Plantation, FL, Aug. 15, 2013 (GLOBE NEWSWIRE) -- Health Revenue Assurance Holdings (OTCQB: HRAA), a provider of technology and revenue integrity solutions for healthcare organizations, announced today that they have been included in the Health Information and Management Systems Society (HIMSS) ICD-10 Playbook.
The HIMSS ICD-10 Playbook is the most recognized resource for the healthcare industry to help identify potential ICD-10 solutions nationally. HRAA's white paper on the importance of dual coding to prepare for the ICD-10 transition is now available in The Playbook.
Currently, HRAA works with over 40 hospitals providing them with ICD-10 transition services ranging from auditing, medical coding solutions, staff education/training, to implementation of data analytics through HRAA's ICDVisualizerTM business intelligence platform.
"As a leader in preparing healthcare organizations for ICD-10, we are thrilled that our expert content was selected by HIMSS, a prestigious organization," said Andrea Clark, CEO and Founder, HRAA.
The transition from ICD-9 to ICD-10 is a paradigm shift in the medical billing system. When the transition takes place on October 1, 2014, providers, hospitals, insurance companies, etc. will move from a billing system utilizing 17,000 codes to a system which includes more than 141,000 codes. Lack of proper preparation could result in lost revenues and lack of productivity for hospitals, payors and other healthcare organizations.
HIMSS is a not-for-profit organization focused on better health through information technology (IT). HIMSS is a part of HIMSS WorldWide, a cause-based, global enterprise producing health IT thought leadership, education, events, market research and media services around the world. Founded in 1961, HIMSS WorldWide encompasses more than 52,000 individuals, of which more than two-thirds work in healthcare provider, governmental and not-for-profit organizations across the globe, plus over 600 corporations and 250 not-for-profit partner organizations, that share this cause.
ABOUT HRAA
HRAA (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 please visit: http://www.hraa.com
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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