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OrthoArkansas Joins Growing List of Leading Orthopedic Groups Leveraging Athenahealth's National Physician Network and On-Demand Services

Posted on: Tuesday, 16 September 2008, 09:00 CDT

athenahealth, Inc. (NASDAQ: ATHN), a leading provider of internet-based business services to physician practices, today announced that a leading orthopedics and sports medicine group, OrthoArkansas, is now leveraging athenahealth's on-demand practice management and billing service, athenaCollector(SM), for its physician organization.

"We have seen a number of leading orthopedic groups move away from software-based practice management systems and select athenahealth's network-based services in order to increase operational performance and the overall patient experience," said Bill Greene, Chief Executive Officer of OrthoArkansas. "As a leading and growing group, we did not want to sustain the costs associated with traditional software, so a web-hosted, service-based solution like athenaCollector was the obvious choice we felt would allow us to focus on optimizing our staff and multiple locations."

"Our network-based services are designed to provide consistent and measurable results as well as a greater level of transparency, which is especially critical for a multi-facility specialty organization like OrthoArkansas and a core factor in why we are seeing more and more medical groups move away from trying to optimize stagnant software-only solutions," said Jonathan Bush, Chairman and CEO of athenahealth.

athenaCollector is a physician revenue cycle management offering that integrates web-based practice management software, continually updated payer knowledge, and back-office processing specialists into a single service. athenahealth's proprietary payer and clinical rules engine, athenaRules(SM), is a real-time database of payer rules and regulations with new rules being continuously added. The claims engine helps catch and correct billing errors before they are submitted in claims and lead to denials. The results can include increased collections, faster reimbursement cycles, and reduced administrative headaches for physician practices.

"We are thrilled to see one of the leading orthopedic practices in Arkansas select athenahealth's on-demand practice management and billing platform. This is another validation that the Arkansas Medical Society made the right choice when it decided to partner with athenahealth. The AMS doesn't make a habit of recommending preferred companies, but in the case of athenahealth, the potential benefit to our medical groups in terms of improving their operational and financial success is tremendous and sets them apart from other companies," said David Wroten, Executive Vice President of the Arkansas Medical Society. "We are also honored to have athenahealth's Chairman and CEO, Jonathan Bush as a keynote speaker at the upcoming Arkansas MGMA Conference discussing the positive results network-based business services are delivering for medical groups in our state and across the country."

The Arkansas MGMA event will be held on September 17-19th at the Inn of the Ozarks in Eureka Springs. Jonathan Bush will be speaking on Thursday, September 18th from 9:00-10:00am and 10:30-11:30am. For more information about the Arkansas MGMA, please call Patty Andrews at (800) 981-6462.

About OrthoArkansas

For over 50 years, OrthoArkansas surgeons have been pioneers in bringing orthopedic surgery and sports medicine to Arkansas. OrthoArkansas is one of the largest providers of orthopedic services in the state. For more information visit www.orthoarkansas.com or call (800) 264-5633.

About The Arkansas Medical Society

The Arkansas Medical Society (ArkMed) is the nonprofit organization representing organized medicine in the state of Arkansas. ArkMed is a constituent of the American Medical Association. ArkMed is a leader in developing and promoting legislation beneficial to the health care community. ArkMed's membership consists of more than 4,500 doctors in all fields of medicine. ArkMed is online at www.ArkMed.org.

About athenahealth

athenahealth is a leading provider of internet-based business services for physician practices. The Company's service offerings are based on proprietary web-native practice management electronic medical record (EMR) software, a continuously updated payer knowledge-base and integrated back-office service operations. For more information visit www.athenahealth.com or call (888) 652-8200.

This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Private Securities Litigation Reform Act of 1995, including statements regarding the benefits of the athenahealth's service offerings. These statements are neither promises nor guarantees, and are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things: the risk that our services offerings will not operate in the manner that we expect, due to design flaws, security breaches or otherwise; potential interruptions or delays in our internet-based services offerings; our reliance upon third parties, such as computer hardware, software, data-hosting and internet infrastructure providers, which reliance may result in failures or disruptions in our service offerings; errors or omissions included in our payer and clinical intelligence rules engine and database; and the evolving and complex government regulatory compliance environment in which we and our clients operate. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. athenahealth, Inc. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by athenahealth, Inc., see the disclosure contained in our public filings with the Securities and Exchange Commission.

Source: Business Wire

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