MMRGlobal, a medical records storage company used its subsidiary, MyMedicalRecords, to sign a patent license agreement with Salutopia, a Texas-based company dedicated to the communication between patients, providers, and insurance companies.
The patent agreement gives MMR the right to receive license feed for a percentage of the gross sales of Houston-based Salutopia products and services, which currently a totals more than $50 million dollars. Salutopia will have access to MMR’s portfolio of U.S. health information technology patents as well as other additional pending applications.
As a data aggregator, Salutopia provides technology to connect disparate Electronic Medical Record systems, practice management systems, and patient portals. The company will now deliver its products and services with MMR’s licensed intellectual property. The company also expects to offer MMR proprietary features and benefit both from MMR and MyMedicalRecords. MMR will also be able to offer some of the Salutopia products and services.
“Incorporating MMR’s licensed products in our current service offerings ensures our clients a higher level of protection and gives us an advantage over our competitors,” said the Chairman and Chief Strategy Officer for Salutopia, Fred Zolla.
MMR’s global health information technology patent portfolio consists of 12 U.S. patents as well as patents and pending applications in 11 other countries and regional authorities, including Australia, Canada, Singapore, New Zealand, Mexico, Hong Kong, China, Japan, South Korea, Israel, and Europe.
Both companies hope to receive a greater patented intellectual property exposure from the agreement. Salutopia announced that it is planning on expanding the patient portals to allow access, collection, and management of medical records, including prescriptions, online insurance, and private information. The company also expects to aggregate information about every member of a family in one single file, regardless of the number of physicians and the technology used.
“Salutopia also provides patients, any number of treating doctors, and other healthcare professionals access to complete, secure and private medical information. The Salutopia patient portal can reduce healthcare costs, eliminate unnecessary duplicate testing and delays in obtaining treatment, as well as other wasteful and potentially dangerous practices facing patients. Together, both companies enable patients to be involved in their own healthcare through modern communication and direct access to their complete medical history,” noted the company.