KELOWNA, BC, July 23, 2013 – (TSX-V: QHR) QHR Corporation (formerly QHR Technologies Inc.) (“QHR” or the “Company”) a leader in the Canadian Healthcare Information Technology sector is pleased to announce that it has granted an aggregate 1,700,000 stock options to various directors, management and employees of the Company. Each option is exercisable at $0.70 per common share and is exercisable at any time until July 22, 2018. The options generally vest over a two year period in equal installments each quarter.
On behalf of the Board of Directors
Al Hildebrandt, President and CEO
About QHR Corporation
QHR is a leader in quality and technology, providing software and services in the following markets:
In the Electronic Medical Records (“EMR”) market, QHR offers a suite of medical software modules that provide computer-based medical records for family physicians, medical specialists, and surgeons, as well as administrative modules for billing and patient scheduling, that is a key component in the move throughout Canada to provide electronic healthcare records for all Canadians. QHR also provides on-site and off-site (ASP) hosting capabilities for the EMR market.
In the Enterprise Management Solutions (“EMS”) market, QHR specializes in workforce management software, which consists of integrated payroll, staff scheduling and human resource software, and in customized financial management software built on the Microsoft Dynamics GP platform. These products are targeted at complex healthcare, social services and public safety environments.
In the Revenue Cycle Management (“RCM”) market, QHR provides best in class clearinghouse services, with over 1500 payers, which assist US healthcare providers to exchange claim information that ensures accurate revenue management. QHR provides a progressive medical billing service that outsources coding, payer reconciliation and revenue reporting. QHR’s software also supports employer health plan enrolment, employee health plan eligibility and health care interoperability through a 5010 standard based EDI gateway. The RCM markets that QHR services are primarily in the US.
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Legal Notice Regarding Forward Looking Statements
This news release does not contain any “forward looking statements” within the meaning of applicable Canadian securities legislation. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company’s website, www.QHRtechnologies.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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