Medi-Bill Associates, topic of Microsoft Case Study; Computer Giant Examines Innovations of Medical Billing Company Providing Services On-Line.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 31, 2000

Microsoft, Inc., the Seattle-based computer company recently completed a case study of Medi-Bill Associates, Inc (www.medi-bill.com). Medi-Bill, is a full service medical billing company which offers MB On-Line Access. This program enables clients to submit claims and review reports over the internet. One of the first companies to offer this type of service, Medi-Bill developed the necessary technology in conjunction with Infosys, a partner of Microsoft. "The technology necessary to insure security, accuracy and efficiency had to be developed by a leader in the software industry," said Michael Sandick, President of Medi-Bill Associates. "We knew that it was important to contract with a company who had both the expertise and the technical power to build the system that was needed. For Infosys' part, they understood that we were doing something really innovative in our field and they were excited to see how the technical and practical melded in the final product."

The new system was beta tested in the Fall of 1999 and began full rollout in January 2000. Clients signed on after June of 2000 will be fully operational in the new system. Clients who were on prior to that date will be phased into the new product line. "This system grants obvious benefits to Medi-Bill through increasing employee productivity. However, significant benefits accrue to our clients, as well. Foremost, the exchange of billing information has been radically eased. Clients will no longer need to batch and send paper claims to Medi-Bill. Rather, there will be an instantaneous transfer of information via email transfer or through the use of a virtual HCFA form. In addition, electronic transfer of information reduces the likelihood of human error and eliminates the need for double posting," notes Mark Stitz, Medi-Bill's Vice President for Sales and Marketing.

A New York based company, Medi-Bill Associates, offers a number of innovative medical billing programs for its clients. Foremost among these is the Advance Funding program which pays physicians on their assigned claims within 72 hours. "The MB On-Line Access program is a perfect complement to our Advance Funding program because it joins innovative technology with a breakthrough medical billing practice. In addition, the ability to submit claims on-line and via email streamlines office practices," notes Mr. Stitz.

Microsoft looked at the on-line system from a technical perspective. They examined what MB On-Line Access offers:

-- Instantaneous Transfer of Information.

-- Virtual HCFA form

-- Ready made reports posted on the site which allows clients to view Aging
Reports, Procedure Utility, New Claims, & Transaction Summary on line.

-- 24 hour, seven day a week access to their account information.

-- A secure link to transfer information and view account documentation.

After reviewing what was offered, they examined the technology that was needed to enable Medi-Bill to perform as advertised. "Microsoft's case study is very exciting for us," commented Mr. Sandick. "We understand that their support of our technical ability, will encourage present and future clients to use MB On-Line Access, enabling all of us to reap the benefits of technology and the 'new economy'."