Charles D

Learn more about MedLink at my Forum: http://www.charlesd.net/forum and our Stock page: http://bit.ly/a7aD2p

Patient Access Solutions, Inc. and MedLink International Announce Joint Venture Agreement
HAUPPAUGE, N.Y., May 27, 2010 (GLOBE NEWSWIRE) -- Patient Access Solutions, Inc. (Pink Sheets:PASO - News), an emerging provider of healthcare/financial processing technologies for the healthcare and home care industry, today announced a Cross Marketing agreement with MedLink (OTCBB:MLKNA - News), a leading healthcare IT provider of Electronic Health Record (EHR), practice management, and clinical integration software to the medical community. The partnership will provide a natural synergy of combined solutions between the companies that will enable enhanced information exchange capabilities to increase the efficacy of the RHIO (Regional Health Information Organization) Financial Sustainability Model by integrating Patient Access Solutions claims, reporting and payment modules into the MedLink TotalOffice solution.
"Patient Access Solutions and MedLink have both benefited from being strong, healthcare solutions providers for many years, and this agreement is a natural extension of that business model," said Bruce Weitzberg, President and CEO, Patient Access Solutions. "In addition to its proven track record in the EMR industry, MedLink will provide the IT mechanisms necessary for PAS to continue to innovate and grow, which will benefit current and future customers and investors. The eventual integration of the PAS claims and payment modules into MedLink enables PAS to continue to refine its focus on its strategic businesses and the clients of those businesses."
"This agreement is a significant addition to MedLink's efforts to become a leading provider of EMR solutions," said Ray Vouno, President and CEO, MedLink International. "We will invest the necessary resources to make this PAS integration successful. PAS has a significant base of customers and relationships that will bring immediate benefits in the way we at MedLink offer our products and services; PAS has significant customers that will be exposed to our Lab and EHR products and I look forward to working with PAS as we move forward with our relationship."
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(R) 08 Ambulatory EHR, provides physicians with full EHR and practice management functionality. For more information regarding MedLink's products and services, please visit http://www.medlinkus.com/.
http://finance.yahoo.com/news/Patien....html?x=0&.v=2

Quarterly Report MedLink International Ticker: MLKNA
HAUPPAUGE, N.Y., May 27, 2010 (GLOBE NEWSWIRE) -- Patient Access Solutions, Inc. (Pink Sheets:PASO - News), an emerging provider of healthcare/financial processing technologies for the healthcare and home care industry, today announced a Cross Marketing agreement with MedLink (OTCBB:MLKNA - News), a leading healthcare IT provider of Electronic Health Record (EHR), practice management, and clinical integration software to the medical community. The partnership will provide a natural synergy of combined solutions between the companies that will enable enhanced information exchange capabilities to increase the efficacy of the RHIO (Regional Health Information Organization) Financial Sustainability Model by integrating Patient Access Solutions claims, reporting and payment modules into the MedLink TotalOffice solution.
"Patient Access Solutions and MedLink have both benefited from being strong, healthcare solutions providers for many years, and this agreement is a natural extension of that business model," said Bruce Weitzberg, President and CEO, Patient Access Solutions. "In addition to its proven track record in the EMR industry, MedLink will provide the IT mechanisms necessary for PAS to continue to innovate and grow, which will benefit current and future customers and investors. The eventual integration of the PAS claims and payment modules into MedLink enables PAS to continue to refine its focus on its strategic businesses and the clients of those businesses."
"This agreement is a significant addition to MedLink's efforts to become a leading provider of EMR solutions," said Ray Vouno, President and CEO, MedLink International. "We will invest the necessary resources to make this PAS integration successful. PAS has a significant base of customers and relationships that will bring immediate benefits in the way we at MedLink offer our products and services; PAS has significant customers that will be exposed to our Lab and EHR products and I look forward to working with PAS as we move forward with our relationship."
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(R) 08 Ambulatory EHR, provides physicians with full EHR and practice management functionality. For more information regarding MedLink's products and services, please visit http://www.medlinkus.com/.
http://finance.yahoo.com/news/Patien....html?x=0&.v=2


21-May-2010
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Business Overview
Introduction
During the period ended March 31, 2010, MedLink recorded a profitable quarter and exceeded its full year revenues for 2009 during the first three months of 2010 alone. The company invested heavily in the expansion of its sales force during the first quarter and increased it inside sales and marketing staff to 16 full-time employees. MedLink increased revenues from the first quarter were primarily attributable to increased sales of the MedLink TotalOffice EHR, which were spurred through RHIO's subsidies of physicians and through the expansion of its lab outreach program. During the first quarter the Company also announced that it was only 1 of 7 EHR Vendors to be qualified by the Center for Medicare and Medicaid Services ("CMS") for direct submission of PQRI data which the management of the Company views as a compelling competitive advantage and a cornerstone for Providers to achieve to "meaningful use". The Company continues to gain traction and garner significant contracts that will have a positive result on the Company's operations for the remainder of 2010. Significant First quarter highlights included:
- Selection by CMS as 1 of 7 'Qualified Vendors'
- Launch of the MedLink TotalOffice EHR through the Interboro RHIO Program
- Expansion of internal sales team to 16 full time employees
- Finalist in the New York Regional Extension Center
- Expanded VAR program, including the introduction of Caliber Point, a $200m + multi-national sales organization

