HAUPPAUGE, N.Y., Dec. 16, 2009 (GLOBE NEWSWIRE) -- Patient Access Solutions, Inc. (Pink Sheets:PASO), an emerging provider of healthcare and financial processing technologies that enable a graceful migration to Electronic Medical Records (EMR) for the healthcare industry, today announced strong initial acceptance among its current customer base of its recently announced EMR hosted platform. Thus far, a high percentage of the Company's current customer base, of more than 750 physicians and health care practices, that have been contacted, have already accepted the opportunity to install the new PAS Electronic Medical Record Program beginning in January 2010.
"We believe our EMR offering is tailor-made for physician practices comprised of one to five doctors. This sub-sector is currently behind other medical professional groups relative to EMR implementation, mainly due to issues surrounding initial deployment costs, the need for ease-of-use and, most importantly, ongoing support requirements for the application. Our state-of-the-art product addresses all of these concerns," commented Bruce Weitzberg, CEO of PAS. "By hosting the application through the Internet, rather than via expensive, maintenance prone servers located at the physician's site, we are able to offer small professional practices all of the features and functions they require from an EMR solution without any of the upfront costs and with none of the headaches associated with running a complex, site-based EMR solution. Our customers continuously tell us that they want to concentrate on providing quality patient care and not on running complex software. With PAS's EMR solution, this is exactly what is available to them."
In early February 2009, the Obama Administration proposed the Health Industry Cost Savings Initiatives, designed to rapidly transition the medical community from the inefficient and costly paper-based systems mainly in place today to electronic mechanisms for conducting communications and record retention. Specifically, identified within these initiatives is the need to transition smaller physician practices to electronic medical records. Patient Access Solutions is specifically targeting these smaller physician practices with its hosted EMR product offering. The drive toward implementing EMR systems received a boost from the American Recovery and Reinvestment Act of 2009, which outlines an investment of approximately $20 billion in healthcare information technology, with much of this amount going directly to physicians and healthcare practices for the purpose of implementing EMR technologies.
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 and transform hand written information into digital forms and EMR systems, and the PAS Data Center, a terminal solution that allows health care providers to quickly and easily determine patient benefit eligibility. More information about 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 company, 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; the 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.'s Securities and Exchange Commission filings available at http://www.sec.gov.