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MMRGlobal and MyMedicalRecords Benefit From Supreme Court Ruling(June 29, 2012)
LOS ANGELES, CA -- (Marketwire) -- 06/29/12 -- MMRGlobal, Inc. (OTCBB: MMRF) ("MMR"), a leading provider of Personal Health Records (PHRs) through its MyMedicalRecords.com and MMRPro document management and imaging systems, believes the Company will benefit from the U.S. Supreme Court's decision upholding the major elements of the 2010 Affordable Care Act ("ACA"). MMR has issued, pending and applied for hundreds of health IT patents which combine an integrated communications platform to enable easy online access to patient medical records that are expected to increase revenue of the publicly traded Company from the momentum in health IT and money flowing into the healthcare system.
Though separate from the HITECH Act, the Supreme Court's ruling to uphold healthcare reform is a shot in the arm for the health IT industry and MMR. One of the biggest challenges for the Company has been getting consumers to understand the importance of having and maintaining a Personal Health Record. MyMedicalRecords enables patients to have all of their family's medical records (including their pets) in one consolidated place where they can be accessed and shared wherever and whenever needed, especially in an emergency.
According to Robert H. Lorsch, Chairman and CEO of MMRGlobal, "The Supreme Court hearings and now yesterday's ruling brought the subject of healthcare front and center to the American people. More than 32 million additional individuals will soon be able to obtain health insurance yet with that comes the need for greater responsibility for improving their health and controlling the costs of their care. The best way to make patients part of that process is through the use of a Personal Health Record. With health reform now moving forward more directly, we believe we will see increased demand for both our consumer-controlled Personal Health Record and the MMRPatientView portal integrated with MMRPro and physician EMR systems. First HITECH and now healthcare reform are two big reasons why MMRGlobal is in a category of investment worth looking at right now."
Although separate from incentives in the HITECH Act, the Affordable Care Act also rewards providers for successful patient outcomes while employees participating in certain employer wellness programs are also rewarded with cash and other incentives. However, these types of patient outcomes and rewards can only happen if patients are actively part of the care process through the use of a Personal Health Record to monitor the results of lifestyle changes they are making.
The MyMedicalRecords PHR helps patients to do just that. MMR offers one of the most comprehensive tools to maintain a patient's medical records and manage their health whoever the doctor or hospital is providing the care.
The Company's products and services serve as a passport throughout the healthcare system so that patients can have secure and easy online access to their medical records anytime and wherever needed regardless of the system creating the records on the other end by a physician or hospital, which makes potentially life-saving information available throughout the healthcare system in an emergency.
"MMR is evolving into one of the leading innovative and pure play Personal Health Record companies in the healthcare industry, offering unique technologies for online Personal Health Records and other document management and imaging solutions such as its MMRPro systems for doctors' offices and hospitals," Lorsch added. "HITECH's meaningful use regulations require that by 2014 physicians are able to provide 90% of patients connected to Electronic Medical Record systems online access to their personal health information, and the pool of patients just became an ocean. MMR expects momentum as a result of regulations and legislation that mandates the adoption of computerized medical records by 2014."
All MyMedicalRecords accounts cover a family of 10 including pets and feature a "MyEsafeDepositBox" at no additional cost. This enables users to securely store medical records and other important documents such as copies of insurance policies, advance directives, wills, birth certificates, passports and more, which could assist in the recovery of property and re-establish identities in the event of a natural or man-made disaster.
About MMRGlobal, Inc.
MMRGlobal, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), 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. 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. and its products, visit www.mmrglobal.com.
Statements in this press release that are not strictly historical in nature, whether or not such statement relates directly to the Affordable Care Act and to the Company's 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," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," "intend" and "continue," or the negative of these words. Factors that could cause or contribute to such differences include, but are not limited to, the prosecution of our patents; licensing, defending, protecting and maximizing the value of our biotechnology and health information technology intellectual property; the risk the Company's products are not adopted or viewed favorably by the healthcare community and retail market; business prospects, results of operations or financial condition; risks related to the current uncertainty and instability in financial and lending markets, including global economic uncertainties; timing and volume of sales and installations; length of sales cycles and the installation process; timing of new program launches; 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; acceptance of the Company's marketing and promotional campaigns; risks related to a security breach by third parties; litigation matters; risks associated with recruitment and retention of key personnel; uncertainties associated with doing business internationally across borders and territories; 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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