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Company Overview
MedLink sells and supports a proprietary electronic health record ("EHR") application, including practice management for physician practices. MedLink's flagship offering is the CCHIT Certified 08 Ambulatory MedLink TotalOffice EHR, a healthcare information enterprise system that provides physician practices with an entire practice management, clinical decision support and EHR solution. MedLink's TotalOffice EHR is priced below competing products with similar comprehensive services and is only one of seven EHR's to be qualified by CMS. MedLink also offers a "lite" version of its application, the MedLink EHR Lite, which provides physicians with basic EHR functionality at no cost to physicians. Through business partnerships, MedLink offers physician practices complete billing, collection, hardware and network infrastructure and use of the TotalOffice EHR, all for a fixed fee determined by the practice's annual billing revenue.
MedLink's business strategy is to build critical mass and develop a national presence among small to medium sized physician practices (1 to 10 physicians) by increasing market penetration of EHR Lite and TotalOffice EHR. The small physician practice market segment remains largely unpenetrated for EHRs, with less than 10% of practices in the market having yet to adopt EHR technology. With more than $19 billion in federal incentives and mandates to adopt by 2014, more than 160,000 practices in MedLink key demographic market are expected to adopt EHR in the next 3 years. As part of its growth strategy, MedLink is working with a number of Regional Health Information Networks ("RHIOs") and is partnering with RHIO's, radiology centers, hospitals, laboratories and revenue cycle management companies that subsidize the overall cost of the MedLink TotalOffice EHR up to 85% for qualifying practices. MedLink's strategic partnerships and growing network of value added resellers provides a framework for physician adoption and a captive audience to target a focused sales and marketing plan.
MedLink has strategically positioned itself to execute on all facets of its business plan which the Company expects will result in tremendous growth in 2010.
Recent Business Developments
MedLink Qualified by the Centers for Medicare and Medicaid Services (CMS)
In January 2010, MedLink and its CCHIT 2008 certified MedLink TotalOffice EHR 3.1 was "Qualified" by CMS to participate in the Physician Quality Reporting Initiative ("PQRI") 2010 EHR direct reporting program. PQRI is a voluntary quality reporting program that offers financial incentives to eligible healthcare providers. The program provides for the payment of up to 2% of the total allowed charges. PQRI reporting focuses on quality of care measures, such as prevention, chronic care management, acute episode of care management, procedural related care, resource utilization and care coordination. The 2% PQRI payments are in addition to the 2% e-prescribing incentive available to physicians who utilize e-prescriptions tools, available through MedLink's TotalOffice EHR.
In January of 2010, MedLink successfully completed the third and final phase of the CMS testing program and was "Qualified" along with only 6 other EHR vendors for direct PQRI reporting from an EHR, creating a significant market differentiator for MedLink. MedLink's ability to report directly to CMS should positively influence physicians when deciding among competing EHR vendors to select MedLink. This is another example of how MedLink differentiates itself and puts its technology in the same league as industry leaders such as Allscripts, Epic and NextGen. The CMS Project is significant because of the focus on healthcare cost reduction through technology and preventative care. MedLink will give physicians who use MedLink's products the ability to directly report Quality Measures directly to CMS. This connection allows those physicians to save time and collect money available for such programs much more efficiently. This is a clear differentiator and will be used as part of MedLink's marketing across the country.

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Expanded Lab Program
During the first quarter, the Company hired Mr. Jack Redding as Executive Vice President of Clinical Integrations to heads its expanded lab outreach program. The Company will provide its lab provider portal along with integration to the MedLink EHR and MedLink Data Aggregator to laboratories and hospital outpatient labs to improve communication with their referring physicians. The Company charges a one-time integration cost to the lab or hospital and a monthly fee per physician for access to the portal. The lab outreach portal is a natural extension for the Company and its suite of EHR products with lab communication being a key component in Providers achieving 'meaningful use'.
Interboro RHIO
MedLink was also recently selected by Interboro RHIO after an exhaustive 1 year RFI and selection process. Selection by Interboro is a testament to the MedLink TotalOffice EHR as MedLink was selected above the industry's market leaders. The Interboro RHIO is a clinical data exchange ("CDE") serving the County of Queens, northern Brooklyn and surrounding communities which will serve as a hub for the communication of patient information between healthcare providers within the community. Under the contract, the Interboro RHIO will subsidize providers 85% of the cost to purchase and implement the MedLink TotalOffice EHR. Providers that receive the Interboro subsidy will receive: the MedLink TotalOffice License, implementation and customization, three days of on-site implementation assistance, ten months maintenance and support, on-site health IT adoption and support assistance and Interboro RHIO connectivity through 2011. There are an estimated 7,000 physicians who could be eligible for the program in the Interboro RHIO service area. A 5 physician practice, for example, under the Interboro RHIO program subsidy would receive the MedLink TotalOffice EHR and related HIT services of a total cost of $75,830, of which the Interboro RHIO would subsidize $63,946, resulting in a cost to the practice of just $11,885 or less than $2,400 per physician.
Initial interest in the program has been significant and MedLink has increased its sales team to promote the program to medical practices in Queens and Brooklyn. The Interboro RHIO is funded through a current grant of $7.7 million from New York State.
Other RHIO Programs
MedLink is either a finalist or under consideration for inclusion as a preferred vendor in a number of other RHIO programs in New York State, Florida, Connecticut, Georgia and Alabama. RHIOs are quickly becoming key intermediaries to support federal and state financial incentive programs by allocating subsidies and grants to physicians to pay for EHR software and installation.
During the 1st quarter of 2010, MedLink introduced the RHIO financial sustainability Model and signed the SunCoast RHIO in Florida during the second quarter as the first participant. These types of programs will add to the exposure of the MedLink products in the various RHIO areas. The Company has received increased interest from RHIO's across the country since the announcement of the Sun Coast RHIO and plans to utilize the RHIO financial sustainability model as a key driver for EHR adoption and the sharing of clinical information data through the MedLink Data Aggregator.
RHIO participation represents a key component of MedLink's growth strategy. MedLink is particularly well positioned in dealing with RHIOs as it is the lowest cost option among competitive offerings and as such, allows the RHIOs to apply their dollars across more physicians. MedLink is positioned to take advantage of these RHIO opportunities as a result of its development process and its adherence to the various standards for handling and transmitting data with networks such as the National Health Information Network and the State Health Information Network of NY. MedLink has already provided data to organizations in various manners and in doing so, has differentiated itself from a technology standpoint which has resulted in various projects becoming available to it in 2010.

