Leading Health Information Exchange and Personal Health Record Company Lands on the List for Third Straight Year, Marking over 1,500 Percent Growth Since 2004

MediConnect Global recently announced that it ranks No. 152 on Deloitte’s 2011 Technology Fast 500 list, which honors the fastest-growing, media, telecommunications, life sciences and clean technology companies in North America. This is the third consecutive year that MediConnect has been included on this prestigious list. The rankings are based on percentage of fiscal year revenue growth from 2006-2010, during which MediConnect grew by 667 percent.

As one of the first and largest health information exchanges, MediConnect provides efficient and sophisticated medical record retrieval, digitization and management with numerous clients in the legal and insurance industries, including four of the five leading health insurers in the United States.

“It’s an honor to have MediConnect Global recognized as one of the fastest growing companies in North America for three consecutive years by an organization as well respected as Deloitte,” said Amy Rees Anderson, CEO of MediConnect Global. “The credit for this recognition belongs entirely to our team of dedicated employees who work diligently to drive innovation and growth, as well as to our clients, who any company would feel privileged to partner with. Without the support of our amazing clients, none of this would be possible, so we share this recognition with them.”  

During the past year MediConnect has celebrated a number of accomplishments. The company launched its Provider Network Offering, announced the availability of RapidRequest, and added new features to its RapidReview online workflow system. In addition, MediConnect’s personal health record portal, myMediConnect, launched an enhanced wellness tracker and began offering a free drug discount card.

The company has seen more than 2,000 percent growth in its healthcare division since 2007 and overall growth of over 1,500 percent since 2004, the first measurement year of its initial Deloitte award. In August, MediConnect was also named to the Inc. 5000 list of fastest growing companies for the fifth year straight. The company was also recently recognized as one of Utah’s fastest growing companies of 2011, ranking No. 55 on the Utah 100 list by Mountain West Capital Network and No. 23 on the Utah Business magazine Fast 50 list.

For additional detail on the Technology Fast 500 including selection and qualifying criteria, visit www.fast500.com.

MediConnect Global recently announced the availability of an enhanced module within its proprietary cloud-based RapidReview workflow system that improves the ease with which health plans can validate provider claims data. MediConnect counts four of the top five health plans in the United States among its clients.

The new Provider Claims Coding Validation and Scoring module easily imports the pertinent claims information such as diagnostic codes and dates of service into an online coding form. A coder then can either validate each ICD-9 code billed by the physician or capture any errors and omissions coded by the physician. This new module simplifies the review process for any coder.

"In order to ensure proper claims submissions, it is vital that not only are the correct diagnostic codes used, but that each date of service has all the required information, such as signatures and documentation," said Amy Rees Anderson, CEO of MediConnect. "By isolating the necessary information, coders are able to quickly review the quality of the providers coding and determine where additional provider education and follow-up is needed."

The new module also generates provider scorecards that show health plans how effective each of their providers are at coding their charts. Additionally, health plans can produce educational reports to give their physicians that indicate what areas need improvement in order to improve their overall coding quality.

"The healthcare system is a complex infrastructure with many moving parts, and the provider score card and educational reports are great tools for health plans to monitor compliance and measure accountability," added Anderson. "Being able to identify the areas of improvement for a physician and provide guidance on how to achieve it will help eliminate coding errors, which leads to better physician documentation and the submission of more accurate claims."

MediConnect Global Inc. today announced it has added one of the most prominent U.S. life science entrepreneurs and investors, Dinesh Patel, Ph.D., to its board of directors. 

"We are honored that Dinesh has agreed to serve on the MediConnect Global board of directors," said Amy Rees Anderson, CEO of MediConnect Global. "Dinesh is a true health sciences visionary, with extensive experience in helping companies elevate their value and performance. His wisdom and guidance will be invaluable in helping us further our position as the leader in global healthcare and consumer markets."   

"I am delighted to join the MediConnect Global board of directors, serving alongside extraordinary business leaders in helping direct this dynamic company," said Patel. "With its superb leadership team, innovative technology and forward-thinking business model, I have no doubt that MediConnect is poised for sustained growth and industry leadership."  

Patel is widely recognized as a leading innovator of biotechnology and pharmaceuticals in the Mountain West. Patel co-founded the successful biotech company Theratech Inc. and served as president, CEO and chairman from 1985 until 1999, when the company was acquired by Watson Pharmaceuticals. He helped found WellCare in 1997, providing financing and strategic direction. He also founded Ashni Naturaceuticals Inc., which he led from 1999 to 2004, and co-founded Salus Therapeutics Inc., a novel gene therapy-focused biotech company that was acquired by Genta Inc. in 2003. After investing in more than 20 life science/technology companies, Patel co-founded vSpring Capital, one of the Mountain West's leading early-stage life science and technology investment firms, where he has led more than a dozen investments. He currently serves as chairman of the governing board of the Utah Science Technology and Research initiative (USTAR) and as a board member on a wide variety of non-profit organizations.

