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Visual Healthcare Proprietary Platform to Be Used By Health Insurance Industry to Explore Pay-for-Performance

Posted on: Tuesday, 12 December 2006, 00:00 CST

MONTREAL, Dec. 11 /PRNewswire-FirstCall/ -- Visual Healthcare Corp. announces that it has adapted its proprietary technology platform in order to enable healthcare insurers in the United States to cut down on cost through pay-for-performance methodologies. The program calls for health insurance underwriters to use sophisticated data mining to evaluate the efficiency, quality, and effectiveness of medical acts and other health services. Pay for performance has been implemented successfully in various industries but not in health insurance.

The Visual Healthcare platform can deliver a uniquely precise measure of the overall performance of the practitioner, the procedures and outcomes. Only the ability to assess these measures can make it possible to deploy pay for performance programs. Insurers would then be able to mandate proper incentives to push care givers to operate with greater efficiency at or above established norms.

The Visual Healthcare platform has a unique ability to segment, evaluate and account for medical acts performed by healthcare professionals on patients. It culls data that specifies exactly what clinical procedures have been prescribed and performed, how, when, and if these are in keeping with the norm. Visual Healthcare technology is one of the only tools of its kind that can provide this service because it captures the physicians' and nurses' act in real time. Statistical documentation may be automatically generated for review.

The health insurance industry is under enormous pressures as it struggles with steeply rising cost; according to some observers, close to 15% per year, over the past few years. It is increasingly difficult for insurance companies to pass on these costs to large employers who now face problems of their own.

About Visual Healthcare

Visual Healthcare Corp. is a holding company that owns a portfolio of state of the art information technologies including a unique proprietary technology platform used in the fields of medicine, hospital management, data security, and healthcare infrastructure. It licenses its technology to operating companies in exchange for an equity stake or a royalty stream.

Detailed information on our company and its products is available on our web site at http://www.visualhc.com/.

Forward-Looking Statements

Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.

Visual Healthcare Corp.

CONTACT: Gerard Dab, CEO, Visual Healthcare Corp., (514) 274-1115,gdab@visualhc.com; SOURCE: Visual Healthcare Corp.

Source: PRNewswire-FirstCall

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