Patient Access Solutions Inc (PASO)

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Patient Access Solutions Inc. to Participate in $11 Million SunCoast RHIO Program

Press Release Source: Patient Access Solutions, Inc. On Monday August 9, 2010, 8:00 am EDT

HAUPPAUGE, N.Y., Aug. 9 /PRNewswire-FirstCall/ -- Patient Access Solutions, Inc. (Pink Sheets:PASO.pk - News), a leading provider of information technology solutions for the healthcare industry announced today announced that it will participate in the SunCoast RHIO program. This program combines the services in the recently announced partnership between Patient Access Solutions Inc. and MedLink (OTC Bulletin Board:MLKNA.ob - News), a leading provider in Practice Management and Electronic Health Records solutions.

"The partnership will deliver affordable health information technology solutions to participants while providing financial benefits to support the adoption of Electronic Health Records. Additionally, the added value proposition offered by the combined services will lower administrative costs, expedite reimbursement, and increase cash flow for healthcare provider office. The agreement is a significant milestone for MedLink as well as Patient Access Solutions; five hundred healthcare practices are expected to generate sales of more than $11 million over a four year period with additional annual recurring revenues which both companies will benefit from," said Ray Vuono, President of MedLink.

"We are very proud of the strategic partnership we've developed with MedLink and the opportunity to share in this multi-million dollar project. The SunCoast RHIO program represents what is expected to be the first of many opportunities for the partnership as the RHIO community continues to adopt this unique recurring revenue model that encourages sustainability beyond current federal, state and local funding." said CEO Bruce Weitzberg.