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Thursday, January 27, 2005

MedAptus to Provide Mobile Charge Capture via the Physician Strategies Technology Portfolio

MedAptus to Provide Mobile Charge Capture via the Physician Strategies Technology Portfolio Large Group Practice Signs to Reap Significant Benefits BOSTON, Jan. 27 /PRNewswire/ -- Point-of-care technology solutions provider MedAptus, Inc. today announced the creation of a new partnership with Physician Strategies, LLC, a physician-owned medical service organization based in nearby Pembroke, Massachusetts. Through the partnership, MedAptus' revenue-enhancing Charges In Hand(TM) application will be deployed to Physician Strategies' customers as part of its technology and service offerings aimed at simultaneously improving patient care and practice income potential. In addition to forming a promising partnership, MedAptus and Physician Strategies have also identified and engaged Healthcare South, PC, a large, multi-site physician group, as the first joint-customer to implement Charges In Hand. Healthcare South has more than 40 physicians practicing in over ten locations across the Massachusetts South Shore, including South Shore Hospital. The documentation and submission of professional charges from the point-of-care to the group's ENTITY(R) billing system will expedite the practice's billing and reimbursement process tremendously. "I believe that the real value of the MedAptus system is its ability to improve compliance with stringent and complex medical coding and billing regulations. And by submitting cleaner claims, not to mention in a more timely manner, I fully expect our practice to experience a significant return-on-investment," said Dr. Donna Zambuto, a practicing pediatrician and President of Healthcare South, PC. "We are excited to add MedAptus' mobile technology to our portfolio of offerings aimed at managing the business of medicine for our physician customers. Healthcare South is just the first of many customers we foresee deploying Charges In Hand," added Jack Bradbury, CEO of Physician Strategies, LLC. With the addition of Healthcare South, the total number of MedAptus physician-users across the state of Massachusetts is now over 500. "The formation of this partnership, and the addition of another local practice to the MedAptus customer base, is a great way for us to kick off 2005, which, incidentally, marks the fifth year of our products' adoption by physicians in point-of-care settings," stated Dennis Mitchell, CEO and Vice Chairman of MedAptus. "We are thrilled that our technology will be positively impacting even more area physicians, as well as their patients who will also benefit from clean and fast claim submission." About MedAptus Corporation MedAptus, Inc., is a healthcare information technology company providing point-of-care solutions to physicians. Its comprehensive suite of workflow and revenue-enhancing applications includes integrated patient management, charge capture, dictation and clinical content. MedAptus' flagship application, Charges In Hand(TM), allows physicians to document professional charges at the point-of-care, which improves coding compliance and reduces billing lag time, ultimately maximizing reimbursement. Additional clinical solutions are under development to augment the suite and create a unified mobile and Web-based offering. MedAptus can be reached via http://www.medaptus.com/ or email to info@medaptus.com, or by calling 617-523-1221. About Physician Strategies, LLC Created by physicians for other physicians, Physician Strategies, LLC, based in Pembroke, Massachusetts, uses state-of-the-art technologies to enable its clients to improve the medical care they provide their patients while increasing the income potential of their practices. The company's mission is to support physicians and physician groups in preserving practice independence, while delivering quality professional practice management systems and services that provide significant value to clients and their patients. In addition to supplying billing and accounts receivable services, Physician Strategies provides practice management consulting, financial management, compliance, credentialing, group purchasing, IS infrastructure development and Web page design services. For more information, please visit http://www.physicianstrategies.net/. Contact: Dane Callow MedAptus, Inc. 617-523-1221 dcallow@medaptus.com This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. Source: MedAptus, Inc. CONTACT: Dane Callow, MedAptus, Inc., +1-617-523-1221, dcallow@medaptus.com Web site: http://www.physicianstrategies.net/ Web site: http://www.medaptus.com/ ------- Profile: International Entertainment

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