RENO, Nev., Sept. 28, 2011 /PRNewswire/ -- Visual Healthcare Corp. (the "Company") (PINKSHEETS: VSHC) announces that it will be supplying technology solutions to a consortium set to deliver mobile ambulatory applications to one of the larger provider organizations in America. The company will be providing a smart operating core for this large scale project that will see for the first time hundreds of thousands of patients linked in real time to their provider organization through a flexible and reliable network.
"The company is leveraging some of its advanced technology into a profitable business deal," says Chairman Gerard Dab. "Those who follow our company know that we have been way ahead of the curve when it comes to ambulatory and home monitoring."
According to a recent KLAS Report titled "Homecare 2011: New Expectations, New Market Energy," home care delivery and monitoring information systems is one of the fastest growth areas in healthcare.
The consortium will be delivering mobile apps over a large network. These applications are designed to link patients with their clinics and allow physicians to supervise the care and tracking of patients with chronic illnesses specifically, including following the convalescence and rehabilitation process.
The Company expects its share of revenues from this project to reach some $17 million over the first 24 months of the project. Further revenue sharing agreements will be determined after the initial phase of the engagement.
ABOUT VISUAL HEALTHCARE
Visual Healthcare Corp., since 1998, designs, creates and develops innovative information platforms, specifically conceived for the automation of a wide range of scientific disciplines. These include pharmaceutical research, clinical trials, laboratory automation, true quality assurance tools, total quality control applications. They also include quantitative analytic tools such as proprietary frameworks for electronic health records, electronic prescription, infection and disease control, and smart cancer registries. The company's extensive portfolio of proprietary technologies is the result of a unique collaboration between senior clinicians from the McGill University Faculty of Medicine and affiliated tertiary care centers, medical software architects, and a Fortune 100 healthcare service company, investing some $50 million in the process. The Company licenses its technology to operating companies in exchange for an equity stake or a royalty stream. It owns significant stakes in various companies including VisualMED Clinical Solutions Corp. (NASDAQ OTC: VMCS), a leader in the field of electronic health records.
For more information, please visit: www.visualhealthcarecorp.com.
FORWARD- LOOKING STATEMENTS
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
Gerard Dab, CEO
Visual Healthcare Corp.
SOURCE Visual Healthcare Corp.