Tuesday, September 26, 2006

ProVation Medical Announces Formation of Nursing Council

MINNEAPOLIS -- ProVation(R) Medical, Inc. today announced that it has formed the ProVation Nursing Council, a highly esteemed multi-specialty group of Hospital and Ambulatory Surgery Center (ASC) professionals dedicated to advancing clinical care and nursing informatics. The Nursing Council will provide input to enhance ProVation MD(R), ProVation(R) RN and ProVation(TM) MultiCare procedure documentation software, and will address the technological, regulatory and care-related issues that most affect today's nursing professionals.

ProVation(R) MD software for multi-specialty procedure documentation and coding compliance replaces the current dictation/transcription approach and streamlines the coding and billing process. Driven by deep medical content, ProVation MD allows clinicians to quickly and completely document medical procedures and apply the appropriate CPT and ICD codes, as well as CCI edits. ProVation RN software for nursing documentation provides complete nursing notes configurable to the unique reporting needs of each medical facility.

ProVation(TM) MultiCare software delivers multispecialty perioperative documentation, streamlining workflow by intelligently reusing data at various points while automatically retrieving data from multiple IT systems. The software is slated for release to the ASC market at the end of this year.

"ProVation Medical is privileged to have such an esteemed group of professionals on our Nursing Council," said Mark Wagner, Chief Executive Officer, ProVation Medical, Inc. "Their range of expertise encompasses the entire continuum of care and provides us with the kind of broad-based experience that is crucial to our offering. They have put our products to the test and continue to guide us as we progress."

"Sharing best practices in nursing informatics allows us to better harness technology to improve documentation, efficiency and patient care," said Stephanie Diem, RN, Clinical Director of Philadelphia's Washington Endoscopy Center. "I know firsthand the positive impact that ProVation's software has on procedure documentation and coding, and I am excited to serve as a member of the company's Nursing Council."

About ProVation Medical, Inc.

ProVation Medical, Inc. (Minneapolis, MN), a leading healthcare software and services company, provides solutions that significantly enhance revenue and decrease costs per medical procedure. Hospitals and Ambulatory Surgery Centers that use ProVation Medical software (1) improve their coding accuracy resulting in a 5-25 percent improvement in reimbursement for their medical procedures, (2) eliminate transcription costs, and (3) consolidate and simplify all the major financial, clinical and administrative tasks that accompany each procedure.

ProVation MD/RN software replaces inefficient dictation/transcription processes, producing complete, billing-ready, image- and diagram-enhanced documentation for multi-specialty clinical procedures. Through an innovative "Anticipatory Interface(R)", the software links deep medical content designed by ProVation's in-house 12-member physician and coding staff to compliant CPT/ICD/CCI-edit reimbursement codes, producing a comprehensive operative note. The result is coder-ready documentation delivering compliance, proper reimbursement, and shortened days in Accounts Receivable with an ROI ranging from 25-200% and payback within 12-20 months.

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