vemics inc (VMCI:OTC US)
vemics inc (VMCI) Snapshot
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Open
$0.02
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Previous Close
$0.02
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Day High
$0.02
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Day Low
$0.02
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52 Week High
12/10/12 - $0.07
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52 Week Low
06/7/12 - $0.0011
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Market Cap
355.8K
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Average Volume 10 Days
829.3K
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EPS TTM
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Shares Outstanding
23.7M
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EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Related News
vemics inc (VMCI) Related Businessweek News
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iMedicor, Inc. builds portal-based, virtual work, and learning environments in healthcare and related industries. Its solutions allow physicians to use the Internet to exchange and share patient medical information and to interact with pharmaceutical companies and review information on new drugs offered by these companies at a time of their choosing. The company’s products and services include iMedicor, a collaborative online portal designed for and by medical professionals to facilitate practice productivity and secure exchange of patient information and documents in real-time; and iMedicor Integration Driver, an integrated software that allows an iMedicor user to communicate and transmit records and images across EMR system. It also offers iMedicor ClearLobby, a content delivery system that provides drug marketing information to physicians, as well as enables physician to electronically access the updated drug and device information, peer-reviewed journals, case studies, clinical trial reports, etc.; and iMedicor Continuing Medical Education Catalogue programs that provide courses to physicians and address their requirements of securing a set amount of credit hours to maintain their medical doctor accreditation, as well as provides consulting services to the medical and dental communities. The company was formerly known as Vemics, Inc. and changed its name to iMedicor, Inc. in March 2010. iMedicor, Inc. was founded in 2001 and is based in Nanuet, New York.
vemics inc (VMCI) Top Compensated Officers
vemics inc (VMCI) Key Developments
iMedicor, Inc. announced it has launched its upgraded SocialHIE Version 3.0 for Galaxy Health Network, a PPO/MCO healthcare networks comprising more than 400,000 physicians, 2700 medical centers and 47,000 ancillary care facilities. The first stage of the launch will introduce iMedicor SocialHIE to Galaxy providers in New Jersey, and then be expanded to include providers in New York, Pennsylvania, Connecticut, Maryland and Delaware. The program is expected to branch out to other regions of the country over the next few months. iMedicor SocialHIE is one of the first secure social/professional networks to be coupled with a Health Information Exchange (HIE). The web-based portal will offer Galaxy providers a number of free core services, including the ability to create their own practice and the assignment of their own NHIN Direct Protocol account, as well as the ability to send and receive secure messages with attachments such as test results and images with multiple recipients, and build communities of peers and referral networks. iMedicor SocialHIE also features secure instant messaging to support internal staff needs, facilitate referrals and appointments with other practices, and allow off-site physicians to reach staff from the hospital instantly. In addition, Galaxy registrants will have access to one of the most extensive peer-reviewed Continuing Medical Education (CME) catalogs available on the Internet. SocialHIE will also offer Galaxy providers Interoperability tools designed to enhance day-to-day clinical workflow and assist in making the transition from a paper to an electronic health records system relevant at the practice level. The portal is designed to help Galaxy providers improve communications and engagement within their Network, as well as to assist every Galaxy provider practice in meeting Meaningful Use Stage 2 requirements and receiving full support for Direct Protocol and Interoperability with other practices. Even a medical practice that has not yet adopted an Electronic Health Record (EHR) system will be able to communicate securely with EHR practices or hospitals or healthcare support facilities.
iMedicor, Inc. announced it has launched its flagship product, iMedicor SocialHIE. iMedicor SocialHIE will enable PAA members to exchange patient-specific healthcare information through the Internet with other PAA members, as well as non-PAA members they invite into their communities, all within a HIPAA-compliant environment. According to both parties, the web-based iMedicor SocialHIE will feature tools designed to enhance day-to-day clinical workflow and assist in making the transition from a paper to an electronic health records system relevant at the practice level. The National Health Information Network (NHIN) Direct Solution standards, now offered through iMedicor SocialHIE, allows for all providers and healthcare organizations to become interconnected, both inside and outside of the iMedicor SocialHIE network - a primary requirement of Meaningful Use (MU) Stage 2 certification. The network is designed to help insure that every PAA member practice meets MU Stage 2 requirements and receives full support for Direct Protocol and Interoperability with other practices. Even a medical practice that has not yet adopted an Electronic Health Record (EHR) system will be able to communicate securely with EHR practices or hospitals or healthcare support facilities.
iMedicor announced that it had been chosen by iHealthTrust to provide them with secure communications services via the iMedicor SocialHIE platform. iMedicor's marketing partner, Galaxy Health Network, a managed care provider organization comprising 400,000 physicians, 2,700 medical centers and 47,000 ancillary care facilities nationwide, will support the iMedicor program via outreach services to Galaxy members in the Houston/Gulf Coast region. Revenue from the program will likely begin in the second quarter of 2013.
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Industry Analysis
VMCI
Industry Average
| Valuation | VMCI | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 10.4x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 11.7x |
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