A-Life Medical, Inc. Named Finalist in Adaptive Business Leaders' 12th Annual Innovations in Healthcare Abby Awards
SAN DIEGO … March 16, 2010 … A-Life Medical, Inc., the pioneer and leading provider of computer-assisted coding (CAC) products and services to the healthcare industry, announced today that it has been named a finalist in the Innovations in HealthcareSM ABBY Awards by the Adaptive Business Leaders (ABL) organization.
The ABBY awards honor companies that have demonstrated ways to lower the cost of providing quality healthcare through their innovative approaches to its delivery, or by using medical or information/telecommunications technology.
There are three categories spanning the ABBY awards and three winners will be named in each. Categories include:
· Innovations in Healthcare Information Technology and Telecommunications Technology
· Innovative Approaches to the Delivery of Healthcare
· Innovations in Medical/BioTechnology
A-Life Medical was named a finalist in the Innovations in Healthcare Information Technology and Telecommunications Technology category for its Actus® 6.0 product. Actus is a web-based, natural language, intelligent assistant to the health information workflow process within physician practices, improving both the productivity and accuracy of the medical coding and billing process and correctly representing the procedures – in words (using standard terminology) and graphics – in electronic patient records.
“We are gratified to be named a finalist in this prestigious and important competition, which truly recognizes the efficiencies all the nominee companies are bringing to the successful and cost-effective delivery of healthcare today,” said Jaye Connolly, chief operating officer and chief financial officer at A-Life Medical.
“A-Life’s computer-assisted coding capabilities help streamline the code-to-bill process for medical providers, and as a result, help trim coding administrative costs – which total about $8 billion in the U.S. per year – by up to 75 percent. Our proprietary and patented, natural language processing technology, LifeCode®, for which A-Life is being recognized, affords medical practitioners and billing practices a cost-effective solution for coding and reimbursement. We are pleased that the ABL recognizes our innovative, electronic-based Software-as-a-Service (SaaS) capability, which accurately reads medical codes comparable to that of a human.”
Mimi Grant, president at ABL, added: “The nine award finalists have all demonstrated that they are innovative companies whose products and/or services are approved for use in the U.S. They each possess clinical and financial metrics that prove their product or service reduces the cost of providing quality healthcare. The jury of Member judges who selected A-Life as a finalist did so because they recognize the high cost that ‘non-patient facing, back end administrative services’ adds to our healthcare dollar, and were delighted that A-Life's software could help reduce that cost, thus enabling the reduction of the total cost of healthcare in America."
The nine 2010 Innovations in HealthcareSM ABBY Awards winners will be announced at the 12th Annual Innovations in HealthcareSM Awards Event to be held on Wednesday, April 28, 2010 at the Radisson Hotel, 4545 MacArthur Blvd., Newport Beach, CA, 92660 from 11:30 A.M. – 4:30 P.M. local time.
The finalists were selected from dozens of nominees by a peer selection committee. ABBY Award winners will be selected via secret ballot by ABL Members, after viewing presentations at the April 28th Innovations in HealthcareSM Awards event made by the CEO or senior division executive representing each Finalist company. Attendance is open to ABL Members and their guests, as well as non-Member senior executives of healthcare providers and payers, therapeutic, diagnostic, medical device and healthcare information and services firms.
About the Adaptive Business Leaders Organization
ABL supports the needs of its Member CEOs by providing a place for top-level executives to draw on the experience, knowledge and skill sets of their peers in a vertical industry, personal advisory board setting. Members meet once a month for a half-day Round Table session with a group of industry peers from non-competing companies. Members also gather several times a year at workshops and conferences to exchange ideas and connect with other CEOs. ABL's Chief Executive Leadership Development Round Table program is offered in California's Greater Los Angeles, Orange, San Francisco, Santa Clara and San Diego Counties. More information can be found at http://www.abl.org.
About A-Life Medical, Inc.
San Diego-based A-Life Medical, Inc. is the pioneer and leading provider of computer-assisted coding products and services for the healthcare industry. Using its proprietary and patented Natural Language Processing (NLP) technology, LifeCodeÒ, A-Life deciphers electronic transcribed patient encounters via the Internet through its data center, which are then appropriately coded for reimbursement purposes.
A-Life’s solutions address medical coding needs within the physician and hospital sectors. The company processes more than five million transactions monthly, has thousands of users and provides coding services to more than 40,000 physicians nationwide. Its customers include medical billing companies, physician groups, university medical centers and hospitals. For more information, please visit www.alifemedical.com.