MedcomSoft Continues to Achieve Strong Growth in Sales
July 11, 2007 (PRLEAP.COM) Health NewsAtlanta, Georgia – 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 experiences sales growth across the country and among numerous specialties. License sales in the quarter ended June 30, 2007 (MedcomSoft’s fourth fiscal quarter) exceeded license sales for all of fiscal 2006, and also exceeded aggregate license sales for the first three quarters of fiscal 2007.
For the quarter ended June 30, 2007, MedcomSoft Record has been acquired by practices or organizations located in Florida, California, Texas, New York, Georgia, Missouri, Washington, Wisconsin and Pennsylvania in various specialties, including family practice, pediatrics, OB/GYN, gastroenterology, ENT, cardiology, internal medicine, nephrology, plastic surgery and neurology.
Included within the groups that have acquired MedcomSoft Record are previously announced transactions, such as the purchases by the University of Central Missouri and Independent Physicians Network, Inc. Also included is the purchase of MedcomSoft Record by Community Advanced Practice Nurses, Inc. (CAPN). CAPN, with six locations across Atlanta, Georgia, provides free physical, mental and preventive health care to homeless and medically underserved individuals and families in Metropolitan Atlanta. The mission of CAPN is to strengthen the lives of people who are medically underserved; and they believe that healthy independence is promoted through health care delivered with acceptance, compassion, and sensitivity to an individual’s life circumstances.
According to Connie Buchanan, MS, NP-C, FNP, Executive Director of CAPN, “Our Board unanimously selected MedcomSoft Record after a two year process of rigorously evaluating the leading EMRs. It is important to us to have a system that is user friendly, as well as one that supports our clinical process efficiently while providing the information needed to report on the results of our care. MedcomSoft Record easily satisfied each of these objectives. In addition, MedcomSoft Record will give us the ability to deliver quality patient care by providing access to complete patient data from all of our locations; will support our ability to make referrals with critical clinical information; and, for our very important pediatric population, will support maintenance of immunization data in coordination with GRITS (Georgia Registry for Immunization). We are looking forward to using MedcomSoft Record and getting the application fully implemented at each of our locations to further enhance our ability to provide an environment which will support our goals of treating the whole person.”
About MedcomSoft Inc.: Founded in 1994, MedcomSoft Inc. 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 1,000 members), and other organizations. The Company has achieved strong growth in license sales year over year while MedcomSoft Record 2006 placed first in KLAS’ Ambulatory EMR 1-5 Physicians Category in the 2007 Mid-Year Report, and has received a 5-STAR rating from the AC Group, Inc. Contact Information: Paul Davis, Chief Operating Officer, MedcomSoft Inc. Phone: (877) 673-0101 Fax: (416) 443-9693, www.medcomsoft.com.
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.