Home » News Releases

QHR Technologies RSS Feed

News Releases

Optimed Agrees to Manage 200 Doctors in British Columbia

Tuesday, February 27, 2007

February 27, 2007 (QHR - TSX Venture Exchange) Mr. Al Hildebrandt, President and CEO of the Company, is pleased to announce that its wholly owned subsidiary Optimed Software Corporation ("Optimed") has entered into an agreement with Medco Systems Inc. ("Medco"), a private British Columbia company operating a "legacy" medical billing software to acquire and manage the IT needs of their 200 doctor physician client base currently using Medco's Practice Management System ("PMS").

The agreement will take effect as of March 1, 2007. Optimed will manage and support Medco's client base currently using PMS and begin transition strategies to move these client's onto Optimed's proprietary electronic medical records ("EMR") product known as Accuro™ EMR.

In a recent communication with their PMS clients announcing the agreement with Optimed, Mr. Ted Devries, President of Medco stated that, "We have identified Optimed Software Corporation, a QHR Technologies company as having, in our opinion, the best EMR available."

The EMR market is emerging and consolidating in Canada. Numerous small vendors many of whom do not have the resources to build full EMR systems currently service the medical practice market. The transaction with Medco reflects the ongoing consolidation in the EMR market. Optimed now manages the technology needs of over 1,200 doctors in western Canada with 275 doctors utilizing Accuro™ EMR systems.

Optimed has built its Accuro™ product solutions to meet the specific needs of individual doctors and their business practices. Doctors adopting Accuro™ EMR take advantage of quick implementation, ease-of-use, comprehensive flexibility and may configure their personal management preferences to streamline workflow. This is a unique competitive feature differentiating Accuro™ EMR from our competitors in Canada.

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

Al Hildebrandt
President & Chief Executive Officer

Legal Notice Regarding Forward Looking Statements

This news release contains "forward looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements included in this news release include that the transaction will add 200 doctors to the client operations of the Company but the transaction does not add enough revenue to assure profitability or the potential need to raise additional new equity capital should new sales levels in 2007 not reach budgeted requirements. These statements are subject to risks that may cause the actual results to be materially different from those expressed or implied by such forward looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Further risk information on the Company is available at www.sedar.com.

For further information, please contact:

Al Hildebrandt at (250) 979-1701
ahildebrandt@QHRtechnologies.com

Investor Relations - Tangent Mgmt. 1-866-345-0115
info@tangentmanagementcorp.com

Toll Free: 1-866-345-0115

Click here to download a PDF

© 2007, QHR Technologies Inc.

----------------------------------------------------------------------------------------------------

QHR Software Receives New Contracts Worth $600,000

Monday, February 19, 2007

February 19, 2007 (QHR - TSX Venture Exchange) Mr. Hildebrandt, President and CEO of the Company, is pleased to report that the Company's wholly owned subsidiary QHR Software Inc. has been awarded several new contracts from Canadian healthcare clients to supply its full suite of proprietary Quadrant HR™ software.

The contracts will provide approximately CDN$600,000 in new revenue for the Company and CDN$50,000 in additional recurring revenue annually. These contracts cover various functionalities from the full suite of Human Resource (HR) applications that constitute Quadrant HR™. This includes integrated payroll, staff scheduling and HR administration. Implementation schedules are being established and are expected to
commence shortly. QHR Software does not require any additional resources or product development to fulfill these contracts.

The Company's overall recurring revenue will move to approximately $2,800,000 annually as a result of these new contracts. This represents over 50% of the Company's annual expenditure budget.

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

Al Hildebrandt
President & Chief Executive Officer

Legal Notice Regarding Forward Looking Statements

This news release contains "forward looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements included in this news release include that the transaction will add 200 doctors to the client operations of the Company but the transaction does not add enough revenue to assure profitability or the potential need to raise additional new equity capital should new sales levels in 2007 not reach budgeted requirements. These statements are subject to risks that may cause the actual results to be materially different from those expressed or implied by such forward looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Further risk information on the Company is available at www.sedar.com.

For further information, please contact:

Al Hildebrandt at (250) 979-1701
ahildebrandt@QHRtechnologies.com

Investor Relations - Tangent Mgmt. 1-866-345-0115
info@tangentmanagementcorp.com

Click here to download a PDF

© 2007, QHR Technologies Inc.

----------------------------------------------------------------------------------------------------