UCG expands healthcare line with acquisition of CodeCorrect.

UCG has acquired CodeCorrect, a leading provider of web-based solutions for coding and reimbursement professionals in hospitals and physician offices, a highly competitive field.

Founded in 1999, with offices in Seattle and Yakima, Washington, CodeCorrect has thousands of customers and is one of the nation's fastest growing privately held companies. It was founded by technology entrepreneur Kerry Martin, who will continue to run the business in the Pacific Northwest.

"Our due diligence showed that CodeCorrect is far and away the most comprehensive, accurate and innovative program for professionals who manage the revenue cycle--from the moment patients enter the system to when they are discharged," said UCG partner Todd Foreman, who led the acquisition effort.

Hospitals and physician offices use CodeCorrect to identify and plug leaks in the revenue cycle, benchmark performance, comply with complex fraud and abuse regulations, update patient records and hospital inventory files, and get full reimbursement for services they perform.

Currently, UCG is a leading provider of healthcare coding and reimbursement information mainly to physician offices through newsletters, reference services, and educational workshops and conferences.

"The acquisition is a terrific opportunity for UCG once again to integrate its award-winning editorial content with an excellent technology-based product that delivers a vast body of information and is easy to use," UCG partner Ed Peskowitz said.

"We'll help CodeCorrect by leveraging our great content, marketing and sales expertise, and ability to create new products and enhancements to existing products," he said.

A model that works for UCG

This model works for UCG. Less than two years ago, the company acquired ATX (one of Inc. magazine's fastest growing companies), which creates and delivers thousands of electronic tax forms to CPA firms, and linked it to an existing UCG product that provides original tax research and analysis.

That combination has been tremendously successful, Foreman said. "And we see the same opportunity here."

UCG, with some 1,000 employees, has offices in seven states.

UCG, 11300 Rockville Pike, # 1100, Rockville, MD 20852, 301-287-2700, fax [phone], www.ucg.com