SCOTTSDALE, Ariz., Dec. 21 /PRNewswire-FirstCall/ -- MedCom USA, Inc. (BULLETIN BOARD: EMED) , a leading provider of healthcare and financial transaction solutions for the healthcare industry, will be expanding its Puerto Rico sales strategy with the addition of Worldwide Payment Services, Inc. (WPS), exclusive Puerto Rico distributor for Global Payments. Under the terms of this agreement, WPS will be able to offer the MedCom solution for the local healthcare Industry under the company's well-known brand name within the region.
With approximately 10,000 Healthcare provider offices on the island, many of them currently not utilizing POS or PC based claims equipment; there is tremendous opportunity to provide them with an efficient transaction solution. The MedCom System provides the updated Financial Self-pay solutions as well as the enhanced features of electronic Healthcare transactions including Real-time Benefit Verification and 100% Paperless Claims Processing that meet this need.
Mr. Bill Williams, President and CEO, MedCom USA stated, "We are very excited about the opportunity to provide a comprehensive solution in this unique marketplace. With our Spanish language terminal, our complete suite of transaction solutions, and our island based sales affiliation with WPS, we will be able to meet the needs of a sizable market area."
According to Oscar Munoz of Worldwide Payment Services, "The Island of Puerto Rico has a unique merchant base. Our challenge has been to provide the local Healthcare Industry with a financial transaction solution that meets their needs. By combining our regional transaction know-how and certified financial platform with the MedCom Healthcare Transaction System, we will now be able to provide a comprehensive solution to this emerging market within our territory."
This program will be initiated in December of this year following training of the sales forces
About HIPAA
Health Insurance Portability and Accountability Act of 1996 that requires health providers and health plans to adopt standards for electronic administrative and financial transactions.
About MedCom USA
MedCom USA, Inc. (BULLETIN BOARD: EMED) provides innovative solutions for electronically processing HIPAA compliant transactions within the healthcare industry. MedCom USA provides a terminal based service package and a compatible Web Portal add-on for physicians, clinics and hospitals and dentists that include the following services: Patient Eligibility, 100% Paperless Claims Processing, Electronic Referrals, Patient Easy Pay, Credit/Debit Cards, Check Guarantee and Accounts Receivable Financing. The MedCom USA Internet address is http://www.medcomusa.com/.
About Worldwide Payment Systems
Worldwide Payment Services, Inc. is a premier provider of end-to-end, credit/debit/gift/loyalty/store value cards and check acceptance processing systems and services for banks, merchants, corporations and government agencies. We specialize in serving the payment processing needs of the Puerto Rico business community by providing value-added, customized solutions specific to their regional needs.
Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although MedCom USA, Inc. management believes the expectations reflected in such forward-looking statements are based on reasonable assumptions; it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in MedCom USA, Inc.'s SEC reports, including the company's most recent 10-K and subsequent 10Q-s.
MedCom USA, Inc.CONTACT: Kent Barghols of MedCom USA, +1-515-276-1180,BARGHOLSB@MSN.COM; or Oscar Munoz of Worldwide Payment Services,+1-787-277-9520, Oscar.Munoz@worldwidepay.net
Web site: http://www.medcomusa.com/
