How Patient Access Solutions is Optimizing Healthcare Practices
Patient Access Solutions, Inc. (OTC:PASO) provides technology and management solutions for the healthcare industry. They offer practices the administrative framework necessary to run a thriving, profitable healthcare business. With over 40 years of combined industry experience, PASO is well-equipped to help practitioners navigate the constantly shifting healthcare landscape. Though 2020 took a toll on everyone, PASO has bounced back better than ever in 2021, opening a new facility in Long Island, New York and acquiring telamentalhealth.com, a service that allows patients to access mental health treatment remotely.
Making Mental Health Care Efficient and Accessible
Many challenges within our healthcare industry can be traced back to outdated structures. For example, 60% of the United States’ top 20 hospitals don’t offer online scheduling for their new patients, often making effective care inefficient.
“The digitization of healthcare will likely continue to gather speed, and as hospitals and health systems look ahead, they should prioritize creating an end-to-end digital access experience,” reads News & World Report’s 2020-21 Best Hospitals report.
It’s problems like these that Patient Access Solutions looks to address directly, with their acquisition of Telamentalhealth.com and partnership with Veterans for America First. The partnership has rolled out a service to provide 24/7 mental health visits for veterans at a low monthly membership rate and no co-pay. Patients are given supportive counseling, 100% follow up with dedicated counselors, crisis support, and coverage for the entire family up to seven people. This program alone extends new virtual mental healthcare options to a national network of almost 400,000 veterans alone and can serve as an example of solutions that could change the entire healthcare industry when executed.
Update: Patient Access Solutions, Hestia Insight, and US Stem Cell to Form Business Consortium
COMMACK, NY (GLOBE NEWSWIRE) — via NewMediaWire — Patient Access Solutions, Inc. (OTC: PASO), a provider of technology and management solutions for the healthcare and financial industries, has announced today that Patient Access Solutions, (PASO) Hestia Insight through its subsidiary Hestia Health, and US Stem Cell will form a Consortium business model for the treatment of individuals with anxiety and depression.
Anxiety disorders affect 40 million adults and one in eight children in the United States. They interfere with daily functioning and often lead to depression, substance abuse, suicide attempts and other disorders. Depressive disorders affect about 19 million American adults. More than 50 percent of people diagnosed with depression also have an anxiety disorder. Coexisting anxiety and depression account for the most disabling mental health disorders in the United States.
We are coming out of a difficult period, with the COVID-19 pandemic, and we believe there are many innovative technologies that should be introduced in the healthcare industry and commercialized. Using Trancranial Magnetic Stimulation (TMS) will optimize the brain function. In recent years, the team has demonstrated that the results from treatment can lead to remarkable clinical improvements in many neuropsychiatric disorders.
Hestia Health, US Stem Cell, and Patient Access Solutions will provide the facility locations and all business narratives including funding/financing, branding, patient awareness campaigns, licensing, facility build outs, and billing.
The global healthcare market reached a value of nearly $8,452 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.3% since 2014, and is expected to grow at a CAGR of 8.9% to nearly $11,909 billion by 2022
EMBP: Effective Treatments for Complex Mental Health Challenges
The National Alliance on Mental Illness estimates 1 in 5 adults experience some form of mental health issue in 2020. Of those adults, 14.2 million (approximately 1 in 20) suffer from severe mental health disorders — debilitating afflictions like severe post traumatic stress disorder, major depressive disorder, or similar illnesses that can have social, physical, and financial impacts on life. These ripple effects have been linked to the 17 million American adults with a mental illness who experience a substance abuse disorder, or the higher rate of unemployment among adults with mental illnesses.
All this is to say mental health is a significant segment of our healthcare system worthy of finding proven, beneficial treatments. From a market perspective, mental health treatment is projected to surpass $537B by 2030, growing at a CAGR of 3.5%.
Better Life Clinics, a Patients Access Solutions subsidiary, is addressing mental health treatment with one of the most groundbreaking techniques in the industry: Electromagnetic Brain Pulse, or EMBP. EMBP is designed to restore the brain’s normal function, as in the optimized brain activity that would occur without the disruption of a mental illness. It’s a non-invasive, physician-led procedure in which brain patterns and activity are recorded. This helps the physician develop customized Transcranial Magnetic Stimulation, stimulating the brain’s nerve cells with electromagnetic pulses.
Primary treatments last approximately a month, following consultations and trials that are spread out over several days. Effective treatments result in a range of improved outcomes, from improved sleep to reduced anxiety, greater emotional stability, and more, dependent on the disorder being treated.
The video below offers detailed testimonials of patients who have benefited from this breakthrough treatment, sharing their symptoms before EMBP treatment, the positive changes they’ve experienced as a result, and more from their personal stories.
Throw A Lasso Over PASO
New Field of Practice Adds Value – The PASO Clinics will be revolutionizing “Non-Pharma” therapies for mental health disorders, by aggregating “Best of Breed” new therapies. These therapies are also gaining momentum in the billing/reimbursement area of practice management, which PASO is at the forefront of.
