KELOWNA, BC, July 10, 2013 /CNW/ - (TSX-V: QHR) QHR Corporation (formerly QHR Technologies Inc.) ("QHR" or the "Company") a leader in the Canadian Healthcare Information Technology sector is pleased to announce that all resolutions presented at the Company's annual general and special meeting, held in Toronto on June 19, 2013, including the appointment of Alvin Hildebrandt, Dr. Ernest Wigmore, James Mutter, Gordon Glenn, Mark Kohler and Art Mesher as directors, the appointment of Grant Thornton LLP as auditors, and the approval of the Company's stock option plan were approved by shareholders.
The Company also announces the approval of the continuation of the Company from a British Columbia incorporation to a federal Canadian incorporation, and a public company name change to QHR Corporation, effective as of 12:01 AM July 8, 2013. The Company's shares commenced trading under the new name QHR Corporation under the same symbol "QHR" effective July 8, 2013. The Company's new CUSIP number is 74735T103.
It is the Company's intention to change the name of its major operating subsidiary, QHR Software Inc., to QHR Technologies Inc. to reflect the broader base of client services offered. QHR's three business units will now operate under the operating company, QHR Technologies Inc.
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 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 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 Enterprise Management Solutions ("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.
In the Revenue Cycle Management ("RCM") market, QHR provides best in class clearinghouse services, with over 1500 payers, which assist US healthcare providers to exchange claim information that ensures accurate revenue management. QHR provides a progressive medical billing service that outsources coding, payer reconciliation and revenue reporting. QHR's software also supports employer health plan enrolment, employee health plan eligibility and health care interoperability through a 5010 standard based EDI gateway. The RCM markets that QHR services are primarily in the US.
Legal Notice Regarding Forward Looking Statements
This news release may contain "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. 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 Corporation
For further information:
Jim Wilson VP Marketing & Communication QHR Corporation 416-220-7484 [email protected]