Healthcare experts say a vexing problem that puts patients at risk is playing out nationally: the computer systems American hospitals and doctors’ offices use to send and store a patient’s medical records can’t talk to one another.
Worse, when Americans travel overseas on business or vacation, the problem morphs from frustrating to dire, as foreign hospitals and doctors have no way of accessing vital, potentially life-saving Personal Health Records.
Analysts and health information technology experts in the booming Electronic Medical Records industry say breaking through the “interoperability” barrier–the ability for Electronic Medical Records systems to seamlessly communicate with each other–will take years. Last month, the Office of the National Coordinator for Health Information Technology told the New York Times modernizing America’s health tech infrastructure to achieve interoperability will take at least a decade.
Enter industry disruptor MMRGlobal, an emerging publicly traded company (MMRF) that has created a system called MyMedicalRecords that allows patients to store all their personal health information in a secure Personal Health Record online “vault” that can be accessed anywhere, anytime. MMRGlobal’s proprietary, patented technology is poised to benefit from the growth and valuations in the eHealth industry. Their MyMedicalRecords Personal Health Record (PHR) has already caught the eye of employee benefits managers, affinity groups, and retailers like Walgreens.com and drugstore.com, both of whom now carry a MyMedicalRecords Personal Health Record Kit.
“Since 2005, MyMedicalRecords has been focused on giving patients the ability to access their medical records from any healthcare provider, from anywhere in the world, regardless of the system used whether electronic or plain paper. With more than 25 billion dollars of government stimulus monies already paid to eligible hospitals and healthcare professionals over the past three years, patients are now being told they could wait another 10 years before the nation’s labyrinthine hospital computer nightmare is untangled. “That is why we built a secure, portable, easy-to-use solution that empowers patients to take control of their health information in real time, especially in an emergency,” said MMRGlobal Chairman and CEO Bob Lorsch.
The MyMedicalRecords Personal Health Record Kit gives customers a user-friendly solution to authorize doctors and hospitals using any Electronic Medical Records system to “deposit” protected health information for an entire family directly into a patient’s encrypted MyMedicalRecords “vault.” Users receive an alert when new records are received into their account in any number of secure ways, as well as through a dedicated “Lifeline” telephone number that connects with a special Emergency Login. This separate emergency portal makes patient-controlled, potentially life-saving health information accessible to medical personnel and first responders in an emergency or natural disaster. Each MyMedicalRecords Personal Health Record account allows users to store the health records of up to 10 family members, including veterinary records for pets.
MMR believes its MyMedicalRecords patented technology, ease-of-use for patients and doctors, and portability make it poised to exploit the void created by the lack of interoperability within the world’s health IT market, projected to reach more than $162 billion by 2015.
MMRGlobal’s growth trajectory is fueled in part by the company’s aggressive and robust patent portfolio. Since inception, MMR’s health IT Patent Portfolio has grown to include 13 issued U.S. patents with over 300 claims and additional and continuing applications, bringing the total to over 600 claims. The company also has issued patents and pending applications in 11 other countries or regional authorities of commercial interest, including: Australia, Singapore, New Zealand, China, Mexico, Canada, Japan, Hong Kong, South Korea, Israel, and Europe.
In addition to serving individual customers, MMR also provides services as employee benefits to numerous employers and professional organizations. The company has also expanded into the patient care space with its development of MMRPro, a SaaS application that gives small-to-mid-size physicians’ offices a cost-effective, easy-to-use solution for digitally capturing, storing, and sharing records and images.
“The future of the Personal Health Records industry is all about providing individuals and families with an affordable, portable, easy-to-use system that gives them control by enabling access to all their medical records and other important documents in one secure place,” says Lorsch. “That’s exactly what MyMedicalRecords.com has done. And that is why we believe our product is a cost-effective solution to closing the nation’s Electronic Medical Record interoperability gap for patients.”
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