HAUPPAUGE, N.Y., Dec. 7, 2009 (GLOBE NEWSWIRE) -- Patient Access Solutions, Inc. (Pink Sheets:PASO), an emerging provider of technologies that allows the healthcare industry a graceful migration to Electronic Medical Records (EMR), today announced the launch of its new Electronic Medical Records (EMR) platform, which is specifically designed to allow smaller-sized healthcare practices to cost-effectively and conveniently acquire a state-of-the-art EMR solution.
The comprehensive product offering, which is available through Patient Access Solutions' www.pashealthemr.com web portal, is Internet-based, making it very cost effective, easy to use and simple to maintain without the need for additional on-site computer servers or specialized technical personnel.
"Our company has been very successful in marketing our claims processing, insurance eligibility offerings, and digital pen technology, but these products are only part of the EMR solutions our customers desire," commented Bruce Weitzberg, CEO of Patient Access Solutions. "This new state-of-the-art EMR product offering will allow us to integrate all of our technologies, enabling our health care practice customers the ability to use a single platform to meet all of their EMR needs. Because almost all of the software that runs our system resides on the Internet, implementation and ongoing use is significantly easier compared to the expensive server-based systems that typically require ongoing support from technical personnel. With our system, health care providers can concentrate on taking care of their patients and let us concentrate on providing them with a state-of-the-art EMR platform that allows for increased productivity and profits."
Patient Access Solutions' new platform is specifically targeted at smaller healthcare practices, which usually have neither on-site technical personnel nor the desire to acquire such personnel. The Company has designed its platform to be very easy to implement and operate in order to make the conversion to electronic medical records simple. There are currently more than 800 physicians using various services of the Company. Migration of even a small portion of these physicians to this new product offering could easily generate millions of dollars in revenues annually for Patient Access Solutions.
Mr. Weitzberg continued, "Considering that three quarters of all U.S. physicians practice in offices with 10 or fewer partners, we believe our product is particularly well suited to serve what we believe is one of the most lucrative segments of the EMR market place. We believe the $19 billion in incentives provided by the recent federal economic stimulus package and the healthcare industry's desire to lower costs, reduce errors, and to improve profits will yield a strong market opportunity for our company. It is truly an exciting time for all of us at Patient Access Solutions as we move to integrate all of our product offerings under a single EMR platform offering."
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.
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 health care 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 hand written information into digital forms and EMR systems and PAS Data Center, which is a terminal solution that allows health care 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.