LEXINGTON, Ky., Jan. 21 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) today unveiled the framework for how it plans to take advantage of the availability of nearly 20 billion dollars in federal funding that is part of the House Appropriations Committee's $825 billion economic stimulus proposal.
"The modernization of our healthcare system has been an excruciatingly slow process for too many years. Historically the catalyst in jump-starting the adoption of any technology, in the physician practice market space, is the support and participation of the federal government. It is with great anticipation that we look forward to the 20 billion dollars that has been proposed for Healthcare Technology Improvement as part of the 825 billion dollar stimulus package before Congress," stated Jim Renfro, VirtualHealth Technologies, Inc. President. "It is our firm belief that one of the key issues in moving forward is going to be the subject of privacy and security, the public does not only expect, but demands that their personal information be kept secure," Renfro continued, "VirtualHealth has very aggressive plans for 2009 to introduce a new array of products, addressing these issues to our practice management customers in MOS and it is anticipated that the incentives provided by this proposed federal funding will accelerate the adoption into our customer base."
Medical Office Software (MOS) is a subsidiary of VirtualHealth Technologies, Inc. and serves over 1500 physician practice clients nationwide with tools to assist in both managing and enhancing the revenue of those practices. The first of the new product line will include a fully integrated practice management and electronic medical record solution newly designed exclusively for MOS and is expected to be available in the first quarter of 2009. Additional products will include secure messaging and patient portal technologies that will enhance the communication between physicians and their patients.
About VirtualHealth Technologies, Inc.
VirtualHealth Technologies, Inc. is committed to being the leader in the development and distribution of next generation solutions that connect healthcare providers to the rest of their community securely and efficiently. VirtualHealth's foundation is based on years of experience in providing highly sophisticated technology solutions to its existing medical customers and has branched out to include the pharmaceutical industry, as well as State and Federal Regulatory Agencies. VirtualHealth Technologies, Inc is headquartered in Lexington, Kentucky, with offices in Texas, Georgia and Florida. For more information, visit www.virtualhealthtechnologies.com
This press release contains forward-looking statements that reflect the Company's current expectations regarding future events. While these statements reflect the Company's best current judgment, they are subject to risks and uncertainties. Actual results may differ significantly from projected results due to a number of factors, including, but not limited to assumptions, beliefs and opinions relating to the business and growth strategy of VirtualHealth Technologies, Inc. and its wholly owned subsidiaries Verified Prescription Safeguards, Inc., VPS Holding, LLC, Envoii Healthcare, L.L.C., Medical Office Software, Inc. and implementation thereof, based upon the Company's interpretation and analysis of financial and market conditions, the decisions of businesses with whom the Company is either engaged in business with or negotiating, healthcare industry trends and management's ability to successfully finance, develop, market, sell and implement its e-commerce and internet solutions, clinical and financial e-transaction services and software applications to physicians, pharmacies, governmental agencies, laboratories, insurance companies, HMOs, and payers. These factors and other risk factors are more fully discussed in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any intent or obligation to update any forward-looking statements.
Contact: Shareholder Relations VirtualHealth Technologies, Inc. 325 West Main Street, Suite 240 Lexington, KY 40507 (859) 455-9255 Email: Shareholder.Relations@virtualhealthtechnologies.com Website: www.virtualhealthtechnologies.com
|SOURCE VirtualHealth Technologies, Inc.|
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