MedcomSoft Inks First Large Sale and Distribution Agreements in the USA.TORONTO--(BUSINESS WIRE)--Aug. 30, 1999-- MedcomSoft Inc. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. :MDCM MDCM School of Media and Communications (School at University of New South Wales, Australia) MDCM Medicinae Doctorem et Chirurgiae Magistrum (Latin: Doctor of Medicine and Master of Surgery) .), a provider of web integrated healthcare information systems announced today that SofTech Medical Services Inc., a subsidiary of Western New York's largest healthcare network, has entered into a definitive agreement to purchase multiple licenses of MedcomSoft's US electronic patient medical record software product -- EPMR EPMR External Programme and Management Review EPMR Embarked Personnel Material Report EPMR Echo Planar Magnetic Resonance 2000, formerly known as MedWorks in the Canadian market. The initial committed order under this agreement is valued at USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $250,000. In addition, SofTech has entered into a separate agreement to distribute MedcomSoft's products, and more specifically the EPMR2000 suite to other physician group practices, networks and health maintenance organizations across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Bill Cornelius, Vice President, Sales and Marketing of MedcomSoft's US subsidiary states: "We are very excited with this multi-faceted relationship with SofTech as a first step in our a recently initiated expansion into the US market. Being chosen as the solution provider for a company the caliber of SofTech is tangible evidence of the superiority of our products and the potential of our international distribution strategy. MedcomSoft's EPMR2000 is a solid product that will revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the way physicians use computers and exchange medical information. EPMR 2000 will help improve patient care, monitor outcomes and solve many documentation and compliance issues currently plaguing the healthcare industry." Mike Connolly Mike Connolly (1914 - November 18, 1966) was an American magazine reporter and primarily a Hollywood columnist. A Chicago native, Connolly attended the University of Illinois at Urbana-Champaign and was the Daily Illini's city editor in 1937 and 1938. , President of SofTech states: "SofTech has evaluated many systems over the past six years. No other system has shown the ability to offer a usable electronic medical record. MedcomSoft's EPMR2000 is a unique product that combines ease of use with all the tools vital for physician acceptance. Its seamlessly integrated medical nomenclature nomenclature /no·men·cla·ture/ (no´men-kla?cher) a classified system of names, as of anatomical structures, organisms, etc. binomial nomenclature offers the first hope for structured collection of clinical information necessary for patient care and research. It is of no-coincidence that this product was developed by a physician for physicians." "The MedcomSoft EPMR2000 product will enable our clients with many options to improve their patient care and increase their practice revenue. We believe we will be offering the first true web enabled electronic medical record product. The seamless sharing of clinical data via Internet accessible records will help physicians communicate efficiently with each other, their patients and their managed care organizations." SofTech, a subsidiary of Western New York's largest healthcare network, is a Physician Management Services Organization management services organization Physician practice management company Medical practice An organization contracted by a health care provider/supplier to furnish administrative, clerical, and claims processing functions of the provider/supplier's practice. . SofTech provides management, billing and information systems to hundreds of physicians, medical groups and hospital departments. MedcomSoft is a public company traded on the Canadian Dealing Network under the symbol "MDCM" (Issued & Outstanding 17,882,883). MedcomSoft products are pioneering the use of intelligent data entry systems and the Internet to improve the collection and dissemination dissemination Medtalk The spread of a pernicious process–eg, CA, acute infection Oncology Metastasis, see there of healthcare information, simplify workflows, improve the delivery and quality of patient care, and decrease costs throughout the healthcare industry. The MedcomSoft platform was developed to facilitate the business transactions and the exchange of information between the different players in the healthcare industry that include: providers, suppliers, insurers and payors. By leveraging the Internet infrastructure, MedcomSoft is capable of rapidly deploying unique Virtual Healthcare Information Networks "VHINs" that will support the capture, the aggregation and the secure communication of multi-media electronic patient records. MedcomSoft Inc. can be contacted at 416/443-8788 or on the World Wide Web at http://www.medcomsoft.com. |
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