medical billing transcription supplier information

Medical Transcription Billing, Corp. , one of the fastest growing medical billing companies in the country, is pleased to announce that it is now providing its comprehensive 4% medical billing services to Accredited Dermatology, of Toms River, NJ, the third largest dermatology practice on the East Coast.

Accredited Dermatology, which has been in practice since 1984, includes fifteen locations, with multiple physicians, locates in six New Jersey counties. The physicians of Accredited Dermatology specialize in General Dermatology and treat patients of all age ranges throughout the state.

With a multi-million dollar monthly billing requisite, Accredited Dermatology expects to reduce its expenses and increase its revenues and cash flow, and gain greater control over its practice, by switching to MTBC's technology-driven medical billing system. Jerry Schlitzer, Accredited Dermatology's Practice Manager, Jerry Schlitzer, stated that, "MTBC's dedication to ensuring a seamless transition was evident in the professional migration plan which was customized for our specific needs. Although I was apprehensive about lost billing work due to down-time, MTBC put me and our physicians at ease with a smooth and seemingly effortless transition process."

Accredited Dermatology will also benefit from MTBC's on-line patient scheduling, reporting, and integrated EMR package. MTBC's EMR program is scheduled to be released in the coming month and will allow the office staff to spend more time with patients and less time with paperwork. David Rosenblum, President of MTBC, explains that, "MTBC's EMR will benefit practices of the size and scope of Accredited Dermatology, as well as smaller practices and solo practitioners. It will offer physicians real-time connectivity and unprecedented access to both their billing and patient information, while saving practices time and money."

MTBC's EMR will be offered free of charge to all of its medical billing clients and will help improve the efficiencies of each practice, allowing more patients to be seen and revenues to increase. MTBC can also interface with any other EMR program used by the practice and mine billing information, electronically, directly from the EMR program.

Hand-Held Medical Solution Bundles Recorder, Award-Winning Speech

Recognition Software, Comprehensive Vocabulary and Extensive

Customization Features To Boost Mobile Medical Professionals'

Productivity

A new version of the Dragon NaturallySpeaking(TM) Mobile Medical Suite, a continuous speech recognition solution designed specifically for medical professionals, was introduced here today at the HIMMS tradeshow by Dragon Systems, Inc., of Newton, Mass.

Dragon NaturallySpeaking Mobile Medical Suite is a complete package for medical professionals that includes the award-winning Dragon NaturallySpeaking speech recognition software, the Dragon NaturallyMobile(TM) pocket-sized recorder, a comprehensive medical vocabulary, and a copy of Corel(R) WordPerfect(R) Suite 8. The Dragon NaturallySpeaking software supports Corel WordPerfect and Microsoft(R) Word. New features in Dragon NaturallySpeaking Mobile Medical Suite include the Dragon NaturallyMobile digital recorder with built-in microphone and speaker with advanced file capabilities, powerful voice editing and formatting capabilities within most third party applications, hands-free features for navigating and controlling Windows, and support for Microsoft SAPI 4.0.

Dragon NaturallySpeaking Mobile Medical Suite enables medical professionals to create patient records, medical reports, notes, correspondence, and other documents at their PC or by speaking into the hand-held recorder. When the user is ready, the recordings can be downloaded to a PC using a high-speed serial link and the linking software provided with the product. Dragon NaturallySpeaking software then transcribes the text.

"Now medical professionals have the ability to create patient notes and records on the fly and they can reduce transcription costs and turn-around time for most of their dictation. Our goal is to deliver the most accurate continuous speech solutions for medical professionals in a package that makes it easy for them to use," said Roger Matus, Vice President of North American Marketing at Dragon Systems.

iBX Transcription Services, Inc., a division of iBX Group, Inc. (OTCBB:IBXG) that provides advanced medical dictation, transcription and workflow management solutions for the healthcare industry, confirmed today that it is expecting a 30 percent increase in annual revenue during 2004. The division's revenue projections were revised after the addition of several new clients during the past month, company officials said.

