Fastrack Announces Ownership Program

PLAINVIEW, N.Y. — Fastrack Healthcare Systems unveiled a new ownership program last week that allows clients of its SaaS, or hosted model, to apply a large portion of their monthly hosting fees to the purchase price if they want to own the software license.

"Most clients will own the software in approximately 42 months, however they can pay the difference at any time to obtain ownership," Fastrack President Spencer Kay explained in a release. "Ownership potentially offers significant tax advantages and the software can be reflected as an asset of the business increasing its value. Paying hosting fees without potential ownership is like throwing money out the window."