Health Care Associations Judge CyMed as Nation's Top Transcription Service Provider; Representatives from AHIMA, MGMA and AAMT select CyMed for MTIA Beacon Award.

RICHMOND, Va. -- CyMed, Inc. was honored today with the first ever Beacon Award for service excellence and billing clarity by the Medical Transcription Industry Alliance (MTIA). The award was established by the MTIA Billing Methods Principles (BMP) committee to recognize the industry's top outsourced service provider who demonstrates application of the BMP pricing ideals of verifiability, definability, measurability, consistency and integrity. MTIA, which serves the interests of more than 1,000 national competitors, recruited senior executives from the American Health Information Management Association (AHIMA), the Medical Group Management Association (MGMA), and the American Association of Medical Transcriptionists (AAMT) to judge the competition between the market's top vendors.

"CyMed's case study and references made the difference," noted Scott Faulkner, MTIA's BMP committee chair and ex-officio member of the judging panel. "MTIA is proud to represent an alliance that includes many strong and ethical transcription service providers, but in the end, it's how well you satisfy the interests of the customers that really matters. CyMed came out on top of this year's competition simply because their clients convinced the judges that they earned it."

"Although we have received numerous recognitions for our technology and business growth, being selected as the winners of the first Beacon Award is special because many of the evaluation criterions were based on actual client experiences," commented Robert Lynch, CyMed's President and CEO. "Since AHIMA, MGMA and AAMT represent our clients and employees respectively; we feel their recognition of us as MTIA's top transcription service provider brings credibility to our Six Sigma approach and confirms our market leadership with respect to customer satisfaction."

About CyMed

CyMed provides economical outsourced medical transcription and records management services through proprietary processes based on Six Sigma quality management principles and applied industry leading technology. Health care providers rely on the company to cost-effectively convert recorded free-form medical dictation into electronically formatted patient records. Headquartered in Richmond, VA, CyMed is a portfolio company of Hagerty Peterson & Company, LLC (www.HagertyPeterson.com). For more information on CyMed, visit www.cymedinc.com, email [e-mail], or call 800-456-8951.

About Hagerty Peterson

Hagerty Peterson provides capital, strategic direction, and active management to companies that deliver technology driven outsourced solutions to commercial clients. Focused on business and information services, Hagerty Peterson, manages a portfolio of companies that generates over $750 million in annual revenue and provides employment for more than 4,500 associates.