Unique "Voice-to-Billing" offering integrates speech recognition, automated coding technology, and web-based billing services in one unified workflow

MT. LAUREL, N.J., Nov. 30 /PRNewswire-FirstCall/ -- MedQuist Inc. (Nasdaq: MEDQ), a leading provider of technology-enabled clinical documentation services, is featuring a new solution this week at the Radiological Society of North America (RSNA) conference in Chicago. Called SpeechQ VTB for Radiology, the product leverages SpeechQ(TM), the company's real-time interactive speech recognition application used by thousands of radiologists. MedQuist has integrated SpeechQ with a robust web-based coding and billing platform to make completed radiology reports immediately available for processing, shortening the entire billing cycle.

This highly automated workflow permits rapid conversion of dictation to text with immediate radiologist electronic signature, seamless passing of the report to the coding platform, and use of computer-assisted coding software that identifies relevant information in the text and recommends code assignments for human review. The result is a number of key benefits, including:

• Significant cost savings in transcription
• Streamlined process from voice to billing improves overall revenue cycle
• Elimination of data entry expense
• Reduced claims denials and compliance risk

MedQuist maintains a global team of over 300 specialists in all areas of revenue cycle management, including many certified CPC and RCC coders. MedQuist has extensive experience in medical billing and practice management services both in radiology and in a broad range of other medical specialties.

"This is another strong enhancement to our popular SpeechQ for Radiology system," said Chris Spring, Vice President of Product Management at MedQuist. "Our goal is to take steps out of manual processes in radiology workflow, and SpeechQ VTB offers major savings as we accelerate the voice-to-billing process."

About MedQuist

MedQuist is a leading provider of medical transcription services, and a leader in technology-enabled clinical documentation workflow. MedQuist's enterprise solutions - including mobile voice capture devices, speech recognition, Web-based workflow platforms, and global network of medical editors - help healthcare facilities improve patient care, increase physician satisfaction, and lower operational costs. For more information, please visit www.medquist.com.

"Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995: Statements in this press release regarding MedQuist's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements. As a result, forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE MedQuist Inc.

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