VisualMED Physician-Designed Systems to Benefit From UK $20 Billion Hospital IT Fiascos
11 Oktober 2011 - 2:23PM
Marketwired
VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS:
VMCS) (FRANKFURT: VA6) announces that a major article in the New
York Times analyzes the failure of old IT models and practices in
the giant $20 billion dollar British Health IT program that ended
in a resounding fiasco. The Times article describes the British
program as "...an ambitious drive to computerize England's health
records and let doctors, clinics and hospitals share patient
information."
"The UK failure was predictable," says Chairman Gerard Dab. "The
project was managed by British Telecom, who shunned physician input
and paid the price." Implementation was turned over to engineers
from major American and Japanese IT service corporations. Attempted
input from medical schools and physicians was not welcomed.
Imperial College of London was ignored when it recommended
doctor-designed medical solutions from VisualMED.
A senior Physician from the University of Manchester, UK, has
recently stated that the project has been moribund for years. He
says that beyond the delays and mismanagement, there have been
almost no successful implementations even of the seemingly simple
applications such as e-Prescribing and e-Booking, let alone of
EHRs.
The fatal engineering bias is confirmed by Dr. David J. Brailer,
former national coordinator for health information technology in
the Bush administration, who is quoted in the article as saying
that "The experience in Britain is a warning to us. The thing that
brought them to their knees was the confrontation with
doctors."
Coming on the heels of Google's withdrawal from healthcare, the
massive British failure makes it abundantly clear that going
forward; institutions must turn to physician-driven solutions like
those of VisualMED. These developments have begun to weaken the
position of big IT service companies and this will translate into
greater market penetration for the handful of physician-driven
companies like VisualMED.
This helps explain the sudden progress of VisualMED in the past
two years, a positive trend that shows no sign of slowing down as
the Company's first quarter indicates. Revenues for the quarter
show a marked increase of more than 400% over the same period last
year.
"We are very encouraged by the recent turn of events. After
years of being ahead of the curve, the market is finally moving in
our direction," concludes Gerard Dab.
ABOUT VISUALMED VisualMED markets smart
Clinical Information Systems (CIS) with EHR and Computerized
Physician Order Entry that are at the core of the new regulatory
environment ushered in by the American Recovery and Reinvestment
Act of 2009 and the Health Reform Act of 2010. We offer medical
facilities and physicians a broad array of clinical applications
with rich embedded clinical data, both scalable and interoperable,
and whose high level of usability has been tested by over one
thousand clinicians over many years in tertiary care and ambulatory
environments. Our solutions help medical facilities increase
provider efficiency, bring down operating costs, demonstrate
meaningful use for ARRA grants and subsidies, and reduce mortality
and morbidity. The Company's Suites of Medical Solutions operate on
state of the art proprietary software platforms with advanced
analytical capabilities provided by Visual Healthcare Corp.
(PINKSHEETS: VSHC).
Detailed information on our company and its products is
available on our web site at www.visualmedsolutions.com
FORWARD-LOOKING STATEMENTS Except for historical information
provided herein, this press release may contain information and
statements of a forward-looking nature concerning the future
performance of the Company. These statements are based on
suppositions and uncertainties as well as on management's best
possible evaluation of future events. Such factors may include,
without excluding other considerations, fluctuations in quarterly
results, evolution in customer demand for the Company's products
and services, the impact of price pressures exerted by competitors,
and general market trends or economic changes. As a result, readers
are advised that actual results may differ from expected results.
For further information, please contact:
Frederick Berlin Operations manager TEL: 514 836 1212 or 514 582
5220
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