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)... Nevada (PRWEB) , ... October 13, 2017 , ... ... Hemp CBD Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil ... required and providing a CBD form that can be easily incorporated into liquid products, ...
(Date:10/13/2017)... ... , ... Many families have long-term insurance that covers care for a family ... for care if the client has a cognitive impairment diagnosis. , “What this ... often waived, so the benefits from their insurance start immediately,” said Mechell Vieira, owner ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Yisrayl Hawkins, Pastor ... that explains one of the most popular and least understood books in the Holy ... and puzzling descriptions that have baffled scholars for centuries. Many have tossed it off ...
(Date:10/13/2017)... , ... October 13, 2017 , ... “America On The ... identity. “America On The Brink” is the creation of published author, William Nowers. ... great-grandchildren. As a WWII veteran, he spent thirty years in the Navy. ...
(Date:10/12/2017)... ... October 12, 2017 , ... The company has developed ... consumer and regulatory authorities worldwide. From Children’s to Adults 50+, every formula has ... highest standard. , These products are also: Gluten Free, Non-GMO, Vegan, Soy ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... Oct. 11, 2017  Caris Life Sciences ® , ... the promise of precision medicine, today announced that St. ... Precision Oncology Alliance™ (POA) as its 17 th ... St. Jude Crosson Cancer Institute will help develop standards ... of tumor profiling, making cancer treatment more precise and ...
(Date:10/10/2017)... Calif. , Oct. 10, 2017  NDS received FDA 510(k) ... — a medical-grade battery-powered display stand specifically designed for endoscopy environments. ... transform technology into a clinical solution to support the improvement of ... Innovative Design ... Mobile Wireless Solution ...
(Date:10/5/2017)...  In response to the nationwide opioid epidemic, ... (AAOMS) released prescribing recommendations that urge ibuprofen – ... a first-line therapy to manage a patient,s acute ... Recognizing the value and importance of the ... Acute and Postoperative Pain Management" stresses that practitioners ...
Breaking Medicine Technology: