QHR appoints Tom Liston as new director and grants stock options

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 agreement.

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 US.

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 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.

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

For further information:

Jim Wilson
VP Marketing & Communication
QHR Corporation

Profil de l'entreprise

QHR Corporation

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