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New York City Department of Health Contract
The Company signed an agreement with the New York City Department of Health (NYC DOH), the nation's leading municipality in healthcare IT. The NYC DOH has a number of initiatives underway to promote the adoption of EHRs in order to collect patient data. As a normal part of its business strategy, MedLink has been in active discussions with the NYC DOH to participate in these initiatives and to promote the installation of TotalOffice EHRs as one means for the NYC DOH to accomplish their objectives. MedLink and NYC DOH finalized an agreement in late December 2009 to work together on a number of initiatives, including:
Quality Reporting and Syndromic Surveillance: Syndromic Surveillance is the daily reporting on the conditions or symptoms that would cause someone to go their doctor. Physicians document this as the "Chief Complaint" as part of the patient encounter. MedLink EHR has been approved and was the only EHR to pass NYC DOH reporting standards for Syndromic Surveillance reporting.
Public Health Alert System: NYC DOH is implementing and developing a Public Health Alert Push (i.e., an alert push is an actionable item by physicians to make alerts regarding certain matters of concern, such as a virus that would require reporting, vaccination documentation or orders) in conjunction with MedLink.
MedLink Data Aggregator: MedLink has developed a software application in which it can aggregate data from smaller EHR systems and deliver the data to the NYC DOH for quality reporting requirements. Under the terms of the agreement the MedLink Data Aggregator will be the exclusive gateway for other healthcare IT vendors and systems to deliver patient information to NYC DOH, which will establish MedLink as one of the largest clinical patient database in the country.
Economic Stimulus Package Provides Incentives for Physicians to Adopt EHRs
MedLink's TotalOffice EHR is well-positioned to be a beneficiary of the recently enacted stimulus bill, the American Recovery and Reinvestment Act of 2009 ("ARRA"), which provides incentives for office-based physicians and other providers to adopt electronic health records. Physicians can qualify under either the Medicare or Medicaid provision of ARRA. The Medicare provision includes incentives of up to $44,000 per physician over a 5-year period. The Medicaid provision includes incentives of up to $64,000 per physician over a 6-year period. The funds become available for office-based physicians on January 1, 2011. In order to qualify for incentives, physicians must demonstrate "meaningful use" of a certified EHR. "Meaningful use" is not yet defined, but will likely be defined as measurable results that demonstrate quality, safety and efficiency improvements. The certification requirements, also not yet defined, are likely to be based on the standards adopted by CCHIT and framed around the PQRI data submitted directly to the Centers of Medicare and Medicaid Services ("CMS").
CMS Incentives: Beginning in 2011, office-based physicians who are "meaningful users" of certified EHRs are entitled to receive $44,000 to $64,000 over 5 years, from 2011 to 2015. To be eligible under this provision, office-based physicians must demonstrate "meaningful use" of a "qualified" EHR by reporting quality measure reports to CMS.
Office-based physicians who do not adopt EHR technology by 2015 will be penalized by seeing their Medicare payments reduced by 1% in 2015, 2% in 2016, 3% in 2017 and beyond. In 2018 and beyond, the HHS Secretary may decrease one additional percentage point per year (maximum of 5%) contingent upon the levels of overall EHR adoption in the market.

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Contractual Obligations
We have contractual obligations to maintain operating leases for property. The following table summarizes our long-term contractual obligations and commitments as of March 31, 2010:
Total Less Than 1 Year 1-3 Years
Operating lease obligations
$337,932 $78,932 $259,000
The commitments under our operating leases shown above consist primarily of lease payments for our Ronkonkoma, New York corporate headquarters.
Off-Balance Sheet Arrangements
As of March 31, 2010 and December 31, 2009, we did not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.
RESULTS OF OPERATIONS
Three Months Ended March 31, 2010 Compared to Three Months Ended March 31, 2009.
The Company's revenues from continuing operations for the period ending March 31, 2010 and 2009 were $610,769 and $144,187, respectively. The increase in revenue is primarily attributable to expanded sales of the MedLink TotalOffice EHR and integration fees with labs and radiology centers.
Expenses for the period ending March 31, 2010 and 2009 were $410,068 and $527,634, respectively. The decrease in 2010 is primarily attributable to decreased stock-based compensation expenses although the Company's payroll has increased significantly with a staff of over 40 full time employees.
The Company had net profit/(loss) of $13,000 and ($386,531) for the period ending March 31, 2010 and 2009, respectively. The net profit is primarily attributable to increase sales of the MedLink Total Office EHR, Lab and Radiology Integrations fee's, the scale back of the Company's operations in California and decreased compensation expenses due to decreased stock-based compensation expenses.
Liquidity and Capital Resources
At March 31, 2010, the Company had a working capital deficiency of ($1,387,520). While the Company believes revenue that will be earned from the sales of the MedLink EHR, integration fees from labs and imaging centers as well as recurring revenue from the maintenance and support of its applications will soon be sufficient to sustain the Company's operations, there can be no guarantee that this will be the case and that the Company will not have to raise additional capital from investors.

