HAUPPAUGE, N.Y., Oct. 20, 2009 (GLOBE NEWSWIRE) -- Patient Access Solutions, Inc. (Pink Sheets: PASO), an emerging provider of healthcare/financial processing technologies that provide the healthcare industry a graceful migration to Electronic Medical Records (EMR), today announced the appointment of Jeffrey T. Stern as the Company's new Chief Financial Officer, effective immediately.
Mr. Stern has more than 25 years' experience in financial and risk management, process improvement and banking. He will be responsible for Patient Access Solutions' overall financial planning and controls, U.S. GAAP compliant financial reporting, and general corporate finance activities. Prior to joining Patient Access Solutions, he was a Senior Manager at Deloitte & Touche, LLP, one of the world's largest full-service accounting and auditing firms.
Jeffrey T. Stern was also previously with JP Morgan Chase in various finance and operations roles where he was instrumental in initiating the Bank's consumer web site and other uses of technology to minimize paper and reduce unit costs. Mr. Stern began his financial career at Coopers & Lybrand in New York where he conducted audits to assess the effectiveness of controls, accuracy of financial records and efficiency of operations. He holds a Bachelor of Science degree in accounting from State University of New York at Albany and is a Certified Public Accountant (CPA) in the State of New York.
Mr. Stern is an active community leader and is currently the Vice President of District Fundraising for the Theodore Roosevelt Council for the Boy Scouts of America and the Treasurer of the Long Island Chapter of the Association of Contingency Planners.
Mr. Bruce Weitzberg, CEO and President of Patient Access Solutions, stated, "We are very pleased to welcome Jeffrey to Patient Access Solutions and we fully believe his leadership and financial acumen will add increasing depth and diverse skills to our management team. His addition comes at an important time in our corporate history as we prepare for accelerated growth via the introduction of a new comprehensive suite of solutions to target the rapidly evolving information processing and EMR implementation needs of the multibillion-dollar healthcare industry. I am confident that Mr. Stern will help us to keep a strong focus on our revenue growth, operating efficiency and shareholder value maximization objectives."
Mr. Stern noted, "I'm very excited to be joining Patient Access Solutions, Inc. and have been impressed by Bruce, the management team, and the strong growth prospects that lay before the organization. I look forward to working with everyone at the Company to focus on driving results and creating strong value for our shareholders."
About Patient Access Solutions, Inc.
Patient Access Solutions, Inc. (PAS) is a Healthcare Solutions Company which has created a formidable array of technology, resources and allies to enable it to become an agent of radical change in what has traditionally been a slowly evolving healthcare information technology environment. The Company's products are designed to allow healthcare providers an easy migration of the EMR environment. Among these products are D-PAS, which is a state-of-the-art digital pen and paper technology based on Anoto technology, used to capture handwritten information into digital forms and EMR systems and PAS Data Center, which is a terminal solution that allows healthcare providers to quickly and easily determine benefit eligibility. More information on Patient Access Solutions, Inc. and its products can be viewed at www.pashealth.com.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future.