Healthscreen Solutions Inc.
TSX VENTURE : MDU

Healthscreen Solutions Inc.

December 01, 2009 12:31 ET

Healthscreen to Offer Ontario Physicians the First Fully Funded Turn-Key Electronic Medical Record Solution With Help From HP

New arrangement also provides physicians access to additional funding from eHealth Ontario's $236 Million EMR Adoption Program

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2009) - Healthscreen Solutions Inc. ("Healthscreen" or the "Company") (TSX VENTURE:MDU), a leading provider of EMR and practice-enhancing solutions to more than 4,000 Ontario physicians, today announced a program in conjunction with HP Canada that allows Ontario physicians to acquire and implement electronic medical record software on HP computers at no net cost.

The program will provide that Ontario physicians who sign up with Healthscreen for EMR will receive a complete version of Healthscreen's OntarioMD certified software; an HP technology bundle that includes a server, thin client PCs, monitors, and printers; and training, implementation and technical support services from Healthscreen and technology provider CCSI for five years. In addition, by adding Healthscreen's suite of Physician Services, physicians will be able to implement their EMR system at no net out-of-pocket cost to them.

eHealth Ontario and OntarioMD recently announced the availability of $27,100 per physician of new funding over three years to support EMR adoption. The Healthscreen offering allows physicians to retain this government funding for other practice enhancement purposes.

"We're always looking for ways to help physicians deliver the highest quality health services, while at the same time improving their business efficiencies," said Justin Belobaba, President and CEO of Healthscreen. "This offer is absolutely unique in the history of our industry. Healthscreen is the only EMR company that is able to present its products, partnerships and services in such a way that allows physicians to acquire a complete turn-key EMR solution at zero cost. Even better for our physicians, they will be able to keep the new subsidy of $27,100 to further enhance their practice."

"At HP, we're committed to assisting healthcare professionals in improving the quality of patient care and reducing costs," said Leyland Brown, National SMB Segment Director, HP Canada. "Working with Healthscreen will give our customers access to an innovative EMR solution that can help them accelerate the integration and modernization of their healthcare systems."

About Healthsreen Solutions

Healthscreen's and its partners' services and software are used by over 8,000 full-time physicians who are responsible for the health care of more than 7 million Canadians. The Company provides a comprehensive suite of practice enhancing products and services to increase physician productivity and revenue while reducing costs and improving patient care. This includes billing and scheduling software, electronic medical records software, CallerMD which assists physicians in managing a range of uninsured medical services, PrevCareMD which helps physicians earn supplemental income by achieving government-set preventive care targets, and HealthAlert which allows physicians to help their patients in managing complex healthcare issues. The Company is publicly traded in Toronto under the symbol "MDU". More information about Healthscreen can be found at www.healthscreen.com.

(C) 2009 Healthscreen Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.

Disclaimer: Forward Looking Statements

This press release contains information that is forward looking information with respect to Healthscreen within the meaning of Section 138.4(9) of the Ontario Securities Act and other applicable securities laws. In some cases, forward-looking information can be identified by the use of terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or the negative of these terms or other similar expressions concerning matters that are not historical facts. In particular, statements about future revenues or profitability, including the estimated timing of profitability, and any other statements regarding Healthscreen's future expectations, beliefs, goals or prospects are or involve forward-looking information.

Forward-looking information is based on certain factors and assumptions. While the company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information, by its nature necessarily involves risks and uncertainties, including risks and uncertainties relating to government regulation and funding in the healthcare industry, financial and capital market risks, technology development and adoption, Healthscreen's ability to maintain its competitive position and effectively implement it's acquisition strategy, liability for software malfunction, management of growth, and length of sales cycles. Additional risks and uncertainties affecting Healthscreen can be found in Healthscreen's 2008 Annual Report and Management's Discussion and Analysis for the Fiscal Year ended September 30, 2008 filed on SEDAR at www.sedar.com. If any of these risks or uncertainties were to materialize or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Trading in the securities of Healthscreen should be considered highly speculative.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Healthscreen Solutions Inc.
    Justin Belobaba
    President and CEO
    1-866-534-DOCS ext. 7015
    ir@healthscreen.com