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The Company expects to experience significant growth over the next several years. As a result of the recent federal stimulus bill, over the next two to five years, an increasing number of physicians will be adopting EHR technology. There will be billions of dollars in public and private initiatives available to facilitate a rapid movement toward adoption. The federal initiative funds will be available to vendors, such as MedLink, who have demonstrated "meaningful use" (such as under CMS PQRI reporting), complied with state EHR requirements and interoperability requirements (such as with NY RHIOs) and have current year CCHIT certification. As part of its ongoing business strategy, MedLink continues to raise additional capital to execute on its business opportunities.
Critical Accounting Policies
We believe there are several accounting policies that are critical to the understanding of our historical and future performance as these policies affect the reported amount of revenues and expenses and other significant areas and involve management's most difficult, subjective or complex judgments and estimates. On an ongoing basis, management evaluates and adjusts its estimates and judgments, if necessary. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingencies. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be materially different from those estimates. These critical accounting policies relate to revenue recognition, allowance for doubtful accounts, capitalized software development costs, stock-based compensation and income taxes. Please refer to Note 1 of the audited Consolidated Financial Statements for further discussion of our significant accounting policies.
The preparation of financial statements and related disclosures requires management to make judgments, assumptions and estimates that affect the amounts in the Consolidated Financial Statements and accompanying notes. Note 1 to the Consolidated Annual Report on Form 10-K for the year ended December 31, 2009 describes the significant accounting policies and methods used in the preparation of the Consolidated Financial Statements. Estimates are used for, but not limited to, goodwill impairment and long-lived asset impairments. The following critical accounting policies are impacted significantly by judgments, assumptions and estimates used in the preparation of the Consolidated Financial Statements.
Revenue Recognition
Revenues are derived from licensing of computer software and professional services (including implementation, integration, and training) and the sale of computer hardware. We evaluate revenue recognition on a contract-by-contract basis as the terms of each arrangement vary. The evaluation of our contractual arrangements often requires judgments and estimates that affect the timing of revenue recognized in our statements of operations. Specifically, we may be required to make judgments about:
- whether the fees associated with our software and services are fixed or determinable;
- whether collection of our fees is considered probable;
- whether professional services are essential to the functionality of the related software;
- whether we have the ability to make reasonably dependable estimates in the application of the percentage-of-completion method; and
- whether we have verifiable objective evidence of fair value for our software and services.

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Allowance for Doubtful Accounts
In evaluating the collectability of our accounts receivable, we assess a number of factors, including a specific client's ability to meet its financial obligations to us, as well as general factors such as the length of time the receivables are past due and historical collection experience. Based on these assessments, we record a reserve for specific account balances as well as a reserve based on our historical experience for bad debt to reduce the related receivables to the amount we ultimately expect to collect from clients. If circumstances related to specific clients change, or economic conditions deteriorate such that our past collection experience is no longer relevant, our estimate of the recoverability of our accounts receivable could be further reduced from the levels provided for in the Consolidated Financial Statements.
Goodwill
ASC Topic 350, formerly SFAS No. 142, "Goodwill and Other Intangible Assets," classifies intangible assets into three categories: (1) intangible assets with definite lives subject to amortization; (2) intangible assets with indefinite lives not subject to amortization; and (3) goodwill. For intangible assets with definite lives, tests for impairment must be performed if conditions exist that indicate the carrying value may not be recoverable. For intangible assets with indefinite lives and goodwill, tests for impairment must be performed at least annually or more frequently if events or circumstances indicate that assets might be impaired. Our acquired technology and other intangible assets determined to have definite lives are amortized over their useful lives. In accordance with SFAS No. 142, if conditions exist that indicate the carrying value may not be recoverable; we review such intangible assets with definite lives for impairment. Such conditions may include an economic downturn in a market or a change in the assessment of future operations. Goodwill is not amortized. We perform tests for impairment of goodwill annually, or more frequently if events or circumstances indicate it might be impaired. We have only one reporting unit for which all goodwill is assigned. Impairment tests for goodwill include comparing the fair value of the company compared to the comparable carrying value, including goodwill.
Use of Estimates
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Accounting for Stock-Based Compensation
ASC Topic 505, formerly SFAS 123 ("SFAS 123(R)") requires compensation costs related to share-based payment transactions to be recognized in the statement of operations. With limited exceptions, the amount of compensation cost is measured based on the grant-date fair value of the equity or liability instruments issued. In addition, liability awards will be re-measured each reporting period. Compensation cost will be recognized over the period that an employee provides service in exchange for the award. In 2009, the Company used the black-scholes option pricing model for estimating the fair value of the options granted under the company's incentive plan.
Earnings Per Share
Basic earnings per share ("EPS") is computed by dividing earnings available to common shareholders by the weighted-average number of common shares outstanding for the period as required by ASC Topic 260, formerly the Financial Accounting Standards Board ("FASB"). Diluted EPS reflects the potential dilution of securities that could share in the earnings.

