| Healthcare industry veteran Glenn Tobin joins CodeRyte, Inc. |
|
Company announces record growth in 2009, management team expansion Bethesda, Md., Feb. 26, 2010 – CodeRyte, Inc., the healthcare industry's fastest growing provider of computer-assisted coding, announced today the addition of industry veteran Glenn Tobin, Ph.D., to its management team. Tobin joins CodeRyte in the newly created position of Chief Operating Officer. The management team expansion caps a record year of growth. In 2009, CodeRyte's client base grew by more than 25 percent to include nearly one-third of the nation's academic medical centers, more than 60 physician practices, 35 billing companies and 15 IDNs. Many existing clients expanded their use of CodeRyte across a wide range of specialties after experiencing the quick value and ROI the technology offers. CodeRyte also grew with partner healthcare IT companies such as 3M that embedded CodeRyte's technology into their own to offer streamlined computer-assisted coding, auto-population of EMRs, and data mining of unstructured and structured data. Tobin's key priorities will be to drive world-class execution, guarantee CodeRyte's growth is hand-in-hand with client satisfaction and ensure CodeRyte's rapidly expanding set of business partners can effectively deliver its solutions as part of their own offerings. Tobin brings years of experience and leadership in healthcare information technology. He served as the COO of the Cerner Corporation during a rapid growth phase from 1998 to 2004. Most recently, Tobin served as the General Manager for the Corporate Executive Board Company, where he led the research and analysis firm's information technology practice. "Glenn's experience and commitment to transparency, and the driving of market-driven value creation, will be a significant asset to CodeRyte as we continue to grow and explore new opportunities that support the success of our clients and the reform of healthcare," said Andy Kapit, CodeRyte's chief executive officer. "Protecting the physician's narrative and translating the power of their language into quality care and appropriate reimbursement is a complex challenge that requires not just the best people, but the best people who understand our industry. Glenn is just such a person." While with Cerner, Tobin was responsible for most of the company's day-to-day operations. During his tenure, the company grew from $244 million in revenues to $844 million in six years. Prior to Cerner, he worked as a consultant for McKinsey & Company, both in Belgium and Washington, D.C. His work focused extensively on the technology and healthcare sectors. Dr. Tobin also has a master's and doctorate degree from Harvard University. "I am really excited to join CodeRyte," Tobin said. "The company is at an inflection point in its ability to scale rapidly, as CodeRyte provides a unique solution that will help drive down the cost of coding while driving up compliance across the client's entire enterprise. I am thrilled to be able to join a great team working toward a great mission. I also am completely convinced that the language solutions that CodeRyte has pioneered will have a profound impact on the EMR marketplace and on the ability of physicians to create structured documentation and coding without the unnecessary burden of onerous point-and-click user interfaces." About CodeRyte CodeRyte is the premier provider of computer-assisted coding and 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, 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. Sophisticated technology. Superior compliance. Successful clients. Visit www.coderyte.com. # # # CodeRyte media contact |