SOURCE: MMRGlobal, Inc.

MMRGlobal, Inc.

October 06, 2010 08:35 ET

MMR Stimulus Program Expanded to Offer Physicians Financial Advances During Transition to Achieving Meaningful Use

MMRGlobal Continues Its Million Dollar Cyber Liability Insurance

LOS ANGELES, CA--(Marketwire - October 6, 2010) -  MMRGlobal, Inc. (OTCBB: MMRF) (MMR) announced today that its MMR Stimulus Program will be expanded to include the MMRPro Insurance Advance Program. This program is an expansion of the existing MMRPro Stimulus Program launched in the first quarter of 2010 which rewards MMRPro users when their patients upgrade to the MyMedicalRecords Personal Health Record. 

The Insurance Advance Program is designed to help MMRPro healthcare professionals smooth out cash flow during their transition to achieving meaningful use. MMRPro users will be paid advances on the uncollected commercial third-party amounts they billed each preceding week to the extent permitted by federal and state laws and regulations. They must use an MMRGlobal approved Stage 1-Certified Meaningful Use practice management and billing system to be eligible to receive payments under the MMRPro Stimulus Insurance Advance Program. The program will be part of the Company's previously announced plans to offer one or more EMR products, which could include applications for iPad and PC-based platforms in addition to its MMRPro and MyMedicalRecords Personal Health Record products. 

"We recognize that converting an existing billing system to one that enables the practice to achieve meaningful use could affect a practice's cash flow, which could also affect the lifeblood of the practice," said Robert H. Lorsch, Chairman and CEO of MMRGlobal. "One of the largest problems doctors and hospitals face today is reimbursement for their services. Our goal is to assist doctors, hospitals and medical groups in maintaining control of their finances while transitioning to meaningful use at the same time healthcare reform is being implemented."

Additionally, MMRPro users and their patients continue to receive protection under MMRGlobal's million dollar Cyber Liability Insurance Policy, which, among other things, protects healthcare professionals using MMRPro defend themselves in the event of a violation of the expanded HIPAA regulations under the Health Information Technology for Economic and Clinical Health Act (HITECH). 

The underlying Cyber Liability policy is underwritten by an A-rated insurance company by A.M. Best to cover damages arising from the use and deployment of the Company's personal and professional health record products and services. The coverage extends to MMRGlobal's corporate clients that offer MMR's products and services as an employee benefit and to individuals who sign up to receive MMR's services over the Internet.

About MMRGlobal, Inc.

MMR Global, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), 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. MyMedicalRecords 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. The MyMedicalRecords Personal Health Record 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. MMR is also an integrated service provider on Google Health. To learn more about MMR Global, Inc. and its products, visit

Forward-Looking Statements

Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company'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," "help," "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 the Company's products and programs are not adopted or viewed favorably by the healthcare community; risks related to the current uncertainty and instability in financial and lending markets, including global economic uncertainties; variations in our quarterly operating results; timing and volume of sales and installations; length of sales cycles and the installation process; market acceptance of new product and program introductions; 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 and defending our intellectual property rights including those pertaining to our biotechnology assets; risks associated with recruitment and retention of key personnel; uncertainties associated with doing business internationally across borders and territories; and additional risks discussed in the Company's filings with the Securities and Exchange Commission. Additionally, we are a developing early-stage company and many variables can affect revenues and/or projections, including factors out of our control. The Company 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.

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