Implementation Consultant – Winnipeg

QHR Software is an industry leader in providing software solutions to organizations with complex work environments.  The company has been developing software for over 15 years and has built a solid reputation in the health and social services sectors in Canada.  Headquartered in Kelowna, British Columbia, QHR Software has remote office locations across Canada.  QHR Software is a wholly-owned subsidiary of QHR Technologies Inc., a publicly listed company (TSX-V:QHR).

Position Summary:

Under the leadership of the Director of Client Services, the Implementation Consultant will be responsible for the two primary segments of work:

• Working with QHR customers to successfully deploy our Workforce software suite utilizing a defined implementation process. This will include conducting project kick-offs, completing business requirements analysis, configuration of the software, training of client personnel, completing parallel testing activities, and providing go-live support.  It will also include a project management component that requires the ability to plan, lead, monitor, manage and report on large-scale projects for our clients within the Canadian Healthcare sector.  The consultant will work with the QHR Implementation and Support teams to provide guidance, assistance and best practice implementation strategies to potential and existing clients across Canada.  This position will be based in Manitoba and will involve travel including up to 24 weeks per year mainly within Manitoba, but possibly across Canada. 
• Contribute to and participate in the delivery of a variety of other internally focused initiatives including demoing QHR Workforce to prospective clients, working on strategic internal initiatives that will advance the QHR Implementation organization (methodology refinements, estimation tools, development/contribution to Knowledge Management repositories/process, Implementation Best Practices etc).

Technical Client Services Lead – Kelowna

QHR Software Inc. is a wholly owned subsidiary of QHR Technologies Inc. and is based in Kelowna, BC. QHR’s Electronic Medical Record (EMR) product, Accuro® EMR, is an EMR software application for physicians and their clinics. The primary business of QHR Software’s EMR division focuses on the development, marketing, distribution and delivery initiatives for Accuro to clinics across Canada.  Accuro is the highest customer rated National EMR software package in Canada. For further information please visit our website at: www.optimedsoftware.com

Position Summary:

Located at our Corporate Headquarters in Kelowna, BC and reporting to the Client Services Manager, the Technical Client Services Lead (TCSL) will be responsible for providing leadership to the Technical Client Services team. The TCSL is responsible for analyzing and resolving issues with SQL databases, analyzing and resolving complex hardware/network issues and providing reports to management with recommendations on process improvements to eliminate further issues. The TCSL will have a responsibility for staying current with technologies used in all aspects of enterprise level technical support and making recommendations on appropriate training programs for the Technical Client Services team.

This is a new position being created within our organization which provides the successful candidate with an opportunity to be part of the development of the vision and scope of this position.

Quality Assurance Analyst – Kelowna

Optimed Software is a wholly owned subsidiary of QHR Technologies Inc. and is based in Kelowna, BC. Optimed’s product, Accuro® EMR, is an electronic medical records (EMR) software application for physicians and their clinics. The primary business of Optimed focuses on the development, marketing, distribution and delivery initiatives for Accuro to clinics across Canada.  Accuro is the highest customer rated National EMR software package in Canada. For further information on Optimed, please visit our website at: www.optimedsoftware.com

Position Summary:

We are looking for a QA Analyst to be responsible for creating and running QA tests on Optimed’s 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.

Quality Assurance Analyst – Winnipeg

QHR Software Inc. is a wholly owned subsidiary of QHR Technologies Inc. and is based in Kelowna, BC.

Position Summary:

QHR Software Inc. is seeking a Quality Assurance Analyst to implement test and verification procedures against the Microsoft Dynamics GP & Quadrant Financials software.  As part of the Quality Assurance (QA) team, the QA Analyst will work with the Software Developers, Technical Documentation Specialists, Implementation Consultants and Software Support Analysts, and will be involved in the development process from defining requirements to testing of finished software.

