Plantation, FL, Aug. 29, 2013 (GLOBE NEWSWIRE) -- Health Revenue Assurance Holdings, Inc. (OTCQB: HRAA), announced that Latter-day Saints (LDS) Business College has selected the company to provide ICD-10 curricula for its medical coding program. HRAA and LDS Business College will jointly run an unprecedented internship program, providing students with 300 hours of real-world coding experience to ensure employment upon completion.
This is the first partnership where HRAA will provide relevant training to meet the projected shortage of medical coders expected on October 1, 2014, when the medical billing system will switch from using the ICD-9 medical coding system to ICD-10. The LDS Business College partnership furthers HRAA's mission to train and supply a high tech workforce in medical coding.
Students enrolled in LDS Business College will benefit from a program designed under Andrea Clark, chairman and chief executive officer of HRAA, preeminent thought leader in medical coding and ICD-10 transition and HRAA's Subject Matter Experts - AHIMA Approved ICD-10-CM/PCS Trainers. HRAA's uniquely designed practicum allows for exhaustive preparation utilizing the extremely robust ICD-10 CM and PCS coding systems that will better reflect 21st century medical terminology.
HRAA's Director of Education and Curriculum, Joanne Schade-Boyce, worked closely with the staff at LDSBC during the curriculum development phase. "I particularly enjoyed LDSBC's enthusiasm as we jointly molded and crafted a coding program model that not only meets the mission of the College, but also the requirements for employment associated with the upcoming demand for AHIMA (American Health Information and Management Association) credentialed Certified Coding Associates (CCA);," said Ms. Schade-Boyce.
The internship program that accompanies the curriculum will ensure that student coders have the experience necessary to secure a job the day they graduate, as they will be measured on their productivity and accuracy expected by HRAA.
"In one year, the health sector faces two significant obstacles: a complete shift in the way medical billing and coding has previously been done; as well as a shortage of coding personnel to actually implement the billing," said Ms. Clark. "Through working with LDS Business College, HRAA will ensure that medical coders are prepared with both the knowledge and experience to meet these demands come October 2014. We aim to work with other schools that offer medical coding certificate programs around the country so that they can prepare their students for employment."
HRAA provides ICD-10 transition services to major health systems across the country including Summa Health System and Vanderbilt University Medical Center. These services range from the implementation of HRAA's business intelligence platform - ICDVisualizerTM - to coding, education and auditing services.
About HRAA
Health Revenue Assurance Holdings (OTCQB: HRAA) interprets data to ensure that healthcare is efficient and effective for everyone by pulling medical data together to create a predictive window to understand cost and revenues looking back and going forward. Founded in 2001 and based out of Plantation, FL, HRAA combines years of industry expertise with best-in-breed technology to create market leading business intelligence products and consulting services to ensure hospitals are reimbursed for every pill they prescribe, every procedure they perform and every test they administer. HRAA both trains and supplies the high tech workforce to hospitals to generate the predictive data used by the whole healthcare system and offers a full suite of solutions needed to keep up with the ever-changing healthcare industry including data analytics software, business intelligence technology, medical coding, auditing, education, revenue cycle consulting, and ICD-10 transition solutions. For more information visit: http://www.hraa.com
About LDS Business College
LDS Business College, owned and operated by The Church of Jesus Christ of Latter-day Saints, has provided quality education for 127 years to more than 100,000 students. Located in downtown Salt Lake City, Utah, LDSBC is a premier, job placement oriented institution that provides a two-year, skills based education in a spiritual environment. Its current enrollment of 2500 is comprised of students from all 50 states in the nation and more than 60 countries worldwide. LDS Business College was one of eight educational institutions recently recognized by University Business magazine as a "Model of Efficiency" for its employment preparation program. For more information visit www.ldsbc.edu
Caution Regarding Forward Looking Statements
Certain statements in this news release and such conference call are forward-looking, including (without limitation) expectations or guidance respecting customer contract expansion, growing revenues and profits through organic growth and acquisitions, attracting new business that will increase HRAA's revenues, continuing to maintain costs and consummating any transactions. Undue reliance should not be placed on such forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control. The Company's actual results, performance and trends could differ materially from those indicated or implied by such statements as a result of various factors, including (without limitation) the continued strengthening of HRAA's selling and marketing functions, continued customer satisfaction and contract renewal, new product development, continued availability of capable dedicated personnel, continued cost management, the success and availability of acquisitions, availability of financing and other factors, as well as by factors applicable to most companies such as general economic, competitive and other business and civil conditions. Information regarding certain of those and other risk factors and cautionary statements that could affect future results, performance or trends are discussed in HRAA's most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission from time to time. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.
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