Independent Physicians Network Accelerates Adoption of MedcomSoft's EMR



    
    -  IPN Purchases 60 MedcomSoft Record licenses
    -  MedcomSoft to Deploy Data Repository and Certify IPN Affiliate to
       Implement MedcomSoft Record
    

    MILWAUKEE, WI, June 27 /CNW/ - MedcomSoft Inc. (TSX-MSF), a provider of
the next generation of interoperable electronic health records (EHR), and
Independent Physicians Network, Inc. (IPN), one of the largest managed medical
provider networks in the United States with over 1,000 member physicians,
announced today that they have agreed to further strengthen their strategic
alliance in order to accelerate the adoption of MedcomSoft Record within the
IPN community.
    Under the terms of the agreement, IPN has today purchased 60 MedcomSoft
Record licenses. In addition, MedcomSoft has agreed to deliver a MedcomSoft
Clinical Data Repository (MCDR) to IPN by May 2008 and to train and certify an
IPN subsidiary company ("IPN Services") in the installation, training and
support of MedcomSoft products. IPN Services will also offer ancillary
services to its members, including billing, office optimization advice and
workflow assessments. IPN Services may only provide services related to
MedcomSoft products within the IPN community.
    The steps taken by IPN and MedcomSoft have been made in order to improve
the quality of patient care within the IPN community; increase IPN members'
practice efficiencies and thereby increase their quality of life as well as
revenues; and to provide a possible new source of revenue to IPN and its
members.
    "This is an important step for IPN in order to provide for greater
clinical integration for its members and to enable its members to better serve
the community," said Michael Repka, the Executive Director of IPN. "Several
IPN practices now collectively hold over 40 MedcomSoft Record licenses and
they generally report having reaped significant benefits from adopting
MedcomSoft Record. IPN will not only seek to distribute to its members the
additional MedcomSoft Record licenses it has acquired, but will work to
increase the adoption of MedcomSoft Record beyond those acquired through the
provision of training, implementation and support services to its members at a
significantly lower cost," stated Mr. Repka.
    Mr. Repka also noted that "IPN is looking forward to the deployment of
MCDR." MCDR is a new generation of community based clinical data repositories
that could revolutionize the way clinical data is aggregated, stored and
mined. Through automated and secure web transactions generated by different
providers in the IPN community, MCDR will be capable of aggregating, in a
completely unmanned fashion, the incremental pieces of a health record as they
are generated. The data generated and transmitted by providers using
MedcomSoft Record will be fully codified with the Medcin(R) point of care
medical terminology, producing an unprecedented data repository. This
technology will allow advanced data mining based on any combination of
clinical data entries including symptoms, medical history, examinations, test
results, conditions, therapies and outcomes. MedcomSoft believes that MCDR
could finally enable healthcare organizations to track outcomes, disease
evolution and population health leading to better prevention, disease
management and surveillance.
    "While MCDR may be a source of additional revenues to IPN and its
members; it will, more importantly, be of significant benefit to our members
and the patients we serve, as well as the community in general," stated Mr.
Repka.
    Dr. Sami Aita, the Chairman and Chief Executive Officer of MedcomSoft,
stated, "Our agreement with IPN sets a significant milestone for MedcomSoft in
terms of license sales to one organization and represents a unique model which
may be followed by other physician groups to benefit their members. We are
also pleased that our relationship with IPN continues to strengthen and evolve
due primarily to the strength of our product and our commitment to providing
exceptional customer service."
    As a result of the agreement with IPN, MedcomSoft will receive payment
and record revenues, in its current fiscal quarter ending June 30, 2007, of
approximately $500,000.

    About Independent Physicians Network, Inc.: Independent Physicians
Network, Inc. is a physician managed and controlled medical delivery network
established in 1984. There are over 1,000 member physicians in the network who
utilize all hospitals in the Milwaukee and surrounding areas. Independent
Physicians Network also offers patient access to many free standing centers
such as imaging, laboratory and therapy sites. Member physicians currently
provide services to over 85,000 Medicaid and Commercial enrollees through
contracted health plans. Independent Physicians Network takes pride in its
medical management services and its ability to arrange for the provision of
quality, cost effective care for its enrollees. The Network success manages
millions of dollars in medical services annually. Contact Information: Michael
Repka, Executive Director, Independent Physicians Network Phone: (414)
771-6177 Fax: (414) 771-1159, http://www.ipn-wi.com.

    About MedcomSoft Inc.: Founded in 1994, MedcomSoft Inc. develops cutting
edge software solutions for the healthcare industry, including its fully
integrated Electronic Health Record (EHR) and practice management solution,
MedcomSoft(R) Record. MedcomSoft has pioneered the use of numerically codified
point-of-care clinical terminologies to create a new generation of highly
interoperable EHRs. By enabling the collection, exchange and aggregation of
numerically codified clinical information, MedcomSoft(R) Record will
significantly enhance disease surveillance and accelerate clinical research.
MedcomSoft has proven its technology in both small and large installations and
is the Preferred Vendor for ABC (the Association of Black Cardiologists with
450 US members), IPN (the Independent Physicians Network of Milwaukee with
over 1,000 members), and other organizations. The Company has achieved strong
growth in license sales year over year while MedcomSoft Record 2006 placed
first in KLAS' Ambulatory EMR 1-5 Physicians Category in the 2007 Mid-Year
Report, and has received a 5-STAR rating from the AC Group, Inc. Contact
Information: Paul Davis, Chief Operating Officer, MedcomSoft Inc. Phone: (877)
673-0101 Fax: (416) 443-9693, 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.

    %SEDAR: 00010549E




For further information:

For further information: Michael Repka, Executive Director, Independent
Physicians Network, Phone: (414) 771-6177, Fax: (414) 771-1159,
http://www.ipn-wi.com; Paul Davis, Chief Operating Officer, MedcomSoft Inc.
Phone: (877) 673-0101, Fax: (416) 443-9693, www.medcomsoft.com

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