Experienced Team – The management team has over 40 years combined experience, helping optimize health practices.
Good Projections – As PASO rolls out their care facilities, they are projecting revenues of approx. $5M in 2021 and $9M by 2022, with costs of $1M and $3M respectively.
Growing Markets – The healthcare market is expected to grow at a CAGR of 8.9%, while the patient access solutions market is expected to grow at a CAGR of 8%. As both markets expand, PASO is well positioned to ride the wave.
A Needed Service – The administrative and managerial services PASO provides increase the profitability and efficiency of their partners.
Providing a Solid Framework for the Healthcare Industry
Patient Access Solutions Inc. (OTC: PASO) is positioned for growth. Their administrative and managerial services, from billing solutions to revenue cycle management, are critical to meeting the needs of a rapidly evolving health care marketplace. Using an arsenal of technology, resources, and partnerships, PASO maximizes productivity and profitability across a broad range of health care businesses.
Recently, PASO opened and has begun managing a new medical facility in Long Island, NY through their management group, PASHealth Management.. The unique approach of his facility is unlike any other, offering state of the art Biological Mental Health solutions, designed to help diagnose and treat anxiety, depression, PTSD, and more. The structure and guidance that PASO provides will be key in the growth and success of this new facility, where they will be offering Brain Mapping, Transcranial Magnetic Stimulation, an IV Suite, and more.
The opening of this Long Island facility has been exciting, as PASO is projecting revenues of $3M-$5M in the first year, with more facilities to follow. Beyond the financial upside though, is tackling the very real issue of anxiety and depression. PASO is forming a consortium with Hestia Insights and US Stem Cell, in order to help the 40M adults who struggle with depression, anxiety, or some combination thereof. Coming out of the Covid-19 pandemic, it’s unclear how much mental health has been affected by extended lock-downs. There is clearly a population in need, and PASO will be capitalizing on the opportunity to help.
At the end of 2021, PASO also released their CAMEO™ program. Designed to help relieve the overwhelming pressure being experienced within the mental healthcare industry, CAMEO™ is an acronym that stands for Comprehensive, Affordable, Mental Health, Effective, Outcomes.
The program is run out of the CAMEO™ New Horizons Center located in New Hyde Park, NY and provides those in need with one-on-one in-person counseling, for anxiety, stress, and depression. In addition to traditional counseling services, the New Horizons Center also offers treatment protocols like Trans Cranial Magnetic Stimulation (TMS) and Ketamine Infusion therapy. On top of that, the CAMEO™ solution also offers MY BOOST IV, a unique type of therapy that can be tailored to the needs of each individual to help support overall wellbeing and to help patients live happier, healthier lives.
New Facilities– The string of Mental Health Care facilities PASO is planning looks impressive, and the revenue potential is solid. Serving mental health is one of the ways we think businesses will see growth following the pandemic.
Steady Hands – PASO’s leadership has 40 years combined experience, which means they’ve been through their share of ups and downs. Coming out of 2020, we’re backing teams with enough experience to turn a down into an up.
Ready to Disrupt – It’s no secret that the health care system could use some elbow grease. PASO’s bread-and-butter is the use of technology to increase efficiency and efficacy in the industry. As they continue to expand into areas like mental health, with strong partners like Hestia and US Stem cell, they are positioned to be a truly disruptive force in a market that needs it.
Many Americans want to see their healthcare industry undergo massive reform, with 63% of adults saying the U.S. Government should be providing coverage for all. The fact is that does not exist today, with a growing demand for care that’s both reliable and affordable. And while the demand for care will not diminish, the demand for mental health care is growing significantly.
Patient Access Solutions’ partnership with Telamentalhealth.com and Veterans for America first may lay the foundation that grants accessible mental health care to more Americans. Hourlong therapy sessions can range from $65 to well over $200 per hour for those without insurance. But even those with insurance can face significant costs, with patients diagnosed with depression, for example, spending more than $10,000 per year for care.
The verdict: mental health care is neither affordable nor accessible for many. Patient Access Solutions is addressing that public need directly. And as more Americans create demand for affordable care, subscription-based services that don’t drain pockets such as the one introduced by Patient Access Solutions have the potential to lead us toward the reform many want.
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What we were paid to advertise the Profiled Issuers.
The details of our compensation and the period of the Campaign is set forth below.
Name of Issuer & Ticker Symbol - Patient Access Solutions, Inc. (PASO)
Amount & Form of Compensation - $1,500,000 in Common Stock
Who Paid for the Campaign & Position with Company if any - Patient Access Solutions, Inc. (PASO)
Period of Campaign - 4/12/2021-4/12/2022
What securities of the Profiled Issuers do we hold?
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Name of Issuer & Ticker Symbol - Patient Access Solutions, Inc. (PASO)
Number of Shares We or our Affiliates Hold - 125,000,000
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