Patient Access Solutions Inc. to Participate in $11 Million SunCoast RHIO Program
HAUPPAUGE, N.Y., Aug. 9 /PRNewswire-FirstCall/ -- Patient Access Solutions, Inc. (Pink Sheets: PASO), a leading provider of information technology solutions for the healthcare industry announced today announced that it will participate in the SunCoast RHIO program. This program combines the services in the recently announced partnership between Patient Access Solutions Inc. and MedLink (OTC Bulletin Board: MLKNA), a leading provider in Practice Management and Electronic Health Records solutions.
"The partnership will deliver affordable health information technology solutions to participants while providing financial benefits to support the adoption of Electronic Health Records. Additionally, the added value proposition offered by the combined services will lower administrative costs, expedite reimbursement, and increase cash flow for healthcare provider office. The agreement is a significant milestone for MedLink as well as Patient Access Solutions; five hundred healthcare practices are expected to generate sales of more than $11 million over a four year period with additional annual recurring revenues which both companies will benefit from," said Ray Vuono, President of MedLink.
"We are very proud of the strategic partnership we've developed with MedLink and the opportunity to share in this multi-million dollar project. The SunCoast RHIO program represents what is expected to be the first of many opportunities for the partnership as the RHIO community continues to adopt this unique recurring revenue model that encourages sustainability beyond current federal, state and local funding." said CEO Bruce Weitzberg.
MedLink is a healthcare IT company that provides the medical community with products and services designed to help create, manage, and share medical information. The company's flagship product, MedLink TotalOffice EHR 3.1, a CCHIT CertifiedŽ 08 Ambulatory EHR, provides physicians with full EHR and practice management functionality. For more information regarding MedLink's products and services, please visit http://www.medlinkus.com/.
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 based on Anoto 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. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Patient Access Solutions Inc. Securities and Exchange Commission filings available at http://www.sec.gov.
CONTACT: Patient Access Solutions, Inc., +1-631-233-3707
SOURCE Patient Access Solutions, Inc.