Navigation Links
MedAptus Experiences Record Growth of 70 Percent
Date:3/18/2008

Customer and Product Expansions Contribute to Banner Year

BOSTON, March 18 /PRNewswire/ -- MedAptus(R), the leading provider of point-of-care charge capture technologies, today announced a 70 percent increase in year-over-year revenue for 2007. While the company has consistently achieved yearly revenue growth, 2007 stands as MedAptus' most productive year to date largely due to competitive customer wins, exceptional customer satisfaction and new product introductions.

Kentucky Medical Services Foundation (KMSF), the faculty practice plan for the highly regarded University of Kentucky Medical Center and the College of Medicine, was among MedAptus' new Professional Charge Capture customers in 2007. MedAptus was selected for KMSF's clinician base of more than 600 providers after the group completed a comprehensive vendor evaluation that included site visits to academic centers using the MedAptus solution.

Nassau Health Care Corporation (NHCC) also selected MedAptus' Professional Charge Capture upon concluding a detailed, competitive RFP review process. NHCC sought charge capture automation to address challenges stemming from paper-based coding and billing workflows at Nassau University Medical Center, where more than 200 faculty clinicians practice.

Beyond major new customer wins, MedAptus also experienced additional commitments from existing customers. Lahey Clinic Medical Center, a Professional Charge Capture customer since 2001, went live with MedAptus' Facility Charge Capture offering, which the organization also helped develop. The solution supports collaborative management and reconciliation of facilities charges, procedures, materials and medications.

Other customers that expanded their MedAptus adoption include The University of Texas M. D. Anderson Cancer Center and New York University Medical Center. M. D. Anderson now has over 450 providers using Professional Charge Capture, while New York University deployed the solution to physicians at its prestigious new Trinity Centre in lower Manhattan, as well as finalized plans for a fourth-phase of system rollout. This organic growth in such academic settings illustrates MedAptus' commitment to producing high-quality software backed by excellent customer service.

As for new product introduction, MedAptus, in collaboration with world- class Dana-Farber Cancer Institute, released the Infusion Services Module, a unique capability that extends MedAptus' revenue-enhancing Facility Charge Capture solution. The Module supports compliant capture of infusion services and related charges, which typically involve complex billing regulations that do not easily lend themselves to paper-based coding processes. For the 120 infusion nurses at Dana-Farber using the tool, which was implemented in less than 90 days, there is now more time to focus on patient care as a result of less time spent on paperwork.

In order to meet increased customer demand as well as effectively communicate new offerings to the hospital market, MedAptus itself grew by 20 percent in 2007, securing top industry talent to enhance, sell, install and support its revenue cycle suite of applications. This growth, measurable on all fronts, is what attracted Douglas R. Percy to MedAptus as the company's new president and chief executive officer.

"I joined MedAptus with over 25 years of experience leading software and health information technology companies and rarely have I seen such a tremendous culture of dedication and passion. MedAptus is a company that is serious about customer satisfaction, innovation, and real results - this is the combination that delivered our most successful year on record and will serve as the foundation for a productive 2008," said Douglas Percy, president and CEO of MedAptus. "Though 2007 was a banner year, we have already moved forward and are taking steps towards our mission of becoming the gold standard for revenue cycle management. It is our desire to have all others in our space measured against our customer-centric reputation and an unparalleled ability to deliver."

About MedAptus Corporation

MedAptus provides point-of-care technologies that are easy to use, deliver demonstrable returns, and leverage an organization's current information technology investments. MedAptus' Revenue Cycle Management suite of products includes both Professional and Facility Charge Capture; the company also offers complementary clinical applications such as Dictation, Clinical Content, Electronic Prescribing, and Clinical Results. Enterprises that have deployed MedAptus solutions have realized millions of dollars in increased revenue, improved organizational productivity, and enjoyed enthusiastic user adoption. For more information, visit http://www.medaptus.com or call 617.523.1221.

MedAptus Contact:

Jennifer Crowley

p. 617.896.4030

jcrowley@medaptus.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.


'/>"/>
SOURCE MedAptus Corporation
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. MedAptus Selected by Kentucky Medical Services Foundation for Professional Charge Capture Technology
2. Dana-Farber Cancer Institute Completes Deployment of MedAptus Infusion Services Module
3. Candidate Experiences Life in Homecare Workers Shoes
4. Blind Tibetan Teenagers Featured in Award-Winning Film, Blindsight, Unite with Students from Junior Blind of America to Share Life Experiences
5. Greenway Experiences Quick Success in the Community EHR Marketplace by Securing Contracts with 10 Community-Based Health Organizations
6. WellPoint Taps Zagat Survey to Help Consumers Rate Experiences with Their Doctors
7. Guardians Dental Network Experiences Double-Digit Growth
8. PinnacleCare Launches Health Records Online
9. Alsius Corporation Reports Record Fourth Quarter and Full Year 2007 Financial Results
10. Take Care Health Systems Names Butler, Shine, Stern & Partners as First Marketing Agency of Record
11. New World Record Holder in Powerlifting Credits NutraCeas Unique Rice-Bran-derived Product as his Secret Weapon
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... The Visiting ... Day Market. Featuring a collection of specialty vendors and unique items from across the ... and quality-focused health and wellness services offered by the VNA. The boutique will ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Global Healthcare ... scenic Alexandria Park in Milford, NJ. This free event, sponsored by Global Healthcare ... activity. The fun run is geared towards children of all ages; it is ...
(Date:10/13/2017)... ... 2017 , ... Talented host, actor Rob Lowe, is introducing ... new episode of "Success Files," which is an award-winning educational program broadcasted on ... subject in-depth with passion and integrity. , Sciatica occurs when the sciatic nerve ...
(Date:10/13/2017)... ... ... “The Journey: From the Mountains to the Mission Field”: the story of ... Philippines. “The Journey: From the Mountains to the Mission Field” is the creation of ... taught all ages and currently teaches a class of ladies at her church, which ...
(Date:10/12/2017)... ... October 12, 2017 , ... First Healthcare ... program management, will showcase a range of technology and learning solutions at the ... Convention and Expo to be held October 14–18, 2017 at the Mandalay Bay ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... Oct. 2, 2017  AllianceRx Walgreens Prime, the combined ... Walgreens and pharmacy benefit manager Prime Therapeutics LLC (Prime), ... which included the unveiling of new signage at its ... well as at a few other company-owned facilities across ... to patients, some of whom will begin to see ...
(Date:10/2/2017)... Denmark , Oct. 2, 2017 The Rebound ... in the struggle to reverse the tide of prescription drug ... for regulating their medicine intake and stepping down their dosage ... set to launch in December 2017; the first 100,000 people ... Learn more at http://www.rebound-solution.com/ ...
(Date:9/28/2017)... 2017 Cohen Veterans Bioscience and Early Signal ... wearable and home sensors for real-time monitoring of patients ... a nonprofit organization focused on disruptive health solutions for ... analytical system to record and integrate behavioral, cognitive, physiological ... ...
Breaking Medicine Technology: