COMMACK, NY, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Patient Access Solutions, Inc. (PASO), a provider of healthcare/financial processing and management solutions for the healthcare, and dental industries, proudly announces that it signed an LOI today to work with Tangent EHR LLC in a Joint Venture to work with medical care for patients with Trauma and work related injuries.
Ultimately, it is our goal for this joint venture to create additional opportunities for both companies and lead to the eventual acquisition of Tangent EHR LLC by Patient Access Solutions Inc.
This acquisition if completed of Tangent’s no-fault medical billing company will maximize the reimbursement and collection of these trauma and no-fault and/or work related claims from patients being treated at the CIIT Center, which is managed by Patient Access Solutions, Inc.
Recognizing this potential, much of our work in 2017 and the beginning of 2018 focused on building a strong operational foundation to capitalize on the rapidly-evolving healthcare market of treating these adults who suffer these types of injuries.
In conjunction with the autism therapy programs the CIIT Center currently offers, along with treating adults with other neurological and brain related illnesses, the incorporation of this treatment protocol was an easy decision. The Center currently offers physical therapy, TMS, concussion management, chiropractic and other psychological treatment protocols that are needed for the treatment of these patients.
Our management team remains dedicated to creating value and protecting our shareholders. We will continue to demonstrate our commitment to the future of PASO through positive steps at improving our capital structure and generating substantial revenues.
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, management resources and allies to enable it to become an agent of radical change in what has traditionally been a slowly evolving healthcare environment. For more information about the services and products of Patient Access Solutions, please visit our website at www.pashealth.com.
About the CIIT Center (www.theciitcenter.com)
The CIIT Center occupies 12,500-square feet, in a street level office building located right off two major highways in Plainview, NY. The progressive center provides great efficiency and convenience in how we serve our patients. The goal is to create integrated, personalized treatment programs where the patient and staff work in unison to identify the underlying health conditions causing the issues, as opposed to just treating the symptoms.
About Tangent (www.tangentehr.com)
No-Fault billing has proven to be one of the most complex niches of medical billing. Since most medical billing companies do not specialize in No-Fault billing, they are unaware of its complexities. Healthcare providers who are brave enough to accept No-Fault insurance as a method of payment often face many difficulties in getting paid for their services. No-Fault medical billing requires the use of special forms, adherence to government requirements, specific time limitations, and special mailing instructions. These, along with other intricate billing processes, are only the tip of the iceberg when it comes to No-Fault billing. Automobile insurance companies work hard not to pay the healthcare provider. Meanwhile, they are declaring record numbers in annual profits. The fact is, insurance companies are doing everything they possibly can to ensure the delay or denial of claims for no-fault healthcare services. This results in physicians having to face long delays in payments, cash flow issues, and difficulty sustaining or expanding their practice. Our Approach to No-Fault Billing, we aim to deliver the very best No-Fault billing service to our clients and prepare them today, to face the challenges of tomorrow. We addressed the issues of No-Fault billing & collection by breaking down the entire procedure into several components. We have rethought the entire No-Fault medical billing & Collection process from start to finish with cutting-edge yet practical approaches. There is not a single medical billing company in the State of New York which specializes in No-Fault billing & collections, except us.
Tangent-No-Fault-EHR is highly sophisticated and equipped with features needed to take full command of the No-Fault billing process. We left no stone unturned, and made sure to include mail features with 100% valid proof of mail & proof of delivery for each and every date of service, and financial reporting features that are superior to those of any medical billing software ever built. As a No-Fault specialty billing company, we aim to deliver unique, customized, and sophisticated service packages to deliver the best results to our clients. We built a customized No-Fault Billing software and reinvented No-Fault billing from the ground up.
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.