Crown Medical Systems Inc. Announces the First Installation of the Crown Medical Total EMR/PM Software Solution.Business Editors/Health/Medical Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 2, 2004 Crown Medical Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CWMS CWMS Corps Water Management System (US Army Corps of Engineers) CWMS Charlotte Wood Middle School CWMS Community Wastewater Management Systems (Australia; formerly Septic Tank Effluent Disposal Scheme) ) announced today that the company is currently installing its total solution for EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. (Electronic Medical Records), PM (Practice Management), privacy and security at a Tucson, Arizona pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. clinic. Physicians, clinics and hospitals that choose the Crown Medical Systems total solution will enhance their abilities to become HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, (Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when ) compliant, and immediately stabilize and improve their medical facility revenue. William Sklar, president of Crown Medical, stated, "With the recent acquisition of MD PaperFree, I am extremely pleased to officially launch our total solution that offers the physician, clinic and hospital peace of mind as it pertains to them becoming HIPAA compliant, while realizing increased revenues. I am also very proud of the Crown Medical personnel for their relentless efforts and assistance in helping the company achieve this milestone." The company is in the process of completing the development of a field sales division that will work directly with a network of medical product distributors and agency sales representatives across the country. Targeted distributors are those organizations that are resellers of software and hardware solutions to physicians. These channel distributors will primarily focus on the large opportunity of targeting the smaller physician offices. About Crown Medical Systems Inc. Crown Medical Systems Inc. offers a total patient information privacy and security solution within the physician office, clinic and hospital. This solution includes secure computer servers and portables, encrypted Internet and wireless technology, Electronic Medical Record, Practice Management and Patient Billing software, installation, training, a help desk and technical support. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Crown Medical Systems, Inc. has little or no control. |
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