Patient Access Solutions Moves Toward Product Integration
November 19, 2009 (FinancialWire) — Patient Access Solutions, Inc. (OTC: PASO), an emerging provider of technologies that provide the healthcare industry a graceful migration to Electronic Medical Records, announced the integration of its products via a new Electronic Medical Records platform that will soon be announced.
This enhanced product offering will allow smaller sized healthcare practices to acquire a comprehensive EMR solution that is very cost effective, easy to use and simple to maintain without the need for onsite specialized computer and networking personnel.
Small physician practices, those with 1-5 doctors in the practice, are beginning to make the costly and painful conversion from paper charts to electronic records, and Patient Access Solutions senses an opportunity in that long-awaited trend. Patient Access Solutions sees the transition to electronic medical records, or EMRs, in this segmented environment, as a chance to build the company and provide billing and other services to small physician practices.
Small and mid-sized healthcare provider and physician practices will spend billions of dollars over the next few years purchasing and implementing electronic medical record systems. The U.S. Federal government has instituted an aggressive incentive program to foster this implementation by providing up to $40,000 to physicians who implement EMost EMR systems are software-based requiring the practice to purchase and maintain expensive computer servers and complex software on site. In contrast, with a hosted EMR product all of the servers and software reside outside of the clinical environment and are operated and maintained by the service provider. This allows for significantly lower upfront costs and eliminates the need for onsite technical experts to install, operate and maintain the EMR system.
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