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MMRGlobal to Launch Embedded MyMedicalRecords Personal Health Record to Consortium of Telemedicine Portals(May 31, 2012)
LOS ANGELES, CA -- (Marketwire) -- 05/31/12 -- MMRGlobal, Inc. (OTCBB: MMRF) ("MMR") today announced that it has entered into an amended services agreement with E-Mail Frequency (www.emailfrequency.com) to offer the Company's MyMedicalRecords Personal Health Record (PHR) products and services exclusively to a consortium of wholesale affinity and employee benefit Telemedicine Providers starting this July. The providers deliver services connecting patients to physicians online for consults and treatment from the privacy of their home or office. The agreement calls for E-mail Frequency to offer embedded PHRs to more than one million wholesale benefit recipients in the first year of service. E-mail Frequency clients already include AmeriDoc (www.ameridoc.com), a nationwide telemedicine service provider of 24/7 access to licensed physicians via telephone, video and secure e-mail, and National Benefit Builders, Inc. (www.nbbicard.com), an industry leader in marketing and distributing discount health, dental, vision and prescription drug networks headquartered in Florham Park, New Jersey with Regional Offices in New York, Texas, Florida, and elsewhere.
The American Medical Association Council on Medical Service recently issued a report emphasizing the importance and value of telemedicine services similar to those offered by the E-mail Frequency providers. The report also encourages reimbursement by private insurers for similar doctor on-call telemedicine services, which are currently covered under Medicaid in nearly half the country. As more employers and private insurers adopt similar policies, the market for this type of telemedicine services in the U.S. is expected to generate $3.6 billion in annual revenue over the next five years, according to a study by research firm Pike & Fischer.
David Loftus, CEO of E-mail Frequency, said, "It has taken over two years for E-Mail Frequency clients to understand what a Personal Health Record is, the importance of having one and why and when they need it. As a result, we are now embedding MyMedicalRecords in a bundled benefit offering surrounding telemedicine services on a wholesale level."
Because a Personal Health Record is the optimum way for a physician providing telemedicine services to document the history of a patient's visit and complete the continuum of patient care, MyMedicalRecords is uniquely positioned to benefit. MMR's patented Personal Health Record is the only PHR that allows patients to receive their records from any doctor or healthcare professional by fax, voice or file upload consistent with HIPAA guidelines in an easy to access image form. The affinity and employee benefit telemedicine program includes MyMedicalRecords as a fully integrated patient portal that enables employees and their family members to securely manage and maintain their Personal Health Record after a telemedicine visit or with any family member's existing medical records.
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.
David Loftus is a shareholder of MMRGlobal, Inc.
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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