Company adds 21 new clients in the Second Quarter
Boston, MA - July 18, 2003 - MedAptus, a leading provider of point-of-care solutions for physicians, today announced the completion of a record quarter for both new sales and new contracted physicians.
"We continued to build on the momentum from the first quarter and have added another 21 accounts during our second quarter. We were also able to increase our pipeline by more than 100% during the same period," commented Tom Kuegler, Vice President of Sales, Marketing and Business Development. "We expect to continue the trend that we have seen in the first half of the year."
The second quarter brought in a new group of hospital sites, including University Physician Associates of New Jersey, Inc. (UPA) and McLeod Regional Medical Center in Florence, South Carolina. The company also continued its expansion, adding clients in eleven new states.
Michael Saulich, Executive Director of University Physician Associates, a 400 physician practice affiliated with UMDNJ commented, "MedAptus has not only streamlined my billing process by providing an electronic platform for charge capture, but they have also allowed me to promote billing compliance and lower my overall compliance expenditure."
About MedAptus Corporation
MedAptus, Inc. is a healthcare information technology company providing point-of-care solutions for physicians. MedAptus provides clinicians with a comprehensive suite of workflow and revenue enhancing solutions including patient management, charge capture, dictation and clinical content. MedAptus' flagship application, Charges In Hand™, allows physicians to document professional charges at the point-of-care. The use of Charges In Hand™ increases efficiency, reduces the lag time between professional services and claim submission and improves compliance with billing regulations. Additional clinical solutions are under development to augment the suite and create a unified mobile and web-based offering. MedAptus can be reached via www.MedAptus.com or email to info@medaptus.com or by calling 617-896-4000.