Apollo Data Technologies Launches Healthcare Industry's First Automated Predictive Analytics Solution

CHICAGO, IL, Jun 15 (MARKET WIRE) --
Apollo Data Technologies, a leader in predictive analytics, has developed
a groundbreaking portfolio of web-based healthcare software solutions
that turn the arduous process of analyzing patient, clinical, and
financial data for billing inaccuracies into a streamlined, proactive and
profitable system.

The new software automates the detection of missing charges, sniffs out
underpayments, and continually flags claims that can increase revenue for
cash-strapped hospitals. Based on proven, predictive analytics technology
developed for Fortune 100 companies, the Apollo Data Technologies
automated solutions increase provider profitability by turning data into a
revenue-generating, time-saving resource that can yield hospitals and
health systems a net revenue increase of 1 to 2 percent on average.

"We chose Apollo Data Technologies because their predictive analytics
solutions could accurately, efficiently, and cost-effectively automate the
detection of underpaid accounts," stated David Hennigan, Presbyterian
Healthcare Services vice president of revenue cycle. "As a 20-year
healthcare veteran, I'm excited to see companies like Apollo developing
advanced technologies that can help hospitals increase operating cash
flow, which in turn allows us to reinvest in patient care."

The new software is built with an intuitive front-end designed for
layperson use, with web-based work-driver screens that provide billing
analysts with the account level detail needed to more effectively research
and appeal underpaid accounts or bill missed charges. Errant claims are
flagged, prioritized for follow-up by potential dollar recovery, and can
be chased down quickly and efficiently right in the software, eliminating
the time consuming and manual process of sifting through massive amounts
of data in multiple healthcare systems.

Delivered as Software as a Service (SaaS), Apollo's solutions are designed
to alleviate the burden and cost of hardware, software maintenance and
ongoing operations and support.

The Apollo Data Technologies portfolio of solutions includes:

-- Charge Recovery -- Detects missed charges, proactively prevents charge
capture leakage, and improves coding compliance.
-- Underpayment Recovery -- Indentifies underpaid accounts, detects
payment variances, and automates batch appeals.
-- Credit Balance Management -- Automates credit balance resolution,
reduces balance sheet risk and outstanding bad debt, and improves analyst
productivity.
-- AR Analytics -- Centralizes and processes all accounts, claims and
transactions to identify additional net revenue opportunities, filters the
current AR population to highlight accounts with true cash value and
continuously isolates at-risk accounts to minimize lost revenue.

"Apollo is breaking the healthcare industry mold by developing
technology that efficiently and expeditiously captures missed charges and
underpaid claims, which in turn puts additional revenue back into the
system," said Jeff Kaplan, chief executive officer, Apollo Data
Technologies. "Our goal is to bring this industry into the 21st century
by replacing antiquated software and convoluted processes with automated
predictive analytics that will reduce costly complexities and manual
inefficiencies in the revenue cycle," Kaplan added.

About Apollo Data Technologies Healthcare

Apollo Data Technologies is the leader in Healthcare Predictive Analytics.
Apollo detects anomalies and trends in patient billing, and clinical data
to identify lost revenue, improve cash flow and automate manual processes.
Its predictive analytics applies the science of advanced statistics and
data mining to flag errant accounts and claims with a greater degree of
accuracy than traditional methods. For more information, visit
www.apollodatatech.com/health.

Media Contact:
Martin Levy
Martin Levy Public Relations
Email Contact
206.851.7256

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