VisualMED To Gain Access To US Hospital Networks
Sales of Standalone Modules Could Reach Ten Million in First Year
Reno, NV (Marketwire) - VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS: VMCS) (FRANKFURT: VA6) announces that its suite of medical intelligent software for hospitals has been adapted so that autonomous modules and applications can be used by clinical staff through the entertainment hardware which is to be found by the bedside of a growing number of facilities.
A number of institutions have been deploying an in-house network of bedside hardware at great cost so they can turn a profit by selling internet access and entertainment to their patients. As a result VisualMED can now sell separate patient care modules that will run on these networks, saving the hospital millions in installation cost.
The ability to deploy separate modules solves three issues in hospital clinical systems implementation. Physician and nurses can pick and choose which applications they feel ready to use rather than get swamped by a large "go-live" event; and, as a vendor, we can get a much quicker purchase decision as we are now able to sell lower-ticket solutions. Finally we can cut distribution costs by offering these modules online as they no longer require expensive implementation.
The Company has therefore begun to develop an alternate business model, one that is more in line with standard software licensing pricing practice, charging only for applications the hospital requires and according to the number of users. The company, with benefit from better margins, now expects to generate much faster revenues which could reach as high as the ten million mark in the first year. It should be noted that in the intelligent medical software and advanced clinical automation market segment, VisualMED still has very few competitors.
Looking back on 2011, it was a poor year in terms of economic growth but the Company managed to continue making inroads into the U.S. healthcare market. We operated largely with a positive cash flow and continued to avoid the multimillion losses that had marked past years.
The cost of healthcare continues to rise much faster than inflation and will become increasingly unaffordable under the pressure of an aging population. Unless radical measures are adopted, services will have to be cut or providers will need to seriously adopt technology solutions like ours. In order to improve quality, lower cost and bring efficiency, there is no other avenue than using available technologies like those offered by advanced medical knowledge companies like 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.
SOURCE: VisualMED Clinical Solutions Corp.