HealthMagic Inc. and eMed Group Inc., both leading Web-based consumer health information technology companies, have signed a contract for eMed to license HealthMagic's personal medical record software, called HealthCompass. As part of the mutual agreement, eMed will incorporate the HealthCompass software into its HealthResume suite of services, enabling health care consumers, employees and members of managed care plans to maintain a portable, accurate and updated private copy of personal patient health records utilizing the latest Internet technologies.
The eMed company is committed to empowering individuals by assembling the personal medical record and unlocking its various benefits for patients, providers, employers and managed care organizations, as stated by Guy B. Snowden, eMed Chairman. HealthCompass is able to provide a solid technical foundation for eMed and will add significant value for all of the HealthResume participants, according to his belief. Paul R. Averill, eMed President and Chief Executive Officer adds that eMed's innovative approach to the personal medical record marketplace requires a broad range of clever solutions. The HealthCompass technology platform offers a key component of eMed's services.
It is the president's conviction that the incorporation of HealthCompass into eMed's integrated health compliance, and screening and case management offerings, allows employers and health plans to lower costs while providing their employees/members with a valuable benefit in the form of their own personal HealthResume. Calvin Wiese, President and CEO of HealthMagic is very excited that his company's consumer lifelong health record software will be a key component of eMed's HealthResume service. Both companies share the belief that the way in which information is being organized in the health care arena is going to change substantially.
The new paradigm will organize information in a consumer-centric manner. Everything will turn on putting the consumer in the centre of the health care information universe, according to Calvin Wiese. HealthResume constitutes an Internet-based suite of products and services, providing for the ongoing collection, storage as well as management of an individual's personal health record. The HealthResume service offers the ability for the individual user to build and maintain a personal medical record and has been integrated with features designed to assist health plans and employers with the early and continuing identification, assessment as well as management of high-risk HealthResume participants.
HealthResume is a vehicle for improving communication among the health industry stakeholders, lowering health care costs, improving patient health, and increasing compliance with disease prevention guidelines and treatment plans. This is achieved by leveraging the data contained within the personal health record. HealthCompass is Internet-based health record software that allows consumers to develop a lifelong health record for themselves and their family members on the Internet. The record includes personal but equally demographic information, health care contacts, various data on allergies, immunizations, office visits, tests, treatments, assessments, and also health histories, as well as a personal health journal.
In addition to the record itself, applications such as risk assessment, self-care and interactive health tools enhance the personal value of the record. Health vectors, proprietary tools developed by HealthMagic, utilize data from the lifelong health record and eMed's database to personalize the health data to each visitor. HealthCompass sits on a proprietary platform which utilizes digital certificates and the latest encryption and security technology in order to ensure that all health information is private and secure. HealthMagic Inc. is a Web-based technology company which develops state of the art health care applications for the Internet.
The company is focused on the consumer-centric paradigm shift in health care and is leveraging technology to develop rich and intelligent work flow processes that empower the consumer to better manage his health through ubiquitous access to information over the public Internet. HealthMagic's lead technology is HealthCompass. The eMed Group is a technology and services company which provides consumer oriented health information management solutions. This company provides health data management services to consumers, employers, providers and managed care organizations which address cost and quality issues, high-risk patient identification, care management and assessment services, as well as other direct health care information services for consumers.