MediSolution's Expertise Acknowledged Once Again.MONTREAL -- The Regie de l'assurance maladie du Quebec acquires VIRTUO, an integrated financial management solution MediSolution (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :MSH MSH melanocyte-stimulating hormone. MSH abbr. melanocyte-stimulating hormone MSH, n See hormone, melanocyte-stimulating. MSH melanocyte-stimulating hormone. ) announced today that its MPlex Solutions division has been awarded a contract for the implementation of an integrated financial management solution at the Regie de l'assurance maladie du Quebec (RAMQ RAMQ Régie de l'Assurance Maladie du Québec ). This government agency, which manages the Act governing the Quebec Health Insurance Plan, will implement a system to manage and integrate financial, procurement and data warehousing See data warehouse. data warehousing - data warehouse applications. The value of this contract for MediSolution is approximately Can$215,000 for the first year of implementation. This contract factors in licenses, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and software support. The VIRTUO suite has been selected to manage RAMQ's financial applications including accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying and project costing. In doing this, the new application will be integrated with the VIRTUO procurement and inventory modules already installed at this public body. Implementation will be completed by April 2006. Renowned for its customizing capability, the VIRTUO suite will facilitate the decision-making process by meeting the needs of this government agency. By linking financial applications together, VIRTUO allows the decision-makers to efficiently access accurate data pertaining to their financial performance and increase efficiency. "The challenge was to acquire an integrated financial management solution that provided greater flexibility, worked on updated technology platforms, and enabled an improved flow of information between the Department of Budgets and Financial Resources and RAMQ's other administrative units. MediSolution's proven expertise and reputation in other government ministries and agencies (Regie des rentes du Quebec, Commission administrative des regimes de retraite et d'assurances, Direction generale des elections, etc.) have reinforced our decision to award this mandate to MediSolution," said Daniel Cloutier, CA, Director of Financial Resources at RAMQ. "This contract confirms MediSolution's position as a leading provider of financial procurement and business intelligence applications to the Quebec government. The mandate awarded by the RAMQ as well as those obtained recently from the Department of Justice and the Regie des rentes du Quebec serve as a showcase for other Quebec Government ministries or agencies that are looking to standardize their operations on a single provider of a feature rich and efficient resource planning Resource planning may refer to:
About Regie de l'assurance maladie du Quebec The Regie de l'assurance maladie du Quebec administers the Health Insurance Plan and the Public Prescription Drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, Insurance Plan. Both plans cover respectively 7.3 million and 3.2 million insured people. Administering these two plans entails a significant number of financial operations. The costs of the medical services, prescription drugs and pharmaceutical services represent 93% of the 5.7 billion dollars committed to the programs entrusted to the RAMQ. About MediSolution and MPlex Solutions MediSolution is a leading healthcare information technology company, providing software, solutions and services to healthcare customers across North America. More than 500 hospitals, home care facilities and other healthcare providers rely on MediSolution's systems to maximize their operational efficiencies, lower their costs, and improve the delivery of healthcare services. On the strength of the experience it has acquired over the past twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. in technology automation, MPlex Solutions sets itself apart chiefly in the service industry in Quebec, with more than 175 customers. Its customers are mainly found in the governmental, institutional and municipal sectors. The superior quality of the VIRTUO suite as well as the experience acquired by its permanent employees during implementation have positioned MPlex Solutions for the implementation of major ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. (Enterprise Resources Planning) projects in Quebec during the past years. www.mplexsolutions.com MediSolution is publicly traded (TSX: MSH), and has a staff of approximately 340 employees who operate from the Company's Montreal, Quebec headquarters and offices in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . For more information, visit www.medisolution.com. MediSolution Ltd. (TSX:MSH) |
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