Two healthcare industry leaders select CodeRyte medical coding technology

Monday, 14 February 2005

CodeRyte's reputation for quality and service spurs growth

Bethesda, MD (Feb. 14, 2005) -- CodeRyte, Inc., a leading provider of Internet-based medical coding technologies and services, today announced the addition of two new clients. Shands HealthCare at the University of Florida (UF) and Medical Specialties Management (MSM) have both selected CodeAssist, the companys breakthrough medical coding solution that automates the coding process and optimizes reimbursements.

CodeRyte's technology allows medical providers to leverage their time and training without forcing change on their clinical practice patterns, said Andy Kapit, CEO of CodeRyte. Our strong track record of providing technology and service solutions that enable our clients to improve their financial and clinical performance is the driving force behind CodeRyte's rapid market acceptance. This growing momentum is evidence that our unique technology is addressing the markets needs.

CodeRyte's cutting-edge Natural Language Processing (NLP) technology reads a providers electronic medical note and identifies the complex patterns of language related to each episode of care and then uses those patterns to determine the billable CPT and ICD-9-CM codes. This streamlines the workflow process, leads to faster turnaround times, improves the monitoring of compliance, and delivers accurate reimbursements.

CodeRyte's customer base ranges from hospitals, practice management firms, and specialty practices to billing companies and faculty practice plans. Adding Shands at UF, which is affiliated with the UF College of Medicine, to its already prestigious roster, including Massachusetts General Hospital, and Radiologix, is a clear indicator of CodeRyte's growth and overall quality.

MSM, a large medical practice management company, plans to utilize CodeRyte's products and services at each of its practices. Scheduled first for implementation is Kerlan-Jobe Orthopaedic Clinic, the18-physician, world-renowned practice in Los Angeles.

Kapit says CodeRyte's exceptional growth is due to the companys commitment to absolute customer service, compliance with industry regulations, ability to integrate and enhance existing technologies, and proof of accurate, appropriate reimbursements.