QHR Technologies Inc.

QHR Technologies Inc.

June 02, 2006 08:00 ET

QHR Technologies Inc.: Optimed to Provide Technology to Over 500 Doctors

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - June 2, 2006) - QHR Technologies Inc. (TSX VENTURE:QHR)

Not for distribution in the United States or through United States wire services

Mr. Al Hildebrandt, President and CEO of the Company, is pleased to announce that its wholly owned subsidiary Optimed Software Corporation ("Optimed") has entered into an agreement with Peardon Consulting, a private Alberta based consulting firm, to manage their physician client base of over 300 doctors currently using Peardon's MedSoft Practice Manager ("MedSoft") software.

Under the arrangement Optimed will manage and support Peardon's client base currently on MedSoft and begin transition strategies to move these client's onto Optimed's proprietary electronic medical record technology ("EMR") known as Accuro™ EMR.

MedSoft does not currently conform to the Vendor Conformance User Requirements ("VCUR") standards that have been established by the Province of Alberta. Other provinces are expected to adopt similar standards for their EMR requirements in co-operation with Canada Health InfoWay. Peardon would have to make a considerable investment in MedSoft in terms of capital and time to conform to VCUR with risks on the return of that investment. After careful review of Optimed's Accuro™ EMR system Peardon concluded that this would be an immediate "best-of-breed" alternative for Peardon's customers to adopt. In addition to continued management services, Peardon will also be paid fees based on percentages of revenue from Peardon customers for use of MedSoft and Accuro™ EMR.

The EMR market is emerging and consolidating in Canada. Numerous small vendors many of whom do not have the resources to build full EMR systems currently service the medical practice market. The transaction with Peardon reflects this consolidation and puts over 500 doctors under the technology management of Optimed, 200 of which are already on Accuro™ EMR systems.

Optimed has built its Accuro™ product solutions to meet the specific needs of individual doctors and their business practices. Doctors can take advantage of the quick implementation, easy to use and comprehensive flexibility of Accuro™ technology and configure their own personal preferences to streamline their workflow. This is a unique feature amongst our competitors in the EMR market in Canada.

For a more complete business profile of the Company, management encourages interested parties to visit the Company's website, www.QHRtechnologies.com.

This news release may contain opinions and forward-looking statements that reflect the Company's current expectations, forecasts and assumptions. These may involve risks and uncertainties that could cause actual future results to be materially different. Investors are cautioned against placing undue reliance on forward-looking statements.

On behalf of the Board of Directors

Al Hildebrandt, President & Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information