MedLink Announces Acquisition of LabTestPortal.com
08 Julio 2010 - 12:07PM
Marketwired
MedLink (OTCBB: MLKNA), a leading provider of Electronic Health
Records and practice management solutions, is pleased to announce
the acquisition of LabTestPortal, a direct-to-consumer laboratory
testing platform. The acquisition provides MedLink with an entry
into the direct-to-consumer laboratory testing market which has
gained significant traction in the more than $50 billion U.S.
laboratory testing market.
LabTestPortal is a service provider that delivers
direct-to-consumer secure and confidential laboratory testing to
consumers, that eliminates the need to see a primary care physician
and receive insurance approval for maintenance and advanced lab
tests. Through a Personal Health Record portal, consumers are able
to track their lab testing results as well as store vital
healthcare documents and information and receive results in most
cases in less than 48 hours.
Ray Vuono, President of MedLink, stated, "The market for DTC lab
testing has experienced an annual growth rate of 15-20 %, due to
Consumers continuing to take charge of their own health through
disease prevention and early detection. With managed care
companies, as well as Medicare and Medicaid refusing to pay in most
cases for tests without 'symptoms of disease,' DTC laboratory
testing presents the only avenue for disease prevention for most
consumers." Mr. Vuono continued, "MedLink's entry into the DTC lab
test market, establishes a differentiator for MedLink in the EHR
and Healthcare IT marketplace, providing services and synergies
that enhance MedLink's overall offering not only to the end user
patient but as an added benefit to the MedLink Lab outreach program
and RHIO Financial Sustainability model."
About LabTestPortal.com
LabTestPortal.com (LTP) is a service provider that delivers
direct-to-consumer secure and confidential laboratory testing,
alleviating the need to spend precious time waiting to see a
primary care physician for consumers. LTP provides a Personal
Health Record portal where consumers are able to track their lab
testing results as well as store vital healthcare documents and
information. LTP is a necessary tool for all consumers to better
manage their health through monitoring and education. The Personal
HealthCare revolution is in its early stages and LTP is a bold and
fresh part of this new and innovative methodology of personal
healthcare. We are dedicated in providing the most comprehensive
customer service with an affordable and secure product offering
available to consumers in all 50 states.
About MedLink
MedLink is a healthcare IT company that provides the medical
community with products and services designed to help create,
manage, and share medical information. The company's flagship
product, MedLink TotalOffice EHR 3.1, a CCHIT Certified® 08
Ambulatory EHR, provides physicians with full EHR and practice
management functionality. For more information regarding MedLink's
products and services, please visit www.medlinkus.com.
Safe Harbor Statement
This news release may contain forward-looking statements within
the meaning of the federal securities laws. Statements regarding
future events, developments, the Company's future performance, as
well as management's expectations, beliefs, intentions, plans,
estimates or projections relating to the future are forward-looking
statements within the meaning of these laws. These forward-looking
statements are subject to a number of risks and uncertainties,
outlined in our 2009 Annual Report on Form 10-K available through
www.sec.gov. The Company undertakes no obligation to update
publicly any forward-looking statement, whether as a result of new
information, future events or otherwise.
Contact: MedLink International, Inc. (631) 342-8800 Email
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