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Disclosure about Derivative Instruments and Hedging Activities
According to ASC Topic 815, formerly SFAS No. 161, "Disclosure about Derivative Instruments and Hedging Activities," the objectives for using derivative instruments must be disclosed in terms of underlying risk and accounting designation.
Determination of the Useful Life of Intangible Assets
ASC Topic 350, formerly FSP FAS 142-3, "Determination of the Useful Life of Intangible Assets," is used to improve the consistency between the useful life of a recognized intangible asset under SFAS 142 and the period of the expected cash flows used to measure the fair value of the asset under FASB 141 (revised 2007) "Business Combinations" and other U.S. generally accepted accounting principles. The Company is currently evaluating the potential impact of FSP FAS 142-3 on its consolidated financial statements.
CAUTIONARY STATEMENT PURSUANT TO "SAFE HARBOR" PROVISIONS OF SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934
The information in this annual report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such Act provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about their businesses so long as they identify these statements as forward looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ from the projected results. All statements other than those statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. Our actual results may differ significantly from management's expectations.
The following discussion and analysis should be read in conjunction with the Consolidated Financial Statements of MedLink International, Inc., contained herein and in the Company's annual report for the year ended December 31, 2009 as filed on Form 10-K/A. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management.


http://biz.yahoo.com/e/100521/mlkna.ob10-q.html

May 21, 2010 - SCH 13D filed with SEC....Galileo Partners, LLC take a 7% stake in Medlink International - Ticker MLKNA

13D Filed: Pretty interesting Stuff!!! The Managing Member "Steve Antebi" used to be a managing director with Bear Stearns back in the 1980's and 1990's. He certainly must know what he is doing. It is nice to know that someone like him owns a huge chunk of MLKNA! WooHoo!!! Things are going to heat up. ....

SC 13D 1 sc13d.htm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

(Amendment No. __)

Medlink International, Inc.
(Name of Issuer)

Common Stock, par value $.001 per share
________________________________________
(Title of Class of Securities)

_____________________________
(CUSIP Number)

Galileo Partners, LLC
10550 Fontenelle Way
Los Angeles, CA 9077
(310) 474-7800
__________________________________________________ _ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

May 19, 2010
_____________________________
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box / /.

(Continued on following pages)

(Page 1 of 5 Pages)

1
NAME OF REPORTING PERSON

Galileo Partners, LLC

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) / / (B) / /

3
SEC USE ONLY

4
SOURCE OF FUNDS*

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E): / /

6
CITIZENSHIP OR PLACE OF ORGANIZATION

California

NUMBER OF SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH

7
SOLE VOTING POWER

2,195,000 (A)

8
SHARED VOTING POWER

0
9
SOLE DISPOSITIVE POWER

2,195,000 (A)

10
SHARED DISPOSITIVE POWER

0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

2,195,000 (A)

12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* / /

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

7%

14
TYPE OF REPORTING PERSON*

OO (Limited Liability Company)

(A) See Item 5.

Item 1.
Security And Issuer.

This statement on Schedule 13D relates to the Series A Common Stock (the “Shares”), Series A Preferred Stock, each share of which is convertible into 1,000 Shares at a conversion price of $0.45 per share, (the “Series A Preferred”)and warrants to purchase Series A Preferred of Medlink International, Inc., a Minnesota corporation (the “Issuer”). The Issuer’s principal executive offices are located at 11 Oval Drive, Suite 200B Islandia NY,11749

Item 2.
Identity And Background.

This statement is being filed by Galileo Partners, LLC (“Galileo”) (the “Reporting Person”) whose principal business is investments and the principal business address is 10550 Fontenelle Way, Los Angeles, CA, 90077. Galileo is a California a limited liability company. During the past five years the Reporting Person has not been convicted in a criminal proceeding or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of which any of the foregoing was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws, or finding any violation with respect to such laws.

Item 3.
Source And Amount Of Funds Or Other Consideration.

The total amount of funds used to purchase the Securities was $360,000 and was furnished from the working capital of Galileo.

Item 4.
Purpose Of The Transaction.

On February 10, 2010 the Reporting Person received 500,000 Shares pursuant to a consulting arrangement with the Issuer.

On March 4, 2010 the Reporting Person received 95,000 Shares pursuant to a consulting arrangement with an affiliate.

On March 11, 2010 the Reporting Person purchased 200 shares of Series A Preferred and a three – year warrant to purchase 200,000 shares of Series A Preferred at an exercise price of $1.05 per share (the Series A Warrants”) (1) for the purchase price of $90,000.

On April 8, 2010 the Reporting Person purchased an additional 200 shares of Series A Preferred and additional Series A Warrants (1) for the purchase price of $90,000.

On April 23, 2010 the Reporting Person purchased an additional 200 shares of Series A Preferred and additional Series A Warrants (1) for the purchase price of $90,000

On May 13, 2010 the Reporting Person purchased an additional 200 shares of Series A Preferred and additional Series A Warrants (1) for the purchase price of $90,000.

(1) The Issuer granted the Series A Warrants in May 2010 retroactive to the purchase dates of the Series A Preferred Stock.

Item 5.
Interest In Securities Of The Issuer.

Galileo is the owners of an aggregate of 2,195,000 Shares (on an as diluted basis), representing approximately 7% of the outstanding Shares (based upon 31,567,236 Shares outstanding as of December 31, 2009, as reported on the latest 10-K filed by the Issuer ).

