LEXINGTON, Ky., Sept. 10 VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI), a provider of secure technology for electronic health records and connectivity for web-based healthcare solutions, announced today an agreement with its subsidiary Secure eHealth to market DRM Security's Secure Document Courier and Storage technology (Cifra(TM)) to the healthcare markets.
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Secure eHealth will have preferred rights to market Cifra directly to end users including small and large physician groups, as well as preferred rights to market it to regional health organizations, health information exchange programs and other healthcare vendors and parties.
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VHGI President Jim Renfro said, "We are very excited to finalize this important agreement. This completes the foundation for our secure healthcare platform and gives healthcare providers a superior way to securely share and store critical patient information. This will ultimately help increase the quality of care while reducing the cost in our current healthcare system."
Cifra is integrated with the Secure eHealth System Tray Notifier(TM) product that has been licensed to Private Access, Inc., a provider of web-based tools that allows patients and healthcare professionals to control both the privacy and accessibility of confidential personal health records.
System Tray Notifier (STN) is designed to revolutionize the communication of sensitive healthcare information by providing single click access to important messages from within the user's system tray without interrupting workflow. It securely displays images, documents or messages directly from its server. Cifra is the secure messaging system and database that STN notifications point to. STN is based on two patents with others pending.
VirtualHealth Executive Vice President of Operations Robert Tapales said, "Our ability to market both Cifra and STN gives us a powerful and unique security platform for the healthcare market. Together they create an ideal security foundation for health information exchanges and for health information systems. The system is completely scalable so it is a beneficial security platform for just about any size organization or operation. This is a new level of protection that is packaged in a reliable, logical and simple solution with multiple layers and dimensions of security that provide superior protection in an easy to use interface."
"We believe this will become the industry standard because it gives physicians total and secure control of their information in ways that no other available product or service can. This is not a replacement for their current form of email. This is well beyond that. This is about ownership and secure control and transmission of documents created by medical providers," Tapales said.
The Secure eHealth Cifra platform will be installed and ready for use in September 2009. CIFRA will also become an imbedded component in VirtualHealth Technologies' Medical Office Software subsidiary (MOS) and a soon-to-be-announced all-inclusive Practice Management / Electronic Health Record solution.
Medical Office Software has over 1500 clients nationwide and markets solutions that both manage physicians' practices and transform them into a truly paperless environment.
For more information about Secure eHealth go to www.secure-ehealth.com
About Cifra
Cifra is secure communication software, developed by DRM Security, LLC that allows customers to securely store and share any type of digital file. Cifra accomplishes this functionality using technology that allows the originating user to specify document rights (viewing, editing, copying, printing, commenting) for the recipient within the closed network design, which can be revoked or changed at any time even while the recipient is viewing the content on their own screen. Using Cifra's secure viewer allows the sender to share virtually any file type with a recipient without that file ever being saved to the recipient's computer. Cifra also allows users to store files encrypted on a secure server. This robust application also provides instant messaging chat with other users within a highly secure environment.
About DRM Security, LLC
DRM Security, LLC is an industry leader in the field of secure communications software. DRM Security has developed Cifra, which prevents theft and unauthorized access of digital intellectual property by allowing users to share files without the files ever residing on the recipient's computer. To date, Cifra product sales are targeted for the legal and medical markets; however, the software has wider applications in any industry or market space where users wish to maintain the integrity, security, and privacy of their digital intellectual property. DRM Security, LLC is headquartered in Ft. Worth, TX.
About VirtualHealth Technologies
VirtualHealth Technologies (OTCBB: VHGI) is a provider of next generation technology that securely and efficiently connects healthcare providers and their communities. The company's various software platforms are built on years of experience in providing highly sophisticated technology solutions to existing medical customers. Services are targeted at physician practices as well as the pharmaceutical industry and state and federal regulatory agencies with the primary goal of reducing costs and increasing quality of performance. The company's core competencies are security, connectivity and digital information mobility.
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This press release contains forward-looking statements that reflect the Company's current expectations regarding future events. While these statements reflect the Company's best current judgment, they are subject to risks and uncertainties. Actual results may differ significantly from projected results due to a number of factors, including, but not limited to assumptions, beliefs and opinions relating to the business and growth strategy of VirtualHealth Technologies, Inc. and its wholly owned subsidiaries Verified Prescription Safeguards, Inc., VPS Holding, LLC, Secure eHealth, L.L.C., Medical Office Software, Inc. and implementation thereof, based upon the Company's interpretation and analysis of financial and market conditions, the decisions of businesses with whom the Company is either engaged in business with or negotiating, healthcare industry trends and management's ability to successfully finance, develop, market, sell and implement its e-commerce and internet solutions, clinical and financial e-transaction services and software applications to physicians, pharmacies, governmental agencies, laboratories, insurance companies, HMOs, and payers. These factors and other risk factors are more fully discussed in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any intent or obligation to update any forward-looking statements.
Contacts:
For further information contact Jim Renfro or Robert Tapales at 678.740-6008.
Investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at 305-451-1888 or email [email protected]
SOURCE VirtualHealth Technologies, Inc.
