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Open EC Technologies, Inc. Announces Revenue & Technology Partnership with PracticeSuite Inc.(January 31, 2012)
NORTH VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/31/12 -- Open EC Technologies, Inc ("Open EC") (TSX VENTURE:OCE) subsidiary iPlexus Solutions Inc. ("iPlexus") is pleased to announce a strategic partner revenue agreement with PracticeSuite Inc. ("PracticeSuite") based in Silicon Valley, California. Under this agreement PracticeSuite will offer the iPlexus Claims Processing, Eligibility and Patient Statements Software Solutions through their sales network across the United States. The integrated solution will be implemented by PracticeSuite to further enhance their market leading Practice Solutions Software.
PracticeSuite is a Cloud based software company which offers a comprehensive suite of HealthCare Practice Scheduling, Medical Billing and Electronic Health Record solutions to medical billing companies, value added resellers, physicians and allied healthcare professionals in private practices across 32 specialties in over 30 states.
Vinod Nair, CEO of PracticeSuite states "We are very excited with this new relationship with iPlexus. This will enable us to offer better clearing house choices with improved technology, competitive pricing to our clients."
William Dagher, President SoftCare/iPlexus states "We are pleased to add PracticeSuite as a strategic revenue partner, a fast growing cloud based Patient Management, Medical Billing and Electronic Health Record software company. We are looking forward to integrating our offering into the PracticeSuite Solutions creating the first combined cloud based offering for both the clearinghouse and practice management solutions."
About PracticeSuite, Inc.
Based in Silicon Valley in California, PracticeSuite, Inc. is a fast growing cloud based, leading technology company with a full suite of practice solution of practice management, medical billing software and ONC certified EHR solution. PracticeSuite leaders are committed and passionate in addressing the larger issues surrounding private practices in our healthcare system. Driven by the vision to create a simple solution for complex problems, PracticeSuite leaders and its team work closely with their channel partners and end-users to constantly improve its system. Further information about PracticeSuite can be found at www.practicesuite.com.
About Open EC Technologies, Inc.
Open EC Technologies, Inc. is an e-Business Information Technology company with our corporate head office, marketing and development in Vancouver, BC, main HealthCare IT Solutions Operations office in San Antonio, Texas and Medical Practise Billing Operations office in Spring Hill, Florida. The company has software development and data center hosting operations in Maine, with Sales and Executive Management staff in Atlanta, Georgia.
The Company's focus is to provide software solutions and transaction processing services to assist Physicians, Hospitals, Health Plans, Insurance Brokers and State Governments to exchange information for HIPAA EDI Health Plan Enrolment, Health Insurance Eligibility, Health Insurance Claims, Claim Payments and HealthCare Provider Collaboration of supporting patient referral and industry compliance/reporting documentation.
Additional product and solution information is available on the web at www.SoftCareHealthcare.com, www.iPlexus.net and www.softcare.com and additional public company information is available on the web at www.openec.com. The Company's common shares trade on the TSX Venture Exchange under the symbol: OCE.
ON BEHALF OF THE BOARD
Martyn A. Armstrong, President and CEO
Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Martyn A. Armstrong, President & CEO of the Company.
This news release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Open EC Technologies, Inc
Martyn A. Armstrong
President & CEO
(604) 983-8056 (FAX)
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