QHR Technologies Inc.
TSX VENTURE : QHR

QHR Technologies Inc.

December 01, 2010 05:00 ET

QHR EMR Division Accuro® EMR Becomes Funding Eligible in Ontario

KELOWNA, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2010) - QHR Technologies Inc. (TSX VENTURE:QHR) ("QHR" or the "Company") a leader in the Canadian Healthcare Information Technology sector, reports that its EMR division, Optimed Software Corporation ("Optimed") has successfully passed validation testing for OntarioMD's CMS 3.0 specification with its Accuro® EMR software. Accuro EMR is now a funding eligible EMR offering within the province of Ontario. 

Credit Valley Family Health Team (FHT) in Mississauga, Ontario switched to Accuro EMR in May of 2010, an upgrade from their CLINICARE Corporation software that QHR acquired in December of 2009. "Bottom line is that we've had a great experience so far, a bit uncommon for these types of purchases and transitions. We don't have any regrets, in fact, quite the opposite. The software just worked." said Louise Smith, Executive Director Credit Valley FHT.

With conformance status in Saskatchewan, Manitoba and Ontario, eligibility for BC's PITO Alternative Specialist Funding Program, the most EMR physicians of any vendor in Alberta, and a presence in Nova Scotia, the Yukon and a number of US states, Optimed is emerging as Canada's leading national EMR vendor.

"Accuro EMR becoming a funding eligible offering in Ontario is a major milestone in our efforts to enhance patient care and physician productivity across Canada" said Al Hildebrandt, CEO of QHR and President of Optimed who added, "On November 1, 2010 we announced that already in 2010 we had successfully installed 500 physicians on Accuro EMR. Optimed's ability to implement at small and large sites in Ontario is key to successful conversions from Clinicare sites to Accuro and also to add new physicians in Ontario, some of which may be funded under Ontario's EMR funding program."

Optimed was the first approved vendor in Manitoba as of June 2009 and subsequently won contracts with the Winnipeg Regional Health Authority (WRHA) for an estimated 254 physicians within the WRHA's regionally operated clinics and another 230 physicians within their ambulatory clinics.

Additionally, Optimed is one of four approved EMR vendors in Saskatchewan, where it was the first to reach the "Approved Vendor" status as of September 2009.

BC's PITO announced the Alternative Specialist Funding Program for EMR adoption in June 2010, for which Accuro EMR is eligible. Since the announcement, approximately 65 BC physicians have selected Accuro EMR, a strong indication that Optimed is the EMR of choice for BC's specialist physicians.

About QHR Technologies Inc.

QHR operates two business units in distinct markets:

The Electronic Medical Records ("EMR") division offers a suite of medical software modules that provides computer-based medical records for family physicians, medical specialists, and surgeons, as well as administrative modules for billing and patient scheduling, that is a key component of the move throughout Canada to provide electronic healthcare records for all Canadians. The EMR division also provides on-site and off-site (ASP) hosting capabilities.

The Enterprise Management Software ("EMS") division specializes in workforce management software, which consists of integrated payroll, staff scheduling and human resource software, and in customized financial management software built on the Microsoft Dynamics GP platform. These products are targeted at complex healthcare and social services environments.

Legal Notice Regarding Forward Looking Statements

This news release may contain "forward looking statements" within the meaning of applicable Canadian securities legislation. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statement. Forward looking statements in this press release may include that profitability of the Company should continue to improve; that we can add new revenues at low marginal costs; that the Company's industry will grow in coming years; that spending in the industry are stable; that trends of the medical industry include interoperable systems and cost control, and the Company is well situated to assist in these endeavours; Risks that may prevent or delay the forward looking statements from coming to fruition include that we may not offer products that are acceptable to industry regulators or customers; competitors may offer better or cheaper products; we may not be able to raise sufficient capital to improve products to remain competitive; changing regulatory requirements may prevent our products from being sold as expected; we may not be able to attract or retain key personnel; our technology may become obsolete; and market factors may increase our costs more than expected. QHR is a technology business development enterprise where investment and product enhancements must be carefully managed to achieve long-term revenue growth and profitability. It is our policy not to update forward looking statements. Further information on the Company is available at www.sedar.com or at the Company's website, www.QHRtechnologies.com.

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