CollaborateMD Reports NPI Present in 99% of All Claims Processed

ORLANDO, Fla.–(BUSINESS WIRE)–CollaborateMD, a leading provider of Internet medical billing software for physician offices, hospitalists and medical billing services, has shown full compliance with Medicare’s mandatory National Provider Identifier (NPI) requirement well in advance of the May 23^rd deadline. As of last week, an NPI is required for all HIPAA standard transactions, according to the Centers for Medicare & Medicaid Services (CMS).

The new requirement posed two distinct challenges for the healthcare industry. First, software vendors needed to integrate the NPI requirement into their solution quickly, and without claim rejections. Second, providers filing electronic claims with any payer had to follow proper channels to receive their unique identifier in time to meet the May deadline.

To mitigate the first of these two challenges, the CollaborateMD development team enhanced their medical billing software in 2006 to comply with the NPI mandate. By fall of 2007, they were successfully testing claims. As of April, 2008, 99% of all claims were processed with the NPI.

Working in tandem with their internal customer support department, CollaborateMD implementation specialists moved quickly to ensure their customers properly filed with NPPES to receive an identifier. Focused on proactively managing this industry-wide change, CollaborateMD assisted their customers in making the required transition well in advance of the cut-off date.

“Anticipating the complexity of this new requirement has undoubtedly paid off for our customers,” stated Douglas Kegler, CollaborateMD president & CEO. “Our team, strengthened by the immense support we received from RelayHealth, worked quickly and effectively to be one of the first practice management software providers to report such high compliance. Our customers know we are dedicated to doing whatever it takes to expedite the payer payment process.”

About CollaborateMD

Headquartered in Orlando, FL, CollaborateMD provides the health care industry with a HIPAA compliant, Internet practice management and electronic medical billing software and Revenue Cycle Management application that has the speed of a local PC application and the “use anywhere” flexibility of a Web browser application. CollaborateMD is a 100% Java application utilizing Sun Microsystems Java Platform. CollaborateMD offers physician offices and medical billing services the opportunity to become more efficient and flexible. For more information, visit CollaborateMD.com or call 888-348-8457.

CollaborateMD Surpasses 500,000 Monthly Healthcare Transactions

ORLANDO, Fla.–(BUSINESS WIRE)–CollaborateMD, a leading provider of Internet medical billing software for physician offices, hospitalists and medical billing services, announced today that over 520,000 healthcare transactions were processed last month by their 3,000 medical providers across all 50 states. Having recently increased staffing resources to accommodate for this year’s predicted growth, CollaborateMD has set a new benchmark for the volume of healthcare transactions needed to keep pace with the Company’s expansion goals.

“April was yet another record-breaking month for our company,” commented Douglas Kegler, president and CEO of CollaborateMD, “but it in no way marks the peak of our escalating performance.” Kegler went on to say, “We are working diligently to ensure a steady increase in these numbers, with the anticipation of doubling our monthly healthcare transactions by the end of 2009.”

The accomplishment of processing over 500,000 healthcare transactions in a single month serves not only as a milestone for CollaborateMD and its providers, but as an indication that the healthcare industry will continue to see advancement in health information technology and, more specifically, in the acceptance of on-demand healthcare software for the foreseeable future.

About CollaborateMD

Headquartered in Orlando, FL, CollaborateMD provides the health care industry with a HIPAA compliant, Internet practice management and electronic medical billing software and Revenue Cycle Management application that has the speed of a local PC application and the “use anywhere” flexibility of a Web browser application. CollaborateMD is a 100% Java application utilizing Sun Microsystems Java Platform. CollaborateMD offers physician offices and medical billing services the opportunity to become more efficient and flexible. For more information, visit CollaborateMD.com or call 888-348-8457.

CollaborateMD Announces 2008 Growth Plan is Ahead of Schedule

ORLANDO, Fla.–(BUSINESS WIRE)–CollaborateMD, a leading provider of Internet medical billing software for physician offices and medical billing services, announced today that it will reach the annual growth goal in half the time initially projected. Five new support analysts and a marketing director have already joined the team since January, bringing the total number of employees from 15 to 26.

To accommodate for the rapid growth in human resources, the company recently doubled the 3,000 square-foot office space, funded from existing cash and profits. As planned, last week marked a successful move of the support department to their newly leased office suite.

CollaborateMD is expected to announce a record-breaking number of healthcare transactions within the next 30 days. To that end, the Company has decided to hire additional support analysts and another software developer to proactively manage the increased volume and accommodate the additional 1,000 providers they expect to acquire by year’s end.

“The rapid growth we have recently experienced is directly attributable to the hard work and dedication of our exceptional CollaborateMD team,” stated Douglas Kegler, president of CollaborateMD. “As we continue to grow, we will uphold our collective mission to provide new and existing clients with the superior service and support they have come to expect.”

About CollaborateMD

Headquartered in Orlando, FL, CollaborateMD provides the health care industry with a HIPAA compliant, Internet practice management and electronic medical billing software and Revenue Cycle Management application that has the speed of a local PC application and the “use anywhere” flexibility of a Web browser application. CollaborateMD is a 100% Java application utilizing Sun Microsystems Java Platform. CollaborateMD offers physician offices and medical billing services the opportunity to become more efficient and flexible. For more information, visit CollaborateMD.com or call 888-348-8457.