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CodeRyte? Expands Management Team in Response to Explosive Growth

Bethesda, MD (PRWEB) January 30, 2007

After posting its fifth straight year of rapid growth, CodeRyte today announced the addition of two outstanding leaders to key executive positions. Josh Pollatsek has joined CodeRyte as vice president of business development, while Evan McDonnell has come on board as vice president of marketing.

“New customer agreements signed in 2006 increased our total contracted volume to more than 43 million procedures per year, and new installations nearly tripled the volume of medical reports running through the CodeRyte coding and workflow engine,” remarked Andy Kapit, CEO of CodeRyte, Inc. “Such explosive expansion requires seasoned, customer-focused leadership committed to innovation. Josh’s and Evan’s experience and track records of success will help CodeRyte become even more effective in creating value for our current and future customers and employees.”

With more than 20 years of experience in health care, Pollatsek will drive business development activities by building partnerships and guiding CodeRyte’s entry into the in-patient market. Pollatsek most recently served as Six Sigma director for 3M’s health care business. Previously, he worked for 3M’s Health Information Systems Division as business manager for its government and electronic medical record businesses. Pollatsek joined 3M when it acquired SOLON Consulting Group, a company he co-founded.

“CodeRyte has an impressive track record in a relatively new area of technology,” Pollatsek said. “It’s great to join a company that has already proven the technology’s potential. It is clear to me that CodeRyte can positively impact healthcare in so many different ways.”

McDonnell, who takes over responsibility for all of CodeRyte’s marketing activities, brings nearly 20 years of marketing and technology management experience to CodeRyte. He was part of the management team that purchased DataDirect Technologies, an enterprise software company, in a leveraged buy-out transaction in 2001. McDonnell subsequently rebuilt the company’s product management and marketing functions which helped reinvigorate top-line growth and bottom-line profit improvements. He played an instrumental role in the sale of DataDirect to Progress Software and led additional acquisitions while at Progress before joining CodeRyte.

“I was truly impressed by how much CodeRyte was able to accomplish without a marketing organization before I got here. It signaled to me that the market already understands the product’s quality and the management team’s dedication to outstanding customer service,” McDonnell said. “With a market reputation for excellence and innovation, CodeRyte is well positioned for rapid growth. I am excited by the challenge and opportunity before us.”

CodeRyte started in radiology and has since expanded its computer-assisted coding application to serve customers in five medical specialties: radiology, cardiology, pathology, orthopedics, and emergency medicine. Driving CodeRyte’s successful growth are more than 90 employees who have all been recruited to further enhance CodeRyte’s culture of customer satisfaction, innovation, and quality

software development.

Other recent highlights for CodeRyte include:

CodeRyte was named a finalist by the Software and Information Industry Association (SIIA) for its 2007 Codie Awards in the Best Healthcare Management Solution and Best Distributed Computing Solution categories.

In 2006, CodeRyte substantially increased its list of academic medical center customers with key additions such as the University of Southern California and the University of Florida.

CodeRyte entered into a marketing agreement with CPU Medical Management Systems, Inc., a leading provider of healthcare information systems targeted to physician organizations and billing services. The agreement allows CPU clients and prospects to access the benefits of CodeRyte's services and technology.

CodeRyte introduced a new interface for coding vascular interventional radiology procedures. This patent-pending interface connects physician language, medical codes, and anatomical diagrams, dynamically highlighting arterial pathways to assist the medical coder in visualizing the medical procedure performed. Our robust coding interface enables less specialized medical coders to code these procedures with confidence.

About CodeRyte

CodeRyte is the premier provider of computer-assisted coding solutions for the health care industry. CodeRyte helps hospitals, physician practice groups, and medical billing/practice management companies increase revenue, lower costs, improve cash flow, and enhance compliance. By using our Natural Language Processing (NLP) technology and workflow system to identify correct billing codes and extract key clinical information, CodeRyte’s customers maximize appropriate reimbursement, reduce denials, decrease outstanding accounts receivables, and improve the efficiency of their coding organizations.

For more information, visit or call (301) 951-5300.

Ed Davis

FrogDog Communications

713-862-2505 x28


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