MedcomSoft Inc. (TSX: MSF) (“MedcomSoft” or “the Company”) has been selected by the Maryland Health Care Commission (“MHCC”) to participate in the Maryland Electronic Health Record (EHR) adoption acceleration program. The MHCC is an independent state regulatory agency that is committed to advancing the adoption and utilization of health information technology to improve the quality, safety, and efficiency of health care delivery. The MHCC, in collaboration with the Maryland and DC Medical Societies, received the first flagship award from the Centers for Medicare & Medicaid (“CMS”) for the upcoming EHR Demonstration project. MHCC selected participants from a group of 2007 Certification Commission for Healthcare Information Technology (“CCHIT”) EHR providers who completed a stringent evaluation process.
“MedcomSoft is honored to be among the selected vendors for this groundbreaking initiative for EHR adoption,” states Rob Wilson, chief executive officer of MedcomSoft. “Since MedcomSoft earned the 2007 CCHIT certification, we were in consideration for the MHCC select vendor initiative and one of 23 chosen from the 44 CCHIT certified vendors.”
The Maryland EHR adoption acceleration program is in conjunction with the announcement by Centers for Medicare & Medicaid Services for 12 community partners to begin this demonstration. The Maryland/DC collaborative is one of the four communities in Phase One for implementation including: Louisiana; Pittsburgh, PA (and surrounding counties); and South Dakota (and surrounding counties in Iowa, Minnesota, and North Dakota). The EHR demonstration will be operational for a 5-year period. The first operational year of the demonstration will provide payments to participating practices based on CCHIT-certified EHR functionalities used to manage the care of patients, with higher payment for more sophisticated healthcare information technology use (e.g., use of the EHR to facilitate care management activities, sharing of records among providers of care, etc.). MHCC will provide comprehensive information to medical organizations, associations, facilities, and physician practices to promote the program and assist physicians in the transition to EHRs.
Founded in 1994, MedcomSoft Inc. develops cutting-edge software solutions for the healthcare industry. MedcomSoft has pioneered the use of numerically codified point-of-care clinical terminologies to create a new generation of highly interoperable EMRs, which significantly enhance disease surveillance and accelerate clinical research. MedcomSoft’s award-winning software applications include Electronic Medical Records, physician order entry systems with e-prescribing, document management, practice management and clinical data search, data mining, and disease surveillance systems. MedcomSoft is the recipient of the "Best of KLAS" award in 2007 year-end report in the Ambulatory EMR 1-5 Physicians category. In addition, a MedcomSoft practice was recently awarded the prestigious 2007 HIMSS Davies Award. www.medcomsoft.com
This news release contains forward-looking statements regarding MedcomSoft's expectations and beliefs with respect to future events and/or financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual events or results to differ materially from those expressed or implied in such forward looking statements. Such factors and risks include, but are not limited to: market conditions; competition, including price and product functionality; economic environment; and the ability to develop and deliver new products in a timely manner. The reader is referred to the documents that the Company files from time to time with applicable Canadian securities and regulatory authorities for a discussion on certain risks and uncertainties that could cause actual results to differ from those projected, anticipated, or implied. MedcomSoft does not undertake to update forward-looking statements.