A large urology practice, a leading breast care center and a prominent orthopedic surgery practice in South Florida are among the company's new clients, according to Ira Fruchtman, Managing Director for iBX Transcription Services. Fruchtman credited a new aggressive direct marketing campaign, as well as the company's policy of maintaining consistent follow-up with potential customers, with the recent upsurge in business.

"We'd been talking to many of these clients periodically after making contact months ago, and with the incentive of our new document management technology, we were able to finalize several agreements during the past few weeks," Fruchtman said. "Right now, we're negotiating with a number of additional, and potentially lucrative, medical practices, and we expect to be able to announce those contracts very soon."

iBX Transcription Services recently announced that it is acquiring the rights to an advanced technology solution it helped develop that will enable the company to significantly increase productivity and expand its customer base to include a wider variety of healthcare practices. The company is currently working on several changes to the software that will allow it to meet each client's specific document management needs. The technology is fully compliant with and meets the requirements of all current state and federal healthcare legislation, including the Health Insurance Portability and Accountability Act (HIPAA) and new Medicare regulations, Fruchtman said.

Following an extensive beta test of its Electronic Medical Records (EMR) software, MTBC, the company known for breaking the cost barriers associated with medical billing, has once again redefined the costs physicians incur in the healthcare industry by releasing Version 1.1 of its free, fully-integrated, EMR.

Although a fully functional EMR program can cost as much as $25,000, MTBC's new program, which includes all of the features available in expensive EMRs, is provided free of charge--no strings attached--to any practicing physician. It is available as a free download from www.MTBC.com.

"It was not an option to release an EMR that had limited functionality simply because it is free," explains David Rosenblum, President of MTBC, "we sought to include all of the components available in expensive EMRs in a package that utilizes MTBC's services and reflects our commitment to providing the best service at the best price."

Physicians who use MTBC's integrated EMR fully incorporate all of MTBC's billing, transcription, and practice management solutions into one cohesive package. The services available in MTBC's 4-by-4 plan, including 4% Medical Billing, 4(cents) Medical Transcription, and now a free EMR, complement one another as a complete practice management solution.

MTBC's EMR includes modules for automated billing, scheduling, claims tracking, document management, fax functionality, charting, electronic encounter documentation, and complete HL7 compatibility.

All physicians are invited to download the software and provide MTBC with feedback and suggestions for further improvements. MTBC's "Suggestion of the Month" program will award a $100 American Express gift check for the month's best suggestion, which is developed and implemented into subsequent versions of the EMR.

Safe Harbor and Forward-Looking Statements

This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions of MTBC (the Company) that involve risks and uncertainties.

Online Medical Transcription Services to Help

Streamline Practices and Improve Patient Care

MedQuist (Nasdaq: MEDQ) today announced that it is teaming with Intel to develop and deploy new Internet technologies for medical transcription that will enhance its service offerings to physicians and hospitals.

MedQuist, the medical transcription industry leader, plans to provide its customers with the ability to store and retrieve patient charts over secure Internet connections. MedQuist will accept the AMA physician credential, and Intel(a) Internet Authentication Services will validate credentials before MedQuist grants access to patient medical information.

MedQuist's new online medical transcription services will benefit health care providers and their patients. Physicians will have more expedient access to the charts they need to make sound clinical decisions at the point of care. Physicians can more easily share charts with authorized third parties such as specialists to promote better record keeping and overall management of patient care. The new services will also streamline practice workflow, helping to reduce the time and money spent managing paper-based records, and avoiding misfiling and loss.

"Our new Internet platform will provide the industry with faster turnaround and better service," said David Cohen, Chairman and Chief Executive Officer of MedQuist. "We are excited about offering this new capability to physicians and hospitals, allowing them to save money while improving patient care and maintaining confidentiality. The solution we are deploying with Intel is based on state-of-the-art server and security technology that will finally begin to make paper records a thing of the past. I am extremely excited to be teaming up with Intel on this project."

