HAUPPAUGE, N.Y., Nov. 18, 2009 (GLOBE NEWSWIRE) -- Patient Access Solutions, Inc. (Pink Sheets:PASO), an emerging provider of technologies that provide the healthcare industry a graceful migration to Electronic Medical Records (EMR), today announced the integration of its products via a new Electronic Medical Records (EMR) platform that will soon be announced. This enhanced product offering will allow smaller sized healthcare practices to acquire a comprehensive EMR solution that is very cost effective, easy to use and simple to maintain without the need for onsite specialized computer and networking personnel.
Small physician practices, those with 1-5 doctors in the practice, are beginning to make the costly and painful conversion from paper charts to electronic records, and Patient Access Solutions senses an opportunity in that long-awaited trend. Patient Access Solutions sees the transition to electronic medical records, or EMRs, in this segmented environment, as a chance to build the company and provide billing and other services to small physician practices.
"Patient Access Solutions has been very successful in offering our digital pen technology, medical/dental insurance eligibility terminal product and the PAS Web Portal which allows for real time eligibility and electronic claims processing to small healthcare practices. These products, however, are only part of the EMR solution that physicians, dentists, chiropractors and clinics desire," commented Bruce Weitzberg, CEO of Patient Access Solutions. "Over the coming weeks we will introduce and begin offering our comprehensive hosted electronic medical records platform that will tie all of our technologies together enabling our healthcare customers the ability to use a single platform to meet all of their EMR needs. The platform will be offered in a "hosted" manner, meaning virtually all of the software is located and maintained off site. This allows the healthcare professional to concentrate on patient care and not on operating computerized servers and software on site. We are excited to be nearing introduction of what we believe will be a revolutionary EMR platform that will be tightly integrated with our state of the art digital pen and health insurance processing and information products."
Small and mid-sized healthcare provider and physician practices will spend billions of dollars over the next few years purchasing and implementing electronic medical record systems. The U.S. Federal government has instituted an aggressive incentive program to foster this implementation by providing up to $40,000 to physicians who implement EMR. Most EMR systems are software-based requiring the practice to purchase and maintain expensive computer servers and complex software on site. In contrast, with a hosted EMR product all of the servers and software reside outside of the clinical environment and are operated and maintained by the service provider. This allows for significantly lower upfront costs and eliminates the need for onsite technical experts to install, operate and maintain the EMR system.
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 to the EMR environment. Among these products are D-PAS, which is a state-of-the-art digital pen and paper 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.