ZoomMed inc.

TSX VENTURE : ZMD


ZoomMed inc.

February 17, 2014 12:06 ET

ZoomMed Signs an Agreement with Desjardins Insurance, the First Insurer in Canada to Work with an Electronic Prescriber

MONTREAL, QUEBEC--(Marketwired - Feb. 17, 2014) - ZoomMed Inc. (TSX VENTURE:ZMD) (the "Company" or "ZoomMed") is pleased to announce that it has signed an agreement with Desjardins Insurance for the development and operation of a project focusing for a web-based solution to integrate selected insurance plan information into the ZRx Prescriber to provide physician users with information while they are entering prescriptions on their PC, tablet or smartphone.

"This agreement is another significant stride in the right direction for the company and its shareholders, adding a new major stakeholder of the healthcare sector to ZoomMed's communication network. We are very proud to partner with such a prestigious organization as Desjardins Insurance", said Yves Marmet, President and CEO of ZoomMed.

''Through this project, we intend to improve our plan members' client experience and help them save money with more cost-effective treatment options, 60- to 90-day prescription refills and by providing their physicians with their insurance plan information. This innovative approach will also reduce the risk of errors and speed up the prior authorization process,'' said Nathalie Laporte, Vice-President of Product Development and Marketing for Group and Business Insurance at Desjardins Insurance.

About ZoomMed

The Company builds and operates "ZoomMed's communication network", a clinical information exchange platform between physicians and the various other stakeholders of the healthcare sector, such as pharmacists, specialists, pharmaceutical corporations and private insurers.

The cornerstone of this network is ZoomMed's "ZRx Prescriber", a technological innovative Web application that greatly simplifies the writing of a prescription for the physician. Since it is a stand-alone product, it can easily be integrated to any Electronic Medical Record application (EMR).

The Company also offers "PraxisLab", a new cloud based pharmacy management software that enhances all aspects of the prescription filling process and the complete pharmacy patient file management.

About Desjardins Insurance

Desjardins Insurance has developed effective drug cost management strategies to help boost business profitability and maintain plan viability, while ensuring employees stay healthy. Desjardins Insurance has been offering a wide range of life and health insurance and retirement savings products to individuals, groups and businesses for more than a century. As one of Canada's largest life insurers, they oversee the financial security of over five million Canadians from offices across the country. Desjardins Insurance is part of Desjardins Group, the country's leading cooperative financial group.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.

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