During the course of his career, Patel has been granted 15 U.S. patents and foreign counterparts. He has been recognized with numerous awards for his accomplishments and service to humanity, including: induction into the Utah Technology Council Hall of Fame; the Mountain West Capital Network's Utah Entrepreneur of the Year award; the US Small Business Administration's Business Achiever Award; the State of Utah's Scientific and Technology Award; and the Scientific and Technology Development Pioneer of Progress Award. A native of Zambia, Patel was honored with the Ellis Island Medal of Honor and is a charter member of The Indus Entrepreneurs (TiE).   

MediConnect Global is a worldwide leader in medical record retrieval, digitization and workflow management technology and services. With its patented, best-in-class technology and the industry's largest health records database "“ approaching 10 million strong "“ the company has established a large and expanding client base that includes four of the five leading U.S. health insurers. The company has achieved sustained revenue growth, having grown its revenues more than 1,100 percent during the past six years, ranking it in the top 175 in the Deloitte Technology Fast 500 top-growing technology companies in North America, and achieved the distinction of appearing on the Inc. 5,000 list for the past four successive years.  

Patel joins a group of globally renowned industry leaders on the MediConnect Global board. Other members include prolific serial entrepreneur James Lee Sorenson, who serves as chair; industry and investment leader Alan Hall, founder and chairman of MarketStar; Charles Johnson of Leavitt Partners, former acting secretary of the U.S. Department of Health and Human Services (HHS); Scott Parker, who served as the first president of Intermountain Healthcare from 1975 until 1998 and is past president of the International Hospital Federation and the American Hospital Association; and MediConnect Global CEO Amy Rees Anderson.

MediConnect Global today joins thousands of people from many different groups and organizations volunteering their time and services in support of the people and clean up of the Gulf hurricane disaster areas by donating digitized back up copies of archived medical records to those who may have lost their paper medical records due to the storms.

MediConnect has retrieved or received requests to retrieve thousands of medical records from organizations in the areas most affected by Hurricane Ike, Hurricane Gustav, and Tropical Storm Fay. MediConnect will donate digitized copies of medical records to individuals, physicians, hospitals, law firms, insurance carriers or independent agents located in the designated disaster areas who submit a request accompanied by a HIPAA-compliant patient authorization. Those who need their records can go to www.mediconnect.net to begin the process of getting any records that may be in MediConnect's archive.

MediConnect's donations join many relief efforts from people, churches, and other organizations providing help in the devastated areas.

MediConnect has an extensive archive of digitized medical records"”records that were previously retrieved. If people or healthcare organizations within the disaster areas need to replace any medical records, MediConnect will donate free of charge any that it contains in its archives.

Simply go to the MedConnect Web site and click on the Hurricane Ike link. Fill out and submit a simple form and a MediConnect representative will contact you to coordinate any archived records the company may have.

If you a regular user of MediConnect’s RapidRetrieve, you’ll be very happy to know the company has recently updated the interface and added new features to make it easier than ever to use the system to quickly order, retrieve and manage your medical records.

Next time you login one of the first things you’ll notice is a picture and contact information of your assigned account manager. This should make it easier for you to reach your AM and adds a personal touch so you know better who you are working with. You will also notice navigation is more intuitive as you place your orders.

In addition, new features have been added including:

• Excessive Fee Batch Approval/Denial–This feature allows you to set an approved provider fee limit associated with your pay-as-you-go payment options. If the provider fee of a medical record will be over the approved set fee, your approval will be needed. When this occurs a window opens allowing a user to approve or deny fees in batches simply by clicking convenient check boxes.
• Mouse-over notes–Whenever you place your mouse over the Request ID number within RapidRetrieve, you’ll automatically see the last three notes on the request. This is beneficial for the Excessive Fee feature and enhances the ability to quickly review “need more information” notes without opening additional windows.
• Inter-Office Notes–You can now write inter-office notes directly in RapidRetrieve. This allows you to write notes to others in your office to coordinate activity, or as a reminder to yourself.
• Electronic Invoicing–You can now choose to receive electronic invoices in RapidRetrieve. The electronic invoices are easy to read and understand, summarize all outstanding invoices for efficient invoice tracking, can be downloaded in either PDA or CSV format, and are automatically encrypted and decrypted for secure delivery. (A small fee will now be charged for paper invoices.)
• Pay-as-you-go–RapidRetrieve now provides a convenient pay-as-you-go payment option making it faster for you to access ordered records. You can choose either auto-pay, which automatically bills a cred card on file, or manual pay, which bills a credit card when records are ready to download.