Science & Technology
Science and Technology
Science and Technology
Thu, May 13, 2010 iMedicor to Participate in $11 Million SunCoast RHIO Program
NANUET, NY--(Marketwire - May 13, 2010) - iMedicor (
SunCoast Health Partners is a Joint Venture between the SunCoast RHIO, Inc. and for profit partners offering services to the healthcare community in the Southwest Region of Florida. The participation by SunCoast will include offering products and services by MedLink and iMedicor to the more than 500 Healthcare Providers in the SunCoast RHIO area of Southwest Florida.
"This venture will provide affordable health information technology solutions to participants while providing financial benefits to support the adoption of Electronic Health Records. The agreement is a significant milestone for MedLink as well as iMedicor; five hundred healthcare practices are expected to generate sales of more than $4 million in the first year and in excess of $7 million over the subsequent four years," said Ray Vuono, President of MedLink.
This deployment will offer an Electronic Medical Records and Practice Management System provided by MedLink, that addresses the "Meaningful Use" requirements developed by the Federal government under the Department of Health and Human Services. The combined system will also provide affordable health information technology solutions to participants, a HIPAA Compliant communications network coupled with the benefits of a social community portal for physicians. In addition, the physicians participating in SunCoast will have access to the latest educational and product resources through iMedicor's Clear Lobby. This service will contribute to a unique sustainability model designed to support the SunCoast RHIO and reduce the overall cost to the medical practice to adopt and implement Electronic Medical Records as part of the day-to-day clinical workflow.
"iMedicor and its partners have developed a revenue sharing model that mutually benefits all parties. SunCoast RHIO represents what is expected to be the first of many similar opportunities for the iMedicor / MedLink partnership, as the RHIO community continues to adopt this unique model that encourages sustainability beyond current federal, state and local funding," said CEO Fred Zolla.
"This first opportunity could easily become the beginning of the tipping point as the transition from a paper to digital medical records system, mandated by federal regulations, merges with our sustainability concept. It is designed to allow healthcare organizations to function well into the future after federal funds start the process but eventually run out."
About iMedicor
iMedicor is the only HIPAA-compliant solution for interoperable medical information transfer that is offered at no cost to healthcare providers and patients. The iMedicor portal also enables doctors, administrators and other qualified healthcare workers to send and receive medical records, files and images in a secure, HIPAA compliant environment; allows disparate EMR (electronic medical record) systems to communicate, collaborate and exchange records in real time; and allows pharmaceutical companies to deliver customized marketing programs to healthcare providers nationwide in a highly targeted, cost-effective and non-intrusive manner. More information on iMedicor is available at [ http://www.imedicor.com/ ].
About MedLink
MedLink is a healthcare IT company that provides the medical community with products and services designed to help create, manage, and share medical information. The company's flagship product, MedLink TotalOffice EHR 3.1, a CCHIT Certified® 08 Ambulatory EHR, provides physicians with full EHR and practice management functionality. For more information regarding MedLink's products and services, please visit [ http://www.medlinkus.com/ ].
Safe Harbor Statement
This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, outlined in our 2009 Annual Report on Form 10-K available through [ http://www.sec.gov/ ]. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
