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SUBSEQUENT EVENTS - Note 12
9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
SUBSEQUENT EVENTS - Note 12

NOTE 12 - SUBSEQUENT EVENTS

On October 9, 2012, the Company announced that it had received a Notice of Allowance, U.S. Serial No. 13/352,026 (the "NOA"), from the United States Patent and Trademark Office which expands the Company's "Method and System for Providing Online Medical Records" Adding a "Method and System for Providing Online Records." In short, this patent expands MMR's patent portfolio to cover the exchange of protected health information to and from patients, doctors, pharmacies, insurance providers and other healthcare professionals in various forms, including, but not limited to, email, text, phone, facsimile and web-based portals. The MMR patent portfolio is believed to be relevant to virtually any provider who transmits electronic health records in that it will limit their ability to communicate protected health information without potentially infringing on MMR's patents. Starting in 2014, Meaningful Use requirements mandate that patients receive timely online access to their health information. We believe the methods and systems claimed in our patent portfolio provide solutions which will assist healthcare providers in meeting those requirements.

On October 30, 2012, the Company was granted U.S. Patent No. 8,301,466 entitled "Method and System for Providing Online Records". The patent is directed toward methods for providing users with the ability to access and collect health records. The issued patent expands the scope of the Company's portfolio and is of relevance to numerous offerings which enable the exchange of health records between healthcare providers and other users in a secure and private manner. The patent comes in advance of the Meaningful Use requirement that patients have online access to their protected health information through a Personal Health Record or other form of patient portal by 2014. The Company believes that this patent makes it difficult for eligible healthcare professionals to fully qualify for full incentives under the HITECH Act because one of the core requirements is to provide patients access to their personal health information through a Web-based portal. Accordingly, this patent could prevent EMR and PHR vendors from allowing patients access to manage personal health information without a license from MMR.