QHR EMS division secures $1.2 million in new contracts
KELOWNA, BC, Jan. 7, 2013, 2013 (Canada NewsWire via COMTEX) --
(TSX-V: QHR) QHR Technologies Inc. ("QHR" or the "Company") a leader in the
Healthcare Information Technology sector, reports that its Enterprise
Management Solutions ("EMS") division of QHR Software Inc. has recently
signed new licensing and services contracts valued at over $1.2 million
with new and existing clients.
These contracts are for new and expanded licensing of the EMS division
financial products and related implementation services for clients
installing or expanding their use across their organization. The EMS
division's specialized installation and training services are utilized
when clients expand their user base or additional healthcare sites are
The majority of the new $1.2 million in licensing and related services
contracts is expected to be delivered during the first and second
quarters of 2013.
About QHR Technologies Inc.
QHR is a leader in quality and technology, providing software and
services in the following markets:
In the Electronic Medical Records ("EMR") market, QHR offers a suite of
medical software modules that provide computer-based medical records
for family physicians, medical specialists, and surgeons, as well as
administrative modules for billing and patient scheduling, that is a
key component of the move throughout Canada to provide electronic
healthcare records for all Canadians. QHR also provides on-site and
off-site (ASP) hosting capabilities for the EMR market.
In the Healthcare Transaction Processing ("HTP") market, QHR provides
best in class software solutions and transaction processing services
that encourage "interoperability" to assist health care providers,
payers and intermediaries capture and exchange information. QHR's
clients include Physicians, Hospitals, Health Plans, Insurance Brokers
and State Governments. QHR's software supports processes such as Health
Plan Enrolment, Health Insurance Eligibility, Health Insurance Claims,
Claim Payments and Provider to Provider Collaboration of supporting
referral and compliance documentation. The HTP market QHR services is
primarily in the US.
In the Enterprise Management Software ("EMS") market, QHR specializes in
workforce management software, which consists of integrated payroll,
staff scheduling and human resource software, and in customized
financial management software built on the Microsoft Dynamics GP
platform. These products are targeted at complex healthcare, social
services and public safety environments.
Legal Notice Regarding Forward Looking Statements
This news release contains "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 press
release include that we have secured $1.2 million in new EMS contracts
and that the majority of the new $1.2 million in licensing and related
services contracts is expected to be delivered during the first and
second quarters of 2013. Risks that may prevent or delay the forward
looking statements from coming to fruition include that we may not
offer products that are acceptable to industry regulators or customers;
competitors may offer better or cheaper products; we may not be able to
raise sufficient capital to improve products to remain competitive;
changing regulatory requirements may prevent our products from being
sold as expected; we may not be able to attract or retain key
personnel; our technology may become obsolete; orders could be
cancelled or delayed and market factors may increase our 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 our 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 Technologies Inc.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2013/07/c4217.html
SOURCE: QHR Technologies Inc.
Al Hildebrandt, President & CEO 250-979-1701 ahildebrandt@QHRtechnologies.com Jerry
Diener, VP Finance & Chief Financial Officer 250-979-1722 jdiener@QHRtechnologies.com
Jim Wilson, VP Marketing & Communications 416-220-7484 jwilson@QHRtechnologies.com
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