MedAptus Secures $6 Million Investment( Funding to Support Increasing Sales o...),Health

Funding to Support Increasing Sales of the Company's Innovative Revenue Cycle Offerings

BOSTON, March 19 /PRNewswire/ -- MedAptus(R), market leader for charge capture technologies, today announced that it has secured $6 million in capital in a financing led by existing investor Boston Millennia Partners. This investment will enable MedAptus to further support the growth of its Intelligent Charge Capture suite of products.

"The realities of today's economy require provider organizations to look at financial performance more closely than ever," said MedAptus CEO Dennis Mitchell. "This means that our offerings have become must-have for hospitals and physician practices in order to grow and thrive. This financing will allow us to innovate in ways that drive unparalleled revenue integrity and optimization for our customers."

MedAptus' powerful, yet easy-to-use, electronic charge capture technologies are practice-proven to maximize revenue, enhance compliance efforts and increase billing process transparency. Offerings include solutions for professional, facility and infusion services coding and billing, as well as complementary modules for PQRI and other clinically oriented tasks. Thousands of clinicians across organizations that include single-specialty practices, multi-specialty groups and large academic institutions use MedAptus on a daily basis.

"We are quite proud of the success MedAptus has experienced with its physician solution. Also, the company's Facility Charge Capture product, the first of its kind for the ambulatory environment, is a tremendously appealing product, particularly given the increasing economic challenges facing hospitals," said Robert Jevon, partner at Boston Millennia Partners and a member of the MedAptus Board of Directors. "Lots of people are talking about the inefficient processes that plague healthcare -- we're delighted that MedAptus is actually doing something ab
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