To learn more about us, please visit our website at www.QHRSoftware.com

Annual revenues increased to a record $23.9 million up from the $19.1 million in 2010 revenues, an increase of $4.8 million or 25%.  The Electronic Medical Records (“EMR”) division and the Enterprise Management Solutions (“EMS”) both contributed an equal $2.4 million of increased revenues to this achievement.  2011 earnings were a record $1.5 million or $0.03 EPS, as compared to $1.0 million and $0.03 EPS in 2010.   Revenues for the fourth quarter were also a record revenue quarter for the Company at $6.6 million, eclipsing the previous record achieved in the first quarter of 2011. 

HIGHLIGHTS:

• Revenue for the year ended December 31, 2011 was $23.9 million, a new record when compared to $19.1 million in 2010, the previous high.
• EMS revenue grew $2.4 million over 2010 which is an increase of 24%.
• EMR revenue grew $2.4 million over 2010 which is an increase of 26%.
• EMR revenue of $11.4 million for 2011 was a new record for the EMR division.
• EMR fourth quarter revenues of $3.8 million was a new record as well, benefiting from continued organic growth of core markets and the Healthscreen asset acquisition as of October 11, 2011, which added approximately $500 thousand in the quarter four.
• The acquisition of the assets and software of Healthscreen October 11, 2011 added over 5,000 new clients and significantly strengthened the Company’s position in the EMR market.
• The EMR division ended the year with over 9,000 physicians as clients across Canada, making QHR the largest EMR vendor in Canada.
• EMR division’s product Accuro® was approved by OntarioMD as one of four Specification 4.0 funding eligible vendors in Ontario.
• Recurring revenues during 2011 increased to $13.8 million compared to $12.5 million in 2010.
• The Company amalgamated all wholly owned subsidiaries under one operating company into QHR Software Inc. and formed two distinct divisions, EMS and EMR. The result is a simpler structure which will reduce costs and take advantage of certain tax strategies available to the Company.
  • Operating profit for 2011 was $3.3 million compared to $2.5 million in 2010.
  • The company maintained a strong working capital position and a commitment to delivering returns for shareholders.

“2011 was once again a record year of growth and profitability for QHR and demonstrates our continued commitment to the industry and our shareholders” said Al Hildebrandt, President and CEO of QHR.  “Both divisions contributed equally to this growth.  During 2011 through both organic growth and strategic acquisitions, QHR clearly established itself as the dominant EMR vendor in Canada by any measure”.  

Revenues

Revenue increased by $4.8 million of which $2.4 million is attributed to growth in the EMR division and $2.4 million is attributed to the EMS division.  Recurring revenue continues to grow and is an important component of the management strategy.  In 2011, recurring revenue grew from $12.5 million in 2010 to $13.8 million.

Net Earnings and Comprehensive income for the period ending December 31, 2011 is as follows:

(1)       EBITDA (earnings before interest, depreciation, taxes, amortization, stock-based compensation and foreign exchange) is a non-IFRS measure. Management believes that EBITDA is a useful complementary measure of pre-tax profitability and is commonly used by the financial and investment community for valuation purposes. 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.

 Operating Expenses

Operating expenses for the year ended December 31, 2011 including cost of goods sold were $20,582,088 compared to $16,610,288 for 2010, an increase of 24%. The increase in operating expenses is partly attributed to staffing increases in both the EMS and EMR divisions and the additional expenses related to the Healthscreen asset acquisition. The remaining increase in expenses over 2010 is as a result of the corresponding costs associated with the 25% increase in revenue for the year.

Selected Consolidated Financial Information

Outlook for 2012

The Company continues to be optimistic about both the EMS and the EMR markets.  In both these divisions, driving recurring revenue is a central objective and the results of 2011 reinforce managements disciplined approach to this strategic objective.  Increasing client usage of our products in our core markets, transitioning legacy based EMR acquired clients to the company’s flagship product Accuro, and the recent acquisition of Healthscreen will produce future opportunities for the company.  Growing the base of clients along with the recurring nature of our products’ now has annualized recurring revenue at $16.0 million.

