Thursday, 31 July 2008

LMS Partners with a Leading Malpractice Insurer

LMS Medical Systems (LMZ - TSX)
Shares outstanding: 25.8m
Fully Diluted: 30.7 million


Why did a large malpractice insurer in the United States, Princeton Insurance, partner with LMS as it launches its “best practices for obstetrics” program? Simple. LMS Medical Systems is recognized by the medical malpractice insurance industry as a leader in obstetrics risk management. What some of you may or may not know is that LMS’ offering is not limited to risk management technologies.

LMS also offers an Obstetrical Practice Excellence Program (OB-PEP™). This program is designed to assist clinical teams in the optimization of their assessments of clinical risk and their action plans in the pursuit of excellence for safe, quality care.

As required, LMS’ team of clinicians can provide institutions with a perinatal safety program which:
· Helps them assess potential gaps in the system and identify the necessary support needed to fill them;
· Provides tools, blueprints and assistance needed to implement a comprehensive safety program;
· Helps them assure that policies, processes and people are in line.

The main question is, “Will this generate revenue for LMS?” The answer is yes, as LMS secures OB/PEP consulting contracts with hospitals and insurers in the obstetrical market.

More importantly, it is a great opportunity to open doors, build relationships and give LMS’ obstetric technologies exposure to potential clients.

To read the full news release, click here.