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CARECENTRIC, INC.
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FOR IMMEDIATE RELEASE CONTACT: Mark A. Kulik
Senior Vice President
Sales & Marketing
(678) 264-4400
CareCentric's new Windows-based Home Health Care System Brings
Strong, Affordable, Scheduling and Compliance Tracking to
Private Duty, Staffing and Medicare-Certified Agencies
CareCentric's AC-CURA(TM)geared to agencies focused
on high-performance bottom line
ATLANTA, GA (FEBRUARY 24, 2003) CARECENTRIC, INC. (OTC BB: CURA.OB), a leading
provider of management information systems to the home health care community,
today announced the availability of AC-CURA(TM), a windows-based, feature-rich
billing and operations management system that brings control, flexibility and
ease of use to the home care industry in an affordable and fast implementation
package. One unique feature is AC-CURA's comprehensive scheduling system
designed with a color-coded, click and drag format for fast identification and
scheduling. Enhanced features enable agencies to schedule multiple shifts or
visits, easily match skills to employee and client preferences and enable access
by multiple schedulers. Compliance validation tracking features prevent both
private duty and certified agencies from scheduling employees that do not meet
agency compliance rules.
"The AC-CURA(TM) system is designed to help agencies closely monitor, manage,
and enhance their financial performance," said John R. Festa, CareCentric's CEO
and President. "AC-CURA's strength lies in its simplicity. As information is
automatically passed from doctor's orders to scheduling to electronic billing
and payroll, AC-CURA(TM) provides many opportunities along the way for
compliance checks and visit validation. These crucial check points ensure that
each step is completed correctly the first time. The results - speedy, precise
intake, scheduling and billing and increased cash flow."
"While most systems address the needs of a specific line of business,
AC-CURA(TM) system features meet the needs of licensed and/or certified
agencies", added Mr. Festa. "We believe that this fact combined with overall
system functionality, cost-effective hardware, fast implementation and training
and an affordable price tag creates an overall package that produces a
significant return on investment for any agency."
AC-CURA(TM) runs on Windows 95/98/NT/2000/ME/XP and is designed with a
streamlined GUI-applications format that offers agencies easy access to the data
they need at every level for critical decision making, increased productivity,
informative performance outcomes and improved quality of care. AC-CURA(TM)'s
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application design promotes efficient system utilization by enabling user access
based upon specific roles and responsibilities in billing, scheduling, and care
management. Powerful employee, client, and payer management and scheduling
functionality offer multiple compliance validation checks of physician orders
and payer authorization limits and ensure that only verified visit data is
forwarded to payroll and billing. A comprehensive billing system allows
payer/client-pricing structure, payer billing periods and re-bill capability.
Flexible reporting features include many standard reports geared to keeping
agencies informed on their current financial status. AC-CURA integrates OASIS
and PPS into the workflow for all patient Medicare services. The system meets
all current HIPAA regulatory requirements.
The name AC-CURA(TM) is derived from the Latin root "CURA" which means
management and care. The prefix "AC" is a derivative of the word accurate. The
combination of both root terms, into AC-CURA, truly represents the essence of
CareCentric's new system - accurate home care management. The new product is
associated with a new company tagline - SPEED. PRECISION. RESULTS - and
represents the company's mission to provide advanced solutions and services that
are easy to use, fast, accurate and that consistently provide a positive return
on investment.
The AC-CURA(TM) solution is designed for both single or multi-office locations
and is especially cost-effective for small to mid-size agencies. Agencies can be
up and running on AC-CURA(TM) in as little as five weeks. In addition,
AC-CURA(TM) is available with CareCentric's Visit Assistant(TM) clinical PDA
system as well as with Santrax(TM), the nation's leading telephone time and
attendance solution.
CareCentric provides information technology systems and services to over 1,500
customers. CareCentric provides freestanding, hospital-based and multi-office
home health care providers (including skilled nursing, private duty, home
medical equipment and supplies, IV pharmacy and hospice) complete information
solutions that enable these home care operations to generate and utilize
comprehensive and integrated financial, operational and clinical information.
With offices nationwide, the company is headquartered in Atlanta, Georgia.
Note regarding Private Securities Litigation Reform Act: Statements made in this
press release which are not historical facts, including projections, statements
of plans, objectives, expectations, or future economic performance, are forward
looking statements that involve risks and uncertainties and are subject to the
safe harbor created by the Private Securities Litigation Reform Act of 1995.
CareCentric's future financial performance could differ significantly from that
set forth herein, and from the expectations of management. Important factors
that could cause CareCentric's financial performance to differ materially from
past results and from those expressed in any forward looking statements include,
without limitation, the inability to obtain additional capital resources,
variability in quarterly operating results, customer concentration, product
performance and acceptance, long sales cycles, long and varying delivery cycles,
CareCentric's dependence on business partners, emerging technological standards,
risks associated with acquisitions and the risk factors detailed in
CareCentric's Registration Statement on Form S-4 (File No. 333-96529) and from
time to time in CareCentric's periodic reports filed with the Securities and
Exchange Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates.
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INVESTOR NOTICE
If CareCentric proceeds with a proposed merger described previously, then
it will file with the SEC a proxy statement and other relevant documents
concerning the merger. Investors of CareCentric are urged to read the proxy
statement when and if filed and any other relevant documents filed with the SEC
because they will contain important information. You will be able to obtain the
documents free of charge at the website maintained by the SEC at www.sec.gov. In
addition, you may obtain documents filed with the SEC by CareCentric free of
charge by requesting them in writing from Ana McGary at CareCentric, Inc., 2625
Cumberland Parkway, Suite 310, Atlanta, GA 30339 or by telephone at (678)
264-4400.
CareCentric, its directors and executive officers and certain of their
employees and the investor group described previously may be deemed to be
participants in the solicitation of proxies from the stockholders of CareCentric
in connection with the merger, if consummated. These participants may have
interests in the merger, if consummated, including interests resulting from
holding options or shares of CareCentric common stock. Information about the
interests of directors and executive officers of CareCentric, the investor
group, and their ownership of securities of CareCentric will be set forth in the
proxy statement, when and if filed.
Investors should ready the proxy statement carefully when and if it becomes
available before making any voting or investment
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