Press Release – updated: Dec 20, 2017 07:00 EST
WINDERMERE, Fla., December 20, 2017 – iCoreConnect Inc. announces its acquisition of ICDLogic, an innovator in clinical documentation improvement and ICD-10 coding solutions. Cypher, developed by ICDLogic, is a cloud-based software. It saves time and increases healthcare provider revenue by accelerating the process of accurate and specific ICD-10 diagnostic code assignment and clinical documentation for reimbursement.
iCoreConnect is continually looking to expand its software offerings, either by continued development or via acquisition. “We’re very impressed with ICDLogic’s Cypher software suite and its superior speed and performance,” noted iCoreConnect President and CEO Robert McDermott. “iCoreConnect customers have become accustomed to our cloud-based software substantially increasing daily efficiency in healthcare settings. ICDLogic is a natural fit for our software offerings and we believe the acquisition makes sense for our customers as well as our shareholders,” stated McDermott.
Established in 2013, ICDLogic was founded to help providers with the overwhelming task of navigating the many regulatory changes taking place in the healthcare environment. “Today, there are more than 70,000 ICD-10 codes,” said ICDLogic CEO Monique Fayad. “Using traditional coding resources like code books or lookup tools can take 30 minutes or longer to accurately code a complex patient encounter. Inaccurate and unspecified codes can trigger claim denials, queries and audits that drain clinical and administrative resources. With Cypher by ICDLogic, complex diagnoses can be precisely and accurately documented and coded in fewer than five minutes.” In addition, Cypher enables healthcare providers and administrators to become ICD-10 proficient in minutes, with minimal cost or downtime for education and training.
Cypher by ICDLogic goes beyond rapid specific ICD-10 code assignment by incorporating expert-developed clinical documentation improvement guidance for underlying causes, complications and comorbidities relevant to a patient’s condition. “Our software uniquely assists healthcare providers to accurately document the complexity of care for each patient encounter, which is increasingly important with ICD-10 and value-based reimbursement under MACRA regulation,” Fayad added.
ICDLogic’s current 1,000-plus subscriber base will now be able to draw on the resources of iCoreConnect. Fayad said iCoreConnect’s commitment to relentless customer service was key to this move. “True responsiveness is a critical component missing in the marketplace today,” Fayad points out. “Our customers mean the world to us, and I’m confident iCoreConnect will only enhance their experience.”
iCoreConnect builds and improves all of its software based on the feedback of currently engaged healthcare providers, including approximately 2,000 dentists and doctors who helped design and develop the iCoreDental practice management system, iCoreMD electronic health record and iCoreExchange HIPAA-compliant email exchange. iCoreConnect’s unequivocal commitment to responding to the market resulted in the endorsement of 11 state dental association agreements to date.
ICDLogic builds intuitive, web-based clinical documentation and coding software that enables providers to easily comply with complex healthcare reimbursement regulations and to receive timely and fair reimbursement for the care they provide. Focused on improving documentation accuracy and efficiency, ICDLogic’s fast, easy and affordable tools empower providers to avoid lost productivity and protect cash flow by minimizing the queries and denials that are increasing with ICD-10 implementation.
iCoreConnect creates software that allows anyone to share information at the highest levels of security, backed by highly engaged customer support. The company is a national provider of secure, HIPAA-compliant communications and cloud-based practice management software.
iCoreConnect allows doctors, patients and other healthcare providers to easily communicate with 2048-bit encryption and collaborate with the assurance they are in full compliance with all current federal laws. All iCoreConnect healthcare industry applications meet the federal government’s five technical safeguards for HIPAA-compliant communication.
In this news release, the use of the words “believe,” “could,” “expect,” “may,” “positioned,” “project,” “projected,” “should,” “will,” “would” or similar expressions is intended to identify forward-looking statements that represent the Company's current judgment about possible future events. The Company believes these judgments are reasonable, but these statements are not guarantees of any events or financial results, and actual results may differ materially due to a variety of important factors.
Source: iCoreConnect Inc.
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