| Two radiology billing companies sign long-term agreements with CodeRyte |
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Bethesda, Md., July 29th, 2008 – CodeRyte, Inc., the healthcare industry’s premier provider of computer-assisted coding technologies, announced today that two of the nation’s leading radiology billing organizations, ADVOCATE Radiology Billing and Reimbursement Specialists and RMI Physician Services Corporation, have entered into multi-year agreements to continue and expand their use of CodeRyte’s services for radiology coding. Both ADVOCATE and RMI are long-time clients of CodeRyte. Their new agreements reinforce both organizations’ commitment to CodeRyte and stem from the benefits CodeRyte delivers in complete CPT coding charge capture, thorough ICD coding, enhanced compliance including full audit trails, and improved coder productivity. CodeRyte’s Correct-To-BillTM methodology allows both companies to send reports that would not benefit from human coding review straight to their billing systems, ensuring their clients get maximum benefits while minimizing costs. “CodeRyte’s computer-assisted coding substantially improved our coding quality,” said Kirk Reinitz, ADVOCATE’s Founder and Chief Executive Officer. “It has also improved our workflow consistency and given us added flexibility, such as the ability to have our coders sub-specialize in their coding expertise. All this has allowed us to raise the bar for our quality standards resulting in improved revenue cycle times for our clients.” “We started using CodeRyte with the goals of achieving greater coding efficiency and enhancing our ability to audit for coding compliance,” said Cindy Luu, President of RMI Physician Services Corporation. “CodeRyte has helped us to achieve these goals and more. Our coding process now is very easily scaled, which has been critical to meeting demands from our growth, and our clients are extremely pleased to benefit from our compliance initiatives.” “CodeRyte designed its technology to turn healthcare data into value-creating, quality-supporting information,” stated Andy Kapit, CodeRyte’s Chief Executive Officer. “We are pleased to be able to support these great organizations and their mission of providing their clients with the best possible outcomes—while ensuring compliance with the rules and regulations of healthcare’s complex revenue cycle.” CodeRyte has over 100 clients including many of the nation’s most prestigious academic medical centers and integrated delivery networks, some of the largest billing companies, and many well-respected physician practices. Our natural language processing engine processes more than 2.5 million procedures every month and has coded more than 70 million records since CodeRyte began. About Advocate Radiology Billing and Reimbursement Specialists ADVOCATE Radiology Billing and Reimbursement Specialists provide a broad range of managed billing services exclusively to radiology practices and imaging centers. ADVOCATE’s Experienced Based Technology workflow is focused on radiology-specific reimbursement, claims processing and compliance. Proprietary computer systems aid in claim purification, claim acquisition, eligibility verification, claim status, payment compliance, denial management and charge count verification. This technology improves quality and production consistency by 10% to 15% resulting in the highest revenue attainable. The Experienced Based Technology workflow process ensures every radiology service is handled accurately, consistently and timely. ADVOCATE offers radiologists a fully integrated billing service that maximizes the revenue cycle of their practice and provides unmatched business information and technology. ADVOCATE’s approach to radiology revenue cycle management is truly a complete, integrated approach to business issues that combines insight and innovation from multiple disciplines with a wide range of business and industry knowledge to help clients excel. More information on the company can be found at www.radadvocate.com. About RMI Physician Services Corporation RMI Physician Services Corporation is a medical billing and physician practice management company. We specialize in radiology billing and collections. Since 1994, RMI has helped radiology practices and imaging facilities effectively code, bill and collect for their diagnostic and interventional services while providing comprehensive accounting and administrative services that enable physicians to focus on caring for patients. We have a radiologist on staff, employ certified radiology coders, and maintain a strong focus on radiology-specific regulations, policies, and industry trends. We are proud of our reputation of providing the highest level of client satisfaction and client retention. The success of our business is directly correlated with our ability to help practices achieve their business goals. We have a track record of doing exactly that. We are committed to peak performance each and every day for our clients. More information on the company can be found at www.rmixray.com. About CodeRyte CodeRyte is the premier provider of computer-assisted coding and context-sensitive clinical data extraction solutions for the healthcare industry. Our sophisticated technology streamlines the coding process and identifies clinically relevant information from medical records. Our clients secure their rightful reimbursement and enhance compliance and efficiency through computer-assisted coding. CodeRyte’s data extraction solutions analyze the language of physician narratives and elevate previously undiscovered data for critical treatment and business decisions. Many of the nation’s top physician practices, billing companies and academic medical centers rely on CodeRyte as the centerpiece of their coding and data mining operations. More information is available at www.coderyte.com. CodeRyte: Sophisticated technology. Superior compliance. Satisfied clients. |