Press Releases
For your convenience, each Precyse Solutions press release is available in .PDF format and can be downloaded at the end of each article. You can also browse press releases from previous years.
2008
Precyse Solutions Appoints James Matas as Vice President and Chief Financial Officer
New executive brings extensive health care industry experience
Wayne, PA, June 2, 2008 – Precyse Solutions, the leader in driving peak performance within Health Information Management (HIM) departments of hospitals and large health care providers, today announced the appointment of James Matas as its new Vice President and Chief Financial Officer. Mr. Matas will be responsible for all of the company’s financial functions as well as working closely with investors and clients. Download this article.
Precyse Solutions Closes Recapitalization Event with Altaris Capital Partners and NewSpring Capital
Liquidity event expected to help company drive future business initiatives
Wayne, PA, May 6, 2008 – Precyse Solutions, the leader in driving peak performance within Health Information Management (HIM) departments in U.S. hospitals and health care providers, today announced that Altaris Capital Partners, a health care private equity firm based in New York City, and NewSpring Capital, a leading provider of private equity capital to the Mid-Atlantic region, have recapitalized the company with management to lead to further growth and expansion. Altaris and NewSpring will be taking over majority interest in Precyse from its two New York City based private equity firms, Liberty Partners and Toronto Dominion Capital, who were Precyse’s initial founding investors in 1999. Download this article.
Precyse Solutions Appoints Karen Heisler as New Corporate Vice President, Human Resources
New Executive brings extensive experience in both healthcare and human resources
Wayne, PA, April 16, 2008 – Precyse Solutions, the leader in driving peak performance within Health Information Management (HIM) departments, today announced the appointment of Karen Heisler as Corporate Vice President of Human Resources. She joins Precyse from Pegasus Communications where she served as Senior Vice President of Human Resources and Administration. With over 25 years of human resources experience including 15 years of healthcare experience, Karen is an expert in her discipline. Download this article.
Precyse Solutions Launches Clinical Documentation Improvement Program To Assist Hospitals in Accelerating Revenues
Precyse Enhances Its CDI Program Utilizing the Expertise of Two Industry Veterans
Wayne, PA, April 15, 2008 – Precyse Solutions, the leader in driving peak performance within Health Information Management (HIM) departments, has added even more depth to its already robust service offerings and highly qualified team of HIM experts. Noted professionals Sue Muse, RHIA and Deborah Worthington, RHIT have been recruited to lead and implement the development of Precyse’s Clinical Documentation Improvement (CDI) Program. The Precyse Program provides a mechanism for communication and collaboration among physicians, nurses, coders and other integral members of the healthcare team to secure complete clinical information that most accurately reflects the illness and treatment of the patient. Customers who fully deploy this program will experience the most appropriate and accurate coding and MS- DRG assignment resulting in appropriate and complete reimbursement for care delivered. By eliminating coding errors and improving clinical documentation, Precyse’s CDI Program avoids delays in reimbursement, ultimately accelerating revenue received. Download this article.
Precyse Solutions Promotes Ken Lacy to Senior Vice President & CIO to Drive Advancement of PrecyseNet™, Precyse’s Advanced Technology Solution
Lacy’s health care industry expertise has led Precyse to a leadership role in Health Information Management and Technology that Reduces Operating Costs and Accelerates Revenues for Hospitals
Wayne, PA, March 10, 2008 – Precyse Solutions, the leader in driving peak performance within Health Information Management (HIM) departments, today announced the appointment of Ken Lacy as Senior Vice President and Chief Information Officer. Joining Precyse in 2000, Lacy previously held the position of Corporate Vice President and CIO for the Company, where he led the implementation of the unique and highly regarded PrecyseNet™ platform system. A proven leader of people, ideas and innovation, Lacy will now take on the additional responsibility of the formal creation of Precyse’s Product Management function, where he will make further improvements and enhancements to PrecyseNet and the Company’s on line remote coding application, PrecyseCode 2X™, by implementing front-end Automated Speech Recognition (ASR), virtual chart and chart storage. Download this article.
2007
Baptist Health System of Alabama Uses Precyse Solutions to Avoid 20% Coder Productivity Loss by Addressing New DRG System Early
Precyse delivers comprehensive solution for all Health Information Management (HIM) department challenges resulting from new MS-DRGs
Wayne, PA – October 9, 2007 – Precyse Solutions, the leader in driving peak performance within HIM departments, today announced its success in assisting Baptist Health System (BHS), one of the largest healthcare systems in Alabama, in their effort to prepare for the pending Medicare severity adjusted diagnosis related groups (MS-DRGs) effective October 1, 2007. BHS estimates that they prevented a 10-20% coding productivity loss, which equates to significant dollars in delayed cash flow to the system, by addressing the new MS-DRGs early.
