AMICAS Announces 55 AMICAS Financials Contracts

BOSTON, Feb. 18 /PRNewswire-FirstCall/ -- AMICAS, Inc. (Nasdaq: AMCS), a leader in image and information management solutions, today announced that the company has signed 55 contracts for its AMICAS Financials™ solution for radiology billing.

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"Radiology practices around the country are facing increasing pressure to deliver excellent patient care, while making the most of scarce resources -- in particular, within their billing departments," said Paul Merrild, senior vice president of marketing and business development at AMICAS. "It is specifically because of competitive dynamics and reimbursement changes that our customers have chosen AMICAS Financials."

AMICAS Financials combines a modern .NET infrastructure with pioneering functionality to streamline the latest techniques for advanced radiology billing, which increases staff productivity, cash flow, and patient satisfaction. AMICAS Financials helps practices reduce denials while reducing costs, streamlining operations, and assisting with compliance requirements.

Radiology Alliance (Nashville, TN) and Radiology Business Management, Inc. (Kingwood, TX) are two practices that are currently using AMICAS Financials for advanced radiology billing.

"While the old, character-based systems might have worked well in the past, our practice realized that change was necessary to keep ahead of the economic pressures our practice was feeling," said Keith Radecic, chief executive officer of Radiology Alliance. "We decided to work with AMICAS because they have a world-class radiology billing solution. With AMICAS Financials, our staff can be much more efficient -- and that translates into a more efficient billing operation and quicker payment cycles for our practice."

"I am excited about continuing our 13-year partnership with AMICAS, which has proven to be an innovative and trusted partner throughout those years," said Charles Wenck, president of Radiology Business Management, Inc. "With AMICAS Financials, we now have automated charge capture, claims-scrubbing capabilities, Web-based payment posting, and graphical reporting -- precisely the tools our practice needs to thrive in this competitive environment."

"We are excited about the market's response to AMICAS Financials," said Mr. Merrild. "AMICAS has more than 30 years of experience in revenue cycle management and our systems are processing more than 100 million annual radiology billing transactions, so partnering with us would seem to be a very natural choice.

"When you combine the depth of our expertise with our holistic approach to imaging workflow and our commitment to working with our customers to continue to improve our solutions over time, the choice to partner with AMICAS is a very sound one during these ever-changing times," said Mr. Merrild.

AMICAS Financials, when combined with the AMICAS RIS™, AMICAS PACS™, AMICAS Payer Services(SM), AMICAS Patient Services(SM), AMICAS Reach™, AMICAS Dashboards™, and AMICAS Documents™ solutions, provides the industry's only comprehensive end-to-end suite of radiology software solutions fully based on modern technologies.

AMICAS® is a registered trademark and service mark, and AMICAS Financials™, AMICAS RIS™, AMICAS PACS™, AMICAS Payer Services(SM), AMICAS Patient Services(SM), AMICAS Reach™, AMICAS Dashboards™, and AMICAS Documents™ are trademarks and service marks of AMICAS, Inc. All other trademarks and company names mentioned are the property of their respective owners.

About AMICAS

AMICAS, Inc. (www.amicas.com) is a leading independent provider of imaging IT solutions. AMICAS offers the industry's most comprehensive suite of image and information management solutions -- from radiology PACS to cardiology PACS, from radiology information systems to cardiovascular information systems, from revenue cycle management solutions to enterprise content management tools designed to power the imaging component of the electronic medical record (EMR). AMICAS provides a complete, end-to-end solution for radiology practices, imaging centers, and ambulatory care facilities. Hospitals and integrated delivery networks are provided with a comprehensive image management solution for cardiology and radiology that supports EMR strategies to enhance clinical, operational, and administrative functions.

SOURCE AMICAS, Inc.

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