Patient Access Solutions Announces Expansion Into the Retail/Manufacturing Market
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HAUPPAUGE, NY, Jul 22 (MARKET WIRE) --
Patient Access Solutions, Inc. (OTCBB: PASO), a leading provider of
healthcare and financial processing solutions for the healthcare,
homecare, and dental industries, announced today an expansion into the
retail/manufacturing industries.
The new subsidiary company formed in New York by us, DPAS Inc., will
concentrate on the multitude of opportunities that have been presented to
our management team over the past few weeks. The industries include the
food industry, building services, banking, transportation and
manufacturing.
According to Bruce Weitzberg, CEO and President of Patient Access
Solutions, "As more opportunities are presented to us for the DPAS digital
pen solution, we will work with our team to accommodate the demand in
other industries. The key to our success in these vertical markets is
having the ability to work closely with each company by allowing them to
run their own 'in-office' pilot program using D-PAS first hand. We feel
that once these programs are completed, and contracts are signed, it will
open up many new outlets for our DPAS solution, and will drastically
increase the opportunities to add significant revenue to the bottom line.
"Our innovative platforms can process all types of forms and store them in
a data repository for easy access. This is what these industries are
looking for and we provide one of the most cost effective ways to provide
them this type of service."
About Patient Access Solutions Inc. (www.pashealth.com)
Patient Access Solutions Inc. (PASHealth) 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 environment.
The PASHealth Web Portal System and terminal-based solutions offer
electronic medical eligibility, electronic referrals, and service
authorizations, electronic claims processing, drug formularies, electronic
prescriptions, electronic medical records and patient data, automating the
labor intensive and expensive manual process currently used by many
facilities and healthcare providers. Our D-PAS product utilizes digital
pen & paper technology, to capture handwritten information from the
doctor or office personnel, transfer it into a digital form into the PAS
web portal and utilize the data to initiate workflows in a secure
environment. A patients' medical history and patient records are used to
initiate necessary workflows within the web portal, securely and much more
efficiently, empowering the healthcare business process. In addition, the
Web Portal System offers a complete suite of self pay receivable
management solutions for the healthcare facilities.
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.
Investor and Sales Information
Patient Access Solutions
866-280-1156
Copyright 2008, Market Wire, All rights reserved.
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