, they may be at risk for readmission to the hospital if they develop a complication. The Centers for Medicare and Medicaid Services (CMS), has launched an initiative to reduce hospital readmissions by 20% by 2013. To begin with, the agency plans to spend $500 million -or half of the $1 billion earmarked in the Affordable Care Act for improving patient safety- to help hospitals and their community partners decrease readmissions over a five year period ending in 2016.The Maryland Center Transition Care Program (The Program) will focus specifically on the needs of elderly patients transitioning from a hospital setting back to the home environment.
According to a 2007 report of the Medicare Payment Advisory Commission, readmissions to the hospital are estimated to cost Medicare approximately $15 billion, nearly $12 billion of which is for causes considered preventable. In Maryland, hospital readmissions are estimated to cost $300 million annually. The Program is designed to assist the patient during the critical transition period and thereby significantly decrease the number of preventable hospitalizations.
The Maryland Center, an affiliated foundation of the University System of Maryland, has as its charter to eliminate disparities, including those in health, and simultaneously enhance research and development on behalf of Bowie State University. Its new public/private partnership with VisualMED Clinical Solutions Corp., and Intelaform, Inc. will have as a primary goal the development of a CCTP. The initial program will focus on Maryland, and could be expanded across the entire National Capital Region.
The MD Center CCTP is the first of its kind in Maryland. The program will focus on five key areas for aging patients, cardiovascular, diabetes, urological, pulmonary, and dermatological and seek significant reductions in each.
This program is unique among CCTP programs in that it will provide patient surveillance and “concierge” services to transitioning patients and will integrate the latest technologies in managing health information to enhance the capabilities of all involved parties – hospitals, physicians, nurses, and other healthcare providers – to respond to the needs of the transitioning patient.
Intelaform will provide patient surveillance and concierge services, treatment management and patient care management systems to monitor and individually manage each patient’s needs. VisualMED Clinical Solutions will provide mobile medical applications and the patient treatment infrastructure with secure access and tracking capabilities to enable real-time collection, aggregation, and sharing of information.
“As designed, this landmark program can be quickly replicated across the United States, reducing Medicare costs by billions of dollars and adding to the quality of life of millions of elderly patients and their families,” said J. Randall Hoggle, PD, Chairman of the Board of Intelaform, Inc.
“The Transition Center is an innovative program with the potential to permanently transform transitional care for millions of the most vulnerable citizens in our community. The Maryland Center is proud to be a part of this historic partnership,” remarked Terry Lawlah, executive director of the Maryland Center at Bowie State University.
“Transitional care and reduction of readmissions can truly be implemented in a safe and effective manner when using mobile medical and nursing applications” stated Gerard Dab, CEO of VisualMED Solutions Corp.
About The Maryland Center at Bowie State University
The Maryland Center at Bowie State University, Inc is a non-profit organization that is an affiliated foundation of the University System of Maryland located on the campus of Bowie State University. As an affiliated foundation, the Center engages in and supports activities to further enhance the educational, research or service mission of Bowie State University. Through this collaboration, The Maryland Center and Bowie State work in concert to increase the research capacity of the University. For more information, visit www.themarylandcenter.org.
About Intelaform
Intelaform, Inc. is a global leader in emergency preparedness and response planning and deployment, medical and biosurveillance and a premier source for healthcare product monitoring and surveillance. Intelaform is a Delaware C-Corporation founded in 2007 as a spin out business of Health Pathways, Inc. with intellectual property from a series of global government agencies and private sector emergency preparedness and response projects and healthcare asset management and monitoring programs. Intelaform global headquarters are in Rockville, Maryland, USA. For more information, visit www.intelaform.com.
About VisualMED
VisualMED markets smart EHR with Clinical Information Systems (CIS) and Computerized Physician Order Entry that meet the new regulatory environment ushered in by the American Recovery and Reinvestment Act of 2009 and the Health Reform Act of 2010. VisualMED offers a powerful technology platform both scalable and interoperable, developed at a cost of some $40 million and tested over many years in tertiary care and ambulatory environments. VisualMED solutions help medical facilities reduce mortality and morbidity due to medical errors, increase provider efficiency, and bring down operating costs. The key clinical components are a core solution in the new agenda to promote greater patient safety and reduce risks due to medication errors. For more information, visit www.visualmedsolutions.com.
