Kodak, the world’s foremost imaging innovator, today signed MyMedicalRecords, Inc. (â€œMMRâ€), a subsidiary of MMR Information Systems Inc., as their independent software vendor in an agreement that will enhance how doctors provide electronic information online.
Kodak Scanners and Kodak Capture Software, both of which are state-of-the-art in their field, will work seamlessly with the MMR Pro System and Personal Health Records (PHR) products. Together, these technologies help healthcare professionals lower the cost and increase the efficiency of digitally capturing and managing information from paper-based medical files.
In February, President Barack Obama signed the American Recovery and Reinvestment Act (ARRA) of 2009 with improved digital records management as a top priority. MMR assists healthcare professionals in search of effective electronic document management solutions and streamlines the process of sharing health information between doctors and their patients. Presently, more than 500,000 users have access to MMRâ€™s PHR product network.
Kodakâ€™s document capture software and scanners couple performance and ease of use to enhance the accuracy and efficiency of processing high quality images from paper-based documents. These precision-driven document capture capabilities will allow healthcare professionals to upload and access patient information in real-time using MMRâ€™s Web-based, Software-as-a-Service (SaaS) applications, including mymedicalrecordsmd.com, mmrpatientview.com andmymedicalrecords.com. This feature also enables doctors and patients to manage and access records securely from any Internet connection anytime from anywhere in the world.
Robert H. Lorsch, the companyâ€™s Chairman and CEO, said, â€œUtilizing Kodak product furthers our commitment to develop professional services that will improve the quality of patient care. Developed specifically for todayâ€™s changing healthcare demands, the features in our Professional and Patient directed PHR products are built on proprietary patent pending technologies and are designed to enable both physicians and their patients to more easily access and share medical records with significant emphasis on meaningful use.â€
One of the key aspects of this new technology is the ease with which it can be utilized. For example, medical records can be easily uploaded, faxed or dictated in MMRâ€™s MyMedicalRecords and MyMedicalRecords PHR products. Professionals and patients alike can easily view pr print selected uploaded health information in the event of an emergency through MMRâ€™s proprietary Emergency View.
â€œKodak works with ISVs serving many industries. Healthcare focused ISVs such as MMR advance how doctors can integrate paper-based medical health information within digital systems and more easily provide information to healthcare consumers via solutions such as MyMedicalRecords PHR,â€ stated Don McMahan, Regional Business Manager and Vice President Sales, US&C, Document Imaging, Business Solutions and Services, Eastman Kodak Company. â€œMMRâ€™s rapidly growing membership will significantly help to spread the adoption of these critical technology solutions for healthcare.â€
While most companies have taken a hit in the current market, Kodak has been recently making up ground trading in the $4.37 range which is well off of its 52-week high of $16.90 while MMR Information Systems, Inc. is trading in the $0.12 range. With this new deal in place and the economy showing signs of life, Kodak (NYSE: EK) is likely to make up for losses while MMR Information Systems, Inc. (OTCBB: MMRF) can be had for pennies on the dollar and may branch out to be a powerhouse in the near future.
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