


Oncology data experts select RemitDATA to automate and analyze remittance data
MEMPHIS, TN and DALLAS, TX– (August 26, 2008) – RemitDATA, Inc., a leading provider of web-based productivity tools and benchmarking to the outpatient healthcare market, today announced that Oncology Metrics, a business dedicated to developing products and services to help accelerate advancements in cancer treatment, has selected RemitDATA to provide reimbursement tools and custom benchmarking metrics to its oncology practice members.
Under the terms of the exclusive agreement, Oncology Metrics is offering RemitDATA’s tools to the Oncology Circle, as a value-added service, to help improve reimbursement process efficiencies, enhance best-practices and increase practice profitability. The tools will be used as a complement to Oncology Metrics current knowledge-based products and services and help accelerate their quest to improve cancer diagnosis and treatment.
“The opportunity to integrate our practice’s financial and operational benchmarks with RemitDATA’s expertise in reimbursement was compelling,” said Warren Dodge, president and CEO for Oncology Metrics. “What makes this relationship valuable to our members is that their claims benchmarking tool is the best available in the market and RemitDATA has the customer service and vision to continue to be the market leader. This partnership makes the final offering from both companies second to none.”
“Using RemitDATA’s web-based tools in conjunction with Oncology Metrics benchmarking is a powerful partnership. The combined data sets have taken our best practices beyond status quo producing a one of a kind knowledge base that has given our practice the insight to identify good trends versus bad trends and ultimately increase the dollar value to our bottom line,” said Dr. William Jordan, president and CEO, The Center for Cancer and Blood Disorders, an Oncology Metrics client.
“Oncology Metrics has an outstanding reputation in the market with industry experts on staff like Tom Barr, Jim Senese, Elaine Towle and more. For those leading industry experts to select RemitDATA as their exclusive provider of web-based reimbursement tools is further affirmation of our leadership in this challenging market. Our partnership will allow Oncology Metrics members to streamline and automate delivery of their reports and creates deeper, enhanced analytic capabilities. In addition, our existing Oncology clients will gain new and powerful insights into advanced trending pertaining to patient treatment, drug expenditures, payer performance and overall operational efficiencies. We are very excited about the value that this organization and partnership brings to our rapidly-expanding base of over 2,500 community Oncologists.” said Michael Sanderson, president of RemitDATA.
About Oncology Metrics
Oncology Metrics is a service and data business for the oncology community that develops products and services to help accelerate advancements in the treatment of cancer. Oncology Metrics has built three distinct networks of community-based oncology centers from which it gathers financial and operation information (Oncology Circle), clinical information (Data Direct), and biological specimens (Cure Pace). It accesses and aggregates this information to provide a platform of knowledge-based products and services. The cornerstone of Oncology Metrics’ approach is to promote the discovery and adoption of best practice. Oncology Metric’s customers include oncology care providers and all organizations involved in the quest to improve cancer diagnosis and treatment.
Oncology Metrics knowledge-based products and services will help providers improve their financial and clinical performance, help the industry develop better products and services for oncology professionals, and ensure patients receive more effective individualized care
The Oncology Metrics team is comprised of business and medical professionals with decades of experience in healthcare. Oncology Metrics was founded in 2001 and is based in Dallas-Fort Worth, Texas with an office in the San Francisco Bay Area. Additional information about Oncology Metrics can be found at www.oncomet.com.
About RemitDATA
Founded in 2000, RemitDATA, Inc. helps 8,500+ health care providers improve practice profitability by delivering web-based tools to accelerate cash flow and streamline the reimbursement process. Our easy-to- use web-solutions work alongside ANY practice management system to eliminate payer denials/underpayments, increase workflow efficiencies and maximize revenue. With a low, annual subscription fee, RemitDATA's tools are guaranteed to work and include powerful patent-pending, custom-benchmarking reports that compare provider's operational performance against real-time industry data each quarter. Because RemitDATA's analytics and tools are web-based, we promise our clients: "No software, no servers, and no hassles." Based in Memphis, TN, the Company enjoys a 95%+ client renewal rate.