Media Contact: Ina Ramos Maryland Center at Bowie State University, 301-860-4306, iramos@bowiestate.edu
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE The Maryland Center at Bowie State University, Inc
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VisualMED Joins Partnership to Create National Emergency Preparedness & Response Research Center for the United States
Public Private Partnership Includes the Maryland Center, Bowie State University, Intelaform and Verizon
RENO, NV–(Marketwire – Apr 13, 2012) – VisualMED Clinical Solutions Corp. (The “Company”) (PINKSHEETS: VMCS) (FRANKFURT: VA6) announces it has entered into a partnership with the Maryland Center, Bowie State University, Intelaform and Verizon, as announced by the Maryland Center at Bowie State on Wednesday.
The recently formed partnership brings together leaders in healthcare information technology and communications and network solutions that will co-develop a national research center that will apply the latest technologies in managing health information to enhance national capabilities to respond to domestic threats including natural disasters, pandemics and manmade catastrophes.
This multi-disciplinary public/private partnership between Maryland Center, Bowie State, VisualMED Clinical Solutions Corp., Intelaform, Inc. and Verizon Communications Inc. will create the National Emergency Preparedness and Response (NEPR) Research Center, a national network that will respond to recommendations from public and private leaders and develop surveillance and response capabilities to emerging threats on a national level.
The NEPR Research Center, to be housed by the Maryland Center on the campus of Bowie State University, will assist federal, state and private sector leaders in developing protocols and methodology to enhance the ongoing efforts in preparing and responding to national emergencies. The center will offer deployable systems developed by the joint capabilities of the private partners.
“This is the right time and the right place for this kind of project,” stated Mickey L. Burnim, president of BSU. “With the creation of the NEPR Research Center, we are taking a significant step towards our vision of creating innovative public/private economic development partnerships that are beneficial to BSU, the state of Maryland, and our great nation.”
“The NEPR Research Center has the potential to revolutionize emergency preparedness efforts, by creating unprecedented and uniform access to medical technology and information. For the first time, local, state, and federal agencies will have real-time access to essential, life-saving data in a highly integrated and usable form to prepare for and respond to national emergencies,” said J. Randall Hoggle, PD, Chairman of the Board of Intelaform, Inc.
“We are excited about the NEPR Research Center initiative and look forward to a long-term partnership that will produce pioneering milestones in the emergency preparedness community,” said Terry Lawlah, executive director of the Maryland Center at Bowie State University. “The Maryland Center will optimize our partner’s ability to provide sustainable, scalable and stable capabilities in a collaborative and synergistic relationship.”
“We wholeheartedly believe this partnership will prove to be one of the premier relationships of the 21st century, one which will improve the efficiency and effectiveness of our customers while adding incredible value to all stakeholders,” stated Gerard Dab, CEO of VisualMED Solutions Corp.
About The Maryland Center at Bowie State University
The Maryland Center at Bowie State University, Inc is a non-profit organization that is an affiliated foundation of the University System of Maryland located on the campus of Bowie State University. As an affiliated foundation, the Center engages in and supports activities to further enhance the educational, research or service mission of Bowie State University. Through this collaboration, The Maryland Center and Bowie State work in concert to increase the research capacity of the University. For more information, visit www.themarylandcenter.org.
About Intelaform
Intelaform, Inc. is a global leader in emergency preparedness and response planning and deployment, medical and biosurveillance and a premier source for healthcare product monitoring and surveillance. Intelaform is a Delaware C-Corporation founded in 2007 as a spin out business of Health Pathways, Inc. with intellectual property from a series of global government agencies and private sector emergency preparedness and response projects and healthcare asset management and monitoring programs. Intelaform global headquarters are in Rockville, Maryland, USA. For more information, visit www.intelaform.com.
About Verizon
Verizon Communications, Inc., headquartered in New York is a global leader in delivering broadband and other wireless communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, with nearly 109 million total connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 194,000. For more information, visit www.verizon.com.
