QHR Technologies

Account Executive – One Year Term

lindsay — Wed, 22 May 2013 21:42:38 +0000

QHR Technologies Inc., Electronic Medical Record (EMR) Division, is looking for an:

Account Executive – One Year Term

Location: Saskatchewan

Team: Sales

QHR Technologies Inc. (QHR) is a rapidly growing, publicly traded technology company (TSX:V QHR) specializing in products and services designed to improve the efficiency and effectiveness of professionals, physicians and administrators in healthcare and other markets. It is comprised of a number of acquired companies and is strongly positioned in Electronic Medical Records (EMR), Enterprise Management Systems (EMS), and Data Hosting and recently entered the US market with the acquisition of a data clearing house and healthcare transaction processing company.

For further information on QHR Technologies Inc. please visit our website at www.qhrtechnologies.com

Position Summary:

During this one year term as an Account Executive for QHR, you will be tasked with developing new Physician / Clinic sales in the Saskatchewan territory. The position offers highly motivated self-starters, with experience in solutions selling in a technical environment, an opportunity to join a successful, dynamic company.

QHR is looking for sales applicants with a successful EMR sales track record.

Client Service Analyst I

lindsay — Thu, 16 May 2013 22:38:13 +0000

QHR Technologies Inc., Electronic Medical Record (EMR) Division, is looking for a:

Client Service Analyst I

Location: Toronto, ON

Team: Client Services

For further information on QHR Technologies’ EMR Division please visit our website at www.optimedsoftware.com

Position Summary:

The successful candidate will be responsible for providing application support to our clients via email and phone support. The CSA I will also appropriately route general questions or concerns about sales opportunities, software licensing and user management. The position offers highly motivated self-starters, an opportunity to join a successful, dynamic company.

QHR Technologies Inc. Reports 2013 First Quarter Financial Results

cory — Thu, 16 May 2013 13:50:33 +0000

EMR DIVISION REPORTS 38% YEAR OVER YEAR Q1 REVENUE INCREASE

KELOWNA, BC, May 16, 2013 – (TSX-V: QHR) QHR Technologies Inc. (“QHR” or the “Company”), a leader in the Healthcare Information Technology sector, announced financial results for its 2013 first quarter ended March 31, 2013.

The Company is reporting record consolidated 2013 first quarter revenues of $8.4 million, a 14% increase as compared to Q1 2012 and also reporting Q1 EBITDA⁽¹⁾ of $1.1 million.

Q1 2013 Highlights

The Company reported a record consolidated Q1 2013 revenues of $8.4 million, a 14% increase over revenues of $7.4 million during Q1 2012.
The Electronic Medical Records (“EMR”) division reported a new quarterly revenue record of $5.3 million, an increase of $1.5 million or 38% over the $3.9 million in revenue reported during Q1 of 2012.
EBITDA⁽¹⁾ margin on a consolidated basis improved by 18%, from Q4 2012 margin of 11.1% to Q1 2013 margin of 13.1%.
EBITDA⁽¹⁾ on a consolidated basis improved by 23.5%, to $1.1 million in Q1 compared to $0.9 million in Q4 2012.
Recurring revenue for Q1 was a record 72% of total revenue compared to 59% for Q1 2012. Recurring revenue is now at a $24 million run rate annually as at March 31, 2013.
Cash flow from operations for the quarter was $1.1 million as compared to $0.3 million during Q1 2012.

“We are pleased to report continued improvement in both our EBITDA⁽¹⁾ and EBITDA⁽¹⁾margin, quarter over quarter. Our recurring revenue is now at 72% of total revenue. Delivering this solid gain in recurring revenue will continue to give QHR a strong base for growth. The investments being made in our Revenue Cycle Management (“RCM”) division (the Open EC acquisition) are gaining traction and delivering the results that we anticipated.” said Al Hildebrandt, President and CEO of QHR Technologies Inc.

Revenue

Three months ended March 31, 2013	EMR	EMS	RCM	Total

Revenues	$ 5,318,137	$ 2,520,988	$ 602,808	$ 8,441,933

Operating expenses	4,148,774	2,383,540	799,713	7,332,027

EBITDA(1)	1,169,363	137,448	(196,905)	1,109,906
EBITDA(1) Margin	22.0%	5.5%	not measured	13.1%

Consolidated revenue for the quarter increased by $1,048,689 to $8,441,933 or 14.2%, from $7,393,244 in Q1 2012. EMR division revenue achieved solid growth of 38% in Q1 2013 to $5,318,137 compared to Q1 2012 revenue of $3,848,014. This is the 9^th consecutive quarterly revenue increase for EMR. Enterprise Management Solutions (“EMS”) division revenue decreased by $1,024,242 in Q1 2013 as compared to Q1 2012 due to license revenue included in Q1 2012 that was not present in Q1 2013. Our Revenue Cycle Management (“RCM”) division (the Open EC acquisition) contributed revenues of $602,808 for Q1 2013, the first full quarter since the Open EC acquisition.

