MediKredit and US subsidiary, XeoHealth, announce ICD-10 compliant Real Time Adjudication engine, XeoRules, for Electronic Records Management in the US

Thursday June 4, 2009

SAN DIEGO, June 4 /PRNewswire/ -- XeoHealth®, a healthcare technology pioneer dedicated to the use of Information Technology to automate complex healthcare processes and reduce healthcare administrative costs announced today at the American Health Insurance Plan (AHIP) annual conference in San Diego the official launch in the US of XeoRules(TM), its proven Real Time Adjudication (RTA) rules engine.

XeoHealth® and its parent company MediKredit (Pty) Ltd of South Africa pioneered the development and implementation of true Real Time Adjudication (RTA) solutions for the end-to-end electronic processing of medical claims information. XeoHealth®'s flagship product Xeo-Rules(TM), a flexible rules engine used worldwide by more than 120 health plans. The solution has been featuring ICD-10 capability for almost 10 years and is ready for the US Healthcare market with the current and newly mandated HIPAA EDI transactions. The company is ISO 9001 certified for the design and development of healthcare software applications.

"The path to Healthcare Reform is paved with fiscal responsibility and accountability - already proven in the international community - real time adjudication is a foundational component to healthcare financial reform. Achieving significant administrative cost savings while alleviating the administrative burdens for all healthcare stakeholders and delivering a better patient experience at the point-of-service is our mission" said XeoHealth®'s President Laurent Amouyal.

Lisa Miller, XeoHealth® Chief Information and Compliance Officer added: "The industry is currently embarking on the path of healthcare reform while also on the path of massive changes due to regulatory mandates. These mandates include the transition from ICD-9-CM to ICD-10-CM, the implementation of ICD-10 PCS and the HIPAA mandated 5010 EDI standards. Xeo-Rules(TM) is of great value to payers that are looking to implement 5010, ICD-10 while reducing costs with real-time utilizing their existing administrative processes and adjudication systems". Miller serves on the Board of Directors for the Workgroup for Electronic Data Interchange (WEDI) representing X12, also serves as a co-chair on the SNIP ICD-10 Committee, WEDI/X12 RTA and WEDI/X12 Companion Guide Committees.

Wimpie du Plessis, CEO of MediKredit concluded: "South Africa faced many of the same healthcare reform challenges currently experienced in the US. Our highly scalable solutions which include XeoRules(TM) have been developed and continuously improved to meet the evolving demands of healthcare reform. The resulting collaborative environment in which payers and providers, empowered by the seamless use of Information Technology, became the foundation for the emergence and growth of a patient centric healthcare community in South Africa, while curtailing Administrative and Managed care costs. We are thrilled that such proven capabilities which are ICD 10 compliant and now fully HIPAA enabled, can be deployed in the US".

About XeoHealth®

XeoHealth® and its parent company MediKredit Integrated Healthcare Solutions (Pty) Ltd of South Africa are healthcare technology pioneers dedicated to the use of Information Technology to automate complex healthcare administrative processes and reduce healthcare administrative costs. XeoHealth® is committed to the success of true Real Time Adjudication (RTA) solutions for the end-to-end processing of health care administrative and claims information. XeoHealth®'s flagship product, Xeo-Rules(TM), a flexible rules engine is used worldwide by more than 120 health plans. The solution has been featuring ICD-10 capability for almost 10 years and is ready for the US Healthcare market with the current and newly mandated HIPAA EDI transactions. The company is ISO 9001 certified for the design and development of healthcare software applications.

For more information visit: www.xeohealth.com

If you would like further information about XeoHealth Corporation and are a member of the media or associated with a trade publication or health care industry-related firm, please contact us at: press@xeohealth.com or on +1 (617)....