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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 th
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SOURCE MedAptus Corporation
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