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-90.00%
Close of 3 Nov 2026, in USD
About Patient Access Solutions
Its shares trade under the ticker PASO. It has been listed since 3 June 2008. In the fiscal year to 31 October 2021, it reported revenue of $212,736 and a net loss of $10.6m. At that date it held total assets of $489,193 and shareholders' equity of −$2.0m.
Patient Access Solutions, Inc. engages in the provision of healthcare and financial processing solutions for the healthcare and dental industries. The company is headquartered in Hauppauge, New York. The company went IPO on 2008-06-03. The firm provides healthcare/financial processing technologies. The firm has developed a single sign-on, Web-based, active server pages (ASP) platform, which offers electronic medical verification and claims processing system. The firm's services include D-PAS Technology, Claims Analyzer, Payment Processing, PAS Prescription Center, Electronic Medical Records and Patient Health Records, and Mobipen. D-PAS utilizes a digital pen and paper technology and all the information written is captured electronically, transmitted to a central processing server through the Internet and made available to back office and document management systems. Electronic Remittance Advice (ERA) transmits payment details from the payer. The company lets one print and post payments to the practice management system. The PASHealth Prescription Center consolidates electronic medical record (EMR) and e-Prescribing into one interface.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- N/A
- Industry
- N/A
- Listed since
- 3 Jun 2008
- Employees
- 14
- Website
- pashealth.com ↗
Leadership
Pay as last reported
- Bruce WeitzbergPresident, Chief Executive Officer, Director$184,166
- Dr. Donald ChiappettaChief Operating Officer
- Robert LinzaloneExecutive Vice President, Director, since 2008$184,166
- Joseph GonzalezDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Established reputation: Patient Access Solutions Inc has built a strong reputation in the healthcare industry, which enhances its credibility and attracts potential clients and partners.
- Innovative technology: The company has developed advanced patient access solutions that streamline workflows and improve efficiency in healthcare facilities, offering a competitive edge in the market.
- Strong customer base: Patient Access Solutions Inc has a significant customer base consisting of healthcare providers, hospitals, and clinics that rely on its services and contribute to steady revenue streams.
Weaknesses
- Limited market share: While having a strong customer base, Patient Access Solutions Inc faces intense competition from other players in the industry, limiting its market share potential.
- Dependence on healthcare industry: The company's success is closely tied to the healthcare sector, making it vulnerable to any fluctuations or uncertainties in the industry, such as changes in healthcare policies or regulations.
- Relatively small team: Patient Access Solutions Inc may face resource constraints with its smaller team, potentially impacting its ability to scale and meet growing demands.
Opportunities
- Growing healthcare market: The healthcare industry is expanding rapidly, presenting Patient Access Solutions Inc with opportunities to offer its services to a larger customer base and generate increased revenue.
- Technological advancements: As technology continues to evolve, there are opportunities for Patient Access Solutions Inc to leverage emerging solutions such as artificial intelligence and data analytics to enhance its offerings and stay ahead of competitors.
- Global expansion: The company can explore international markets and expand its presence beyond its current geographical reach, tapping into new market segments and diversifying its revenue sources.
Threats
- Intense competition: The healthcare technology industry is highly competitive, with numerous companies offering similar solutions. Patient Access Solutions Inc must continuously innovate and differentiate itself to avoid losing market share.
- Regulatory challenges: Compliance with changing healthcare regulations and privacy laws can pose challenges for the company, requiring ongoing investment to stay aligned with legal requirements.
- Economic downturns: During economic downturns or recessions, healthcare budgets may be reduced, impacting the willingness of potential clients to invest in patient access solutions, potentially affecting the company's revenue.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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