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Medversant's Encompass™ Database Soars to 800,000 Providers, Boosting Opportunities for Web-based, Real-time Credentialing Verification

Business Wire, April 9, 2008

LOS ANGELES -- Medversant Technologies LLC, (www.medversant.com), the nation's provider of Web-based credentials verification solutions for hospitals and managed care organizations, now includes over 800,000 providers in its Encompass[TM] platform, a proprietary electronic practitioner record spanning physicians, nurses and other healthcare professionals. Encompass[TM] is used to acquire practitioner credentials and then electronically verify them against databases including state license boards, Drug Enforcement Administration (DEA), National Technical Information Service (NTIS) and the National Practitioner Data Bank (NPDB).

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According to Matthew Haddad, president and CEO of Medversant, "With this expanded database, it is likely that any organization using Medversant as its provider data management solution will find their professional staffs listed on our platform. Encompass[TM] expedites provider credentialing and other provider data activities with Web-based monitoring performed on a continual basis. Our customers quickly discover that Encompass[TM] is a highly efficient, cost-effective and accurate solution for provider database management."

Medversant's proprietary, continuous monitoring solution maintains current data in terms of license status and other background information.

"This technology can mitigate credentialing problems which directly affect patient safety and quality of care," emphasizes Haddad. "Encompass[TM] works around-the-clock to verify provider credentials, helping to protect organizations from unwanted exposure to litigation or issues regarding reimbursement."

Medversant provides Encompass[TM] for customers seeking the immediate benefits of an outsourcing solution coupled with a sophisticated technology solution.

"Clients interested in a complete, seamless outsourced offering find this option cost-efficient," he concludes. "Professional license status on demand or in real time is clearly a new and attractive paradigm, greatly reducing liability and minimizing risk for healthcare organizations."

About Medversant

Medversant Technologies LLC is the leading provider of Web based healthcare practitioner management applications. Headquartered in Los Angeles, CA. Medversant can be reached at 213.291.6139 or www.medversant.com.

Business Services Industry

Medversant's Encompass™ Database Soars to 800,000 Providers, Boosting Opportunities for Web-based, Real-time Credentialing Verification

Business Wire, April 9, 2008

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