The acquisition makes Vemics the first company to deliver single-sourced online solutions for:
Electronic medical record creation
Live, interactive virtual medical education and collaboration
Real-time marketing for pharmaceutical companies

Physicians nationwide will benefit from greatly simplified electronic medical records creation, freeing more time for patients. In addition, doctors will have real-time access to medical records and other healthcare professionals nationwide, lowering medical costs and improving clinical results. Also, the new web conferencing platform eliminates travel to live continuing medical education seminars and medical events. Medical professionals can also utilize the platform to deliver online seminars.

NuScribe SMR™, NuScribe’s flagship product, is a web-based, speech-enabled medical documentation system that helps medical professionals save time, increase revenue and cut costs while streamlining the entire medical transcription process. The system enables physicians to create, edit, sign and dispatch patient notes, electronic medical records, prescriptions, referral letters and more. NuScribe’s document templates, voice macros and patient-specific fields, customized for the physician, greatly reduce physical dictation time and costs.

During the transition period, scheduled to be complete by mid first-quarter 2007, both companies will maintain current business activities while working collectively to produce the new integrated collaboration and productivity tools.

”We are very impressed with Vemics’ custom online instructor-led education and collaboration solutions. There is tremendous value in combining NuScribe’s technology, development capability and customer base to produce the next-generation of fully collaborative, hosted productivity tools for the healthcare industry,” said Tom Dorsett, CEO and co-founder of NuScribe. “This is an exciting time for healthcare information technology and we are now collectively positioned to move to the forefront of the market.”

Dorsett will be senior vice president, business development for Vemics overseeing continued sales into the U.S. hospital and medical markets, building strategic alliances and the development of physician-centric online tools. Dorsett will also lead the integration of the NuScribe transition into Vemics.

”We are very excited by the NuScribe acquisition. Integrating our technologies will play a major role in the creation, management and HIPAA compliant transport of electronic health information,” said Fred Zolla, CEO, Vemics, Inc. “Combined with our next-generation visual collaboration tools and the delivery of Continuing Medical Education programs, Vemics is continuing to build an unparalleled suite of tools to assist the medical community.”