BALDWINSVILLE, N.Y. -- Patient Portal Technologies, Inc. (OTCBB:PPRG) announced today that its TB&A Hospital Television subsidiary had been awarded a contract extension from Novation of Irving, TX to provide hospital quality televisions, patient bedside communications systems, and related patient support services. The Company expects approximately $5 million in total revenue from this contract during fiscal years 2008 and 2009.
Novation is the contracting services company for the VHA, UHC and Trovista. Through its affiliation, Novation represents $31.6 billion in annual purchases, 44 percent of the staffed beds in the United States, 49 percent of the nation's admissions and 52 percent of the nation's total surgeries. "Novation is one of the elite and most respected contracted service providers in all of healthcare," said Kevin Kelly, CEO of Patient Portal Technologies, Inc. "This agreement will greatly enhance our national rollout of Patient Portal Technologies, Inc.'s entire service offerings."
Patient Portal Technologies is an industry leader at assisting hospitals improve their financial performance by deploying its proprietary patient communication and information systems and solutions. The Company's products and services utilize a state-of-the-art proprietary software platform that addresses the entire continuum of care cycle, before, during and after the hospital stay by optimizing patient scheduling, reducing administrative costs, providing patient specific education and improving medication management, all of which maximizes reimbursement to service providers. The company provides its products and solutions to hospitals and healthcare facilities throughout the entire United States.
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