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ORLANDO, Fla.--April 26, 2007 (BUSINESS WIRE)--XGear Technologies Inc., a leading provider of Internet-based ASP practice management solutions for the healthcare industry, announced today the name change of their software product ClaimGear to CollaborateMD. The company changed to a name that better describes the vision of the organization and incorporates their new slogan, “Helping Health Care Act As One.”

“The vision for our software and company is to have physicians, insurance payers, patients, medical billing services, and basically any company in the health care space collaborate as one by utilizing the Internet," commented Douglas Kegler, Chief Executive Officer of CollaborateMD.

When the company began in 1999 the software name was ClaimGear because it basically allowed practices and medical billing services to manage claims, payments and submit claims electronically over the Internet. Since then, the software has become one of the leading Internet-based practice management and medical billing software packages available today. The company’s rapid growth can be attributed to leading-edge improvements to the software, affordable pricing, and great customer support.

The name CollaborateMD is also a DBA for the company name XGear Technologies and from this point forward the organization will be using CollaborateMD for all aspects of business.

About CollaborateMD
Headquartered in Orlando, FL, CollaborateMD provides the health care industry with an Internet-based Medical Billing and Practice Management Software program, CollaborateMD, which 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 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.

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