Item 6.
Contracts, Arrangements, Understandings Or Relationships With Respect To Securities Of The Issuer.

Not applicable

Item 7.
Material To Be Filed As Exhibits.

None

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.

Galileo Partners, LLC

DATED: May 19, 2010
By:
/s/ Steve Antebi

Steve Antebi, Managing Member

http://charlesd.net/showthread.php?t...ted=1#post2385

April 28, 2010 MLKNA News:
SOURCE: MedLink International, Inc.



Apr 28, 2010 16:33 ET
MedLink Introduces Podiatry to MedLink TotalOffice EHR


NEW YORK, NY--(Marketwire - April 28, 2010) - MedLink (OTCBB: MLKNA), a leading provider of Electronic Health Records and practice management solutions, announced today the introduction of the newest member of its medical specialty family with the introduction of Podiatry specific modules and functionality. MedLink will begin to exhibit the Podiatry features at the New Jersey Podiatric Medical Society-Region III conference being held at the Trump Taj Mahal in Atlantic City, NJ from May 5^th to May 8^th.

Ray Vuono, President of MedLink stated "We've experienced significant interest recently from podiatrists in the TotalOffice EHR and we've worked closely with some industry leaders in the podiatry field to tailor modules specifically for the needs of Podiatry. Podiatry is a market segment that has largely been underserved and we're pleased to offer a robust all in one solution to meet the clinical, financial and reporting needs of Podiatric specialists. We're also excited to offer another specialty specific solution to the TotalOffice and immediate feedback from recent sales points towards the solution being well received by the podiatry market."

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.

http://www.marketwire.com/press-rele...HR-1155556.htm

April 27, 2010: MLKNA News (2nd News/PR today)
NEWS: MedLink Announces RHIO Financial Sustainability Model

Press Release Source: MedLink International, Inc. On Tuesday April 27, 2010, 2:43 pm EDT
NEW YORK, NY--(Marketwire - 04/27/10) - MedLink (OTC.BB:MLKNA - News) announced today the establishment of the MedLink Regional Health Information Organization (RHIO) financial sustainability model. MedLink will offer the model through strategic partnership with RHIO's and other healthcare service providers to supplement and lessen the RHIO's need to rely on membership dues and federal and state grants to sustain the rapid expansion of RHIO's.
Ray Vuono, President of MedLink, stated, "We've had a great response from several RHIO organizations across the country to MedLink's RHIO financial sustainability model. Through MedLink's strategic partnerships and partnerships with RHIO's that are experiencing rapid growth, the MedLink RHIO model provides the organization with cash flow opportunities to sustain the continued growth of adding additional Providers to their respective networks to enhance access to patient health information, ultimately improving the quality of patient care by assisting providers in the adoption of Electronic Health Records. A key aspect of the model and the benefits a RHIO provides is guiding the providers towards 'meaningful use' through the sharing of clinical data with the Health Information Exchange (HIE) provided through the RHIO to satisfy some of the requirements to qualifying for the wealth of available federal incentives under 'meaningful use' and the HITECH Act."
http://finance.yahoo.com/news/MedLin....html?x=0&.v=1

April 27, 2010: MLKNA News

NEWS from MedLink:
Caliber Point Partners With MedLink to Offer Electronic Health Records

The Partnership Will Provide End to End Electronic Health Record (EHR) Services
Bridging the Gaps in the Healthcare Market

NEW YORK, NY, Apr 27, 2010 (MARKETWIRE via COMTEX) -- MedLink International, Inc.
(MLKNA), a leading health care IT company offering Electronic Health Record and
Practice Management software solutions to the medical community, announced today
a partnership with Caliber Point Business Solutions Ltd., a leading BPO service
provider and a subsidiary of Hexaware Technologies. This partnership provides a
'One Stop' solution for physician practices that otherwise have to work with
multiple vendors across platforms to integrate their clinical data and billing
information systems.

The recent HITECH Act is pushing healthcare providers to have their patient
records completely digitized by 2013. Therefore the individual physicians in
various group practices have additional pressure to comply with this mandate.
This solution will provide a complete package, well within the monetary
incentives assured by the govt., thus making it an almost cost-neutral
implementation for customers.

MedLink TotalOffice integrates the entire revenue cycle management and clinical
information into one practice management solution. This helps to centralize all
medical information and establishes a simple workflow for generating and
submitting accurate bills, while dramatically reducing insurance company
rejections. As part of the MedLink TotalOffice offering, Caliber Point will work
with customers to service and support their needs for a smooth transition into
the electronic format by providing transition services such as manually uploading
existing client data and providing meaningful use and workflow guidance.

"The transformation to Electronic Health Records is the current need of the hour
for customers in the healthcare sector. We believe our partnership with MedLink
will mark a significant milestone enabling both companies to leverage optimal
value for customers. At Caliber Point, we have an established back office support
infrastructure, which will facilitate quick conversion of EHR records and help
practitioners provide efficient patient care while significantly improving their
bottom line by alleviating some of the transition elements of implementing an
EHR," said Neil Parekh, Senior Vice President & Global Sales Head, Caliber Point.

Commenting on the partnership, Ray Vuono, Chief Executive Officer, MedLink said,
"As leading global IT & BPO Services Company, Caliber Point is a logical choice
as a partner to help drive MedLink's customer acquisition. MedLink remains
focused on not only developing innovative solutions for our customers, but on
creating partnerships that help streamline customers' access to those solutions.
With this new partnership agreement and leveraging Caliber Point's presence in
key target markets, together we can help deliver a comprehensive range of
solutions to physicians' offices."