About VisualMED
VisualMED markets smart EHR with Clinical Information Systems (CIS) and Computerized Physician Order Entry that meet the new regulatory environment ushered in by the American Recovery and Reinvestment Act of 2009 and the Health Reform Act of 2010. VisualMED offers a powerful technology platform both scalable and interoperable, developed at a cost of some $40 million and tested over many years in tertiary care and ambulatory environments. VisualMED solutions help medical facilities reduce mortality and morbidity due to medical errors, increase provider efficiency, and bring down operating costs. The key clinical components are a core solution in the new agenda to promote greater patient safety and reduce risks due to medication errors.
Contact Information
Media Contact:
Cassandra Robinson
Bowie State University
301-860-3505
crobinson@bowiestate.edu
For further information, please contact:
Gerard Dab
514-582-5220
Maryland Center at Bowie State University Partners With Industry to Create National Emergency Preparedness & Response Research Center
BOWIE, Md., April 11, 2012 /PRNewswire-iReach/ — The Maryland Center at Bowie State University recently formed a partnership with three market leaders in healthcare information and communications to develop a national research center that will apply the latest technologies in managing health information to enhance national capabilities to respond to domestic threats including natural disasters, pandemics and manmade catastrophes.
The Maryland Center, an affiliated foundation of the University System of Maryland, has as its charter to eliminate disparities, including those in health, and simultaneously enhance research and development on behalf of Bowie State University. Its new public/private partnership with VisualMED Clinical Solutions Corp., Intelaform, Inc. and Verizon Communications Inc. will create the National Emergency Preparedness and Response (NEPR) Research Center. This initiative is designed to respond to recommendations from public and private leaders for research centers to develop surveillance and response capabilities that coalesce national efforts to prepare for emerging threats.
The NEPR Research Center, to be housed by the Maryland Center on the campus of Bowie State University, will assist federal, state and private sector leaders in developing protocols and methodology to enhance the ongoing efforts in preparing and responding to national emergencies. The center will offer deployable systems developed by the joint capabilities of the private partners.
“This is the right time and the right place for this kind of project,” stated Mickey L. Burnim, president of BSU. “With the creation of the NEPR Research Center, we are taking a significant step towards our vision of creating innovative public/private economic development partnerships that are beneficial to BSU, the state of Maryland, and our great nation.”
“The NEPR Research Center has the potential to revolutionize emergency preparedness efforts, by creating unprecedented and uniform access to medical technology and information. For the first time, local, state, and federal agencies will have real-time access to essential, life-saving data in a highly integrated and usable form to prepare for and respond to national emergencies”, said J. Randall Hoggle, PD, Chairman of the Board of Intelaform, Inc.
“We are excited about the NEPR Research Center initiative and look forward to a long-term partnership that will produce pioneering milestones in the emergency preparedness community,” said Terry Lawlah, executive director of the Maryland Center at Bowie State University. “The Maryland Center will optimize our partner’s ability to provide sustainable, scalable and stable capabilities in a collaborative and synergistic relationship.”
“We wholeheartedly believe this partnership will prove to be one of the premier relationships of the 21st century, one which will improve the efficiency and effectiveness of our customers while adding incredible value to all stakeholders,” stated Gerard Dab, CEO of VisualMED Solutions Corp.
About The Maryland Center at Bowie State University
The Maryland Center at Bowie State University, Inc is a non-profit organization that is an affiliated foundation of the University System of Maryland located on the campus of Bowie State University. As an affiliated foundation, the Center engages in and supports activities to further enhance the educational, research or service mission of Bowie State University. Through this collaboration, The Maryland Center and Bowie State work in concert to increase the research capacity of the University. For more information, visit www.themarylandcenter.org.
About Intelaform
Intelaform, Inc. is a global leader in emergency preparedness and response planning and deployment, medical and biosurveillance and a premier source for healthcare product monitoring and surveillance. Intelaform is a Delaware C-Corporation founded in 2007 as a spin out business of Health Pathways, Inc. with intellectual property from a series of global government agencies and private sector emergency preparedness and response projects and healthcare asset management and monitoring programs. Intelaform global headquarters are in Rockville, Maryland, USA. For more information, visit www.intelaform.com.
About Verizon
Verizon Communications, Inc., headquartered in New York is a global leader in delivering broadband and other wireless communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, with nearly 109 million total connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 194,000. For more information, visit www.verizon.com.
