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AARP Launch of PHR Gives Boost to Personal Health Records Industry and MyMedicalRecords(June 06, 2012)
LOS ANGELES, CA -- (Marketwire) -- 06/06/12 -- Bob Lorsch, Chairman and CEO of MMRGlobal, Inc. (OTCBB: MMRF) ("MMR"), today stated that AARP's launch of a Personal Health Record (PHR) is the most important measure of credibility to date for the PHR industry. MMR is a leading provider of patented Personal Health Record technologies through its secure Internet portals and believes it will benefit from this announcement as a result of increased consumer awareness of PHRs and licensing services to other health information technology companies. MMRGlobal also provides healthcare professionals an integrated patient portal through its MMRPro electronic document management and imaging system. The Company believes that the AARP Health Record(SM) will open the door to wider adoption of PHRs by the general public and usage in patient care by healthcare providers.
Jointly announced yesterday by AARP and Microsoft Corp., AARP Health Record connects with Microsoft® HealthVault® to help people better manage their health. MMR already has an agreement in place with Microsoft® HealthVault® to integrate its services with their platform as a HealthVault® Solution Provider. The Company believes that the announcement adds credibility to industry projections on the growth of PHRs and that ultimately this growth could accelerate industry consolidation.
According to Bob Lorsch, "Our products and services are protected by a suite of patents issued, pending and applied for covering MMR's technologies that enable individuals to receive health information, including copies of actual medical records, medical images, lab reports and confidential voice messages, into their secure online PHR account from all their healthcare providers via an integrated Internet/fax/voice mail platform. With MyMedicalRecords PHR, patients can also add handwritten notes and take advantage of an easy-to-use file management system. The system works with any EMR platform and whether or not a provider has implemented an EMR. MMR's patent portfolio also includes tools for accessing medical information in the event of an emergency."
A Personal Health Record allows individuals and family members to have greater control over their health and well-being by enabling them to store all their personal health information in one secure online location and access, manage and share it with their doctors or caregivers whenever and wherever needed. This leads to greater coordination of care resulting in fewer preventable medical errors and reduced healthcare costs by eliminating unnecessary duplicate testing.
The AARP Health Record announcement also calls attention to insurance carriers, employers and other benefit organizations offering PHRs as part of their services and the importance for individuals and family members to have a Personal Health Record in the event of an emergency. The MyMedicalRecords PHR includes a "MyEsafeDepositBox" which is designed to store other important documents and images, such as copies of insurance policies, advance directives, wills, and powers-of-attorney, and also a proprietary Physician Emergency Login through which medical personnel can access potentially life-saving information in an emergency or disaster situation where the member is unable to communicate or is far from home.
To take advantage of today's opportunities in healthcare IT, MMRGlobal continues to work with strategic partners whose interests are aligned with the Company's. These include Chartis International Insurance (formerly AIG), Alcatel-Lucent, ng Connect, 4medica, Interbit Data, MedicAlert®, Regent Surgical Health, Vida Senior Resource and affiliated home healthcare agencies, VisiInc in Australia, Unis-Tonghe in China, UST Global®, as well as independent pharmacies, pharmacy chains and other retailers, visiting nurses, caregivers, patient advocates, in-home sales affiliates, hospitals and medical supply companies. As part of its sales strategy, MMRGlobal is in the process of creating a national manufacturers representative network that will focus on selling Prepaid Personal Health Record cards at retail to the larger chains and mass merchandisers.
About MMRGlobal, Inc.
MMRGlobal, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, financial institutions, and professional organizations and affinity groups. The MyMedicalRecords PHR enables individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet. MyMedicalRecords is built on proprietary, patented technologies to allow documents, images and voicemail messages to be transmitted and stored in the system using a variety of methods, including fax, phone, or file upload without relying on any specific electronic medical record platform to populate a user's account. The Company's professional offering, MMRPro, is designed to give physicians' offices an easy and cost-effective solution to digitizing paper-based medical records and sharing them with patients in real time through an integrated patient portal. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. Through its merger with Favrille, Inc. in January 2009, the Company acquired intellectual property biotech assets that include anti-CD20 antibodies and data and samples from its FavId/Specifid vaccine clinical trials for the treatment of B-Cell Non-Hodgkin's lymphoma. To learn more about MMRGlobal, Inc. visit www.mmrglobal.com. View demos and video tutorials of the Company's products and services at www.mmrtheater.com.
All statements in this press release that are not strictly historical in nature, including future performance, management's expectations, beliefs, intentions, estimates or projections, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. Some can be identified by the use of words (and their derivations) such as "need," "possibility," "intend," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and "continue," or the negative of these words. Actual results and the timing of selected events may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Such statements are subject to various risks and uncertainties, including but not limited to those discussed or incorporated by reference herein. Factors that could cause or contribute to such differences include, but are not limited to, the risk the Company's products are not adopted or viewed favorably by the healthcare community and consumer retail market; business prospects, results of operations or financial condition; success of new distribution channels and personal health records adoption; timing and volume of sales and installations; length of sales cycles and the installation process; market acceptance of new product introductions; ability to establish and maintain strategic relationships; relationships with licensees; competitive product offerings and promotions; changes in government laws and regulations and future changes in tax legislation and initiatives in the healthcare industry; undetected errors in our products; possibility of interruption at our data centers; risks related to third party vendors; risks related to obtaining and integrating third-party licensed technology; risks related to a security breach by third parties; maintaining, developing and defending our intellectual property rights; marketing and exploitation of our patent portfolio both in the U.S. and internationally; and additional risks discussed in the Company's filings with the Securities and Exchange Commission. The Company is providing this information as of the date of this release and, except as required by law, does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
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