ORLANDO, Fla.--April 26, 2007 (BUSINESS WIRE)--CollaborateMD, a leading provider of Internet-based ASP practice management and medical billing software for the healthcare industry, announced today the successful first quarter rollout of their courseware version of CollaborateMD (formerly ClaimGear) to Corinthian Colleges Inc.
In 2006 CollaborateMD signed an agreement with McGraw-Hill (NYSE:MHP) to distribute and license a courseware version of CollaborateMD practice management and medical billing software to Corinthian Colleges Inc. (Nasdaq:COCO) for their Medical Billing and Coding Educational Programs.
The courseware version of CollaborateMD is an enhanced version of the Internet-based practice management and medical billing software used by thousands of physicians across the country. Students will enter patients, procedure and diagnosis codes, insurance and patient payments, complete both CMS-1500 and 1450 claims into the system, and be graded for accuracy and completeness. Students have the capability to validate their claims through the Faciledi HIPAA and Payer Validation Engine, a product of Ingenix. This allows students to see real-life errors and problems in their claims based on ANSI, Payer specific, and Correct Coding Initiative (CCI) edits.
CollaborateMD is providing an Instructor Web Portal that allows CCi to manage all aspects of the system. From a single Web Portal the college administrators and instructors can manage campuses, classrooms, courses, instructors, and grading.
“We have enjoyed creating this higher education product with CollaborateMD. This custom solution will provide a wonderful learning experience for both students and faculty. CollaborateMD has been a terrific partner and we look forward to a long-term relationship,” said Christian Perlee, Vice President McGraw-Hill National Accounts.
“All of us here are very excited to be selected by McGraw-Hill and Corinthian for this educational program. We believe students educated on our ASP practice management software will have the real-world experience needed to successfully compete in the marketplace after graduation,” commented Douglas Kegler, Chief Executive Officer of CollaborateMD.
Currently, over a dozen campuses have converted to the CollaborateMD product. All campuses are expected to be converted during the next nine to twelve months.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at www.mheducation.com.
About Corinthian Colleges, Inc.
Corinthian Colleges is one of the largest post-secondary education companies in North America, operating 94 schools in 24 states in the U.S. and 32 schools in seven provinces in Canada. The Company's mission is to prepare students for careers in demand or for advancement in their chosen career. Corinthian offers diploma programs and associates, bachelor's, and master's degrees in a variety of fields, including healthcare, transportation technology, criminal justice, business, information technology and trades. Additional information is available at http://www.cci.edu.
Headquartered in Orlando, FL, CollaborateMD provides the health care industry with an Internet-based Medical Billing and Practice Management Software program that has the speed of a local PC application and the "use anywhere" flexibility of a Web browser application. Through the Internet and its Java-based system, CollaborateMD offers physician offices and medical billing services the opportunity to become more efficient and flexible. CollaborateMD has been a partner with RelayHeath, a division of McKesson (NYSE:MCK), for six years for all of their ANSI compliant health care transactions. For more information, visit: http://www.CollaborateMD.com or call 888-348-8457.
At CollaborateMD we are obsessed with getting your medical claims paid fast. All of us at CollaborateMD are here and ready to help make your life easier.
Give us a call at 877.480.6517 for more information.