As a result of this partnership, both the companies will benefit from cross
selling and joint market penetration as well as catering to a niche of a largely
under penetrated market.

Caliber Point has deep domain knowledge and extensive experience in serving the
Healthcare Industry by providing specialized solutions to the Payer, Provider and
the Pharma community. They adopt a collaborative and customized approach to
provide a spectrum of innovative solutions, which focus towards continuous
process improvements, leading to improved customer experience, service levels and
lower transaction processing costs.
http://www.marketwire.com/press-rele...ds-1154332.htm


April 21, 2010: MLKNA News

Caliber Point partners with MedLink to offer Electronic Health Records!!! Click for article: http://charlesd.net/showthread.php?p=2205#poststop


March 22, 2010 – MLKNA: NEWS:

NEW YORK, NY–(Marketwire – 03/22/10) – With more than $500 million released by the Department of Health and Humans Resources in Health Information Exchange (HIE) awards over the last six weeks to enable the expansion of electronic health records use, MedLink (OTC.BB:MLKNA – News) announced today that it has been proactive and involved in the selection process of several Health Information Technology Regional Extension Center (RECs) and HIE programs to utilize the MedLink EHR and MedLink Data Aggregator in the improvement of the secure exchange of electronic health records between providers and healthcare facilities. The exchange of data is a crucial aspect for eligible healthcare providers to be deemed meaningful users of health IT and receive the incentive payments under the Medicare and Medicaid electronic health record (EHR) incentive program.

Ray Vuono, President of MedLink, stated, “As we as a nation look for answers on how to deal with Healthcare, the one thing that remains a constant is our country’s commitment to the adoption of Healthcare IT, in particular for physicians in the small to medium size Practices, MedLink’s target market. We look to take advantage of this movement through the offering of our products through broad based federal, state and local programs including Medicare incentives, Regional Extension Centers and HIEs.” http://finance.yahoo.com/news/MedLin....html?x=0&.v=1

March 9, 2010 – MedLink International – MLKNA

Another great day for MedLink as the march North continues on good volume. I called the bottom on this a few weeks back in the $0.30’s and the upward move has continued. Last week we broke through a double-top at .70 and that marked a technical breakout. Large investors are now coming in and buying up the shares. I think we go to $2.50 and then base before marching up to $5.00. This is still a great Buy, in my opinion and the momentum is gaining.

July 30, 2009 Post on Today’s Financial News
Thank all of you at Today's Financial News for updating your readers on some of the stocks that I own and believe have great potential. Although this is not a solicitation to Buy or Sell stocks, I share my due diligence because I know others don't always have the time. I have done well for myself and have been able to retire recently at age 55. My hope is that others can make wise investments too and make a better life for themselves.

It has been a nice run for the stocks I have shared with you (MLKNA, QPSA, and ANWM) and I will share more once my due diligence is complete. All three of these have popped handsomely since I gave them to you. MLKNA and QPSA both popped over 40% in expectation of News. MLKNA has settled back a little bit but is still profitable from the date I gave them to you just a few weeks ago. And, what can I say about ANWM? It's up 100% in just a couple of days. As Paul Harvey might say, here's PAGE TWO!

I own all of these stocks and feel the best is yet to come. In my opinion, MLKNA and QPSA are still the best investments in the short term horizon because I am hearing that we will get some kind of BIG news very shortly. I know these do not seem to have the sex appeal of ANWM right now becuase of the huge pop that ANWM has shown but both of these stocks will run and run big very soon, IMO. From my view point, although I own them all, I am committing new money to MLKNA right away with the expectation of moving those dollars (after an anticipated pop) into QPSA. Once QPSA pops I will continue to own a long term position in both MLKNA and QPSA but will begin to put more money in ANWM.

MLKNA (MedLink) is in a multi-billion dollar medical arena that is overflowing with investment money from the US Government in the form of the Obama stimulus and medical plan. This medical plan (and I'm speaking of Electronic Health Records - EHR) was started by Bush and has Bi-Partisan Support. I expect MedLink to see some of those Billions of dollars to trickle into it's coffers and make this company wildly profitable this year. THIS IS A REAL COMPANY and it will son have REAL EARNINGS in the sexiest investment area of all (IMO) which is taking our antiquated health records system and making them virtual.
Here's the Med Link run down:

• is a player in the Electronic Health Records (EHR) play. This is a big deal with Obama and TARP has set aside Billions $ to fund it. MLKNA stands in line to win major deals. If MedLink is successful and wins contracts, it will give it significant Revenue for the year.
• MedLink has their Electronic Health Record (EHR) software called MedLink TotalOffice. This product is amazing and I cannot see any doctor not wanting it. First, it is GUI and operates just like Windows with pull-down screens and the like. However and probably most importantly, MedLink has the ability to be the low-cost leader on this product and make it available for virtually any doctor. With this software you can run the entire office, bring up history (anywhere in the world) on your patient, see MRI’s, X-Rays, etc and get it paid for by Obama…who won’t want this? I saw this software first hand and it is amazing. I expect that the Obama monies will help doctors put this software into their offices.
• It will be necessary for all physicians at some point to be electronic.

• The CEO (Ray Vuono) is well connected and experienced in the medical and medical software arena. He has the experience and ability to build a public software company in the medical market.

