Visual Healthcare Corporation (VSHC)

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Permalink Reply by MISAEL DIAZ on May 18, 2011 at 6:08pm

Increased Demand for Visual Healthcare ADE Prevention Platform 

Visual Healthcare Cp (USOTC:VSHC) 
Intraday Stock Chart 
Today : Wednesday 18 May 2011 
Visual Healthcare Corp. (the "Company") (NASDAQ OTC: VSHC) announces its decision to start selling a stand alone version of its powerful adverse drug event prevention technology to medical facilities and hospitals. The company is rolling out this new focused version as a direct response to the Obama administration 1 billion dollar patient-safety program aimed at reducing preventable medical errors. 

The stand alone version, still running on an Oracle (ORCL) data base, will be installed in a matter of weeks and operational immediately as it requires minimal training for clinicians. The resulting cost savings are passed on to the hospital which can then recoup its investment in less than a year. Adverse drug events represent a serious financial concern as they cost an average of some $7,000 per case, adding up to an annual burden in the millions. 

"We will be signing deals in the next 30 days which could have an impact as early as the current quarter," says Chairman Gerard Dab. "Pressure from the White House is having a strong impact on the marketplace. Early adopters seeking to move ahead will be signing some 20 deals having a value of more than 15M in the next 12 months. Subsequently as budgets increase, growth of this product line will continue to be exponential," concludes Mr. Dab. 

This watershed program follows the publishing of a study showing that one in three patients admitted to hospitals suffers a medical error or accident. Through this program, President Obama is challenging hospitals to dramatically cut mistakes and readmissions due to preventable errors or negligence by 40 percent and cutting preventable hospital readmissions by 20 percent. The first tranche of 1 billion is being funneled to the industry under the Patient Protection and Affordable Act. 

"Reducing the massive incidence of drug errors in hospital can only be achieved by automation and using smart systems like ours," says Mr. Dab. "We have waited long years to have the need for our technology recognized by Public Policy. This program demonstrates the seriousness of the Obama commitment to modernizing the healthcare industry." 

Visual Healthcare platforms for Adverse Drug Event applications are used successfully by over one thousand clinicians and have been demonstrated to reduce both morbidity and cost associated with hospital errors by more than 30% and deadly errors by 50%.

 

VisualMED Moves Forward With Implementation of Its New Smart EHR 

Implementation of $826,000 Project to Begin at Private Florida Clinic 

RENO, NV--(Marketwire - May 12, 2011) - VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS: VMCS) (FRANKFURT: VA6.F) announces that it will proceed with the implementation of its signature smart electronic health record with full CPOE, decision support and medical alerts at a private general practice facility in southern Florida. The system will have full capability based on its more than eight thousand use cases and some thirty thousand decisional algorithms. 

The medical facility project is worth a total of $826,000 over 2 years for VisualMED. The company will be delivering its product through a newer interactive platform, still running updated Oracle (ORCL) technology and some of the latest Microsoft (MSFT) applications. Clinicians and their support teams will have the flexibility to access the system by using laptops or new devices such as Research in Motion (RIM) Playbook supporting Intel (INTL) powered dual core processors or other similarly efficient devices. The Company will rely on new connectivity solutions from Visual Healthcare Corp. (VSHC) 

The combination of additional computing power, speed of access together with enhanced connectivity, should provide a more flexible environment to encourage care givers to make full use of the VisualMED intelligent applications. Saving time, reducing cost and increased quality of care remain the singular focus of VisualMED product offerings. 

"It is going to be much easier for us to deliver patient centric accessible functions at point of care at lower cost to us than ever before," says Chairman Gerard Dab. "We are now enabled to lower the cost to customers by significantly lowering our implementation costs." 

The Company still has a backlog of signed agreements on which to deliver. Expectations of increasing access to financing should help accelerate implementation schedules at these medical facilities. 

The move toward electronic health records remains slow in spite of the availability of government subsidies and the pressure from public policy in the United States. Even though medical practices are under increasing regulations to adopt technologies that can reduce medical errors and increase quality of care, most practices appear to find it a challenge. They have until 2015 after which they will face punitive measures from Federal Agencies. In the meanwhile, VisualMED remains confident that the number of early adopters will continue to grow and allow our business to increase significantly over the coming years. 

ABOUT VISUALMED 
VisualMED markets smart Clinical Information Systems (CIS) with EHR and Computerized Physician Order Entry that are at the core of the new regulatory environment ushered in by the American Recovery and Reinvestment Act of 2009 and the Health Reform Act of 2010. We offer medical facilities and physicians a broad array of clinical applications with rich embedded clinical data, both scalable and interoperable, and whose high level of usability has been tested by over one thousand clinicians over many years in tertiary care and ambulatory environments. Our solutions help medical facilities increase provider efficiency, bring down operating costs, demonstrate meaningful use for ARRA grants and subsidies, and reduce mortality and morbidity. The Company's Suites of Medical Solutions operate on state of the art proprietary software platforms with advanced analytical capabilities provided by Visual Healthcare Corp. (PINKSHEETS: VSHC). 

Detailed information on our company and its products is available on our web site at www.visualmedsolutions.com 

FORWARD-LOOKING STATEMENTS 
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results. 

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