Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
UPLAND, CA -- (MARKET WIRE) -- 06/12/06 -- Healthcare Business Services Groups, Inc.
(OTCBB: HBSV) announces the release of its customized billing program,
AutoMed® 5.0. The software is believed to be the first of its kind on the
market. Preliminary versions of the software have been in use by the
Company since 2003. As a leading medical billing agency in the industry,
HBSGI has continually improved the software with subsequent upgrades. The
result is AutoMed® 5.0, which has drastically reduced processing time
needed to file, follow-up and collect on current and past due insurance
claims. This increase in productivity and efficiency has thus increased the
Company's capacity to offer its customized service to more clients while
reducing payroll expenses.
AutoMed® is now available for purchase or lease for both public and
private medical practices, regardless of medical specialty. The software
assists in eliminating overhead costs, as well as increasing operational
efficiency. Instructions for end users are personally provided by the
actual developers of the AutoMed® 5.0 software.
AutoMed® 5.0 may save up to 70% of billing cost and may generate as much
as 50% or more revenue. AutoMed® is a complete practice management
software. Special features of the software are listed below:
Scan and send capability for customized billing sheets for each
specialty.
-- Submits HCFA-1500 (medical service billing form) and Ub92 (hospital or
facility billing form) claims electronically and post electronic payments
automatically.
-- Prints HCFA-1500 and UB92 on paper forms when electronic claims are
not accepted by the insurance companies.
-- Generates patients' statements and past due letters automatically.
-- Send 30, 45, 60 and 90 days delinquent notices.
-- Provides easy access to online customized reports 24 hours a day, 7
days a week from anywhere via the Internet.
-- Appeals are made automatically once claim denials recognized.
-- Enhanced with other convenient Practice Management Modules such as
appointment scheduler, auto tracking of drugs and supplies, managing
multiple specialties and multiple providers.
About Healthcare Business Services Groups, Inc.
Healthcare Business Services Groups, Inc., or HBSGI (OTCBB: HBSV), is a
provider of full-service medical billing services and automated medical
billing software. The company provides traditional, customized medical
billing services and support to physicians, providers, and healthcare
facilities across the nation. In addition to its core medical billing
services, HBSGI now offers comprehensive, full-service medical practice
management software, AutoMed®, we believe this is the only fully
automated product on the market.
Forward-Looking Statements -- "Safe Harbor" Statement under the Private
Securities Litigation Reform Act of 1995: This press release contains or
may contain forward-looking statements such as statements regarding the
Company's growth and profitability, growth strategy, liquidity and access
to public markets, operating expense reduction, and trends in the industry
in which the Company operates. The forward-looking statements contained in
this press release are also subject to other risk and uncertainties,
including those more fully described in the Company's filings with the
Securities and Exchange Commission. The Company assumes no obligation to
update these forward-looking statements to reflect actual results, changes
in risks, uncertainties or assumptions underlying or affecting such
statements, or for prospective events that may have a retroactive effect.