⁽¹⁾EBITDA (earnings before interest, depreciation, taxes, amortization, stock-based compensation and foreign exchange) is a non-IFRS measure. Management believes that, in addition to net earnings, EBITDA is a useful complementary measure of pre-tax profitability and is commonly used by the financial and investment community for valuation purposes. However, EBITDA does not have a standardized meaning prescribed by IFRS. Investors are cautioned that EBITDA should not be construed as an alternative to net earnings determined in accordance with IFRS as an indicator of performance or to cash flows from operating, investing and financing activities as a measure of liquidity and cash flows. QHR’s method of calculating EBITDA may differ from the methods used by other entities and, accordingly, our EBITDA may not be comparable to similarly titled measures used by other entities

Recurring Revenue

Recurring Revenue on a consolidated basis grew from a run rate of $22.0 million at the end of 2012, to $24.0 million as at March 31, 2013, an increase of $2.0 million or 9% during Q1 2013. Recurring revenue is now 72% of total revenue.

EBITDA⁽¹⁾

EBITDA⁽¹⁾ and EBITDA⁽¹⁾ margin continued to improve during Q1. We continue to improve efficiency and build better scalability in our systems. Consolidated EBITDA⁽¹⁾ has improved during each of Q3 (6.3%) and Q4 (11.1%) in 2012 and also Q1(13.1%) 2013. EBITDA per share (diluted) was $0.023.

Comprehensive Net Earnings

The comprehensive net earnings for the three months ended March 31, 2013 was $182,445, compared to comprehensive net earnings of $264,454 for the same period in 2012. The Company continues to be profitable and strengthen its balance sheet.

Cash Flow

For the quarter ended March 31, 2013, operating activities resulted in net cash inflows of $1,112,570, compared to $323,408 for the same period in 2012. Debt was reduced by $620,914 during the quarter. Working capital improved from $(182,092) at December 31, 2012 to $2,767,543 at March 31, 2013.

At March 31, 2013, the Company had cash and cash equivalents in the amount of $1,981,092 compared to $1,592,896 at December 31, 2012. The Company has an available operating line of credit with the Royal Bank of up to $1.5 million, subject to margining calculations against trade account receivables. At March 31, 2013, the Company had drawn $875,000 of the operating line. As at May 15, 2013 the Company is not using any of this operating line.

Full financial statements, together with Management’s Discussion and Analysis are available on SEDAR.

Conference Call – The Company executives will host a conference call at 11:00 AM EDT (8:00 AM PST) Thursday, May 16, 2013, to discuss the Company’s 2013 first quarter financial results. To join the conference call, please dial Toll Free 1-888-390-0546, Conference ID: 15916137

On behalf of the Board of Directors

Al Hildebrandt
President and CEO

2013 Financials – 1st Quarter

cory — Thu, 16 May 2013 13:46:46 +0000

Quality Assurance Analyst

lindsay — Wed, 01 May 2013 23:52:40 +0000

QHR Technologies Inc., Electronic Medical Record (EMR) Division, is looking for a:

Quality Assurance Analyst

Location: Kelowna, BC

Team: Development

For further information on QHR Technologies’ EMR Division please visit our website at www.optimedsoftware.com

Position Summary:

QHR is looking for a Quality Assurance (QA) Analyst to be responsible for creating and running QA tests on our Electronic Medical Record Product, Accuro® EMR, as well as, to ensure that the user interface performs according to specifications from design and development. The QA Analyst will work closely with the development and technical documentation team to ensure that the QA tests and user documentation are in sync. The QA Analyst will provide support to other departments, like implementations and client services as required.

The position offers highly motivated self-starters, an opportunity to join a successful, dynamic company.

Software Developer

lindsay — Wed, 01 May 2013 21:36:16 +0000

QHR Technologies Inc., Electronic Medical Record (EMR) Division, is looking for a:

Software Developer

Location: Kelowna, BC

Team: Development

For further information on QHR Technologies’ EMR Division please visit our website at www.optimedsoftware.com

Position Summary:

QHR is looking for a skilled Java Software Developer to build on and support its existing Electronic Medical Record product, Accuro®EMR.

The successful candidate will join an established team of Software Developers working on a product used by thousands of physicians across Canada. The product development is fast paced and includes user interface, database, systems integration, and troubleshooting assignments. This position offers a chance to join a team that is passionate about delivering the best possible product to our medical clinic customers.

MGI Securities

admin — Wed, 01 May 2013 06:59:10 +0000

Analyst - Massimo Voci, email mvoci@mgisecurities.com

Systems Administrator

lindsay — Tue, 30 Apr 2013 16:46:50 +0000

QHR Technologies Inc. is looking for a:

Systems Administrator

Location: Calgary, AB

Team: Hosting

Position Summary:

We are currently seeking an experienced Systems Administrator whose responsibility will be to monitor and complete operational and administrative IT tasks within our hosting environment to ensure continued stability and high availability of our environment. You will also be required to provide support and troubleshooting assistance to our service desk and customers, and escalating incidents as necessary.

Cantor Fitzgerald

GaryJ — Tue, 30 Apr 2013 14:57:25 +0000

Analyst – Tom Liston, email tliston@cantor.com

Implementations Team Lead

lindsay — Thu, 25 Apr 2013 20:53:02 +0000

QHR Technologies Inc., Electronic Medical Record (EMR) Division, is looking for an:

Implementations Team Lead

Location: Toronto, ON

Team: Implementations

For further information on QHR Technologies’ EMR Division please visit our website at www.optimedsoftware.com

Position Summary:

We are currently seeking an Implementations Team Lead who will report directly to the Implementations Manager.

The Implementations Team Lead is accountable for managing and supporting a regional implementation team. The primary accountability of this role is to ensure client satisfaction of all team implementation via the high-quality deployment of the Accuro® EMR software into a variety of Ambulatory Physician Practices.