In 2011 the Company made a significant investment in the EMR market, specifically in the province of Ontario and we expect to see strong growth in this market sector.  Our investment in the Healthscreen acquisition gave the Company a strong strategic position, turnkey staff and operational presence in the largest EMR market in Canada and we expect to leverage this opportunity as 2012 unfolds.  With this acquisition, QHR now services more than 9,000 physicians across Canada with clients in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.  Continued provincial expansion will form an important theme in the 2012 strategy.

The Company enters 2012 with a strong financial position and significant momentum in the markets it competes within.  Management continues to believe that the Healthcare IT industry has significant growth potential in the coming years which is driven by continued federal and provincial funding, an aging population which will become increasingly more demanding on the healthcare infrastructure, physicians demands for increasingly better, more reliable EMR products and a trend away from small regional vendors.  More stringent requirements are being placed on vendors by federal and provincial funding and regulatory bodies which will push marginal or poorly financed vendors or those with older technologies out of the market.

Based on current trends, management expects continued growth in revenues and earnings during 2012.  Revenue for 2012 is forecasted at $30 million based on the on-going contribution of the acquisitions made in 2011, and the strong base of recurring revenue in place.  The EMS division has a consistent pipeline of opportunities for both Workforce Management Systems and Financial Management Systems and the EMR division is emerging as the leader in the EMR market with a strong pipeline of organic customer opportunities as well as a backlog of conversions associated with Healthscreen and new sales.

For a more complete business and financial profile of the Company, management encourages interested parties to visit the Company’s website: www.QHRtechnologies.com.

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On behalf of the Board of Directors,

Al Hildebrandt, President and CEO   

Conference Call Details: The Company executives will host a conference call at 2:00 PM EST (11:00 PST) Wednesday, April 18, 2012 to discuss the Company’s 2011 annual financial results. To join the conference call, please dial Toll Free 888-231-8191, or local 647-427-7450 (Toronto) or 778-371-9827 (Vancouver).  Conference ID: 72819904

ABOUT QHR TECHNOLOGIES INC.

QHR operates two business units in distinct markets:

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.

The Electronic Medical Records (“EMR”) division offers a suite of medical software modules that provides computer-based medical records for over 9,000 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. The company also hosts many of these clients in its hosting facilities across Canada.

Legal Notice Regarding Forward Looking Statements

This news release contains “forward looking statements” within the meaning of applicable Canadian securities legislation. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statement. Forward looking statements in this press release include  that our recurring revenue will continue to grow; that certain named events have created opportunities for us; that physicians will demand better, more reliable EMR products and trend away from small regional vendors; that stringent requirements placed on vendors which will push marginal or poorly financed or older technology EMR vendors out of the market; that management expects continued growth in revenues and earnings during 2012; that revenue for 2012 is forecasted at $30 million; and that we can provide returns for our shareholders. Risks that may prevent or delay the forward looking statements from coming to fruition include that we may not offer products that are acceptable to industry regulators or customers; competitors may offer better or cheaper products; we may not be able to raise sufficient capital to improve products to remain competitive; changing regulatory requirements may prevent our products from being sold as expected; we may not be able to attract or retain key personnel; our technology may become obsolete; orders could be cancelled or delayed and market factors may increase our costs more than expected. QHR is a technology business development enterprise where investment and product enhancements must be carefully managed to achieve long-term revenue growth and profitability. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company’s website, www.QHRtechnologies.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, please contact:

Al Hildebrandt, President & CEO                                                    
250-979-1701     ahildebrandt@QHRtechnologies.com

John Gillberry, EVP & Chief Financial Officer                             
250-979-1722    jgillberry@QHRtechnologies.com

These contracts are for new and/or expanded licensing of the EMS division products and the related implementation services for clients installing Quadrant Workforce and Financial solutions. The EMS division’s specialized installation and training services are utilized when clients expand their user base or additional healthcare sites are added. 

“We are excited about the expansion of 2012 business opportunities for the EMS division which in addition to our recurring revenue provides the basis for continued business growth:” said Al Hildebrandt, President and CEO.

