Patient Access Solutions Inc. (PASHealth) is a healthcare solutions company. They are a leading provider of healthcare and financial processing solutions for the healthcare, homecare, and dental industries. The company’s PASHealth Web Portal System and terminal-based solutions offer electronic medical eligibility, electronic referrals and service authorizations, electronic claims processing, drug formularies, electronic prescriptions, and electronic medical records and patient data. The company helps healthcare providers and facilities automate their manual processes. Headquartered in Hauppauge, New York, the company trades on NASDAQ’s OTCBB and has a current market capitalization of $40.74M.
Their Digital writing capabilities product (D-PAS) uses digital pen & paper technology to capture handwritten information from healthcare personnel. It then transfers this information into digital form into the Patient Access Solutions Inc. web portal, and uses that data to start workflows in a secure environment. The company’s web portal system also offers a full complement of self-pay receivable management solutions for healthcare facilities. The company’s website system makes processing of information more efficient and helps lower administrative expenses for physician practices, hospitals, medical centers, clinics, and insurance payers. The company offers POS payment terminals. These terminals are useful for registration areas in physician practices, emergency rooms, admitting, and other areas where space is limited. Patient Access Solutions POS terminals can verify eligibility for Medicaid, Medicare, and over 450 commercial insurance plans and payers.
Recently, Bruce Weitzberg, President, and CEO of Patient Access Solutions Inc. presented the company’s shareholders with a corporate update. He reported sales for the six-month period ending April 30, 2008 compared to the same period in 2007 increased by 80 percent. The company also reported that they have hired a new VP of Sales with over 18 years of technology industry experience. The company also reported that in June they completed the second layer of integration between digital paper technology and the PAS web portal. This now allows complete eligibility and benefit verification transactions, from paper/pen through the company’s network to over 750 insurance companies and plans.
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