"Intel believes that automating record transcription is one of the best ways to get hospitals and physicians onto the Internet," said Steven McGeady, vice president of Intel's New Business Group and director of the Internet Health Initiative. "These new capabilities not only save a physician`s time, but will enable many new applications that will improve health care and save money. We are excited about working with MedQuist to bring Internet technology to bear on the $6 billion medical transcription industry in support of authorized providers who need the right data at the right time to make the right decisions for their patients."

MTBC is proud to announce that Dr. Adarsh K. Gupta, a renowned expert in electronic medical records (EMR), frequent lecturer on technology in medicine, and practicing physician, has joined MTBC's EMR development team. Dr. Gupta will help guide the future direction, functionality, and ease of use of MTBC's free EMR.

Dr. Gupta's areas of expertise include medical informatics, handheld use in medical education, web-based instruction, technology in medicine, and EMR implementation. His thorough analysis of EMR software currently available in the marketplace has enabled him to determine the strengths and weaknesses of many EMRs. With Dr. Gupta's input, MTBC's EMR will help physicians avoid medical errors and increase the profitability of their practices.

"Welcoming Dr. Gupta is just another step in the furtherance of our commitment to provide the most advanced and efficient technology solutions to our clients," said MTBC president David Rosenblum. "Dr. Gupta's expertise will enable us to take an already great product to the next level."

MTBC's EMR includes modules for automated billing, scheduling, claims tracking, document management, fax functionality, prescription management, template modules, and electronic encounter documentation, with complete HL7 (Health Level 7 Security) compatibility.

Version 2.0 of MTBC's EMR, scheduled for release in early September, will incorporate many of Dr. Gupta's recommendations.

MTBC's EMR creates a synergy of medical billing, transcription, and charting solutions in one comprehensive package and is available to any practicing physician as a free download from its website at www.MTBC.com.

Safe Harbor and Forward-Looking Statements

This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions of MTBC (the Company) that involve risks and uncertainties.

MTBC is proud to announce that Dr. Adarsh K. Gupta, a renowned expert in electronic medical records (EMR), frequent lecturer on technology in medicine, and practicing physician, has joined MTBC's EMR development team. Dr. Gupta will help guide the future direction, functionality, and ease of use of MTBC's free EMR.

Dr. Gupta's areas of expertise include medical informatics, handheld use in medical education, web-based instruction, technology in medicine, and EMR implementation. His thorough analysis of EMR software currently available in the marketplace has enabled him to determine the strengths and weaknesses of many EMRs. With Dr. Gupta's input, MTBC's EMR will help physicians avoid medical errors and increase the profitability of their practices.

"Welcoming Dr. Gupta is just another step in the furtherance of our commitment to provide the most advanced and efficient technology solutions to our clients," said MTBC president David Rosenblum. "Dr. Gupta's expertise will enable us to take an already great product to the next level."

MTBC's EMR includes modules for automated billing, scheduling, claims tracking, document management, fax functionality, prescription management, template modules, and electronic encounter documentation, with complete HL7 (Health Level 7 Security) compatibility.

Version 2.0 of MTBC's EMR, scheduled for release in early September, will incorporate many of Dr. Gupta's recommendations.

MTBC's EMR creates a synergy of medical billing, transcription, and charting solutions in one comprehensive package and is available to any practicing physician .

Safe Harbor and Forward-Looking Statements

This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions of MTBC (the Company) that involve risks and uncertainties.

Axolotl Corporation, a leading provider of health information management products and services, today announced the release of its Axolotl Transcription Management System (ATMS). In use for over two years by Axolotl's outsourced services, ATMS is now available to HIM departments across America. ATMS is a comprehensive solution designed to meet the needs of both small healthcare organizations and large health networks in managing their entire transcription process -- including a central control database, local and remote MT workstations, and HIM tools enabling easy management of MT workflow and productivity, quality assurance, editing, and training.

"Whether MTs work on-site, at home, or in combination, ATMS provides easy-to-use workstations and powerful transcription management and production tools with capabilities that are tailored to meet the unique requirements of each customer," said Raymond Scott, CEO for Axolotl. "HIM departments can easily automate work routing, create work pools and templates, track turnaround time, and edit and manage delinquent reports. MTs can be productive with little or no training using familiar tools like Microsoft Word and Stedman's Medical Dictionary."

