KELOWNA, BC, June 4, 2012 /CNW/ - (TSX-V: QHR) QHR Technologies Inc. ("QHR" or the "Company") a leader in the Canadian Healthcare Information Technology sector has been recognized as company #113 on the 24th annual PROFIT 200 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine up from #136 in 2011.
Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.
QHR revenues in 2006 were $4,721,439 grew by 405 % to $23,857,147 in 2011. This five year revenue growth places QHR at #113 on the prestigious Canadian Business listing.
"We are very pleased to once again be recognized on this notable list which demonstrates our growth is not only keeping pace with Canada's fastest growing companies' but also climbing up the PROFIT 200 rankings," says Al Hildebrandt, President and CEO of QHR Technologies Inc. "Our clients, investors, partners and hard-working team members have all contributed to our growth in the Healthcare IT sector and our rapid rise to the top of the EMR market in Canada."
QHR was founded in 1997 and became a public company in 2000. Growing the business in the healthcare IT space has taken significant resolve to weather the ups and downs of the industry segment. The Enterprise Management Solutions (EMS) space and the Electronic Medical Records (EMR) division have provided QHR an opportunity to expand and grow the business through excellent client care coupled with leading technology products and services.
"The PROFIT 200 companies are an inspiration to Canadian entrepreneurs and would-be-entrepreneurs," says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. "PROFIT is proud to celebrate the success of these businesspeople, who, despite a challenging economy, have achieved outstanding success in a wide variety of fields."
The Company is holding its Annual General Meeting (AGM) June 4, 2012 at 1 King West Hotel in Toronto at 4 PM EST.
About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 30 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.
About QHR Technologies Inc.
QHR operates two business units in distinct markets:
The Electronic Medical Records ("EMR") division offers a suite of medical software modules that provides computer-based medical records for Specialist, Primary Care, and Allied Health Professionals, 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 specializes in EMR ASP Hosting solutions both on-site and off-site, which consist of custom application hosted solutions, exchange email hosting, office software packages, mobile messaging services, server archiving and many other custom solutions and services as required by some provincial governments.
The Enterprise Management Software ("EMS") division 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 markets.
For a more complete business and financial profile of the Company, management encourages interested parties to visit the Company's website: www.QHRtechnologies.com.
On behalf of the Board of Directors
President & CEO
Legal Notice Regarding Forward Looking Statements
This news release contains no "forward looking statements" within the meaning of applicable Canadian securities legislation. Further information on the Company is available at www.sedar.com. Neither 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.
For further information:
on QHR Technologies Inc., please contact:
Al Hildebrandt, President & CEO