SCOTTSDALE, Ariz., Aug. 24 /PRNewswire-FirstCall/ -- MedCom USA, Inc. (BULLETIN BOARD: EMED) , a leading provider of Healthcare and Financial Transaction solutions for the healthcare industry announced today that the Company is in the final stages of testing their Web Portal add-on for the MedCom System.
The MedCom Web Portal add-on will increase the efficiency of healthcare providers to process HIPAA compliant eligibility verification transactions, batch claims processing, claim status and a full array of financial transactions, including Patient Easy Pay, right from the PC desktop in tandem with the MedCom System Terminal. The MedCom Web Portal interfaces with any existing practice management system and runs on all common Internet browsers with HIPAA standard encryption. This expands the MedCom System market to larger practices that have invested large sums of money in practice management systems but are still challenged by the transmission and operational requirements of HIPAA regulations and self-pay solutions. This product gives the provider an effective and efficient way to meet HIPAA requirements in a compatible, easy-to-use quick format.
According to Bruce Weitzberg, MedCom's Vice President of Operations, "We have now developed a Web Portal that works in conjunction with our MedCom Terminal System and any provider practice management system. MedCom USA's niche market has now expanded. With the incorporation of the MedCom Web Portal, more providers will be able to access our gateways, creating more transactions, giving MedCom USA additional revenue streams. The MedCom Web Portal add-on will give providers the ability to send batch claims from any existing practice management system. The providers will have the ability to receive online reporting for all claims processed, including, acceptance, and rejection and resubmission reports. MedCom USA will be able to increase its claims volume and revenue from a wider healthcare provider market. Many of the larger practices have invested large amounts of money in their practice management systems. The MedCom Web Portal add-on provides functionality for the provider without requiring any upgrade or replacement of their existing practice management system.
"We anticipate the medical providers' office having both the MedCom Terminal System and the MedCom Web Portal add-on in the office, enhancing the practice management system, by increasing their cash flow and reducing their administrative headaches."
The MedCom Web Portal add-on will be officially released in the fall of 2004 to the healthcare market.
About MedCom USA, Inc.
MedCom USA, Inc. (EMED) provides innovative solutions for electronically processing transactions within the healthcare industry. The Company's healthcare business unit, MedCard, provides a terminal based service package and a compatible Web Portal add-on for physicians, clinics and hospitals that include the following services: Patient Eligibility, 100% Paperless Claims Processing, Electronic Referrals, Patient Easy Pay, Credit/Debit Cards, Check Guarantee and Accounts Receivable Financing. The MedCom USA Internet address is http://www.medcard.com/.
Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although MedCom USA, Inc. management believes the expectations reflected in such forward-looking statements are based on reasonable assumptions; it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in MedCom USA, Inc.'s SEC reports, including the company's most recent 10-K and subsequent 10Q-s.
MedCom USA, Inc.CONTACT: Kent Barghols of MedCom USA, +1-515-276-1180,kbarghols@medcard.com
Web site: http://www.medcard.com/
