MMRGlobal Receives Third U.S. Patent for Providing Online Medical Records |
|
|
| By Marketwire - Medical and Healthcare |
| Wednesday, 22 February 2012 08:36 |
|
United States Patent No. 8,121,855 entitled "Method and System for Providing Online Medical Records" further expands the protection for the Company's technology related to online Personal Health Records and document imaging and filing solutions. The patented methods are embodied by the Company's solutions, including the storage, management of, and emergency access to health records and other important documents. This is the third in a series of patents recently announced by the Company.
The latest patent specifically includes claims to automatically determine a proper patient PHR account so that an individual fax number is not needed. Additional functionality includes accessing and collecting personal health records and data associated with a patient. The solution also enables authorizations to receive protected health information to be automatically kept on file so that records can be added to a patient's PHR as they are created in the future. This process simplifies what the patient needs to do to manage the health records for themselves and their family. The newest patent also provides for patients to receive voice communications messages from healthcare providers through their PHR account. The Company also plans on offering patented Personal Pet Records through Dancing Paws (www.dancingpaws.com). "We are currently exhibiting at HIMSS 2012, the largest and most important health IT conference and exhibition in the world, showcasing our MyMedicalRecords Personal Health Record products and services," said Robert H. Lorsch, MMRGlobal Chairman and CEO. "The Company's health IT and biotech patents represent significant value to the Company's shareholders as the national mandate that Americans have access to an electronic Personal Health Record by 2014 under the HITECH Act approaches. We are already scheduled to receive substantial licensing revenues from our intellectual property rights." According to a Jan 20, 2012 report issued by The MichaelBass Group, an investment banking and strategic advisory services firm focused on health IT, the patents owned by MyMedicalRecords, Inc., the Company's wholly owned-subsidiary, are valued at $300 million to as much as $800 million. The report, available at http://michaelbass.com/PDF/JAN20MMRF.pdf, cites the market for Personal Health Records at $19 billion and focuses on the patents issued and pending in connection with a "Method and System for Providing Online Medical Records" and a "Method and System for Providing Online Records." The patents cover numerous claims involving the provision of Personal Health Records and other health information and document management systems and technologies. The patents also address the management of paper and other information contained in a Personal Health Record and deal with the fact that while doctors are migrating to Electronic Medical Records, the average physician still receives an average of 1,033 faxes per month of patient information. The Company's growing portfolio of health IT patents also includes those already issued to MMR in Australia and Singapore and others pending in countries around the world. These patents and other pending patent applications will be utilized in the Company's suite of Personal Health Record and professional document management and imaging systems and MyEsafeDepositBox (www.myesafevideos.com) products and services. MMRGlobal also owns a significant portfolio of biotech assets, which were acquired as a result of its reverse merger with Favrille, Inc., a San Diego biotech company, in January 2009. The Company spent more than $140 million on the development of a portfolio of biotech assets and related patents including the FavId® idiotype vaccine that was the Company's lead product candidate for the treatment of B-cell Non-Hodgkin's Lymphoma and also panels of anti-CD20 antibodies. Over the last several years, MMR has been working to maximize the value of both its health IT and biotech intellectual property portfolios, which are already the subject of substantial license agreements. About MMRGlobal, Inc. Forward-Looking Statements Read more http://www.marketwire.com/mw/release.do?id=1622854&sourceType=3 |

















