Two Healthcare Industry Leaders Select CodeRyte Medical Coding Technology

BETHESDA, Md., Feb. 14 /PRNewswire/ -- CodeRyte, Inc., a leading provider of Internet-based medical coding technologies and services, today announced the addition of two new clients. Shands HealthCare at the University of Florida (UF) and Medical Specialties Management (MSM) have both selected CodeAssist, the company’s breakthrough medical coding solution that automates the coding process and optimizes reimbursements.

“CodeRyte’s technology allows medical providers to leverage their time and training without forcing change on their clinical practice patterns,” said Andy Kapit, CEO of CodeRyte. “Our strong track record of providing technology and service solutions that enable our clients to improve their financial and clinical performance is the driving force behind CodeRyte’s rapid market acceptance. This growing momentum is evidence that our unique technology is addressing the market’s needs.”

CodeRyte’s cutting-edge Natural Language Processing (NLP) technology “reads” a provider’s electronic medical note and identifies the complex patterns of language related to each episode of care and then uses those patterns to determine the billable CPT and ICD-9-CM codes. This streamlines the workflow process, leads to faster turnaround times, improves the monitoring of compliance, and delivers accurate reimbursements.

CodeRyte’s customer base ranges from hospitals, practice management firms, and specialty practices to billing companies and faculty practice plans. Adding Shands at UF, which is affiliated with the UF College of Medicine, to its already prestigious roster, including Cleveland Clinic Foundation, Massachusetts General Hospital, and Radiologix, is a clear indicator of CodeRyte’s growth and overall quality.

MSM, a large medical practice management company, plans to utilize CodeRyte’s products and services at each of its practices. Scheduled first for implementation is Kerlan-Jobe Orthopaedic Clinic, the 18-physician, world- renowned practice in Los Angeles.

Kapit says CodeRyte’s exceptional growth is due to the company’s commitment to absolute customer service, compliance with industry regulations, ability to integrate and enhance existing technologies, and proof of accurate, appropriate reimbursements.

About CodeRyte

CodeRyte’s technology successfully automates and facilitates the medical coding process through a combination of supervised learning, Natural Language Processing, statistics, clinical expertise, and other relevant workflow and web-enabled technologies. As an innovative technology provider, CodeRyte helps clients ensure accurate, reliable and cost-effective coding. Founded in 1999, the company delivers leading edge technologies and services designed for healthcare organizations, specific to their needs, to increase compliance, optimize appropriate reimbursements and streamline the workflow process.

Please visit http://www.coderyte.com/ for more information.

CodeRyte, Inc.

CONTACT: Media Contact: Nancy Mayes of Infotech Strategies,+1-703-772-2510, mayes@itstrategies.com, for CodeRyte; or Sales Contact: AlanHinderer of CodeRyte, +1-301-951-5302, ahinderer@coderyte.com