CodeRyte Adds Three New Billing Companies and Radiology Practice to Growing Customer Base.

BETHESDA, Md. -- CodeRyte(TM), Inc. announced today that Medical Specialties Managers (MSM), Healthcare Management Partners (HMP), and California Medical Business Services (CMBS) will begin using CodeRyte technology to streamline and improve their coding and billing operations.

MSM, a billing and medical specialty group management company in Orange, Calif., will use CodeRyte's evaluation and management (E&M) services coding tool for orthopedics. HMP, a billing company in Irvine, Calif., which specializes in revenue cycle management, will use CodeRyte's technology for radiology coding. And CMBS, a billing and practice management company in Arcadia, Calif., will use CodeRyte's application for radiology and emergency department services.

CodeRyte has also added a new radiology group, Radiology Associates of Abilene in Abilene, Texas to its growing customer base.

In addition to increasing coding speed and quality, CodeRyte's technology streamlines the workflow process, accelerates the billing cycle, reduces the number of denied claims and facilitates compliance monitoring. CodeRyte's application uses advanced Natural Language Processing (NLP), supervised learning, statistics, clinical expertise and other web-enabled technologies, to "read" clinical data from the provider's transcribed medical notes and automatically assign the appropriate diagnostic and procedural codes.

"We're pleased to have been selected by these quality organizations and look forward to productive and longstanding relationships," said CodeRyte CEO Andy Kapit. "We all share a commitment to improving healthcare quality and efficiency."

Founded in 1999, CodeRyte develops technologies and services that automate and streamline medical coding and billing processes. CodeRyte customers include billing companies, practice management firms, specialty practices, hospitals and faculty practices. For more information, please visit www.coderyte.com or call [phone].