LOS ANGELES, CA--(Marketwire - Sep 10, 2012) - MMRGlobal, Inc. (OTCBB: MMRF) ("MMR") today announced stronger than expected sales of its MMRPro document management and imaging system for healthcare professionals (www.mmrprovideos.com). The increase is based on agreements for third quarter sales and fourth quarter deliveries projecting installations and licensing agreements for more than 100 MMRPro systems in the last four months of this year. The demand was triggered by the release of the final rules for Stage 2 of Meaningful Use by the Centers for Medicare & Medicaid Services (CMS) and the Office of the National Coordinator for Health IT (ONC) over the past few weeks. Despite significant pushback from hospitals and doctors, the rules require that patients have online access to their Personal Health Information within 36 hours after a hospital discharge and four days from seeing a physician, which is exactly what MMRPro with MMRPatientView was designed to facilitate (www.mmrpatientvideos.com). This means that starting in 2014, medical information must be available to patients online in as little as 36 hours. The government is sending a message to medical professionals that patient engagement is a top priority and to get it done.
The MMRPro system, which integrates with MMR's patient portal MMRPatientView, is one of the few solutions already responding to physicians' needs today by providing the necessary tools for patient engagement, facilitating the four day requirement for doctors and 36 hour time frame for hospitals. This has created higher than anticipated interest and demand for the Company's MMRPro systems from urgent care facilities and ambulatory surgical centers in addition to senior living centers. MMRPro represents the most cost-effective and easy way for healthcare professionals to move away from paper and begin the path to more streamlined and efficient operations in advance of delivering PHRs through patient portals and paving the way for the implementation of fully-functional EMRs.
"Healthcare professionals are realizing now is the time to buy, and we are in the right place at the right time when you consider that as late as 2011, only 10% of hospitals had a patient portal of any kind," said Robert H. Lorsch, MMRGlobal CEO. "We believe we are seeing greater interest in deployment of our professional products and services as a result of the final Stage 2 Meaningful Use rules issued last month. Moreover, physicians understand that because of healthcare reform they are about to be paid for services previously provided for free in emergency rooms and urgent care centers."
It is estimated that as many as 32 million Americans use emergency rooms and urgent care facilities in place of the family doctor. This means that smaller and medium size providers will need to begin eliminating paper by converting to digitized medical records as an entry-level strategy to deployment of EMRs. The increased patient loads are expected to also create consolidation in providers and many new urgent care facilities.
"MMRPro is the only low cost system of its kind that digitizes a medical office while offering a Personal Health Record complete with all the documents and images in a patient chart for an entire family's health history, meeting the new requirements in near real time. Additionally, the Company's MyMedicalRecords PHR connects seamlessly to the back end of any EMR system, including large scale hospital installations when integrated with our Interbit Connected Hospital module and MMRPatientView," Lorsch added.
Media interested in setting up a demonstration account can sign up at www.MyMedicalRecords.com and follow instructions to open a trial account using Registration Code: PRESSCREDENTIAL.
About MMRGlobal, Inc.
MMRGlobal, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, financial institutions, and professional organizations and affinity groups. The MyMedicalRecords PHR enables individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet. MyMedicalRecords is built on proprietary, patented technologies to allow documents, images and voicemail messages to be transmitted and stored in the system using a variety of methods, including fax, phone, or file upload without relying on any specific electronic medical record platform to populate a user's account. The Company's professional offering, MMRPro, is designed to give physicians' offices an easy and cost-effective solution to digitizing paper-based medical records and sharing them with patients in real time through an integrated patient portal. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. Through its merger with Favrille, Inc. in January 2009, the Company acquired intellectual property biotech assets that include anti-CD20 antibodies and data and samples from its FavId™/Specifid™ vaccine clinical trials for the treatment of B-Cell Non-Hodgkin's lymphoma. To learn more about MMRGlobal, Inc. visit www.mmrglobal.com. View demos and video tutorials of the Company's products and services at www.mmrtheater.com.
Statements in this press release that are not strictly historical in nature, including statements about Meaningful Use, and future performance, expectations, beliefs, intentions, estimates or projections, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause MMRGlobal, Inc.'s actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. Some can be identified by the use of words (and their derivations) such as "need," "possibility," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and "continue," or the negative of these words. Factors that could cause or contribute to such differences include, but are not limited to, the risk our products and services are not adopted or viewed favorably by the healthcare community and retail market, both in the U.S. and internationally; risks related to the current uncertainty and instability in financial and lending markets, including global economic uncertainties; product integration in physician practices and hospitals; timing and volume of sales and installations; length of sales cycles and the installation process; market acceptance of new product introductions; scheduling; ability to establish and maintain strategic relationships; ability to identify and integrate acquisitions; relationships with licensees; competitive product offerings and promotions; changes in government laws and regulations and future changes in tax legislation and initiatives in the healthcare industry; undetected errors in our products; possibility of interruption at our data centers; risks related to third party vendors; risks related to obtaining and integrating third-party licensed technology; acceptance of the Company's marketing and promotional campaigns; risks related to a security breach by third parties; maintaining, developing, exploiting and defending our intellectual property rights including those pertaining to our biotechnology assets; uncertainties associated with doing business internationally across borders and territories; and additional risks discussed in the Company's filings with the United States Securities and Exchange Commission. MMRGlobal, Inc. 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.