KELOWNA, BC, May 20, 2014 /CNW/ - Suite 300 - (TSX-V: QHR) QHR Corporation ("QHR" or the "Company") a leader in the Canadian
Healthcare Information Technology sector is pleased to announce that
Mr. Tom Liston has been appointed to the Company's board of directors.
Mr. Liston has over 14 years of experience in technology research. He is
currently the Managing Partner at Difference Capital Financial Inc., a
specialty finance company addressing the financing needs of
entrepreneurs as well as venture-capital and private equity-backed
companies by providing mezzanine debt, convertible debentures and
select equity growth capital. Mr. Liston's prior work experience
started at Yorkton Securities in 1999 as a Research Analyst covering
Software and IT Services companies. In early 2003, he joined Versant
Partners in the same role and was promoted to Director of Research
while maintaining his coverage of technology companies. In late August
of 2012, Versant Partners' team was acquired by Cantor Fitzgerald. At
Cantor Fitzgerald, Mr. Liston served as Director of Canadian Research
and covered the technology sector.
"Tom Liston has significant business analytics and financial expertise
in the technology sector and will bring insights from working with many
excellent public companies. He will be a great addition to the board,"
said Gordon Glenn, QHR chairman.
As a technology analyst, Mr. Liston has been consistently ranked among
the top technology analysts in several surveys, including: StarMine,
Brendan Wood, Greenwich Associates and Reuters. He has also received
numerous StarMine stock picking awards.
Mr. Liston is a CFA charter holder, completed a Bachelor of Business
Administration degree in Finance from the University of New Brunswick
in 1996 and a Master of Arts in Economics and Finance from Queen's
University in 1998. Mr. Liston resides in Toronto, Ontario.
Mr. Liston's community involvement includes being a member of the Maple
Leaf Sports and Entertainment (MLSE) Foundation President's Cub which
refurbishes athletic facilities for the benefit of their communities.
He also chairs the University of New Brunswick's Student Investment
Fund that manages the largest student run fund in Canada.
The Company also announces that, pursuant to its stock option incentive
plan, it has granted 100,000 stock options to Tom Liston to purchase
100,000 common shares of the company at an exercise price of $1.27 per
share for a period of 5 years. The stock options are subject to the
terms of the Company's stock option plan and the stock option
On behalf of the Board of Directors
Al Hildebrandt, President and CEO
About QHR Corporation
QHR is a leader in quality and technology, providing software and
services in the following markets:
In the 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 in 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 RCM market, QHR provides best in class clearinghouse services
through its SoftCare brand, supporting over 1,500 payers and assisting
healthcare providers to exchange claim information accurately for
health claim reimbursement. SoftCare provides a progressive medical
billing service that outsources coding, payer reconciliation and
revenue reporting. SoftCare provides a suite of healthcare
interoperability solutions (EDI and Clearinghouse) and professional
services. These solutions and services help clients navigate and
simplify the complex transaction integration processes required for
health plan enrollment, health insurance eligibility, and health
insurance claims through to payment remittance with their trading
partners. The RCM division markets SoftCare services primarily in the
Legal Notice Regarding Forward Looking Statements
This news release does not contain any "forward looking statements"
within the meaning of applicable Canadian securities legislation. 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
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.
Image with caption: "QHR appoints Tom Liston to Board of Directors (CNW Group/QHR Corporation)". Image available at: http://photos.newswire.ca/images/download/20140520_C8988_PHOTO_EN_40513.jpg
SOURCE: QHR Corporation
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