LOS ANGELES, CA -- (Marketwired) -- 05/06/13 -- MMRGlobal, Inc. (OTCQB: MMRF) ("MMR"), a leading provider of Personal Health Records (PHRs) MyEsafeDepositBox storage solutions and MMRPro document management and imaging systems for healthcare professionals, is featured in an updated valuation report following the issuance by the Japan Patent Office of Patent No. 5191895 entitled a "Method and System for Providing Online Medical Records." The Japanese patent, issued on February 8, 2013, increases the valuation by the Michael Bass Research Group by $200 million, from an initial report of $600 million to $1.1 billion, to $800 million to $1.3 billion. The report can be seen at http://michaelbass.com/PDF/Patent_Valuation.pdf. The Japanese patent includes 40 claims relating to accessing health records through a Web site, collecting health records directly from healthcare providers, and managing the records such as by organizing the documents, applying additional password protection, and electronically sending the health records to healthcare providers. The patent is specifically relevant to the market at this time following the launch of the country's "My Hospital Everywhere" Japan Personal Health Record service concept. Additional patent applications are also pending in Japan.
The "My Hospital Everywhere" program is designed to help enable individuals in Japan to receive their own medical and health-related information from medical institutions and to maintain and manage it electronically, which is a significant part of MMR's patented technologies. The implementation of Electronic Medical Records in Japan is a high priority as a result of findings from the aftermath of the March 11, 2011 earthquake and tsunami. The medical system in Japan was overwhelmed with thousands of people in hospitals and doctors' offices with no medical records. As a result, thousands unnecessarily lost their lives, and the cost of care without having information about the patient was significantly increased, making deployment of "My Hospital Everywhere" a national priority.
The value of the Company's patents in Japan is underscored by an interview with Dr. Makoto Aoki in The National Bureau of Asian Research on June 2, 2011. Dr. Aoki, Scientific Executive at Sakura Seiki Co. Ltd., a Japanese company that specializes in the design and manufacturing of medical and laboratory equipment, and a Member of the American College of Physicians, said, "Physicians have had a hard time identifying patients' medications since patients often remember their medications only by their shape or color. Most of the hospitals that patients had attended also lost their medical records as a result of the earthquake or tsunami." MMR's PHR systems include the ability to track and manage a patient's medication data base.
Most Popular Stories
- SpaceX's Satellite Launch Is 'Game-Changer'
- Reid Confident Congress to Pass Immigration Bill
- Maui Visitor Killed in Shark Attack
- Donors Abandon GOP Over Gun Stance
- Mexico: 'Extremely Dangerous' Radioactive Material Stolen
- CEOs More Optimistic About Economy, Hiring
- Climate Change Early Warning System Urged
- Private Sector Employment Surges by 215,000 Jobs
- Newtown 911 Tapes Being Released Today
- Wisconsin Gov. Campaign Aide Fired Over Tweets