Tuesday, August 10, 2010

iMedicor & USA MCO Announce Strategic Alliance To Create National Healthcare Communications Network

http://www.tradingmarkets.com/news/stock-alert/zzgfv_vmci_imedicor-and-usa-mco-announce-strategic-alliance-agreement-to-create-the-national-healthcare-commun-1100069.html

iMedicor and USA MCO Announce Strategic Alliance Agreement to Create the National Healthcare Communications Network

Posted on: Tue, 10 Aug 2010 07:15:14 EDT


Symbols: ZZGFV, VMCI
NANUET, NY, Aug 10, 2010 (MARKETWIRE via COMTEX) --

iMedicor (OTCBB: VMCI | PowerRating) and USA MCO today announced a new Strategic Alliance creating one of the first nationwide HIPAA compliant National Healthcare Communications Networks (NHCN). USA MCO, one of the nation's largest Managed Care Organizations, will launch a joint awareness campaign with iMedicor to let physicians within its network know that they now have simple access to a national Healthcare Information Exchange (HIE) that will allow physicians to satisfy "meaningful use" regulations. The focus will be the enrollment of USA MCO's 350,000 plus physicians, medical practices and other healthcare providers into the iMedicor HIPAA compliant Health Information Exchange and social community portal. USA MCO represents nearly half of the practicing physicians in the United States.

The alliance provides a major step forward in the Federal government's healthcare initiative focused on a transition to mass adoption of health information technology and the mobilization of personal health information. The USA MCO / iMedicor NHCN will provide full interoperability for secure transport and exchange of medical files, records, images and patient-specific information in the form of secure messaging and standardized data exchange. The NHCN addresses several of the key requirements of "Meaningful Use" regulations involving information exchange. In addition, the network will adhere to the evolving National Health Information Network ("NHIN") Direct protocols and utilize the NHIN Connect interoperability tools. The entire service offering is focused on ease of operation, efficiency of clinical workflow, qualifying for stimulus funding to offset the cost of transitioning from paper to digital medical records systems and provides better healthcare through modern communications.

The network will provide the following:

--  A National Health Information Exchange  --  Simplified HIPAA compliant secure messaging to facilitate      communication between physicians, staff and patients.  --  Discreet data exchange through standards recognized by the ONCHIT      standards committee.  --  Build and create community, patient-specific peer collaboration and      expansion of referral networks,  --  Access to educational resources, certified CME, skill level and      product / device specific resources.    

Unlimited use of the NHCN will only be $19.95 per month per physician. Other Healthcare providers and medical practice staff members connected to the originating physician's subscription will be charged a discounted rate relative to the originating physician's subscription.

"This is an exceptional opportunity and value to the healthcare community," said George Bogle, Chairman and CEO of USA MCO, "With incentives being planned and developed for participating physicians through the Medicaid / Medicare system that reduces expense through electronic administration and claim support, and the ability of our new network to reduce cost and increase the quality of healthcare in our country, every area of the healthcare community will benefit. We believe that over the next six months a majority of our 350,000 physicians and their practices will engage with the National Health Communications Network."

"After working closely with USA MCO over the past several months, we are very proud that the iMedicor network has been selected by them to create the nation's first HIPAA compliant Healthcare Communication Network," said Fred Zolla, CEO of iMedicor, "This is a major step forward in creating an interoperable, National Health Information Exchange that will support the transition from paper to electronic medical records. Healthcare in our country is State of the Art, yet this sector still uses old and ineffective communications technology, which is the principal barrier to implementing widespread use of electronic medical records. The National Healthcare Communication Network created with this alliance is a major step forward in solving this problem. iMedicor is ready to implement this project as well as several other large scale projects already underway."

About iMedicor:

iMedicor is the only HIPAA-compliant solution for interoperable health information exchange (HIE) that offers a variety of related services to healthcare providers and patients. The iMedicor portal enables physicians, administrators and other qualified healthcare professionals to exchange medical records, files and images in a HIPAA compliant environment and allows disparate EMR (electronic medical record) systems to integrate and share data. iMedicor also delivers important information on new drugs and treatments to its members as well as the members of its syndicated partners through their ClearLobby platform. More information on iMedicor is available at www.imedicor.com