Advances in telemedicine bridge the gap between rural and urban care delivery with timely, high quality and safe patient care. This reduces health disparities and costs while improving care.
-CEO Dick Govatski

15, December, 2015

Net Medical Xpress Announces Comprehensive New Telemedicine Building Blocks

Expected to be Released to Over 100 Hospitals in 2016

15 December 2015 - Net Medical Xpress Solutions, Inc. (OTCQB SYMBOL: NMXS), a provider of a wide range of telemedicine services, announced today the release of its new Telemed Building Blocks technology that enables healthcare facilities to set up their own customized Telemedicine infrastructure platforms.

In announcing the new technology, Net Medical, CEO Dick Govatski said, “When a perfect application can’t be found and nothing seems to fit specific processes and procedures, we provide the building blocks that will enable companies to assemble a fully-integrated custom platform to handle all their telemedicine requirements in a way that will work for them and will specifically fit their needs.

“Think of it as an Erector Set, Lincoln logs or Legos. Each module, based on our proprietary digital paper system, builds upon other modules to craft a smoothly-functioning, easy to manage telemedicine platform. Our robust browser-based system is capable of supporting everything from a small medical operation to the very largest company with fully integrated video conferencing, IT engineering, device integration, EMR setup, digital signatures and digital paper.

“With our system, a facility can use and translate their current paper forms to full digital for electronic signatures from remote locations. Couple that with video conferencing, cloud technology and integration with Electronic Medical Records and you’ve got the idea of how our Telemed Building Blocks are ideal for setting up a telemedicine platform with a myriad of custom combinations specific to the needs of any organization,” Govatski said.

Telemed Building Blocks has a low cost entry licensing subscription price of $5,000. Customers are then eligible for the purchase of Net Medical’s additional products including custom programming, call center access, program team management, Amazon HIPAA Cloud servers, telemedicine doctor network and WebRTC video conferencing between providers and patients. Net Medical uses custom Dell hardware for telemedicine while providing the necessary technology for customers to program their own telemedicine systems.

Govatski said, “We initially expect approximately 100 domestic and international customers will begin using the technology in 2016. This will give us a strong head start toward another profitable year in our growing telemedicine business.”

Please contact Dick Govatski, president and CEO, at 505-255-1999 or ceo@nmxs.com for more detail.

13, November, 2015

Net Medical XpressQ3 Profitability

13 November 2015 - Net Medical Xpress Solutions, Inc. (OTCQB SYMBOL: NMXS), a leader in the telemedicine field, announced today revenue for the third quarter of 2015 of $1,010,000 vs. revenue of $1,091,000 in the third quarter of 2014. The company reported net income of $105,000 or $0.00 per share versus a net loss of ($109,000) or $0.00 per share in the third quarter of last year.

For the first nine months of 2015, Net Medical reported revenue of $3,379,000 vs. revenue of $3,536,000 in the first nine months of 2014. The company reported net income of $212,000 or $0.00 per share versus a net loss of ($173,000) or $0.00 per share in the first nine months of last year.

CEO Dick Govatski said, “Our ongoing transformation to profitability and financial health continued in the third quarter of 2015 with reported net income through the first nine months of $205,000. The quarter benefited from gains in our Specialist segment reflecting gains in neurological and primary care services as well as the CMS (Center for Medicare and Medicaid Services) grant with the University of New Mexico. We also had important gains in program hardware sales in our Specialists programs

“Our revenue was lower than last year due to decreased revenue in our radiological services because of the loss of three customers in 2014 and 2015. The market has become increasingly competitive with corresponding impacts on pricing and margins. As a result, we are concentrating our efforts to grow our specialist division to offset the slowdown in our radiology and cardiological services where we face increasing competition resulting in pricing pressure.

“Our debt-free balance sheet reflects ongoing gains in assets and decreases in liabilities. For the first nine months we generated over $330,000 in cash from operating activities. We are excited about the future of telemedicine and our role in the industry. There are numerous opportunities to expand our telemedicine efforts and we are working on those initiatives now,” Govatski said.

Please contact Dick Govatski, president and CEO, at 505-255-1999 or ceo@nmxs.com for more detail.

Net Medical Xpress™ products and services are FDA cleared for specific clinical applications and are intended for research use for other applications.
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