GERMANTOWN, Tenn. and WATERTOWN, Mass., Oct. 29, 2007 (PRIME NEWSWIRE) -- [pic] For Immediate Release athenahealth, Inc. (Nasdaq:ATHN), a leading provider of Internet-based business services for physician practices, today announced at the Medical Group Management Association's (MGMA) national convention in Philadelphia, that the Campbell Clinic, one of the world's premier orthopaedic centers, has selected athenahealth's on-demand practice management and billing service, athenaCollector(SM), for its four facilities throughout the state of Tennessee.
"As a growing enterprise we need a scalable practice management service that is built on delivering results and gives us visibility into all areas of our operation," said James Beaty, MD. Chief of Staff for the Campbell Clinic and current President of the American Academy of Orthopaedic Surgeons. "We feel athenahealth's centrally hosted and unique knowledge-based approach to practice management will allow us to optimize our group's operational workflow as we look to expand the clinic's role as the leader in patient care, teaching, and research in orthopaedic surgery."
"We are honored that a world-leading orthopaedic center like the Campbell Clinic has selected our on-demand practice management service and joined our growing national physician network," said Jonathan Bush, Chairman and CEO of athenahealth. "Our services are designed to provide consistent and measurable results as well as a greater level of transparency, which is critical for a multi-facility organization like the Campbell Clinic."
athenaCollector is a physician revenue cycle management offering that integrates Web-based practice management software, continually updated payer knowledge, and back-office processing specialists into a single on-demand service. athenahealth's proprietary payer and clinical rules engine, athenaRules(SM), is a real-time database of payer rules and regulations with new rules being continuously added. The claims engine helps catch and correct billing errors before they are submitted in claims and lead to denials. The results can include increased collections, faster reimbursement cycles, and reduced administrative headaches for physician practices.
About Campbell Clinic
Campbell Clinic stands as one of the world's premier practicing and teaching orthopaedic centers in the world. They are recognized as a world leader in sports medicine, pediatric orthopaedics, joint replacement, orthopaedic oncology, physical medicine and rehabilitation, and surgery of the hand, hip, foot, knee, shoulder and spine. The current team of specialists is dedicated to the mission of providing unsurpassed patient care while continuing the clinic's role as the leader in teaching and research in orthopaedic surgery.
About athenahealth
athenahealth is a leading provider of Internet-based business services for physician practices. The Company's service offerings are based on proprietary Web-native practice management and electronic medical record (EMR) software, a continuously updated payer knowledge-base and integrated back-office service operations. For more information visit www.athenahealth.com or call (888) 652-8200.
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Private Securities Litigation Reform Act of 1995, including statements regarding the benefits of the Company's service offerings. These statements are neither promises nor guarantees, and are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things: the risk that our services offerings will not operate in the manner that we expect, due to design flaws, security breaches or otherwise; potential interruptions or delays in our internet-based services offerings; our reliance upon third parties, such as computer hardware, software, data-hosting and internet infrastructure providers, which reliance may result in failures or disruptions in our service offerings; errors or omissions included in our payer and clinical intelligence rules engine and database; and the evolving and complex government regulatory compliance environment in which we and our clients operate. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. athenahealth, Inc. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by athenahealth, Inc., see the disclosure contained in our public filings with the Securities and Exchange Commission.