KELOWNA,
BC, June 2, 2016 /CNW/
- (TSX-V: QHR) QHR Corporation ("QHR" or the
"Company"), a leader in the Healthcare Information
Technology sector, is pleased to announce that it has acquired
ownership of the Canadian rights to PatientPrep from TrueVation
Technologies Inc. The purchase price is $500,000 paid in two parts, the first of which
$380,000 will be paid at closing and
the balance of $120,000 will be paid
over a twelve-month period during which the PatientPrep product
will be enhanced by further development.
The structure of the deal grants exclusive
Canadian ownership of PatientPrep to QHR. TrueVation will continue
to own and market the product in other countries, including
the United States.
"This acquisition is aligned with our strategy of
acquiring technology that adds value to our customers. What
PatientPrep brings to current QHR customers is direct time savings
through workflow efficiencies. With this offering now under
QHR it can be offered through both our Accuro and Medeo product
lines," says Mike Checkley,
President and CEO of QHR Corporation.
PatientPrep is a product used by healthcare
providers to collect specific health condition information from
patients as they are waiting to see the provider. The product is
designed to run on a tablet and contains clinical templates (there
are currently 118 templates) that allow the patient to communicate
their symptoms and status of their chronic conditions, which are
then summarized to the physician just before the visit, saving the
provider and patient time while improving documentation in the
Electronic Medical Record.
Dr. Ryan Sander,
Chief Medical Officer and co-founder of TrueVation Technologies,
noted that "as a doctor, and long-time user of Accuro EMR, I am
very confident in the benefits and fit of the 2 products together.
I am already using PatientPrep in my practice and saving an average
3 minutes on every patient visit by spending less time on the
background information and documentation, allowing me to spend more
time on the treatment discussions."
About QHR Corporation
QHR is a leader in Healthcare Technology,
empowering providers and connecting patients. With a 12-year
track record offering what is now the single leading Electronic
Medical Records platform in Canada, QHR has a suite of complementary
offerings that empower health professionals and drive growth. QHR's
technologies and services enable secure medical records management
for clinical environments, empowering health providers with tools
for virtual care, including secure video and messaging, as well as
tools for clinic management including scheduling, billing, and
patient management. Health providers choose QHR to drive
efficiencies within their practice and improve the quality of care
delivered to patients.
About TrueVation Technologies
TrueVation is a health technology company focused
on developing innovative solutions to enhance the delivery of
healthcare services. The company's flagship platform, PatientPrep,
improves physician productivity and patient satisfaction by
collecting and documenting condition specific medical information
prior to the appointment. The company is an alumni of New York City's Blueprint Health Accelerator
and is actively marketing PatientPrep across Canada and the
United States. For more information, visit
www.TrueVation.com.
On behalf of the Board of Directors
Mike Checkley,
President & CEO
Legal Notice Regarding Forward Looking
Statements
This news release may contain "forward looking
statements" within the meaning of applicable Canadian securities
legislation. These statements are subject to risks that may cause
the actual results to be materially different in future periods
from those expressed or implied by such forward looking
statement. Forward-looking statements in this news release
include those concerning the Company's belief that it is
strengthening its position as the leading EMR provider in
Canada, and that it can continue
to expand its leadership position through organic sales growth and
complementary acquisitions and partnerships. Risks that may
prevent or delay the forward looking statements from coming to
fruition include the possibility that the Company may not offer
products that are acceptable to industry regulators or customers;
competition, the availability of capital, changing regulatory
requirements, the Company's ability to attract and retain key
personnel, product obsolescence, work flow and market factors that
could increase costs more than expected. QHR is a technology
business development enterprise where investment and product
enhancements must be carefully managed to achieve long-term revenue
growth and profitability. It is the Company's policy not to update
forward looking statements except to the extent required under
applicable securities laws. Further information on the Company is
available at www.sedar.com or at the Company's
website, www.QHRtechnologies.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE QHR Corporation