LEXINGTON, Ky., Jan. 2 /PRNewswire-FirstCall/ -- VirtualHealth
Technologies, Inc. (OTC Bulletin Board: VHGI) the parent company of VPS
Holdings, LLC the creators of Veriscrip(TM), the Nation's first real-time
system for tracking controlled substances announced today its support for
recent initiatives in states like Wyoming and Florida that are realizing the
need for upgrading their existing systems.
On December 26th, Congressman Colin Simpson, R-Cody announced his
intention to look into the preparation of a Bill that would upgrade Wyoming's
existing Prescription Drug Monitoring System to Real-time. The Wyoming Board
of Pharmacy has a prescription drug monitoring program that began in 2004.
There are 540,000 prescriptions collected each year and presently data is
collected only once a month.
"In no way is it a real-time database when there is a 30-day lag," said
Simpson, "Our first priority is to ensure people are legally using controlled
substances." Updating the system each week would be an improvement, but
several people said a real-time system is the best option. "From my
perspective I'm pushing real-time," Park County Attorney Bryan Skoric said.
"If not real-time now, then it will be real-time in five years and there will
be 10 times the problem." "The more I think about it, the more real-time and
electronic prescriptions would help," Dr. Michael Codiga added.
Earlier this month, state officials in Florida announced that they will
launch a high-profile campaign for a statewide computer database to log every
prescription for controlled substances. If the state Legislature rejects the
idea as they have previously, database advocates said they will push to set up
an experimental system in Broward and perhaps Palm Beach counties. A parallel
initiative this year in Florida by the Legislature has been urging the use of
e-prescribing by physicians. According to Bill Janes, Florida's Drug Czar, "In
five to 10 years, this will be probably be a way that doctor shopping can be
prevented, I can't wait five years. We need the database." This campaign was
first announced at the National Conference on State Prescription Monitoring
Programs in Washington, DC hosted by the National Alliance on Model State Drug
Laws where Veriscrip(TM) participated.
Jim Renfro, President of VirtualHealth Technologies, Inc. stated that "The
fact that these two state initiatives are supporting both real-time data and
the use of e-prescribing as the basis for fighting prescription drug diversion
only supports what we have said all along. In order to stop drug diversion and
fraud you must have a real-time system in place that begins electronically
tracking the prescriptions from their inception. That was our foundation in
the development of our system originally and we believe it to be the benchmark
that any effective prescription monitoring system will need to follow in the
future."
This press release contains forward-looking statements that reflect the
Company's current expectations regarding future events. While these statements
reflect the Company's best current judgment, they are subject to risks and
uncertainties. Actual results may differ significantly from projected results
due to a number of factors, including, but not limited to assumptions, beliefs
and opinions relating to the business and growth strategy of VirtualHealth
Technologies, Inc. and its wholly owned subsidiaries Verified Prescription
Safeguards, Inc., VPS Holding, LLC, Envoii Healthcare, LLC, Medical Office
Software, Inc. and implementation thereof, based upon the Company's
interpretation and analysis of financial and market conditions, the decisions
of businesses with whom the Company is either engaged in business with or
negotiating, healthcare industry trends and management's ability to
successfully finance, develop, market, sell and implement its e-commerce and
internet solutions, clinical and financial e-transaction services and software
applications to physicians, pharmacies, governmental agencies, laboratories,
insurance companies, HMOs, and payers. These factors and other risk factors
are more fully discussed in the Company's filings with the Securities and
Exchange Commission. The Company expressly disclaims any intent or obligation
to update any forward-looking statements.
SOURCE VirtualHealth Technologies, Inc.
Shareholder Relations, VirtualHealth Technologies, Inc., +1-859-455-9255,
Shareholder.Relations@virtualhealthtechnologies.com
