NEW YORK, Jan. 14, 2014 /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, announces today that it engaged CONNEX International, a national consulting firm to the healthcare industry, to develop new business through CONNEX's extensive client base consisting of over 1,100 hospitals. CONNEX will proactively sell ICD-10 solutions on behalf of The CODESMART™ GROUP, Inc.
"CONNEX is very excited about the opportunity to add CODESMART's cutting edge solutions to the portfolio of products presented to our large hospital client base. As a leader in ICD-10 education and solutions for ICD-10 preparation and outsourced coding, CODESMART products fill a significant long-term market need," says Julia Douthart, Chief Marketing Officer of CONNEX International.
CONNEX will be implementing a strategic approach to assessing each client's needs around ICD-10 and their revenue cycle under the new reimbursement system which will be effective October 1, 2014. The CONNEX team will conduct a needs analysis and carefully screen each client prior to making the introduction to the CODESMART™ team and CODESMART™ services. "We anticipate this will add significant firepower to our sales effort and help grow our business long term," stated Ira Shapiro, CEO of CODESMART™ Holdings, Inc.
ICD-10, or the tenth revision of the International Classification of Diseases is a World Health Organization-approved designation of the aspects of disease treatment that include categories of diseases and treatment modalities for them, broken down in to more than 141,000 designations. The previous ICD had only 17,000 codes, diagnoses and procedures. The United States is among the last countries in the world to adopt these standards, but the Department of Health and Human Services has mandated that all medical practices, hospitals and other medical record keeping organization be trained and ICD-10 compliant by October 1, 2014. This is essential as the Center for Medicare and Medicaid services will also be adopting the ICD-10 standard and will require proper medical coding in order to provide reimbursement.
ABOUT CONNEX International
Connex is a unique business information consulting company with over 1,100 hospital and healthcare clients, committed to helping their clients achieve their strategic and tactical goals through an exceptionally cost and time-efficient processes. Connex has developed a highly vetted network of end-users and solution-providing domain experts such as CODESMART, each of whom contributes their unique perspective and insights to their extensive informational database. Connex's unique approach to healthcare consulting focuses on identifying financial, operational, and clinical pain points in order to provide context for implementing actionable solutions that address multiple organizational objectives.
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 The CODESMART™ Group's proprietary programs, visit www.codesmartgroup.com.
SOURCE CodeSmart Holdings, Inc.