Healthcare IT Market Estimated at $50 Billion: Double Digit Growth Anticipated.MONTREAL -- VisualMED Clinical Solutions Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VMCS VMCS Vehicle Management Control System ) intends to benefit from the worldwide growth in healthcare information technology, a market that has passed the $50 billion a year mark according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recently published article by Reuters (Governments fuel growth in $50 billion healthcare IT market, by Ben Hirschler, www.reuters.com). The article points out that with the new demand for clinical type solutions, industry executives expect this market to have double digits Double Digits was a pricing game on the American television game show, The Price Is Right. Played from April 20, 1973 through May 18, 1973's show, it was played for a car and used small prizes. growth for the foreseeable future. The big prize in the healthcare IT market lies in incorporating Information Technology to the act of treating patients, known as decision support. "The fact that decision support at point of care is beginning to have some traction is positive for VisualMED," says Gerard Dab, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of VisualMED. "It is time for the market to move beyond the old static computerization com·put·er·ize tr.v. com·put·er·ized, com·put·er·iz·ing, com·put·er·iz·es 1. To furnish with a computer or computer system. 2. To enter, process, or store (information) in a computer or system of computers. of administrative procedure and into patient care." The VisualMED Computerized Physician Order Entry module never fails to get excellent ratings from independent agencies such as The Leapfrog Group. The VisualMED clinical management and decision support software have been rated at the top of the industry by these leading analysts in terms of the high-level functionality of its CPOE CPOE Computerized Physician Order Entry CPOE Computerized Provider Order Entry CPOE Computerized Prescriber Order Entry module. Hospitals are severely lagging in IT spending and need to boost budgets in order to catch up. According to the Reuters article, IT expenditure constitutes no more than 2.2% of healthcare budgets. By comparison, it should be noted that other key industrial sectors typically spend more than 10% of their budgets on information technology. If pressure continues to mount from governments and the public, hospitals will have no choice to continue increasing their budgets to modernize, including more spending for computerized solutions in the coming years. About the Company and its products VisualMED Clinical Solutions Corp. is a leading provider of clinical informatics Clinical Informatics is a sub-field of medical informatics. It focuses on computer applications that address medical data (collection, analysis, representation). Clinical informatics is a combination of information science, computer science, and clinical science designed to assist solutions that help hospitals and healthcare authorities reduce medication errors, increase personnel efficiency and bring down operating costs. One of its key components, Computerized Physician Order Entry (CPOE), is a core solution in the new agenda to promote greater patient safety and reduce the morbidity and mortality Morbidity and Mortality can refer to:
Detailed information on our company and its products is available on our web site at www.visualmedsolutions.com. Forward-Looking Statements Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results. |
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