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VisualMED Clinical Solutions
Corporation
VisualMED Clinical Solutions Corp. markets and distributes clinical
management solutions that help hospitals and healthcare authorities
reduce medication errors, increase personnel efficiency and bring
down operating costs. One of its key decision support components is
a core solution in the new agenda to promote greater patient safety
and reduce risks due to medication errors.
OFFICERS & DIRECTORS
Gerard Dab
has been Chairman and Chief Executive Officer
and a director of the company since October 2004. Mr. Dab holds an
Honors BA and an MA from McGill University. After an academic career
and serving as an executive with advertising company Foote, Cone &
Belding of Chicago, he served as President of Productions Publi-Cité
Inc. of Montreal, a film production finance company, from November
1985 to June 1992. From June 1992 to April 1998, Mr. Dab was
executive producer of “Finance,” a weekly television program on
Canada’s TVA network. From July 1998 to September 2004, Mr. Dab was
Chairman of the Board, Chief Executive Officer and a director of
Visual Healthcare Corp.
Barry
Scharf
has
been Chief Operating Officer and Vice President of Client Services
since October 2004. From January 2002 to October 2004, Mr. Scharf
was Visual Healthcare’s Vice President of Clinical Services. From
January 2001 to December 2001, Mr. Scharf was Vice President of
Client Services at Medicool Health Systems Inc. located in Montreal,
Quebec. Since January 1993, Mr. Scharf has been President of the
Board of Directors of Terre des Hommes Canada, a registered Canadian
charity.
Michel Maksud
has served as Vice President of Technology
since October 2004. Since July 2000, Mr. Maksud has been Chief
Software Architect of Medicool Health Systems Inc. conducting
research and development in the field of healthcare information
technology. From December 1990 to July 2000, Mr. Maksud was the Vice
President of Research and Development and Chief Software Architect
of Purkinje, a healthcare information technology company located in
Montreal, Quebec.
Louis J. Lombardo
has been a director of the company since
October 2004. Mr. Lombardo served as Executive Vice President,
Client Service Delivery, for American Express Travel Related
Services Company of New York, New York, a financial and travel
service company, from 1985 to 1998. Since 1998, he has served as
President of Lombardo Consulting, L.P., a privately held management
and operational consulting firm. Mr. Lombardo holds a B.S. from City
College, New York, New York, and a M.B.A. from New York University.
Mr. Lombardo was a director of Visual Healthcare from 2000 to 2003.
All directors of the company serve one year terms and hold office
until the next annual meeting of stockholders and until their
respective successors are duly elected and qualified.
Committees and Meetings
During fiscal 2006, the Board of Directors held four meetings.
Audit Committee
The audit committee consists of Louis J.
Lombardo. Mr. Marcolefas is the audit committee financial expert as
defined under rule 401(e) of Regulation S-B. The company has adopted
an Audit Committee Charter, and any person may obtain a copy of the
Charter, without charge, by writing to the corporate offices at 1035
Laurier St. West, Suite 200, Montreal, Quebec Canada H2V 2L1; Attn:
Secretary; or by referring to the latest Year-end filing on Form 10
KSB.
Disclosure Committee
The disclosure committee consists of Gerard Dab and Barry Scharf.
The disclosure committee was established to ensure that all material
information about the company and its business is properly disclosed
in a timely manner. The company has adopted a Disclosure Committee
Charter, and any person may obtain a copy of the Disclosure
Committee Charter, without charge, by writing to the corporate
offices at 1035 Laurier St. West, Suite 200, Montreal, Quebec Canada
H2V 2L1; Attn: Secretary; or by referring to the latest Year-end
filing on Form 10 KSB.
Code of Ethics
The company has adopted a Code of Ethics for its executive
officers. Any person may obtain a copy of the Code of Ethics,
without charge, by writing to the corporate offices at 1035 Laurier
St. West, Suite 200, Montreal, Quebec Canada H2V 2L1; Attn:
Secretary.
