CodeCorrect Launches Denials Manager for Improved Denials Management.

YAKIMA, Wash. -- Web-based Denials Manager helps hospitals root out underlying cause for denied claims; decreases accounts receivable, increases cash flow

CodeCorrect, an Accuro Company, and a leading provider of coding, compliance and revenue intelligence tools, today announced the roll out of Denials Manager(TM), its new denials management solution for hospitals needing to automate the remittance process and quickly analyze and resolve denied claims.

Offered as a Web-based solution, Denials Manager, powered by Rycan, is now part of CodeCorrect's suite of coding, chargemaster, compliance and billing tools. Denials Manager is an electronic data interchange (EDI) gateway that offers decision support, denials management and reporting, and automated workflow all in one software solution.

"Unlike other products on the market, Denials Manager can be set up and be ready to go in a matter of hours. Hospitals avoid the large upfront expenses and long installation schedule that they normally face," said Kerry Martin, president and CEO of CodeCorrect. "This is simply a very well engineered product and CodeCorrect customers will be happy to find that Denials Manager is of the same quality, consistency and reliability as our other products."

"According to the Health Insurance Association of American (HIAA), fourteen percent of all claims submitted to payers are denied. This creates a painful slow down in the revenue cycle for providers," said Ryan Ellefson, CEO of Rycan Technologies. "Denials Manager is designed to identify recurring problems, root out the underlying cause of repetitive denials and allows staff to prioritize which claims require immediate attention."

Denials Manager provides the following benefits:

--Improved revenue cycle: enhances cash position and decreases accounts receivable

--Increased productivity of billing staff

--Automatic tracking of a claim's progress through the hospital's workflow

--Denial summaries by reason, remark and revenue codes

Denials Manager is the latest in a suite of coding, chargemaster, compliance and billing tools from CodeCorrect that provides revenue intelligence for continuous and compliant revenue improvement. Other revenue intelligence products include KnowledgeSource(R), Revenue Dashboard(R), Integrated CodeCheck, CDM Manager(R), CDM Enterprise(TM), and ABN Manager(R).

About Rycan Technologies

Rycan Technologies is a Minnesota-based provider of software for healthcare billing offices. Founded over a decade ago, Rycan established itself as a regional leader in assisting healthcare facilities with electronic claim submission and electronic remittance applications.

About CodeCorrect

CodeCorrect, an Accuro Company, is dedicated to protecting the healthcare system by simplifying information and improving communication through the integration of products, knowledge and technology. With online, one-stop coding and compliance solutions, CodeCorrect gives healthcare organizations the tools and information they need to achieve and maintain fiscal health. CodeCorrect solutions have been peer reviewed by the Healthcare Financial Management Association and are trusted and used in nearly 700 hospitals and by thousands of physicians nationwide. It has been ranked for the second consecutive year on Inc. magazine's 2005 List of the 500 Fastest Growing Private Companies in the United States. For more information on CodeCorrect, visit www.codecorrect.com or call 877-937-3600.