"This is the most responsive system I have ever used," said Teresa Cansell, an MT with 25 years' experience. "I use a standard PC and the Internet to securely access voice files and control playback with a WAV pedal. Microsoft Word templates automatically pop up, pre-populated with demographic information and with the corresponding voice file -- allowing me to type each report quickly and seamlessly move on to the next."

"HIM staff have never had it easier," said Michael Hill, an MT editor with 15 years' experience. "They can monitor the entire production process on-line. It's easy to track and manage quality, turn around time, and the completion of documents. Physicians can access, review, and sign transcribed reports from any secure PC workstation, and completed documents can be optionally forwarded into a repository or EMR."

CyMed, Inc. confirmed today the acquisition of Pro-Scribe Medical Documentation Solutions of Chattanooga, Tennessee. The acquisition, combined with CyMed's industry leading organic growth, firmly positions the company as the third largest employer of domestic transcription labor in a field with more than 1,500 competitors. With the affiliation of Pro-Scribe and their staff, the company is now home to more than 1,000 medical transcription, editing and technical support positions and is active in 40 states.

"Our affiliation with CyMed provides us with unmatched technology and operations management expertise that effectively revolutionize the economics of the industry," noted Mike Irwin, former Pro-Scribe owner and newly appointed CyMed Regional President. "When these tools are complemented with CyMed's Customer Relationship Management (CRM) program and regional business model, our association offers significant business benefits to our employees, our customers, and our prospective clients. By combining forces, we have effectively eliminated our previous barriers for growth and are able to offer everyone in our organization the opportunity for accelerated career development."

"The addition of Pro-Scribe's Chattanooga and Knoxville operations support CyMed's overall growth objectives and enhance our service capabilities with a team that understands the customer service levels required to be successful in this industry," added Robert Lynch, CyMed's President and COO. "We've known Mike for many years and are glad to welcome him and his staff to the CyMed team, and look forward to their contributions in support of our organic growth initiatives."

Financial terms of the acquisition were not disclosed, but include CyMed's assimilation of the Pro-Scribe's dealership for Olympus handheld voice recorders.

Compression Algorithm Enables Remote Access, Secure Transmission of

Medical Data; Offers Applications to Broad Range of Industries

Medical Synergy Technologies (MedSynTech), a software firm that specializes in managing medical information, has developed a propriety technology to compress and transmit medical data over a single phone line -- from virtually anywhere, the company announced today.

MedSynTech is employing the compression algorithm in the firm's InFORM Medical Dictation and Transcription System, which enables radiologists to standardize diagnostic findings and eliminates the need to dictate and transcribe normal findings. InFORM is a key component of MedSynTech's Practice Performance System, introduced earlier this year.

"This technology will set the benchmark for how the medical industry communicates vital patient information," said Dr. Seth Borg, founder and chief executive officer of MedSynTech. "By compressing data into a manageable size, radiologists will be able to remotely access and transmit medical data to a referring physician over a simple phone line -- and incur no long-distance charges in the process."

When dictation and transcription are performed through conventional methods, turn-around time for patient reports can take anywhere from seven to 10 days. Employing MedSynTech's system dramatically reduces both the referring physician's waiting time as well that of a patient's by enabling the referring physician to provide information to patients within minutes rather than days.

Researchers at MedSynTech developed the compression algorithm as a solution to the company's need to provide timely and quick responses for remote transcription. The algorithm encrypts and compresses the data for transmission inside a virtual private network, and manages the transmission of information in accordance with FDA guidelines established for patient-confidentiality.

MedSynTech's patent pending technology has broad applications across many industries. The firm intends to continue its research and development in medical transcription and other types of compression and encryption technologies, while searching for partnerships and strategic alliances with companies that have parallel technologies or interests.

Medsite Transcription Provides Physicians and Medical

Professionals with Secure Web-Enabled Solutions to Reduce

Transcription Costs and Turnaround Time

Medsite, the physician's home on the Internet, and Speech Machines, the leading speech-to-data Application Service Provider (ASP), today announced at Intel Corporation's Internet Health Pavilion at the Healthcare Information and Management Systems Society (HIMSS) Annual Conference an alliance in which Medsite will utilize Speech Machines' DictationNet(TM) technology to offer Internet-based medical transcription services.

