Plantation, FL, April 10, 2014 (GLOBE NEWSWIRE) -- Health Revenue Assurance Holdings Inc. (OTCQB: HRAA) ("HRAA") a leading provider of revenue integrity solutions for healthcare provider organizations, announced its response to the one year compliance deadline delay for converting to ICD-10 coding.
"Although we share in the wide-spread disappointment the ICD-10 delay is generating across the healthcare continuum, HRAA is dedicated to our clients' ICD-9 and ICD-10 initiatives," said Andrea Clark, Founder. "We will continue to build on compliant revenue cycle reviews, on-going process improvement, specialized training, education and coding solutions to deliver value to our clients."
Echoing Clark's sentiments, CEO Tim Lankes added, "Whether it is ICD-9, ICD-10, CPT Code Updates, Regulation Changes, Coder Staffing or Coding Outsourcing, I am confident that our team of experts will continue to reward the trust and confidence our clients have placed in us. "This approach is what we've done successfully for over 900 healthcare providers for more than a decade and will continue to do so under any coding system."
HRAA enables healthcare provider organizations to strengthen their reimbursement efficiency and coding education efforts along with improving coding quality, cost, accuracy and compliance. With or without the ICD-10 delay, HRAA is equipped to handle today's complex regulatory and revenue cycle environment, and stands ready to help our clients meet whatever challenges and opportunities tomorrow may bring.
About HRAA
Health Revenue Assurance Associates, Inc. (OTCQB: HRAA) enables
hospitals and other providers to focus on providing the best
possible care to patients by maximizing coding productivity and
accuracy through a unique blend of solutions and tools. We
specialize in improving provider reimbursement and revenue cycle
costs by focusing key elements of the entire revenue cycle. Founded
in 2001, HRAA is a leader in the field of analyzing data to both
understand past revenues and to improve future revenues. HRAA
trains and supplies a proficient, high quality team to deliver a
full suite of solutions including medical coding staffing and
outsourced services, revenue cycle audit and consulting services,
ICD-9 and ICD-10 education, and ICD-10 transition solutions. For
more information 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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