KELOWNA, BC, April 25, 2013 /CNW/ - (TSX-V: QHR) QHR Technologies Inc. ("QHR") a leader in the Healthcare Information Technology sector, is pleased to announce that it has been recognized by Branham Group, a leading industry research and strategic consulting firm, in its 2013 Branham300 industry report. The Branham300 highlights the top Canadian and Multinational Information and Communication Technology (ICT) companies operating in Canada and is widely considered as a leading source of intelligence on Canada's ICT industry.
QHR ranked #5 in Pure-play Healthcare ICT Companies in Canada and #112 overall (up from #131 prior year) in the Top 250 Canadian ICT Companies. The Company reported record revenues in 2012 of $29.5 million, a 23.5% increase over revenues of $23.9 million in 2011.
"QHR's continued climb up the ranks of the Branham300 and being named a top 5 Healthcare IT company are accomplishments that we are very proud of" said Al Hildebrandt, CEO of QHR. "We are focused and passionate about improving information technology in the healthcare sector and being recognized on this prestigious list, by a leading research firm such as Branham, is a tremendous honour. We would like to thank our customers and employees for helping us achieve this top 5 position."
For 20 years now, the Branham300 has highlighted the top Canadian and Multinational ICT companies operating in Canada, as ranked by revenues. It illustrates the depth and breadth of innovative technologies developed in Canada and is widely considered to be a leading source of intelligence on Canada's ICT industry.
"QHR Technologies has once again enhanced its presence in Canada's Healthcare Information and Communication Technology (ICT) market by being named a top 5 Healthcare ICT pure-play and rising 19 positions in the overall Top Canadian ICT Company rankings", said Wayne Gudbranson, President and CEO of Branham Group. "The Branham300 has become an important gauge by which Information Technology (IT) companies measure their success and QHR should be proud of their rapid growth and to be recognized among the elite companies in the country."
To read more about the Branham300, please visit: http://www.branham300.com/index.php
About Branham Group Inc.
Branham Group Inc. is a leading industry analyst and strategic marketing company servicing the global Information and Communication Technology (ICT) marketplace. Branham Group assists ICT Technology companies and related institutions in achieving market success through its custom consulting services (Planning, Marketing and Partnering), and through its multi-client research subscription programs (Digital Health, Green IT and Cloud). Branham also produces an annual listing of the top ICT companies in Canada (www.branham300.com) and monitors over 450 Digital Health vendors (www.branhamgroup.com/digitalhealth).
For more information regarding Branham Group, please visit www.branhamgroup.com.
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 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 health care, social services and public safety environments.
In the healthcare Revenue Cycle Management (RCM) market, QHR provides best in class clearinghouse services, with over 1,500 payers, which assist US health care 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.
This news release does not contain any "forward looking statements" within the meaning of applicable Canadian securities legislation. 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:
VP Marketing & Communications
QHR Technologies Inc.
Vice President, Consulting Services
613-745-2282 Ext. 117