January 23, 2008

MedSynergies’ Unbundled Services Assists Billing Organization as it Enters the Healthcare Financial Management Industry

Practice Management Dynamics partners with MedSynergies to launch healthcare financial management business with its new client Medical Center Anesthesia

DALLAS – January 23, 2008 – MedSynergies Inc., a leading provider of healthcare revenue cycle services and technology including advanced analytics and reporting platforms, was selected by Practice Management Dynamics, a healthcare financial management company, to provide unbundled services, including technology services and analytics to assist in developing the foundation for a new business.

Based in Algonquin, Ill., Practice Management Dynamics went live on January 7, 2008, with MedSynergies’ unbundled revenue cycle management (RCM) services, including:

• Application service provider (ASP) access to the GE Centricity® Group Management (formerly IDX® Groupcast®) System
• Electronic claims submission and remittance
• Business analytics

“These services will assist in the financial management of Practice Management Dynamics’ first client, Medical Center Anesthesia, a physician group in Hoffman Estates, Ill., with more than 30 providers.”

“Starting a small business in the healthcare industry, I wanted to focus my investments on other business needs, and I could afford to do so and still invest in software with the help of MedSynergies services,” said Amy Rogers, founder and president of Practice Management Dynamics. “Because of MedSynergies’ advanced technology and financial solutions, consistent track record, and positive recommendations, I’m confident the relationship will help achieve our goals for business growth and profitability.”

MedSynergies’ unbundled approach offers discreet segments of its complete RCM solution that enhance existing solutions to meet the unique needs of healthcare billing organizations more flexibly and quickly. These services include payment processing, secondary claims production, a denial management system, self-pay services, Web-based reporting, technology services and consulting.

““We’re extremely pleased that we’ve built a trusting relationship with Amy Rogers, who has the confidence to partner with us to launch her new business venture,” said John R. Thomas, president and CEO of MedSynergies. “Offering our unbundled services enables us to address the financial management needs of Practice Management Dynamics, while maintaining a cost-effective solution for her new business. Tailoring elements of our complete RCM solution benefits healthcare organizations and quality of patient care, and we’re pleased it will help improve processes and cash flow, resulting in a healthier bottom line for this company.”

MedSynergies’ scalable and robust suite of medical-oriented business services provides mission-critical, tailored operations analysis, improvements and systems to enable cost and revenue improvements for more than 50 physician specialties, including anesthesiology.

About MedSynergies, Inc.
MedSynergies is a privately held provider of revenue cycle management and consulting services, business process analysis and software integration that improve the daily operations of healthcare organizations including solutions tailored to the GE Centricity® Group Management (formerly IDX® Groupcast®) billing environment. Dedicated to enhancing the strategic, financial and operating environment of physician clients, MedSynergies serves clinics, hospitalists, specialty medical groups, healthcare billing organizations and ambulatory surgical centers, nationwide. MedSynergies evaluates and implements enhanced processes and information systems that increase the overall quality of the physician practice and central billing office environment through improved billing and collections, reduced costs and operational advisory services. Founded in 1996 and based in Irving, Texas, MedSynergies has approximately 240 employees in offices across the United States. More information on MedSynergies is available at http://www.medsynergies.com. MedSynergies’ Revenue Cycle Management solutions are detailed at www.medsynergies.com/revenue-cycle-management.asp.

About Practice Management Dynamics
Based in Algonquin, Ill., Practice Management Dynamics is a privately held company providing physician practices with healthcare financial management services, including payment processing, accounts receivable follow-up, business analytic metrics and staff training. Practice Management Dynamics has been in development since June 2007, and the company went live with its first client, Medical Center Anesthesia, a physician group in Hoffman Estates, Ill., on January 7, 2008. Please contact Practice Management Dynamics at 847-989-2721 for additional information.

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