Download this article.
Precyse Solutions Introduces the Precyse Performance Benchmark™ to Establish HIM Best Practices
Precyse enables peak performance by establishing benchmarks and a mechanism for best practice sharing
Wayne, PA – October 8, 2007 – Precyse Solutions, the leader in driving peak performance within Health Information Management (HIM) departments, today announced its introduction of the Precyse Performance Benchmark, a dashboard that enables HIM departments to benchmark themselves against other HIM departments in order to improve cash flow, reduce operating costs, ensure regulatory compliance and improve patient safety.
Download this article.
Precyse Executive Authors New Book, The Legal Health Record
Precyse Solutions’ Cheryl Servais, MPH, RHIA, VP of Compliance and Privacy Officer, new book summarizes current standards for a legal health record
Wayne, PA – October 8, 2007 – Precyse Solutions, the leader in driving peak performance within Health Information Management (HIM) departments, today announced that its Vice President of Compliance and Privacy Officer, Cheryl Servais, MPH, RHIA, authored The Legal Health Record.
Download this article.
Ingenix and Precyse Form Strategic Partnership to Help Hospitals Manage New CMS Regulation Changes
Leading HIM technology and services providers join forces to improve HIM departments’ performance under new MS-DRG regulations
Eden Prairie, MN and Wayne, PA – September 19, 2007 – Ingenix, a leading health information technology company, and Precyse Solutions, a leader in health information management (HIM) services and technologies, today announced a strategic partnership to provide hospitals with a comprehensive solution to manage coding, regulatory compliance and reimbursement and deliver audit and education services to address the Medicare Severity-Adjusted Diagnostic Related Groups (MS-DRGs) regulations going into effect October 1, 2007.
Download this article.
Enhanced PrecyseCode 2X™ Further Accelerates Remote Coding and Improves Cash Flow for Hospitals
Software optimizes coding accuracy and turn-around time for reimbursement
Wayne, PA – September 10, 2007 – Precyse Solutions, a leader in health information management (HIM) services and technologies, today announced major enhancements to their remote coding capabilities with PrecyseCode 2X.
Download this article.
Precyse Expands Transcription and Remote Coding Services to Include Automated Speech Recognition
- Expanded technologies will maximize workflow, efficiency and reliability
- PrecyseNet™ technology platform is the first and only software platform to support coding, transcription and ASR on single, secure, web-based platform
Philadelphia, PA – June 25, 2007 – Precyse Solutions, a leader in health management information services and solutions, today announced the expansion of its transcription and remote coding services to include Automated Speech Recognition (ASR).
Download this article.
Precyse Introduces Audit and Education Services for DRG Regulation Changes
Services enable hospitals to benchmark preparedness and successfully train for new MS-DRG regulations
Philadelphia, PA – June 25, 2007 – Precyse Solutions, a leader in health management information services and solutions, today announced the availability of audit and education services related to the new coding requirements associated with Medicare Severity Adjusted Diagnostic Related Groups (MS-DRGs) currently planned to go into effect in October 2007.
Download this article.
Precyse Solutions Announces Marquee Client Award Winners
Five Hospitals Presented with Prestigious Award in Five Categories of HIM Services
Wayne, PA, June 12, 2007 - Precyse Solutions, LLC, one of the largest outsourced health information management (HIM) services and technologies companies in the U.S., announced the winners of the prestigious Marquee Client Award for 2006.
Download this article.
Precyse Solutions Announces Acquisition of Morgan Stewart Consulting
Wayne, PA, March 6, 2007 – Precyse Solutions, LLC, one of the largest outsourced health information management (HIM) services and technologies companies in the U.S., announced today the acquisition of Morgan Stewart Consulting, Inc. The completion of this acquisition will expand Precyse Solutions’ client base in the Southeast and add Charles and Margaret Morgan Stewart, RHIA.
Download this article.
Precyse Solutions Adds Klusky and Guthrie To Advisory Council
Wayne, PA, January 30, 2007 – Precyse Solutions announced today, the addition of Jerome Klusky, CPA and Michael B. Guthrie, MD, MBA, to the Precyse Advisory Council (PAC). The nine-member PAC team offers high-level input and industry advice on the strategic positioning and direction of Precyse Solutions. The PAC, led by Board member Alan Weinstein, helps Precyse by developing new business opportunities and sharing their business and industry expertise and relationships.
Download this article.
Precyse Solutions Appoints Healy to President
Wayne, PA, January 17, 2007 – Precyse Solutions today announced the promotion of Robert E. Healy Jr. to president of Precyse Solutions. He will be responsible for managing overall operating organization and resources at Precyse Solutions. Healy will report to Jeff Levitt, Precyse’s chairman, CEO and founder.
Download this article.