CodeRyte adds six new clients: Five billing companies and a radiology practice

Thursday, 08 September 2005

Five billing companies and one radiology practice have selected CodeRyte technology to streamline and improve their coding and billing operations.

Bethesda, Maryland (September 8, 2005) — CodeRyte™, Inc. announced today that five billing companies have selected CodeRyte technology to streamline and improve their coding and billing operations: Medical Specialties Managers (MSM), California Medical Business Services (CMBS), Comprehensive Medical Data Management (CMDM), Healthcare Management Partners (HMP) and Healthcare Administrative Partners (HAP).

In addition, CodeRyte has added another radiology practice, Radiology Associates of Abilene, P.A., in Abilene, Texas, to its growing list of radiology group clients.

MSM, Orange, Calif., will use CodeRyte's Evaluation and Management (E/M) services coding tool for orthopedics. CMBS, Arcadia, Calif., will use CodeRyte's application for radiology and emergency department services. CMDM, Powell, Ohio, and HMP, Irvine, Calif., will apply CodeRyte's technology to radiology coding. And HAP, Media, Pa., will use CodeRyte's automated diagnostic and interventional radiology technology.

In addition to increasing coding speed and quality, CodeRyte's technology streamlines workflow, accelerates the billing cycle, reduces the number of denied claims and facilitates compliance monitoring. CodeRyte's application uses advanced Natural Language Processing (NLP), machine learning, statistics, clinical expertise and other web-enabled technologies to "read" clinical data from the provider's transcribed medical notes and automatically assign the appropriate diagnostic and procedural codes.

"CodeRyte is dedicated to transforming and streamlining the process of connecting providers to payers with the use of technology that leverages language (NLP) and sophisticated web-enabled workflow," said CodeRyte CEO Andy Kapit. "We're pleased that all of these organizations share our commitment to improve healthcare quality and efficiency."

Founded in 1999, CodeRyte develops technologies and services that automate and improve healthcare coding and billing processes. CodeRyte customers include billing companies, practice management firms, specialty practices, hospitals and faculty practices. For more information, please visit www.coderyte.com or call (301) 951-5300.