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"We recognize that we need someone with Gene's credentials to help direct the launch of MMR Pro," said Robert H. Lorsch, Chairman and CEO of MMR Information Systems, Inc. "Gene's skill and success at selling products and services in healthcare and information technology and his credibility in the industry is an opportunity for MMR that could not come at a better time going into HIMSS. Gene is also a respected CEO in the health IT venture world and we anticipate that he will be instrumental in helping us create the strategic relationships necessary to build on the company's value propositions."
"Allowing Gene Barduson to focus on professional healthcare will also enable me to concentrate on government relations, including opportunities to benefit from stimulus monies that might be available for Personal Health Records, as well as exploitation of our secure online document storage system, MyEsafeDepositBox, to the legal, insurance, banking and employee benefits marketplaces. We are excited about Gene's involvement with MMR and look forward to his becoming a long-term member of the company's senior management team," added Lorsch.
"MMRs unique design looks at medical information from the patient's point of view," said Barduson. "It provides a peripheral vision of the patient's history across the continuum of care. The time is right for personal health information which is easy for each of us to access, and I am excited about the value MMR can add to physicians, hospitals, payors and patients."
MMR Pro is a low-cost Electronic Medical Record ("EMR") designed to allow physicians to efficiently scan and digitize their paper records, upload them to a secure, Web-based portal and then be able to share records with patients through a separate patient portal called MMRPatientView. Patients would then have the opportunity to upgrade to a full-featured MyMedicalRecords PHR account. Because MMR expects to offer an administrative reimbursement to physicians who utilize its MMR Pro service, and patients have the opportunity to upgrade to a full-featured MyMedicalRecords PHR, MMR Pro is expected to be a revenue driver for the professional marketplace as well as creating an additional revenue stream for the company.
Barduson will be in attendance at the upcoming HIMSS09 Conference and Exhibition, April 5-8 in Chicago, when MMR will demonstrate its PHR products and launch its marketing strategies for MMR Pro.
Barduson began his healthcare technology career in 1989 as Executive Vice President with Shared Medical Systems in Chicago, now part of Siemens AG, then a billion dollar company providing clinical and financial software to hospitals. As President and CEO of EDiX Corporation in La Jolla, California from 1996 to 1999, he engineered a turnaround situation resulting in the company being purchased by IDX in 1999. Barduson remained with IDX until 2001, growing its annual revenue to more than $100 million.
In 2001, Barduson was elected Chairman and CEO of Apexion Technologies, Inc., which supplied software, hardware and services to hospitals using bar-coding and RFID technologies to manage the supply chain. He engineered the sale of Apexion to Lawson in 2003. That same year, he was appointed President and CEO of Alteer Corporation, which sold software for physician practices. Barduson raised venture capital from Sanderling Ventures and others, and successfully repositioned the company as a service company providing turnkey services to physician practices. Alteer was purchased by American Health in 2007. Barduson currently serves on the Board of Directors of four healthcare-related companies, Benchmark, Heartland Information Services, PerfectServe and Vesatek, and was appointed to the Board of Trustees of Western University of Health Sciences in June 2008.
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 http://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 http://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 http://www.mymedicalrecords.com and www.mmrinformationsystems.com. Information on MMR's Websites 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 statements include, but are not limited to, statements regarding the MMR's expectations regarding MMR Pro's ability to drive revenues, the ability of Gene Barduson to develop strategic relationships for MMR and the possible future role of Gene Barduson in senior management. 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 the 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.
http://www.mymedicalrecords.com/
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