Optio Continues Success in Healthcare Industry.Business Editors ATLANTA--(BUSINESS WIRE)--Aug. 13, 2001 Over 25 Healthcare Providers in 2001 Select Optio Optio Software, Inc. (Nasdaq NM: OPTO OPTO Optical OPTO One Person Train Operation (transportation) ), a leading provider of infrastructure software that enables healthcare organizations to communicate between their external patient care partners and applications, today announced that during the first half of 2001, more than 25 healthcare organizations have selected Optio solutions to migrate from traditionally paper-based operations to a system that enables information to be distributed and exchanged seamlessly from existing HIS applications. These solutions reduce costs and improve efficiencies in various units of a healthcare organization. Given these savings, healthcare organizations are now able to focus on their core objectives, allocating resources to provide better care or purchase needed equipment. "Optio has worked very hard at learning the needs of the healthcare industry and dedicating resources with a strong knowledge of this specialized market to developing solutions that will provide the greatest benefits," said Jim Kelly For other persons named Jim Kelly, see Jim Kelly (disambiguation). James Edward Kelly (born February 14, 1960 in Pittsburgh, Pennsylvania) is a former American football quarterback in the NFL for the Buffalo Bills. , Chief Marketing Officer of Optio Software. "With the success we have had serving our existing customers, we are well prepared to take the next steps in helping organizations with the HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, and e-Healthcare initiatives that are on the horizon for all involved in the industry." Optio has worked with hundreds of organizations within the healthcare industry over the past 20 years. With a team dedicated to this market and many key partnerships with industry leaders Optio is poised to continue its efforts and success. Optio Solutions At Work An Optio customer, Mercy Health Partners Mercy Health Partners (MHP) is a health care system with locations throughout northwest Ohio and southeast Michigan.[1] Hospitals Six hospitals are owned and operated by MHP: Mercy Hospital of Defiance, Mercy Hospital of Tiffin, Mercy Hospital of has continued to build on its Optio solution to help with its e-Healthcare initiatives and regulatory compliance. Initially using Optio's core technology, Mercy moved to electronically generating documents such as admission records, patient wristbands, medical records, lab reports or employee applications from a manual, inefficient paper-intensive process. Mercy was able to save hundreds of thousands of dollars by eliminating the paper processes. Mercy has also added Optio e.ComPayments(TM) for electronic payment processing and Optio e.ComPresent(TM) for presenting documents via the Web. One of Optio's partners, Quorum Health Resources, selected Optio to offer data automation solutions to its network of hospitals. The benefits that Quorum expects include electronic information distribution across departments within healthcare organizations, as well as increased speed and accuracy of critical documents that are required to offer care. Another partner that was recently announced, Claredi, will work with Optio to help healthcare organizations reduce risks in their HIPAA-compliance initiatives. Optio's HIPAASmart will be certified for HIPAA EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. compliance through Claredi so that customers will understand the capabilities that HIPAASmart offers for their specific installation. About Optio Software, Inc. Optio Software, Inc. provides e-Business infrastructure software that enables providers, payers and patients to effectively exchange information throughout the care continuum. Optio's software improves the quality of an organization's communications by customizing, delivering and exchanging information over a global network of digital destinations. Optio's products are being used to integrate diverse applications requiring high availability and throughput, as infrastructure for B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business and to tailor the information from enterprise, e-healthcare and legacy applications for delivery and exchange as XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , EDI, web content and customized documents according to individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. requirements. Optio has more than 4,000 customers including over 500 hospitals and some of the country's leading payor organizations. Optio has a dedicated healthcare team that includes development, consulting services, sales, marketing and product management. For more information contact Optio Software - Phone: (770) 576-3500, Fax: (770) 576-3699, E-Mail: info@optiosoftware.com, Corporate Headquarters: 3015 Windward Plaza, Windward Plaza, Fairways II, Alpharetta, GA 30005, Web Site: http://www.optiosoftware.com. About HIPAA EDI Compliancy com·pli·an·cy n. Compliance. Noun 1. compliancy - a disposition or tendency to yield to the will of others complaisance, obligingness, compliance, deference The Administrative Simplification Subtitle of HIPAA was enacted by the U.S. Congress in 1996 as part of the Kennedy-Kassenbaum bill Kennedy-Kassenbaum Bill HIPAA, see there . The bill was initially only intended to guarantee access to health insurance coverage for small business, individuals and people with pre-existing conditions. However, Congress and the Department of Health and Human Services Noun 1. Department of Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Health and Human Services, HHS (DHHS DHHS Department of Health & Human Services (US government) DHHS Dana Hills High School (Dana Point, California) DHHS Deaf and Hard of Hearing Services DHHS Deaf and Hard of Hearing Services ) saw this bill as an opportunity to improve on the inefficiencies and lack of standardization within the American healthcare system, as well as make inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ into a growing concern by patients - the security and privacy of their medical information. The bill includes requirements for standardized formats for electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI) transactions, standard code sets, national identifiers, as well as rules and regulations aimed at protecting a patient's confidentiality. Forward Looking Statement This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of Optio Software, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of our operating results, delays in product development, undetected software errors, competitive pressures, technical difficulties, market acceptance, availability of technical personnel, changes in customer requirements, difficulty integrating acquired companies and general economic conditions. Additional factors are set forth in Optio's Form S-1 Registration Statement dated December 13, 1999 and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. dated April 28, 2000. Optio undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. |
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