OpenEC Subsidiary i-Plexus Signs New Channel Revenue Contracts With Three US Healthcare Software Companies Soren Technology, Lev
April 13 2011 - 12:35PM
Marketwired
Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX
VENTURE: OCE) is pleased to announce several new contracts and
sales growth for its subsidiary, i-Plexus Solutions ("iPlexus")
www.iPlexus.net
The Company has signed three separate recurring revenue channel
agreements with Soren Technology, Level 3 MPS and Visions Home
Health to supply their customer installations with the i-Plexus
Medical Claims and Payment Processing Transaction Service for
medical services claims submission to over 1,500 Health Insurance
Companies in the US.
Martyn Armstrong, CEO of Open EC states: "We are pleased to have
these well-established leaders in the HealthCare Practice
Management and Electronic Health Record Software sector to
participate in our revenue development channel programs and to
further validate our exceptional technology solutions. i-Plexus
claim processing and revenue management solutions provide their
software installation customers with reliable claims and payment
processing that improve the Accounts Receivable payment cycle and
reduces the number of rejected claims, which results in improved
cash flow for the HealthCare Practice. Ultimately this moves both
OpenEC and our channel partner forward in capturing more market
share of the multi-billion dollar healthcare processing
business."
Soren Technology (http://www.sorentech.com/) Ft Lauderdale,
Florida works with health care providers to establish the best
solution for collaboration, ACO (Accountable Care Organizations)
and specialists. Soren Technology's web-based platform is focused
on ease of use and rapid deployment and is ONC certified for
meaningful use. i-Plexus is selected as the solution's Claim
Processing, Payment Remittance & Insurance Elegibility
Service.
Level 3 Medical Practice Solutions (www.level3mps.com)
Pittsburgh, Pennsylvania is an innovative Medical Practice
integrated PM/EMR/EHR software company focused on providing
sensible solutions to medical practitioners in musculoskeletal
practices i.e. Pain Management, Addiction, Chiropractors, Physical
Therapists and Orthopaedic Surgeons throughout the US and Canadian
health care markets. Level 3's expertise evolves from having worked
with over 100 hospitals, 2000 orthopaedic surgeons as well as
hundreds of physical therapy clinics. The EMR PatientVu application
has been the market leader for over 8 years in the Pain Management
and Addiction market vertical in Canada. i-Plexus is selected as
the solution's Claim Processing, Payment Remittance & Insurance
Elegibility Service.
Visions Home Health (www.ast-visions.com ) Casselberry, Florida
is a comprehensive software package that is created for, and
affordable to, all home healthcare agencies. VISIONS Home Health
performs most of the major functions associated with home
healthcare administration with ease. From clinical, scheduling,
billing, and payroll. i-Plexus is selected as the solution's Claim
Processing, Payment Remittance & Insurance Elegibility
Service.
About Open EC Technologies
Open EC is a TSX Venture Exchange listed company. Its, iPlexus
Solutions subsidiary (www.iPlexus.net ) provides a subscription and
transaction based solution for US HealthCare Providers to process
their Medical Claims, Payment Remittance and Insurance Eligibility
with over 1,500 HealthCare Insurance Carriers. Open EC's SoftCare
EC Solutions Inc. subsidiary is an e-business software, services
and solution provider. SoftCare's OpenEC® TradeLink e-business
software includes solutions for Electronic Data Interchange (EDI),
Healthcare Interoperability and Business Process Management. The
Company sells the OpenEC® products, solutions and transaction
processing services to the healthcare, financial services and
retail supply chain in North America. The company has a growing
focus on turnkey solutions for US Healthcare Information Technology
Reforms funded by the US Federal Government ARRA programs for
Healthcare IT Interoperable mandates. Additional product and
solution information is available on the web at
www.SoftcareHealthcare.com and www.softcare.com and
www.iplexus.net. 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.
Contacts: Corporate Inquires Open EC Technologies, Inc. Martyn
Armstrong, President & CEO (604) 983-8083 (604) 983-8056 (FAX)
investors@openec.com www.openec.com Investor Relations SDNL
Financial Communications Sylvain Laberge (514) 380-5610
slaberge@sdnlfinancial.com
Open EC Technologies (TSXV:OCE)
Historical Stock Chart
From Jul 2024 to Aug 2024
Open EC Technologies (TSXV:OCE)
Historical Stock Chart
From Aug 2023 to Aug 2024