TMCnet - World's Largest Communications and Technology Community

TMCnews Featured Article

July 27, 2012

RHL Group Increases Credit Line of MyMedicalRecords to $4.5 Million

By Anil Sharma, TMCnet Contributor

MMRGlobal, Inc., a provider of Personal Health Records (PHRs) and electronic document management and imaging systems for healthcare professionals, has said that The RHL Group, Inc. will increase the credit line of MyMedicalRecords, Inc., wholly-owned operating subsidiary of MMRGlobal, by $1.5 million to a total of $4.5 million.

Officials with MMRGlobal said that the increased credit facility will help the company with sales and marketing of its MyMedicalRecords patented Personal Health Record and MMRPro professional products and services as well as continue ongoing talks with potential strategic partners to add to and exploit its biotech portfolio.

According to company officials, the company is also working on identifying a chief science officer to help manage and license existing biotech assets including patents, patient samples and other related intellectual property and other opportunities.

Robert H. Lorsch, MMRGlobal's chairman and CEO, is also CEO of The RHL Group, Inc.

"eHealth is clearly becoming the standard for the future of healthcare. Based on the Company's eHealth and biotech patent portfolios, I believe the company is severely undervalued at this time. I cannot think of a better way to communicate my support and enthusiasm for MMR's future than to increase its RHL Group credit line by 50 percent. As a result of the passage of the HITECH Act, having a Personal Health Record will someday be as important as having a credit report," said Lorsch, in a statement.

According to company officials, the company sells its personal health record products and services direct to consumers and healthcare professionals, employers, affinity groups, nurse advocates, senior care providers and retailers.

The company sells its MMRPro document management and imaging systems to physician group practices, ambulatory surgery centers and small hospitals.

MMRGlobal is considered to be a major provider of personal health record services. The company is uniquely positioned to capitalize on the rapid growth of health IT and the national and worldwide adoption of eHealth solutions and services as it owns the underlying technology and numerous patents issued pending and applied for globally in the healthcare IT sector.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO West 2012, taking place Oct. 2-5, in Austin, TX. ITEXPO (News - Alert) offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. For more information on registering for ITEXPO click here.

Stay in touch with everything happening at ITEXPO. Follow us on Twitter.

Edited by Rich Steeves

blog comments powered by Disqus

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy