KELOWNA, BC, Jan. 7, 2013 /CNW/ - (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 added.
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.
For further information:
Al Hildebrandt, President & CEO
Jerry Diener, VP Finance & Chief Financial Officer
Jim Wilson, VP Marketing & Communications