LOS ANGELES, CA -- (Marketwire) -- 02/11/13 -- MMRGlobal, Inc. (OTCQB: MMRF) ("MMR") and Fairway Physicians Insurance Company, RRG ("Fairway") jointly announced today that MMR has agreed to provide Fairway the ability to offer hospital malpractice insurance clients a prepaid license for the use of its MyMedicalRecords, Inc. Patent Portfolio. MyMedicalRecords, Inc., a wholly owned subsidiary of MMR, has an extensive portfolio of healthcare IT patents, which includes seven U.S. patents: Nos. 8,301,466; 8,352,287; 8,352,288; 8,121,855; 8,117,646; 8,117,045; and 8,321,240 (the "MMR Patent Portfolio"). The MMR Patent Portfolio includes nearly 400 claims as well as additional applications and continuation applications. The patents involve inventions pertaining to Personal Health Records, Patient Portals and other Electronic Health Record systems.
According to David C. Thorson, CEO of Fairway, "We are committed to providing the best customer service to our hospital clients and protecting them against all known risks. We have reviewed the MMR Patent Portfolio and believe the patents to be a potentially material risk to our hospital clients. By paying license fees on behalf of our insureds we eliminate that risk."
MMR also has patents and other pending applications in countries of commercial interest including Australia, Singapore, New Zealand, Mexico, Japan, Canada, Hong Kong, South Korea, Israel, and European nations.
Fairway is a doctor-owned insurance company selling medical malpractice insurance and is approved nationwide. Additionally, Fairway and its affiliates reach more than 200 hospitals throughout the U.S. Fairway will offer a program whereby it will prepay MMR for a license to the MMR Patent Portfolio for their hospital malpractice insurance clients. David Thorson is also on the on the Board of Prime Healthcare, owner of 26 hospitals.
Since 2003, Fairway Physicians Insurance Company, RRG has provided medical malpractice liability insurance to protect hospitals and physicians at an affordable and responsible cost. Fairway allows its members to practice medicine with the security of having the right kind of coverage. Fairway is reinsured by A-rated A.M. Best companies including AIG and Lloyd's Syndicates. Fairway is regulated by the District of Columbia Department of Insurance, and Registered with National Association of Insurance Commissioners, #11840.
Fairway provides quality medical malpractice insurance with personalized service and a common sense approach to claims resolution. Fairway provides innovative and intelligent medical liability insurance that increases patient safety and satisfaction, reduces your liability risk, and enhances the quality of your practice. Fairway believes that your insurance carrier should be as progressive as your practice. Fairway's mission is to protect your practice and proactively defend your reputation. Our methods challenge the status quo by managing claims equitably and expeditiously. www.fairwayphysicians.com.
Most Popular Stories
- American Airlines, US Airways Complete Merger
- ACA Delay Stresses Small Businesses
- Questions Remain in Jenni Rivera's Death
- Unemployed Wait as Lawmakers Debate
- General Dynamics Plans 200 New Jobs in N.M.
- Harley Issues Motorcycle Recall
- Dell Offers Undisclosed Number of Employee Buyouts
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Auto Dealer Builds Big Solar Project
- Authorities Close to Deal with JPMorgan Chase over Madoff Response