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RevenueMed and Anodyne Health Partner to Raise the Standard of Payment Posting Services

Thursday, October 23, 2008 General News J E 4
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ATLANTA, Oct. 21 RevenueMed, the global leader inhealthcare business process outsourcing and Anodyne Health, a leader inrevenue cycle management solutions, today announced a partnership to provideAnodyne customers an enhanced service to convert paper EOBs into ANSI 835transactions.

"We are excited to be expanding our relationship with Anodyne," saidRevenueMed's founder and CEO Mike von Grey. "The integration of ourRevRemit(TM) services and Anodyne's billing solutions will accelerate thepayment posting process for Anodyne's physician clients."

Despite the intent that remittance advices from payers to providers shouldmigrate to an Electronic Data Interchange format (ANSI 835 files), a stubbornportion of remittances continue to be returned as paper EOBs. To address thiscumbersome and expensive paper stream that healthcare providers must addressinternally, RevenueMed developed RevRemit(TM), which has become the market'sleading solution to convert paper EOBs into ANSI 835 files.

This service receives scanned EOBs and 837 billing files as inputs anddelivers reliable, high-quality 835 files as the principal output. Bypartnering with RevenueMed, healthcare providers and billing companies cantreat every remittance as an ERA, even if it is originally returned as paper.This solution saves money, improves service reliability and allows for moreefficient resource allocation.

"We have been working with RevenueMed since early 2007 and haveprogressively expanded this relationship over time," said Michael Funk, CEO ofAnodyne Health. "RevRemit services will be seamlessly integrated into ourbilling solutions, improving service and performance levels for our physicianclients."

Additional products and services available through RevenueMed includerevenue cycle consulting, RevAudit(TM) coding audit service, RevCode(TM)medical records coding service, RevTrain(TM) web-based coding education andcoder skills testing, and RevClaim(TM) medical and dental claim to ANSI 837service.

About Anodyne Health

Anodyne Health, Inc. (http://www.anodynehealth.com) delivers revenue cyclesolutions to healthcare provider organizations including physician billing,medical coding, business intelligence software and practice managementservices. The company's billing solution helps practices drive greaterrevenues, minimize compliance risk and gain a deep understanding of thebusiness side of their practice. Anodyne's unique, easy-to-use web-basedbusiness intelligence software revolutionizes access to your revenue cycleinformation and data that was once thought difficult, or even impossible, toobtain.

About RevenueMed, Inc.

RevenueMed is the global leader in healthcare-related business processoutsourcing, offering distinctive value to all participants in the healthcarerevenue cycle -- including both providers and payers. RevenueMed isheadquartered in Atlanta, GA, with captive production centers in India and atotal workforce exceeding 600 staff.

This release was issued through eReleases(TM). For more information,visit http://www.ereleases.com.For more information, please contact: Scott Schrader RevenueMed, Inc. 770-246-9797 x101 sschrader@revenueMed.com http://www.revenuemed.com Megan Jahnke Anodyne Health 770-777-3500 info@anodynehealth.com http://www.anodynehealth.com

SOURCE RevenueMed, Inc.
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