About Our Controlling Stockholder
As of March 2007, Visual Healthcare Corp. (OTC: VSHC) owns
approximately 50% of the company's issued and outstanding common
stock. VSHC was formed in 1998 to further develop clinical
information products based on Dr. Arthur Gelston’s investigations in
the field. These products include software clinical management
modules, electronic patient records, electronic charting, dynamic
clinical notes and other medical information platforms and clinical
tool sets for doctors and nurses.
The company's Audited Financial Statements are available to the
public through its quarterly disclosure filings on Forms 10QSB and
10KSB. The latest can be found at
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5177773&Type=HTML.
Current Implementations & Technology
The company has successfully implemented our comprehensive,
latest-generation Clinical Information System at Southwest Regional
Rehabilitation Center of Battle Creek, Michigan, at Kansas Surgery
and Recovery Center of Wichita, Kansas, and at Physicians Hospital
of El Paso, Texas. Department-specific modules are currently being
installed at the Sir Mortimer B. Davis Jewish General Hospital’s
Colorectal Surgery Department (Montreal), including our trademark
ScopeNotes product line. The company is in the early stages of
preparation for the implementation of an ASP Service Center in
Southern California.
System-wide improvements to our technology platform to make
VisualMED compatible with ASP and internet distribution have been
completed. The company requires this type of technology to enter
markets that are governed by a faster turnaround timeframe. These
new technologies and applications permit extremely low integration
costs, executed over weeks rather than months.
Marketing
The company is actively marketing its products in the United
States, Canada, France, Italy, Holland, Switzerland, Eastern Europe,
and Central and South America. VisualMED is currently available in
English and French, and will soon be available in Spanish, Italian
and Portuguese.
Overview of our Business
Company operations
are in the field of healthcare information systems that include
clinical information systems for hospitals, healthcare delivery
organizations, and regional and/or national healthcare records.
American and European hospitals are under increasing pressure to
address mounting evidence of major increases in hospital death due
to medical errors and adverse drug reactions (ADE’s). The March,
2000 report "To Err is Human" released by the Washington-based
Institute of Medicine alerted the public and the authorities to this
problem, disclosing that up to 100,000 Americans die each year from
adverse drug reactions, half of which it considered preventable.
Since then, evaluations of deaths from adverse drug reactions have
been as high as 200,000 in the U.S., 85,000 in the U.K., and 23,000
in Canada.
Medical literature and recent publications from HIMSS (Hospital
Information Management Systems Society) indicate that the
introduction of information technology solutions that would replace
the paper-based medical record by an electronic medical record (EMR)
could significantly reduce the advent of adverse drug reactions, and
help to contain rising medical costs by increasing the productivity
of care givers.
A coalition of some of America's largest employers and healthcare
purchasers helped to create the Leapfrog Group, a non-profit
organization dedicated to promoting information solutions for
hospitals, and to help guide them in the acquisition of such
solutions. In particular, Computerized Physician Order Entry (CPOE)
systems, with decision support, are deemed to be the core component
of an effective clinical information system to replace paper-based
records. To date, more than 500 hospitals in America have registered
with the Leapfrog Group, pledging to move towards the new standards
it has set. As well, government authorities on all levels have began
to legislate mandatory reduction of accidental hospital deaths and
adverse drug events.
In
Europe, Italy, France and the U.K. have voted laws providing for
nationwide, publicly funded Electronic Medical Records. Similar
initiatives are underway in Australia, Canada, Sweden and Denmark.
Karen Der (866) 887-7681 kder@visualmedsolutions.com
Fax: 515-274-8364
Transfer Agent
Olde Monmouth Stock Transfer Co. Inc.
200 Memorial Parkway
Atlantic Highlands NJ 07716
USA
Tel. (732) 872-2727
Fax (732) 872-2728
Attorneys In Canada
Accountants In Canada and United States
For more information on the VisualMED System, click
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