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MMRGlobal Announces Another Hospital Patent License Agreement at HIMSS13

05-Mar-2013 | Source : AG-IP News | Visits : 12157
NEW ORLEANS, LA - MMRGlobal Inc. announced in a press release that through its wholly owned subsidiary, MyMedicalRecords, Inc., it has reached an agreement to license MMR's extensive health IT patent portfolio, which includes seven US patents -- Nos. 8,301,466; 8,352,287; 8,352,288; 8,121,855; 8,117,646; 8,117,045; and 8,321,240 -- to Olympia Medical Center.

The License Agreement also includes rights to additional pending applications and continuation applications, all of which involve inventions pertaining to Personal Health Records, Patient Portals and other Electronic Health Record systems. Olympia is a Los Angeles-based hospital with 204 beds, staffed by more than 600 physicians representing over 40 specialties, and known for its continuous program enhancement and excellence in service. With the latest license, the Company goes into its first day at HIMSS with royalty-based license agreements with EHR vendors, surgery centers, PHR vendors, Interbit Data, wellness providers, Burkhart Dental, and hospitals in addition to reseller relationships with healthcare professionals, associations, retailers and others as a direct result of MMR's patented IP embedded in its MyMedicalRecords Personal Health Record and MMRPro document management and imaging services for healthcare professionals. The Company is exhibiting at the HIMSS 2013 Annual Conference and Exhibition, in booth #3363.

As a result of heightened awareness of the MyMedicalRecords patent portfolio, the Company will be meeting with hospital administrators, providers, retail pharmacies, patient monitoring and telemedicine service providers and laboratories, as well as other software and equipment vendors in the healthcare and wellness markets. Without a license to the MMR patent portfolio, hospitals and providers could find themselves infringing on MMR's IP, since in order to fully qualify for incentives under the HITECH Act, Meaningful Use core requirements to provide patients access to their personal health information through a Web-based portal must be met.

According to a study and valuation done on the Company's global patent portfolio, there are more than 5,500 hospitals, 150 PHR vendors and 750 EMR vendors as well as providers, payers and pharmacies that are potential licensees of the MMR Patent Portfolio. The detailed report is available at http://michaelbass.com/PDF/Patent_Valuation.pdf.

The Company has also said it will also meet with investment bankers and institutional investors interested in syndicating limited partnership interests in the Company's international health information technology patent portfolios which include twelve additional countries of commercial interest with patents issued pending and applied for in Australia, Singapore, New Zealand, Mexico, Japan, Canada, Hong Kong, South Korea, Israel, and European nations. As in the United States, the patents involve inventions pertaining to Personal Health Records, Patient Portals and other Electronic Medical Record systems.

Last week, MMR announced it will introduce an Integrated Wellness Mobile App at HIMSS. The App is a comprehensive, self-management system which allows users to take control of their own health and wellness, connect wirelessly with their MyMedicalRecords Personal Health Record, and share information with health providers and wellness coaches.

The MyMedicalRecords patent portfolio further includes claims directed to Web-based services that provide access to and collect health records from service providers, including, but not limited to, retail pharmacies and laboratory systems as well as hospitals, physicians and other healthcare professionals, using email, facsimile, file upload, HL7, encrypted PDF and voice. Certain claims in newly allowed applications also relate to collecting insurance information, appointment and medication reminders, drug interaction tools and other features that are already included in MMR's MyMedicalRecords.com PHR.

MMRGlobal Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, financial institutions, retail pharmacies, and professional organizations and affinity groups. 

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