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VirtualHealth and Silk Partner to Provide Physicians with Revenue Recovery Solutions
Date:6/15/2009

LEXINGTON, Ky., June 15 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) announced today that it has finalized its agreement to partner with Silk Information Systems, Inc. (SILK) to provide Web-based Electronic Health Records, Revenue Cycle Management and Billing solutions with no cost of entry to its base of 1,500 medical practice clients through VHGI's subsidiary Medical Office Software (MOS).

"The opportunity that Silk provides MOS clients is the ability to recapture the hundreds of thousands in lost revenue due to the inefficiencies found in most practices," says Robert Tapales, VHGI Vice President of Operations. "Physicians are not immune to the economic down spiral experienced by most Americans today, they operate businesses and if they aren't able to efficiently manage the myriad of insurance and government regulations that affect their revenues then they just won't be able to continue operating." Tapales continues, "This relationship brings some truly cutting edge solutions to our customers to help manage their information, increase their cash flow and most importantly provide better quality care to their patients and at absolutely no upfront cost to the practice, now that's exciting."

According to Lyle Thompson, Silk's CEO, "Silk Information Systems, Inc. (SILK) is extremely excited about this partnership with VHGI. Our fully integrated Billing and EHR (SILK V4.2 CCHIT 2008 certified technology) coupled with our supporting services enables practices to turn the costly burden of technology adoption, payor and government complexity in to a single simplified solution with no cost of entry to MOS's clients. According to the AMA, physicians will spend 14% of their collected revenues just to bill correctly. 50% of all claims filed are denied with 50% of those denied claims never being collected. MOS will now have the ability to provide their customers the automation and auditing contr
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SOURCE VirtualHealth Technologies, Inc.
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