ACCURO HEALTHCARE AQUIRES WOODMOOR GROUP
Accuro Healthcare Solutions, Inc. of Dallas has acquired The Woodmoor Group, inc., a Raleigh, N.C.-based provider of Web-based accounts receivables management, denials management and revenue analytics tools. Woodmoor’s applications solutions consist of QMSoftware, MyMentor and QMSDenial.
SHPS NAMES MEMBERS OF NEW ADVISORY BOARD
SHPS, a Louisville, Ky.-based provider of health advocacy and health benefit solutions, has formed the SHPS Clinical Advisory Board to help guide the company on its corporate and clinical strategy. The board, which will meet quarterly, consists of Guy D’Andrea, MBA, president of Discern Consulting; John Little, MD, chief medical officer at Blue Cross Blue Shield South Carolina; Jeremy Nobel, MD, MPH, of the Harvard School of Public Health; Josh Seidman, PhD, president of the Center for Information Therapy; Vic Strecher, PhD, founder, chief science officer and board chairman at HealthMedia, Inc. and a professor at the University of Michigan; and William Yasnoff, MD, PhD, founder at National Health Information Infrastructure Advisors.
EPOCRATES UNVEILS SOLUTION TO AID BILLING CODES
Epocrates, Inc. of San Mateo, Calif. has unveiled a new ICD-9/CPT reference to help clinicians identify procedural and diagnostic billing codes. Physicians receive financial reimbursement based on designated diagnostic (ICD-9) and procedural (CPT) codes. To ease the process, the Epocrates Coder application allows clinicians to access more than 20,000 routinely updated ICD-9 and CPT billing codes. Instant access to these codes at the point of care, the company says, will help clinicians more accurately identify the appropriate codes needed for service reimbursement.
CIT GROUP TO BUY CITIGROUP'S BUSINESS FINANCE SECTION
CIT Group, Inc. is set to acquire the U.S. Business Technology Finance unit of Citigroup, Inc. CIT Vendor Finance provides financing to customers of manufacturers, resellers and distributors, including those in the healthcare field, through sales financing programs and services. “This transaction makes perfect sense as it fits extremely well into our U.S. business, particularly in extending our presence with a majority of the leading office equipment and technology manufacturers and software providers,” said Kris Snow, president of CIT Vendor Finance, Americas.