ALBUQUERQUE, N.M., Feb. 25, 2013 /PRNewswire/ -- Net Medical Xpress Solutions, Inc. (OTCQB: NMXS) said today the rapid growth of the company's telemedicine business reflects forecasts for the industry.
CEO Dick Govatski said, "The eight new medical groups that have contracted to implement our advanced telemedicine programs are coming online before the end of this month. These groups span from Georgia to California. They have completed final installation and start up procedures, even as we are close to signing significant additional business in March. The number of groups signing on is a larger increase over our new business from January 2013.
"This unprecedented growth in our company reflects the forecast of research firm GlobalData. GlobalData has predicted that the worldwide telehealth and telemedicine market will grow at a compound rate of 14% between 2011 and 2018, reaching $32.6 billion. A nationwide shortage of medical specialists, particularly in rural areas, is driving significant changes in the industry that we believe will demand our solutions. We believe this need will only increase as the Affordable Care Act brings millions more potential insured patients into the national healthcare system."
Net Medical's telemedicine programs include remote examinations for diagnostic radiology and cardiology as well as clinical examinations in the specialties of neurology, psychology and cardiology. In 2013, Net Medical expects to add specialists in critical care, ICU, orthopedics, nephrology, urology and hospital based telemedicine services for nursing homes and rehab hospitals.
The Company said it plans to release 2012 financial results around the end of March 2013.
About Net Medical Xpress Solutions, Inc:
Net Medical Xpress' Telemedicine programs provide diagnostic and clinical medical services to mobile companies, urgent cares, hospitals, trauma centers, imaging centers, jails, nursing homes, corporate health departments, and out patient medical facilities. The company's proprietary, web-based XR-Express 510K FDA cleared PACS is Net Medical Xpress foundation software, which enables medical providers to make real-time assessments of patients' conditions and treatment needs.
For more investor-related questions contact Frank Hawkins, Hawk Associates, at 305-451-1888 or Dick Govatski at 505-255-1999 (email@example.com).
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.
SOURCE Net Medical Xpress Solutions, Inc.