CodeSmart™ Group Announces $1.3M in Commitments to Provide ICD-10 Education and Consulting Services

NEW YORK, Nov. 15, 2013 /PRNewswire/ -- CodeSmart Holdings, Inc. (OTCQB: ITEN), with its subsidiary, The CODESMART™ Group, Inc. (collectively, "CODESMART"), a premier ICD-10 education and solutions group that offers CODESMART™ UNIVERSITY, its on-line education solution and customizable training solutions, announced today that it has agreed to terms with 5 hospitals and healthcare organizations and three of CODESMART's teaming partners to provide ICD-10 consulting services and education to their professional coders and clinicians. CODESMART™ will enter into Service Agreements with these new clients during the month of December with a total collective contract value of approximately $1.3M.  The collective Agreements consist of a blend of services to be provided from each line of business provided by CODESMART™.  The total also includes their direct marketing new coder program.

Among the new clients is Mennonite Health System, a non-profit organization that provides healthcare services and has hospitals and clinics in several towns of Puerto Rico; HeartPlace, a cardiovascular treatment center located in North Texas with over 25 locations; and WorkBeast, a staffing industry expert which will utilize professional coders trained and provided by CODESMART™ to various healthcare organizations.  Collectively the above mentioned healthcare organizations account for approximately $1.1M of the services to be rendered.

"It appears that the era of procrastination has ended and healthcare facilities are ready to move forward with ICD-10 training," said Ira Shapiro, Chairman and CEO of CODESMART™.  "With the deadline quickly approaching, we welcome the opportunity to assist our new and existing clients with their transition to ICD-10." 

About CodeSmart™

CodeSmart Holdings, Inc. (OTCQB: ITEN) with its subsidiary, The CODESMART™ Group, Inc., is a premier national subject matter expert for ICD-10 education and compliance in the United States. Its product, CODESMART™ UNIVERSITY, is an on-line program of study for existing coders, new coders, clinicians, and healthcare roles of all types. Created by a combination of a leading panel of ICD-10 subject matter experts and a major four-year accredited university, which contributed the nation's top course designers and a platform that already provides interactive education to more than 60,000 students per year in degree programs. The ICD-10 training also includes live professors who work with and guide students through the programs of study in ICD-10.

CODESMART™ UNIVERSITY is endorsed by over 60 colleges and universities nationwide for its quality of education. The CODESMART™ Group, Inc. also provides solutions for ICD-10 transition, outsource coding, coding audits, critical documentation improvement and the revenue cycle continuum.

To learn more about CODESMART™ UNIVERSITY's proprietary programs, visit www.codesmartgroup.com or www.codesmartuniversity.org.

SOURCE CodeSmart Holdings, Inc.



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