Healthscreen Solutions Inc.
TSX VENTURE : MDU

Healthscreen Solutions Inc.
Wolf Medical Systems

October 09, 2008 08:00 ET

Healthscreen and Wolf Form Western Canadian Partnership

Companies partner to extend EMR and practice enhancing services to thousands of Canadian physicians

TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 9, 2008) - Healthscreen Solutions Inc. (TSX VENTURE:MDU), a leading Canadian provider of physician practice enhancement services and electronic medical record (EMR) software, and Wolf Medical Systems, a leading national provider of electronic medical records (EMR) software, are pleased to announce a strategic alliance to offer their respective industry leading solutions to physicians in Western Canada.

Under the partnership agreement, the two companies will engage in joint marketing and sales programs to their respective customers. With many Canadian physicians already using the CallerMD service to manage uninsured services, Healthscreen will become the exclusive provider of this industry leading practice enhancing service to Wolf clients. In turn, Wolf will become the exclusive third party EMR provider to Healthscreen's 1,000 British Columbia-based physicians, which were acquired in the Regent transaction in 2008.

Through British Columbia's Physician Information Technology Office (PITO), Wolf is one of only six approved EMR vendors in BC for doctors eligible to receive government funding to implement EMR solutions, and is the only EMR vendor to be selected or conformant in BC, Alberta and Ontario.

"We are very pleased to enter into this partnership. Wolf has a proven EMR solution, a strong brand and a significant presence in Western Canada," said Justin Belobaba, President and CEO of Healthscreen. "Given Healthscreen's track record of successfully offering value add services to physicians through acquisitions or partnerships, we believe this collaboration considerably speeds-up our expansion process in the West, while increasing our distribution network to over 8,000 Canadian physicians. It also allows us to offer our software customers in British Columbia a seamless transition to a PITO-approved EMR product, while preserving that software revenue stream and continuing to offer those customers our practice enhancing physician services."

"This partnership marks yet another important milestone in Wolf's growth. As the only EMR solution selected or conformant in Alberta, BC and Ontario, Wolf is increasingly regarded as the solution of choice for physicians who require a complete and proven EMR solution for the long term," said Brendan Byrne, President and CEO of Wolf. "CallerMD is a natural extension of our offering, helping us deliver a more complete solution to our clients. We are excited to offer Healthscreen's Regent software customers a PITO-funded EMR continuity path and look forward to working with Healthscreen and their clients in BC."

About Healthscreen Solutions

Healthscreen Solutions (www.healthscreen.com) provides a comprehensive suite of practice enhancement products and services to increase physician productivity and revenue while reducing costs and improving patient care. The Company's portfolio 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. Healthscreen is used by over 5,300 full-time physicians who are responsible for more than $1.5 billion in healthcare transactions per year through its system.

About Wolf Medical Systems

Wolf Medical Systems is a leading national provider of electronic medical records (EMR) software for physician offices and medical clinics across Canada. Founded in 1998, the company has hundreds of installed sites and thousands of physicians and allied healthcare users across Canada. Wolf's EMR software includes a complete set of physician-designed applications that automate the unique processes of billing, scheduling, workflow planning, chronic disease management and clinical practice for physician offices and medical clinics within the context of each province's unique regulatory environments. For more information on Wolf Medical Systems, visit www.wolfmedical.com.

(C) 2008 Healthscreen Solutions Inc. All Rights Reserved.

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 theses 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. Assumptions made in making forward looking statements in this release include continued market adoption of our Physician Services offering and Healthscreen's ability to successfully sell its services to Wolf clients.. 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 it's 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 2007 Annual Report and Management's Discussion and Analysis for the Third Quarter ended June 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. Healthscreen or revise any forward looking statements, whether as a result of new information, future events or otherwise. 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.

The TSX Venture Exchange has in no way approved nor disapproved the contents of this new release.

Contact Information