Electronic medical records
VisualMED EHR to be deployed over Internet
MONTREAL – VisualMED Clinical
Solutions Corp. announced that the VisualMED Electronic Health Record
will be deployed in a subscriber user format over the Web for the
According to the company, distribution will be handled by a new joint
venture partnership between licensee Medical.MD, of Montreal, and a
group of associates that includes an advertising agency and a leading
provider of information technology.
The agreement calls for the VisualMED to receive a one-time license fee
of $1.5 million, in addition to a royalty stream equal to 15% of the
overall revenues of Medical.MD.
This joint venture has begun to negotiate with some of the larger
corporate employers for group subscriptions to its subscriber-based
personal health record that will be marketed to the general public as
well. These corporations are already involved in managing healthcare for
their employees, and the provision of a subscriber-based electronic
medical record will contribute to the optimization of access to care.
“Early corporate interest indicates that we may have as many as 800,000
corporate subscriptions by the end of year one,” said Chairman Gerard
Dab. “At $40 per subscription, our 15% royalty stream will be a
significant revenue source that complements our other business
Subscribers will have fully secure, immediate access to their full
personal medical record from anywhere in the world, and will be able to
independently manage their personal health record. Medical.MD will be
providing the same medical technology currently in use in “paperless”
hospitals in the United States and Canada.
About Medical.MD Inc.
Medical.MD provides web-based technology that allows subscribers to
monitor their own patient record and care procedures. State of the art
clinical information system software allows anyone to access key
information critical to their own care, and provide a full range of
medical information for any condition and available treatments, which
when used alone or in conjunction with a physician, can dramatically
increase the chances for positive health outcomes, and lead to a better
VisualMED Clinical Solutions Corp. markets and distributes clinical
management solutions that help hospitals and healthcare authorities
reduce medication errors, increase personnel efficiency and bring down
operating costs. One of its key decision support components is a core
solution in the new agenda to promote greater patient safety and reduce
risks due to medication errors. Additional information is available at