About VisualMED
VisualMED markets smart EHR with Clinical Information Systems (CIS) and Computerized Physician Order Entry that meet the new regulatory environment ushered in by the American Recovery and Reinvestment Act of 2009 and the Health Reform Act of 2010. VisualMED offers a powerful technology platform both scalable and interoperable, developed at a cost of some $40 million and tested over many years in tertiary care and ambulatory environments. VisualMED solutions help medical facilities reduce mortality and morbidity due to medical errors, increase provider efficiency, and bring down operating costs. The key clinical components are a core solution in the new agenda to promote greater patient safety and reduce risks due to medication errors.
VisualMED to Gain Access to US Hospital Networks
Sales of Standalone Modules Could Reach Ten Million in First Year
RENO, NV, Feb 07, 2012 (MARKETWIRE via COMTEX) — 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).
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
August 30 – 2011 – Letter to the shareholders from Mr Gerard Dab
Dear Shareholder,
I am pleased to report that we have had the best quarter in our history, leading to the most positive year to year results ever as evidenced in our year-end annual report now publicly posted well in advance of the September 28 deadline. The numbers speak for themselves; we are finally undergoing an unprecedented acceleration of revenues barely two years after the passing of Obamacare and the first promulgation of meaningful use. Our company is deriving major benefits from public policy.
Our revenues are up significantly, and our market share although still minimal has begun to expand as we have started to deliver clinical solutions to new clients looking to modernize their medical facilities, to improve services to patients and lower costs of their operations. For the first time ever we are able to deliver services without incurring losses greater than what we can charge.
These positive developments are happening for us after a lengthy commitment to develop and maintain some of the most advanced and effective state-of-the-art intelligent medical applications, a commitment of nearly $50 million over close to a decade. Our Company has come through a long process while expecting regulations and public policy to push healthcare automation onto the last major industry to still be working with pen and paper.
Our outlook is now brighter than ever with a rising rush of early adopters who intend to stay ahead of the current and coming regulatory curve. Through 2010 and 2011, the news coming out of America points to a paradigm shift in the way the healthcare establishment views and uses healthcare informatics. Make no mistake, this movement is now irreversible and will continue to expand no matter which party wins the White House in the next election.
More recently, we have taken measures to make the company more attractive to major financial players who are increasingly looking at participating in the coming healthcare revolution. We were able to file with the SEC a bona fide prospectus for the issuance of investment grade bonds for as much as 50M, a singular initiative that demonstrates our continuing capability to play in the major leagues. We also moved resolutely to liquidate debt, improve the balance sheet and began to be once again a full reporting issuer on the OTC market.
One of the major initiatives in the coming year will be to continue seeking a breakthrough in large hospital organizations. What we face is an extraordinary reluctance on the part of large organizations, be it industrial corporations or hospitals, to adopt newer more nimble technologies for enterprise wide solutions. Most are still relying on obsolete mainframe and client server solutions, and have yet to embrace any of the newer technologies of the past few years be it cloud or mobile applications such as the ones we offer.
We have put in place an aggressive strategy for penetrating these larger organizations, centered on bringing mobile solutions to the ambulatory segment of hospital care. To that end, we will continue to multiply our strategic and tactical alliances. Since June 30th, we have become party to a joint venture comprising one of the world’s largest hospital networks and one of America’s leading telephone companies in order to explore mobile applications for ambulatory care. There is growing political traction for this type of marriage between large utilities networks and smart applications like ours that are rich in medical content.
In conclusion, this has been a banner year for us and we remain more solid than ever. We continue to be extremely competitive, still years ahead of most healthcare informatics companies when it comes to smart medical applications that actually improve quality of care and outcomes. It’s been a long haul, but as you can see, we have been fortunate in maintaining continuity of management and purpose, the integrity of our vision and we remain firmly committed to the cause. VisualMED is clearly here to stay.
I thank all of you for all the great support, ideas and suggestions that you have provided over the course of the past year.
Sincerely,
____________
Gerard Dab
Chairman of the Board
August 31, 2011 / Conference call with Mr. Gerard Dab
Greetings
Gerard Dab will be hosting a VisualMED Clinical Solutions corp. 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
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