« MMA and ePrescribing - New Compliance Standards for eHealth | EPN - Electronic Prescribing News Home | Venquest Capital Ltd. Announces Qualifying Transaction »
April 19, 2005
PaperFree Medical Adds Real-Time Electronic Prescribing to Its MD PaperFree Product
PaperFree Medical Adds Real-Time Electronic Prescribing to Its MD PaperFree Product
Tuesday April 19, 8:30 am ET
- Product enhancement allows doctors to automatically send prescriptions to pharmacy from patient's bedside
- PaperFree's solution offered at most competitive rates in the industry
In a move to further enhance its MD PaperFree® EMR solution, PaperFree Medical Solutions Inc. (OTCBB:PFMS - News) announced today that it has signed a Memorandum of Understanding with NewCrop LLC. In accordance with the agreement, PaperFree Medical will license and integrate NewCrop's real-time electronic prescription technology into MD PaperFree®.
The Newcrop(TM) Electronic Prescribing system allows medical practitioners to use their PDAs or other networked devices such as laptops and desktop computers to automatically fax prescriptions to pharmacies. This reduces the time and effort required from both the patient as well as the medical provider to fill prescriptions. The technology also includes another time-saving feature which automatically interfaces with patient insurance records to verify which drugs are covered by insurance companies, thereby making a better choice in prescribing drugs for the patient.
The additional functionality of electronic prescriptions increases PaperFree's competitiveness in the marketplace by making MD PaperFree® the most comprehensive package for the price point available on the market today.
Bill Sklar, president of PaperFree Medical Solutions, commented, "We are pleased that we have the capability to develop and market a product that can offer this kind of functionality at a price point far lower than other products on the market. We believe adding new functionality such as electronic prescriptions to our MD PaperFree® products puts us in a position to capture larger market share by providing a highly functional system that is both user friendly and cost efficient."
The integration of Newcrop(TM) Electronic Prescribing into MD PaperFree® has been accelerated by PaperFree's newly formed Software Development Center.
About NewCrop LLC
NewCrop LLC provides integrated and complete electronic prescribing components designed for partnering with other medical office applications, including a complete re-branded doctor-to-pharmacy solution. Infrastructure for pay-for-performance and DOQ-IT is incorporated. Contact: Lawrence Susnow, M.D., LSusnow@newcroprx.com, 713-662-3578. www.newcroprx.com
About PaperFree Medical Solutions Inc.
PaperFree Medical Solutions Inc. offers electronic medical records, practice management software systems and broadband wireless connectivity to the physician office, clinic and hospital. This patient information software solution will initially focus on the medical community's needs to meet the new HIPAA regulations. The company is positioned to become a major provider of medical facility software and hardware solutions including secure computer ASP servers with fully encrypted Internet and wireless access technology. The company has done extensive research within the health care market and determined that an area of extreme growth over the next three to five years is medical facility automation and information management and security, with a primary focus on the solo and group practice physician office.
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits, and other factors over which PaperFree Medical Solutions Inc. has little or no control.
Contact:
MCC Financial Services
Dilek Mir, 310-453-4667, ext. 235
ir@mcglobal.com
Source: PaperFree Medical
Posted by cmayaud at 11:13 PM | Permalink| Comments (0)
Del.icio.us Tagging |
Digg This
| Posted to NewCrop | PaperFree Medical
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)
