ProVation Medical Releases Sixth Generation of ProVation MD Multi-Specialty Procedure Documentation & Reimbursement Coding Platform; More than 3,000 MD Hours Invested in Development

MINNEAPOLIS, MN, July 1, 2004 --ProVation® Medical, Inc. announced today the release of its sixth generation of ProVation MD multi-specialty clinical procedure documentation and coding compliance software. Version 4.1 is now available to new customers and to the company’s installed base of over 3,500 clinicians at more than 235 hospitals and ambulatory surgery centers (ASCs). To date, more than 5 Million clinical procedure notes have been created with ProVation software.

ProVation® MD software replaces the inefficient dictation/transcription approach and streamlines the coding and billing process. Driven by deep medical content, ProVation MD allows clinicians to quickly and completely document medical procedures and apply the appropriate CPT and ICD codes, as well as CCI edits.

New features in ProVation MD Version 4.1 include:

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  Close to 1,000 new procedure enhancements and changes to medical content in specialties including Gastroenterology, Pulmonology, Orthopedics, Pain Management and Urology
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  Documentation Wizard & Physician Preferences features – Innovative new methods for streamlining documentation of cases in Orthopedics, Pain Management and Urology, including multiple maneuvers within the same case
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  Implant Wizard-A new method of automating implant tracking in Orthopedics, Pain Management and Urology New interfaces with DICOM-enabled image capture devices from leading manufacturers Linvatec and Stryker, and an interface with Dianon Systems, Inc. for automated pathology results reporting
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  Internet-based downloading of quarterly coding and content updates that customers receive as part of their software maintenance agreements
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  Numerous enhancements to the ProVation MD patent-pending coding engine

"ProVation Medical’s unprecedented development team – which includes eleven full-time physicians and coders –is the key to our high client satisfaction and physician utilization rates,” said Arvind Subramanian, chief marketing and product development officer, ProVation Medical. “More than 3,000 MD hours have gone into the development and enhancement of already-rich medical content for ProVation MD Version 4.1 – with more than 500 additions to our orthopedics specialty alone."

“The new procedures and enhancements were based directly on research and customer feedback,” he continued. “As ProVation continues to grow into additional medical specialties, we are committed to meeting the latest medical advancements with the most up-to-date medical content and codes. Cardiology is our next specialty, with a general release in early 2005.”

About ProVation Medical, Inc.
ProVation Medical, Inc. (Minneapolis, MN), a leading healthcare software and services company, provides solutions that significantly enhance revenue and decrease costs per medical procedure. Hospitals and Ambulatory Surgery Centers that use ProVation Medical software (1) improve their coding accuracy resulting in a 5-25 percent improvement in reimbursement for their medical procedures, (2) eliminate transcription costs, and (3) consolidate and simplify all the major financial, clinical and administrative tasks that accompany each procedure. ProVation MD/RN software replaces inefficient dictation/transcription processes, producing complete, billing-ready, image- and diagram-enhanced documentation for multi-specialty clinical procedures. Through an innovative "Anticipatory Interface®", the software links deep medical content designed by ProVation's in-house 12-member physician and coding staff to compliant CPT/ICD/CCI-edit reimbursement codes, producing a comprehensive operative note. The result is coder-ready documentation delivering compliance, proper reimbursement, and shortened days in Accounts Receivable with an ROI ranging from 25-200% and payback within 12-20 months.

For more information contact:
Laura Gilbert
ProVation® Medical, Inc.
612.313.1506
laura.gilbert@provationmedical.com