The majority of the new $1.6 million in licensing and related services contracts is expected to be delivered during the second and third quarters of 2012.

In a related corporate financial update, the Company will be reporting its December 31, 2011 annual financials and news release on April 17, 2012.  Following the financials release will be investor call hosted by company executives on Wednesday April 18, 2011 at 2:00 PM EST.  Call in instructions to be provided on the financials news release.

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 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 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. The EMR division also provides on-site and off-site (ASP) hosting capabilities.

 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 environments.

Legal Notice Regarding Forward Looking Statements

This news release contains “forward looking statements” within the meaning of applicable Canadian securities legislation. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statement. Forward looking statements in this press release include that we have secured $1.6 million in new EMS contracts and that the majority of the new $1.6 million in licensing and related services contracts is expected to be delivered during the second and third quarters of 2012.  Risks that may prevent or delay the forward looking statements from coming to fruition include that we may not offer products that are acceptable to industry regulators or customers; competitors may offer better or cheaper products; we may not be able to raise sufficient capital to improve products to remain competitive; changing regulatory requirements may prevent our products from being sold as expected; we may not be able to attract or retain key personnel; our technology may become obsolete; orders could be cancelled or delayed and market factors may increase our costs more than expected. QHR is a technology business development enterprise where investment and product enhancements must be carefully managed to achieve long-term revenue growth and profitability. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. 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.

 For further information, please contact:

 Al Hildebrandt, President & CEO                                                     250-979-1701     ahildebrandt@QHRtechnologies.com

 John Gillberry, EVP & Chief Financial Officer                              250-979-1722     jgillberry@QHRtechnologies.com

Client Services Representative – Kelowna

Optimed Software is a wholly owned subsidiary of QHR Technologies Inc. and is based in Kelowna, BC. Optimed’s product, Accuro® EMR, is an electronic medical records (EMR) software application for physicians and their clinics. The primary business of Optimed focuses on the development, marketing, distribution and delivery initiatives for Accuro to clinics across Canada.  Accuro is the highest customer rated National EMR software package in Canada. For further information on Optimed, please visit our website at: www.optimedsoftware.com

Position Summary:

Optimed is looking for a Client Services Representative (CSR) that will be responsible for providing application support to our clients via email and phone support. The CSR 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.

Product Analyst – Kelowna

Optimed Software is a wholly owned subsidiary of QHR Technologies Inc. and is based in Kelowna, BC. Optimed’s product, Accuro® EMR, is an electronic medical records (EMR) software application for physicians and their clinics. The primary business of Optimed focuses on the development, marketing, distribution and delivery initiatives for Accuro to clinics across Canada.  Accuro is the highest customer rated National EMR software package in Canada. For further information on Optimed, please visit our website at: www.optimedsoftware.com

Position Summary:

Reporting to the Product Analysis Manager, the Product Analyst will be responsible for business analysis and design for medical clinics, feeding development requirements to Optimed’s Electronic Medical Record Product, Accuro® EMR.

We are looking for candidates with some technical background in software and strong problem solving and troubleshooting skills.

System Administrator – Kelowna

QHR Technologies Inc. (QHR) is a publicly traded Canadian company specializing in software designed to improve the efficiency of professionals in healthcare and other markets.

Headquartered in Kelowna, British Columbia, Canada, QHR has focused on the business development of promising Canadian technologies to meet the needs of emerging or under-developed markets. For further information on QHR Technologies, please visit our website at www.qhrtechnologies.com

Position Summary:

QHR Technologies Inc. is looking for a System Administrator to manage and optimize current IT systems and implement new technologies to provide QHR and its subsidiaries the systems and enrolments they require to efficiently achieve their strategic corporate goals.

The System Administrator will be responsible for contributing to their team in understanding and analyzing the business unit and departmental requirements, mapping requirements to current system functionality, and aligning with QHR Technologies’ strategic objectives in determining IT system configuration and customization.