Healthscreen Solutions Inc.
TSX VENTURE : MDU

Healthscreen Solutions Inc.

September 21, 2010 08:00 ET

Healthscreen Increases Market Share to 18.7% Under New EMR Adoption Program

Healthscreen More Than Doubles Its Share of Funded EMR Physicians From Old PCIT Program to New EMR Adoption Program and Significantly Improves Its #2 Position.

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2010) - Healthscreen Solutions Inc. (TSX VENTURE:MDU), Canada's premier provider of physician practice enhancing services and electronic medical record (EMR) software, is very pleased by the latest OntarioMD announcement reflecting a strong increase in adoption of its EMR software (see https://www.emradvisor.ca/compare). As the OntarioMD data reflects, Healthscreen has increased its share of the Ontario EMR market from 9.5% under the previous funding program to 18.7% under the New EMR Adoption Program launched last year, and narrowed the gap to first place under the new program to only a few percentage points. The New EMR Adoption Program provides funding for up to 5,700 Ontario physicians to acquire and implement EMR in their clinics by 2012.

According to Justin Belobaba, President and CEO, this marked gain in adoption is further validation that the company is on the right path. He stated, "While we are clearly within range of taking the lead in this area, Healthscreen remains focused on our clients and their needs. We know that this is the best path to success over the long term."

Dr. Bruce Rosenberg, Healthscreen's Founder and Chief Medical Officer added, "While the OntarioMD data shows that our EMR is gaining market share, we recognize that we can't rest on our laurels. Importantly, the company is increasing its investment in EMR, which is critical to me as both a member of the Healthscreen team, and a practicing physician and Healthscreen EMR user."

Mr Belobaba continued, "It is wonderful to see our investments in EMR paying off for our physician customers, and to see them recommending us to their colleagues at unprecedented rates. We truly appreciate their support."

About Healthscreen Solutions

Healthscreen Solutions (www.healthscreen.com) provides a comprehensive suite of practice enhancing 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'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 seven million Canadians.

© 2010 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. 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 2009 Annual Report and Management's Discussion and Analysis for the Fiscal Year ended September 30, 2009 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.

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

Contact Information

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