• The MedLink TotalOffice software is a remarkable product and all doctors will want a product like this. The difference: MedLink TotalOffice is affordable. Many doctors run Intuit's Quick Books because it is low priced and effective. MedLink TotalOffice can do the accounting that Quick Books can but much more including making the patients records virtual (EHR) which is what will be REQUIRED going forward by Obama's bi-partisan plans.
• Shares at this level are a gift under $2.00 as the company is a SOFTWARE COMPANY and all of the development costs are baked in. The company has tax-loss carry forwards that will also help make the EPS significant on any substantial revenue. The gross margin on this type of company's product should be 60% or more. Ray Vuono operates on a low-cost philosophy for General and Administrative (G&A) Expenses. My guess is that G&A should be 20% or so making the lion's share of the GP hit the bottom line in the form of Earnings and EPS.
• I believe that the CCHIT certification sets MLKNA apart from most other companies in the wannabe EHR arena. Although it is true that many larger companies are also CCHIT certified, these companies have huge overhead costs and the integration of their EHR is multiples of MedLink's TotalOffice. It is true that the Obama Administration is attempting to fast-track CCHIT certification to support the onslaught of expected doctors and medical organizations that will need to get on board with EHR. However, MedLink is already moving down hill like a snowball and will be ahead of the pack. Also, Ray Vuono is extremely well connected and will get a significant portion of the business due to his relationships, network, and having the best software solution for the money, hands down.
• I also believe that the accreditation with CMS for Medicare & Medicaid (previously announced by MedLink PR) will be huge in bringing other health organizations to MLKNA.
• In my view, this is also a company that will be a target for acquisition by a larger company that would rather BUY IT than BUILD IT.
• Ray Vuono looks after his investors. He not increasing the shares outstanding to grow his business. Instead, he is doing it with his own money and shares that are already outstanding.

For these reasons MedLink is a stock that will (IMO) run significantly from here. I realize this is a very speculative play. However, my due diligence and my belief in Mr. Ray Vuono has given me complete comfort in owning and MLKNA.

MedLink's Vision Mission: Our goal is to create one of the largest hub for health records in the United States. We plan to achieve this by meeting our stated mission statement- We will offer the medical community applications and services that we believe will ease accessibility to information related to patient care through the creation of a secure digital environment, while making it accessible to institutions both large and small at an affordable price in order to achieve the highest level of participation.

If Vuono and company are successful and capture a few of these major contracts, revenue for this coming year could be outstanding.

July 14, 2009

MedLink International. Stock Symbol: MLKNA-
Med Link is a player in the Electronic Health Records (EHR) play. This is a big deal with Obama and TARP has set aside Billions $ to fund it. MLKNA stands in line to win two major deals with NY Regional Health Information Organizations (RHIO's). If MedLink is successful and wins the contracts, it will give it significant Revenue for the year. In addition, I understand that they have had meetings with the NY Dept of Health for certification of their MedLink Office software product.
I made a trip to MedLink's NY headquarters and met with the CEO Ray Vuono and the CFO James Rose. Ray walked me through their Electronic Health Record (EHR) software-MedLink TotalOffice. I tell you what, this product is amazing and I cannot see any doctor not wanting it. First, it is GUI and operates just like Windows with pull-down screens and the like. However and probably most importantly, MedLink has the ability to be the low-cost leader on this product and make it available for virtually any doctor. With this software you can run the entire office, bring up history (anywhere in the world) on your patient, see MRI’s, X-Rays, etc and get it paid for by Obama…who won’t want this?

It just worked out that I was there the day that the Centers for Medicare and Medicaid Services (CMS) News was being made known to MedLink. The team was excited as they are one of only a handful of companies that have this accreditation. Imagine, the way I understand this little MedLink is one of a handful of companies that has the ability to bring EHR to doctors for Medicare and Medicaid patients. That is going to be mega-huge for MedLink in my opinion.

Anyway, I was impressed!
1) I have done due diligence on what is happening with the EHR focus and believe it is necessary for all physicians at some point to be electronic.
2) I have done due diligence on Ray Vuono and believe he has the experience and ability to build a public software company in the medical market.
3) I have traveled to Long Island, NY and met with Ray Vuono and his CFO James Rose to gain understanding of his business and business model.
4) I have investigated his software product (MedLink EHR) and think it is a remarkable product.
5) I have bought and continue to buy the shares at these (my opinion) ridiculously low prices because I believe in the business model and that the share price will be significantly higher going forward.
6) I believe that the CCHIT certification sets MLKNA apart from most other companies in the wannabe EHR arena.
7) I believe that the accreditation with CMS for Medicare & Medicaid will be huge and now the NY Dept of Health.
8) I believe they will ramp up revenues rather quickly by winning Regional Health Information Organization (RHIO) business rather soon.
9) I believe they will ultimately be bought by a major player
10) I realize this is a very speculative play. However, my due diligence and my belief in Mr. Ray Vuono has given me complete comfort in owning many shares in MLKNA.
11) MedLink's Vision Mission: Our goal is to create one of the largest hub for health records in the United States. We plan to achieve this by meeting our stated mission statement- We will offer the medical community applications and services that we believe will ease accessibility to information related to patient care through the creation of a secure digital environment, while making it accessible to institutions both large and small at an affordable price in order to achieve the highest level of participation.
12) If Vuono and company are successful and capture a few of these major contracts, revenue for this coming year could be outstanding. MedLink is primarily a software company and, once licensed, there is very little on-going overhead. I expect Gross Margins to be in the 60% range and a little volume will put a lot of Earnings on the bottom line.