Correcting and Replacing Masterpiece Technology Group Release Issued on March 13, 2001.Business Editors CORRECTION CORRECTION,punishment. Chastisement by one having authority of a person who has committed some offence, for the purpose of bringing him to legal subjection. 2. It is chiefly exercised in a parental manner, by parents, or those who are placed in loco parentis. ...by Masterpiece Technology Group --(BUSINESS WIRE) In BW0459, (FL-MASTERPIECE-TECH)(MPTG) Healthcare Compliance Institute Approves Masterpiece Technology Group Vendor for New Medicare/Medicaid Compliance Product, please note the following corrections:
--- Masterpiece Technology Group, Inc. (OTCBB:MPTG) today announced
that its March 12, 2001 press release, entitled "General star
Indemnity Company Approves Masterpiece Technology Group and HCI as
Compliance Vendor for New [sic] - Special Insurance Quotes for
MPTG Customers is [sic] Lowest in Industry," is incorrect in the
following respects:
--- Insurance quotes, products or services from General Star
Indemnity Company are not provided by or through MPTG
--- MPTG and Healthcare Compliance Institute, Inc. ("HCI") have
not been authorized by General Star Indemnity Company to
provide MPTG's compliance consulting customers with "very
special rates" on Medicare/Medicaid Fraud & Abuse Insurance
for physicians, or on any other kind of insurance coverage
from General Star Indemnity Company.
--- General Star Indemnity Company is anon-admitted or surplus
lines insurer in all states except Connecticut, where it
operates as a licensed and admitted insurer. For risks that
qualify, surplus lines insurance is placed with General Star
Indemnity Company by licensed surplus lines brokers. MPTG is
not a licensed surplus lines broker and is therefore not
legally authorized to place insurance with General Star
Indemnity Company
--- MPTG apologizes to General star Indemnity Company for these
errors and regrets any confusion which may have been caused by
its earlier press release dated March 12, 2001.
--- MPTG offers compliance programs through HCI and is not
involved in sales or quotes of any insurance product.
The corrected news release follows: Healthcare Compliance Institute Approves Masterpiece Technology Group Vendor for New Medicare/Medicaid Compliance Product CINCINNATI--March 12, 2001 --Masterpiece Technology Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : MPTG) today announced that MPTG has been approved by the Healthcare Compliance Institute (HCI (Human Computer Interaction) Refers to the design and implementation of computer systems that people interact with. It includes desktop systems as well as embedded systems in all kinds of devices. ) to provide to their customers special products for Medicare/Medicaid Fraud & Abuse compliance. The Compliance Program is designed to protect against allegations of billing fraud and abuse. The compliance product provides unique defense and liability protection to all healthcare providers who contract with the Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. programs. The compliance product includes an annual assessment of the organization's compliance program, and access to a national panel of expert legal and compliance professionals. Every healthcare provider is at risk for audit and investigation by state and federal organizations. Additional threats are posed pose 1 v. posed, pos·ing, pos·es v.intr. 1. To assume or hold a particular position or posture, as in sitting for a portrait. 2. To affect a particular mental attitude. by employee whistleblowers and investigations generated by complaints of patients and family members. The defense cost alone, for defending against allegations of fraud and abuse, can be enormous. Providers must consider these factors when developing plans for risk management. It is a reality that the government will continue its efforts to eliminate healthcare fraud and abuse well into the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future. Providers should consider now how they would manage response to a fraud and abuse audit. If a provider is contracted to provide services to the government, which most providers do, then it is likely the provider has been audited, is currently being audited, or will soon be audited. An effective compliance program provides the best form of asset protection for most healthcare providers. About HCI The Healthcare Compliance Institute, Inc. ("HCI") is based in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. and well versed Versed® Midazolam Pharmacology A preoperative sedative within the Medicare/Medicaid field. HCI provides counsel, lectures, seminars, courses, compliance issues, fraud and abuse matters, fiscal concerns and healthcare programs to the medical community. MPTG exclusively utilizes the services of HCI for all consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" . About Masterpiece Technology Group Masterpiece Technology Group, Inc. (OTCBB: MPTG), an Ohio-based computer company, manufactures and distributes software products for physician medical records, hospital claims management and medical audit services. The Company's medical records product, Masterpiece EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. , provides an information software package that collects and stores data during the creation of the patient narrative. MPTG's homepage See home page. can be found at www.masterpiecetechgroup.com This report includes "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, the impact of competitive services and pricing and general economic risks and uncertainties. |
|

Printer friendly
Cite/link
Email
Feedback
Reader Opinion