ALBUQUERQUE, N.M., Dec. 11, 2012 -- New Mexico Software, Inc., d/b/a Net Medical Xpress (OTC Bulletin Board NMXC), announced today that it is experiencing increasing and substantial growth in teleradiology cases. The company said it expects total case volume to increase nearly 19% in 2012 over 2011.
Nestor Pena, Vice President, Operations, Diagnostic Unit, said, "Our overall volume is approaching 300,000 cases yearly. This is substantially above where we started in 2008." So far in December alone, Pena said, the company has hired four additional radiologists bringing the total to 59 and two additional cardiologists raising that total to 17 to meet the growing demand.
"Our rapid growth is a testament to the expertise of our radiologists and cardiologists who are routinely delivering high levels of quality patient care. Another reason for our success is our turn around times are averaging 16 minutes, which we believe is one of the best records in the industry. We anticipate volume from new customers will steadily grow as telemedicine is further embraced with the rollout of the Affordable Health Care Act."
Net Medical CEO Dick Govatski said, "There is tremendous opportunity for our teleradiology healthcare customers with our growing crossover capability connecting diagnostic and clinical units. We are launching a 'Gold Seal' Net Medical affiliate program to enable these companies to offer our diagnostic telemedicine programs to their existing customers, which will significantly enhance and expand their ability to provide quality healthcare to a broader base. We anticipate initially certifying partner companies in the first quarter of 2013."
Net Medical Xpress' telemedicine programs provide diagnostic and clinical medical services to mobile companies, urgent care facilities, hospitals, trauma centers, imaging centers, jails, nursing homes, corporate health departments, and outpatient medical facilities. The company's web-based XR-Express 510K FDA cleared PACS technology developed by Net Medical enables medical providers to remotely provide critical real-time patient assessments.
About Net Medical Xpress, a trade name of New Mexico Software, Inc:
Net Medical Express is a medical services company that provides clinical and diagnostic programs using advanced telemedicine solutions for rural hospitals. The company also develops FDA 510k-cleared and all-inclusive PACS products within the preventative, comprehensive, and critical healthcare segments. For more information, visit www.netmedical.com or www.nmxs.com or contact Dick Govatski, president and CEO, at 505-255-1999 or firstname.lastname@example.org.
An investment profile on New Mexico Software may be found at http://www.hawkassociates.com/profile/nmxc.cfm. To receive future releases in e-mail alerts, sign up at http://www.hawkassociates.com/about/alert.
For more investor-related questions contact Frank Hawkins, Hawk Associates, at 305-451-1888 or Dick Govatski at 505-255-1999 (email@example.com).
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.
SOURCE New Mexico Software, Inc.