Medsite intends to provide physicians with Medsite Transcription, a transcription service that utilizes encryption to ensure patient privacy. The Medsite Transcription service is designed to meet all regulatory requirements, including HIPAA (The Health Information Portability and Accountability Act) compliance.

Medsite Transcription is designed to allow physicians and healthcare providers to register for the service at www.medsite.com and, after receiving a personal code, to dictate medical records using a toll-free number. Using Speech Machines' DictationNet (www.dictationnet.com) technology, the voice dictation will be encrypted for security and sent over the Internet for transcription by contractors selected and managed by Medsite. Transcribed documents will be returned by the physician's method of choice, including secure e-mail or fax, within 24 hours.

"Medsite recognizes the need physicians have for accurate medical transcription services, and the importance of timeliness, security, reliability and cost-savings for that service," said Sundeep Bhan, founder and CEO of Medsite. "Through our alliance with Speech Machines, Medsite intends to offer doctors and other medical professionals with a web-enabled transcription solution to meet these needs."

"Speech Machines is uniquely positioned to embed Internet-based transcription capabilities into the service offerings of leading e-Health vendors," said Michael von Grey, president and CEO of Speech Machines. "Following Medsite's successful launch of other services into the physician office, we are delighted to add this new transcription service, enabled by our powerful DictationNet architecture, to Medsite's offerings."

TRANSCEND SERVICES, INC. (Nasdaq SmallCap: TRCR) today announced an agreement with the Development Corporation of Abilene, Inc. ("DCOA") to receive up to $2 million of forgivable, interest-free loans for opening a medical transcription training center and regional office in Abilene, TX. Transcend will hire and train up to 208 work-at-home medical transcription professionals and support personnel in metropolitan Abilene to serve Transcend's growing customer base located throughout the United States using Transcend's Web-based, speech recognition-enabled technology.

Larry Gerdes, Chief Executive Officer of Transcend, indicated "The medical language specialists that transcribe and edit our customers' dictated medical records are critical to the operation and growth of our Company. Creating a new supply of these professionals in Abilene is a win-win-win for Transcend, the City of Abilene and the United States. Transcend is committed to protecting the confidentiality of its customers' medical records and growing the American workforce by using only domestic resources to perform medical transcription services, contrary to a medical transcription industry trend of using offshore labor."

Richard Burdine, Chief Executive Officer of DCOA, said "Transcend is an ideal corporation for Abilene based upon the Wadley-Donovan Study, one of the guiding resources for our new economic development initiative called Develop Abilene. Aside from the financial incentive offered to Transcend, we believe that Transcend will reap benefits from Develop Abilene's economic development infrastructure. For example, both Texas State Technical College and Cisco Junior College have Health Information Technology programs that will work closely with Transcend to channel their certified medical transcription graduates to Transcend for employment."

Precyse Solutions and Baptist Health System of Alabama have completed the implementation for the complete outsourcing of Baptist's HIM Transcription Services. Baptist Health System includes more than seven hospital facilities throughout the state of Alabama.

Precyse Solutions was selected because of its technology platform along with its strong client references, credentialed staff and proven best practices. Baptist was seeking a solution to increase and improve the electronic flow of information between its facilities and the providers' private offices.

All seven facilities successfully implemented the Precyse Solutions Transcription platform within a record-breaking 8-week period. Response to the decision to outsource and the subsequent implementation cycle has been overwhelmingly positive. The outsourcing initiative is part of a large, system-wide initiative undertaken by new Baptist CEO Beth O'Brien, to dramatically reduce costs and improve internal processes. The outsourcing of HIM Transcription Services to Precyse is projected to save Baptist more than $200,000 annually while dramatically improving workflow and ease of access to information.

