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MMRGlobal Signs Reseller Agreements With Patient-Advocate.com and Premier Health Advocates Under Rapid Revenue Program(May 14, 2012)
LOS ANGELES, CA -- (Marketwire) -- 05/14/12 -- MMRGlobal, Inc. (OTCBB: MMRF) ("MMR"), today announced that it had signed reseller agreements with two nationally known Patient Advocate Organizations: Premier Health Advocates and Patient-Advocate.com. The reseller agreements are already generating revenue from sales of the Company's MyMedicalRecords Personal Health Record (PHR) under its recently announced Rapid Revenue Program. The agreements follow the Company's recent entrance into the Patient Advocate, Home Health and Senior Care channels following its participation at the Visiting Nurse Associations of America Annual Meeting in Phoenix earlier this month.
Within days of signing of the reseller agreements, the Company began generating immediate revenue from patients signed up by the resellers at $99.95 per year. MMR also disclosed that patients signed up for a MyMedicalRecords PHR account under the Patient Advocate reseller program used the product much more than those who enroll directly online or through employee benefit and affinity membership programs. While MMR does not have access to any health information in the PHRs, it can see the amount of storage used by these accounts is ten times higher than for other patients, noting hundreds of records being faxed into accounts during the set-up period alone. The Company also noted that these results continue to validate its paid subscription model and demonstrate that once a patient gets involved in using an account it tends to become an integral part of their lifestyle.
"I am planning on making the MyMedicalRecords PHR mandatory for my patients so that I can have access to their information when I need it," said Kitty Wilde, R.N., CEO of Patient-Advocate.com. "What I tell my patients is that it is essential to have your records in one place when you are seeing different doctors because the doctors can't access all your important health information otherwise."
"Over 100,000 people have compromised health management and die every year by not having emergency information and health records available 24/7," said Marilyn Bradfield, President and CEO of Premier Health Advocates. "When I met with MMRGlobal, I knew that I had found the missing link with their MyMedicalRecords PHR."
Ms. Wilde also cited an example of a daughter who was climbing Mt. Kilimanjaro in Africa when she received an email alert from MyMedicalRecords saying that a record had been added to her parents' PHR. "She called wanting to make sure everything was okay, and it was. That shows the power of the product and being able to stay connected from anywhere in the world, and allowed her to continue her climb without worry."
Ms. Bradfield has been a Medical Advisor on television series and movies including St. Elsewhere, Mask and Life Goes On in addition to her career as a nurse and patient advocate. "I am passionate that everyone should have an opportunity to be proactive in his or her health and wellness and I see the MyMedicalRecords PHR as facilitating that," she said.
The two organizations are amongst the first to distribute the MyMedicalRecords PHR to their patients, while also working with the Company to bring the product into other healthcare channels through their relationships with physicians, concierge practices, hospitals and ambulance services, including air ambulances.
MMRGlobal is a leading provider of Personal Health Records and electronic document management and imaging systems for healthcare professionals. The Rapid Revenue Program includes the following channels: independent pharmacies, pharmacy chains and other mass merchandisers, visiting nurses, caregivers, patient advocates, in-home sales affiliates, hospitals and medical supply companies.
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.
Any statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements, and some can be identified by the use of words (and their derivations) such as "need," "possibility," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," "help" and "continue," or the negative of such terms and other comparable terminology. MMRGlobal, Inc. disclaims any intent or obligation to revise or update any forward-looking statements. These forward-looking statements are based on MMRGlobal, Inc.'s reasonable expectations as of the date of this press release and are subject to risks and uncertainties that could cause actual results to differ materially from current expectations. The information discussed in this release is subject to various risks and uncertainties related but not limited to changes in MMRGlobal, Inc.'s business prospects, its results of operations or financial condition, current uncertainty and instability in financial and lending markets including global economic uncertainties, the risk the Company's products are not adopted or viewed favorably by the healthcare community, the ability to establish and maintain strategic relationships, competitive product offerings and promotions, timing and sales installation, government regulation and changes in healthcare initiatives, and such other risks and uncertainties as detailed from time to time in MMRGlobal, Inc.'s public filings with the U.S. Securities and Exchange Commission.
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