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Patient Access Solutions Announces a Strategic Partnership with Secure EDI

Patient Access Solutions, Inc., a leading provider of healthcare and financial processing solutions for the healthcare, homecare, and dental industries, has formed a strategic partnership with Secure EDI, a healthcare information exchange and technology company.

The partnership will allow healthcare providers to process patient registration forms on paper, digitally convert them and transfer the forms to Patient Access Solutions’ D-PAS program. The program automatically processes patient eligibility transactions to more than 400 different insurance companies at the point of care.
Secure EDI is a recognized market leader as a value-added intermediary in the processing, tracking, analysis and management of HIPAA transactions covering medical, dental and institutional components of healthcare. Secure EDI has developed a cost effective state-of-the-art platform for the aggregation and integration of the claims process with real-time financial reconciliation to complete the cycle of revenue management for providers across all lines of business.

In addition, Secure EDI has developed applications that not only enable healthcare providers to cost effectively submit their claims electronically, but to also have access to analytics often reserved for more complex products and systems. Services from Secure EDI allow healthcare providers to reconcile their account receivables, integrate with their practice management systems through a secure web-portal and verify account statements on-line.

"Secure EDI’s solutions will be vital to Patient Access Solution’s ability to provide healthcare professionals with access to vital information through secure, open-access technology,” said Bruce Weitzberg, CEO/president of Patient Access Solutions. According to Joseph Gonzalez, Secure EDI vice president of business development, Secure EDI solutions are designed to benefit both payers and providers.

"Our innovative platform processes and formats all HIPAA transactions within seconds, offering our users tracking, analytics and financial reconciliation points,” he said. “These capabilities improve workflow and increase cash flow for healthcare providers, vendors, and insurance plans.”

About Patient Access Solutions Inc. Patient Access Solutions Inc. (PASHealth) is a healthcare solutions company that has created an array of technology, resources and allies that is enabling it serve as a change agent in healthcare.

PASHealth Web based solutions offer electronic medical eligibility, referrals and service authorizations, along with electronic claims processing, drug formularies, electronic prescriptions, electronic medical records and patient data.The D-PAS product utilizes digital pen and paper technology to capture handwritten information from the doctor or office personnel, transfer it into a digital form into the PAS web portal and utilize the data to initiate workflows in a secure environment. On the Web 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 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 www.sec.gov.