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FOR IMMEDIATE RELEASE
CONTACT: Synertech Corporate Communications
Heidi Irwin 717-703-6349 Amy
Kelchner 717-703-6177
hirwin@synertechsystems.com
akelchner@synertechsystems.com
SYNERTECH(®) ADDS MICRO-DYN DRGACTIVE SOFTWARE TO ITS GROWING ASP PORTFOLIO
HARRISBURG, Pa. (Aug.14, 2000) - Synertech(®), a premier applications services provider
(ASP) and administrative outsourcer to the health care industry, has signed a licensing
and reseller agreement with Micro-Dyn Medical Systems, Inc. to add DRGActive()
Enterprise DRG Control software to its administrative outsourcing and application
services.
Headquartered in Carmel, Ind., Micro-Dyn develops and markets Medicare-related software
and component products.
DRGActive is Windows(®)-based diagnostic grouping software that will
be integrated into Synertech's advanced health care payer application, adding depth and
performance to its ASP and outsourcing solutions.
The addition of DRGActive, a high-performance ActiveX component for DRG calculation, adds
significant value for Synertech's customers in the Medicare market and expands its growing
portfolio of health care payer applications.
CMS requires use of its diagnosis related group (DRG) codes for Medicare claims
processing. By using this software, which is fully CMS compliant, Synertech will be able
to incorporate DRG weighting factors into its processing to allow computation of Medicare
reimbursements for hospital stays. DRGActive is designed for large-scale enterprise health
care applications and integrates with Web-based applications.
"The opportunity to partner with a company that has a proven track record in the
health care industry is a plus for us," said William Voss, Micro-Dyn president and
CEO. "Synertech is already an industry leader in providing excellent claims
processing services, and having DRGActive incorporated into its service offering gives
health care organizations access to critical software on a high performance technology
platform without the capital investment and upkeep."
"Being able to offer health care organizations the ability to perform complex DRG
calculations enhances our expanding, Windows-based ASP portfolio offerings," said
Steve Rock, Synertech president and CEO. "We think Micro-Dyn is most compatible with
our leading-edge technology platform, and we're pleased to offer it to current and
prospective customers through tailor-made ASP administrative outsourcing
arrangements."
Synertech
Synertech (www.synertechsystems.com),
incorporated in 1986, is a premier application services provider (ASP) and administrative
outsourcer to the health care industry. Synertech offers application hosting; scanning and
imaging services; claims and administrative processing; and consulting and implementation
services. Synertech supports a multi-million-membership base through its outsourcing,
application services and system maintenance customers that do business in the commercial,
Medicaid and Medicare markets, including new delivery models such as defined contribution
plans. Synertech has offices in Harrisburg, Pa., and Bloomington, Minn. It is owned by
Platinum Equity Holdings.
Platinum Equity Holdings
Platinum Equity Holdings of Los Angeles (www.peh.com)
has been recognized as one of the largest and fastest growing privately held IT companies
in the United States by both Forbes and BusinessWeek magazines. The billion-dollar
investment corporation, which currently owns 14 technology driven companies, specializes
in acquiring and operating mission-critical technology organizations and
technology-enabled service companies throughout the world.
Micro-Dyn Medical Systems, Inc.
Micro-Dyn Medical Systems, Inc., founded in 1989, develops and markets the DRGware(tm)
line of DRG component products that also includes APCActive( Medicare Outpatient grouping
and PRICERActive( Medicare reimbursement components along with ICD9/CPT encoding products
for health plans, hospitals, insurers, health system vendors, managed care organizations
and other health-related organizations. For further information, visit the corporate Web
site at www.microdynmed.com.

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