LOS ANGELES, March 22, 2004 (PRIMEZONE) -- PracticeXpert, Inc. (OTCBB:PXPT), today announced that it has successfully deployed the wireless integrated version of its PXpert(TM) Revenue Management System for physicians.
Previously the Company announced that it had completed an interface between the PXpert System, and NextGen(R) Enterprise Practice Management ("NextGen EPM"). NextGen EPM is a product of NextGen Healthcare Information Systems, a wholly owned subsidiary of Quality Systems, Inc. (Nasdaq:QSII).
With this most recent advancement, data is entered into the PXpert Revenue Management System utilizing a pocket PC device, at the point of care, in the physician's office. The PXpert system compares the data entered to a broad range of payer rules and regulations, allowing most errors to be corrected right at the point of entry. Upon completion of the data entry process by the care giver, the encounter information is transmitted on a wireless basis to an access point within the physician's office that immediately transmits the encounter information to the PXpert Claims Review Module, ready for final review by PracticeXpert billing experts. Upon final review and acceptance, the encounter data is transmitted through the interface into the NextGen EPM system, ready for electronic transmission to the paying insurance company. The wireless system has been successfully deployed in two oncology practices, one in Montana and the other in Missouri. Both practices have multiple hand held units in operation.
Zima Hartz, Executive Vice President of PracticeXpert and chief system's architect, stated, "Our goal has always been to simplify the collection of the critical data needed to submit an insurance claim, to scrub this data in the physician's office where errors can be corrected most easily, and to expedite the transmission of this data to the insurance company. With our first versions of the PXpert Revenue Management System we eliminated paper encounter forms in the physicians' office, with the NextGen interface we eliminated redundant data entry between the PXpert system and NextGen, and now we have eliminated the delay in data transmission that typically would occur during the synchronization process of our non-wireless version. With our system, the insurance claim could literally be at the insurance company before the patient has driven out of the physician's parking lot."
Jonathan Doctor, chief executive officer of PracticeXpert, stated, "Clearly this is another step forward in our stated strategy to provide a superior product to our client physicians by integrating leading-edge technology solutions into our core business service, outsourced medical billing. Not only are we able to provide a superior service as compared to our competition, but we can do it at a lower cost, as our integrated wireless solutions reduce the labor typically inherent in a paper-based outsourced billing system. It is through the combination of technology leadership and expert medical billing knowledge that leads us to believe we can scale our business model and continue to deliver a better product than the competition, even as we continue to aggressively grow the business, both organically and through acquisition."
About PracticeXpert, Inc.
PracticeXpert, Inc. is in the business of developing and deploying systems, technologies and services designed to improve operational efficiencies, reduce billing errors and enhance cash flow for medical practitioners. Its services revolve around its flagship Revenue Management System, PXpert(TM), and include medical billing, collections, transcription, clinical trial accruals, contracting and practice management. PracticeXpert bundles its technology applications with its billing and other practice management services to provide a complete and integrated solution to its physician customers. To find out more about PracticeXpert, Inc. (OTCBB:PXPT), visit our website at www.practicexpert.com.
Note: Any statements released by PracticeXpert, Inc. that are forward- looking, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission.