CodeRyte expands client base, momentum continues to grow

Monday, 29 November 2004

Leading medical coding technology and services company announces four new clients

Bethesda, Maryland (Nov. 29, 2004) -- CodeRyte, Inc., a leading provider of medical coding technologies and Internet-based medical coding services, today announced the addition of three new clients within the last six weeks. Radiologix, Inc; Spokane Cardiology, P.S.; and Radiological Associates of Sacramento Medical Group have all chosen CodeRyte's technology solution. These new customers demonstrate the continued strengthening of CodeRyte's client base and the expansion of its product offerings.

"CodeRyte's new clients join a prestigious roster that includes organizations like Massachusetts General Hospital, Maimonides Medical Center, and Health Management Solutions," said Andy Kapit, CodeRyte chief executive officer. "These industry leaders are choosing us for our established history of superior customer service, our ability to integrate and enhance existing technologies, our guarantee of compliance with industry regulations, and our proof of improved accuracy and higher accurate reimbursements."

CodeRyte's cutting-edge Natural Language Processing (NLP) technology ensures accurate results for its customers, leading to faster turnaround times, improved cash flow and more accurate reimbursement levels. CodeRyte's customers include hospitals, practice management firms, specialty practices, billing firms, and faculty practice plans that use CodeRyte's products and services to establish compliance programs and efficiently manage the labor-intensive coding processes.

CodeRyte has made a corporate commitment to develop and deliver new technologies that help solve our customers immediate and multi-faceted challenges, says Kapit. Our supervised learning, machine translation software enables CodeRyte's medical coding technologies, facilitates its coding workflow and enhances our clinical language search tools to provide unique benefits that grow with each CodeRyte customer.

"CodeRyte has arrived," Kapit said. "We are in a period of exceptional growth and market demand for our products and services. As we continue to grow, we will continuously work to ensure improvement of our existing products and services and provide our clients with the best and most relevant solutions."