"The people at Precyse clearly impressed us with their desire to accomplish our objectives," remarked Rhonda Childress, Corporate HIM Director for the System. "We presented Precyse Solutions with a daunting challenge to implement the platform in an abbreviated timeframe. They rose to the challenge and exceeded our expectations. We couldn't be happier with our decision to partner with Precyse."

Jeff Levitt, founder, Chairman and CEO of Precyse Solutions remarks, "We are pleased that Baptist Health System has put its trust in Precyse's technology, people and processes. The tested best practices that we have developed over the years should prove to advance Baptist's mission to control their costs and improve their performance. We look forward to a long and successful partnership."

About Precyse Solutions

Precyse Solutions is an industry-leading provider of outsourced Health Information Management/Medical Records (HIM) services to hospitals and healthcare organizations within the U.S.. Healthcare providers utilize Precyse's services to accelerate cash flows, reduce their operating expenses, streamline workflow processes, improve the capture and coding of clinical information, and maintain regulatory compliance.

Outsourced Medical Transcription Service Enhances Webmedx's Ability

to Deliver Revolutionary Clinical Application Services to Healthcare

Providers Via Its Internet-based Clinical Information Portal

HealthScribe, Inc. announced today that it has entered into an agreement with Webmedx, Inc. to provide outsourced transcription services through the Webmedx Clinical Information Portal.

The partnership will help improve the quality of care and boost productivity by providing medical professionals with the information and tools to produce and access clinical reports more efficiently and cost-effectively via the Webmedx Clinical Information Portal.

"We are excited to be teaming with HealthScribe--an established leader in the outsourced transcription market," said David Nelson, CEO of Webmedx. "This partnership will enable us to add significant value to the application services we currently offer through our Portal. With HealthScribe as a partner, we have enhanced our ability to convert clinical audio dictation files into textual reports, which is a critical step in the healthcare delivery system."

Michael King, CEO of HealthScribe states, "The combination of our internet-based service with the clinical data management functions of the Webmedx Clinical Information Portal will provide physicians with browser-based access to their transcribed reports for editing and signature, with integration of the report into the online medical record. This unique process will help streamline the physicians workflow and provide more time for patient care."

About HealthScribe

HealthScribe's internet based outsourced medical transcription service provides health information management departments with an end-to-end information solution that enables customers to effectively address their key concerns - achieving superior quality transcription while reducing overhead costs. By improving communications and management in this critical area, the HealthScribe system helps reduce delays and errors, enabling healthcare professionals to make the most efficient use of their expensive resources.

RICHMOND, Va. -- CyMed, Inc. was honored today with the first ever Beacon Award for service excellence and billing clarity by the Medical Transcription Industry Alliance (MTIA). The award was established by the MTIA Billing Methods Principles (BMP) committee to recognize the industry's top outsourced service provider who demonstrates application of the BMP pricing ideals of verifiability, definability, measurability, consistency and integrity. MTIA, which serves the interests of more than 1,000 national competitors, recruited senior executives from the American Health Information Management Association (AHIMA), the Medical Group Management Association (MGMA), and the American Association of Medical Transcriptionists (AAMT) to judge the competition between the market's top vendors.

"CyMed's case study and references made the difference," noted Scott Faulkner, MTIA's BMP committee chair and ex-officio member of the judging panel. "MTIA is proud to represent an alliance that includes many strong and ethical transcription service providers, but in the end, it's how well you satisfy the interests of the customers that really matters. CyMed came out on top of this year's competition simply because their clients convinced the judges that they earned it."

"Although we have received numerous recognitions for our technology and business growth, being selected as the winners of the first Beacon Award is special because many of the evaluation criterions were based on actual client experiences," commented Robert Lynch, CyMed's President and CEO. "Since AHIMA, MGMA and AAMT represent our clients and employees respectively; we feel their recognition of us as MTIA's top transcription service provider brings credibility to our Six Sigma approach and confirms our market leadership with respect to customer satisfaction."

About CyMed

CyMed provides economical outsourced medical transcription and records management services through proprietary processes based on Six Sigma quality management principles and applied industry leading technology. Health care providers rely on the company to cost-effectively convert recorded free-form medical dictation into electronically formatted patient records.