CareCentric Acquires Jane’s Billing & Consulting Services

CareCentric enhances customer options for handling billing and reimbursement through the recent acquisition of a market leading consulting firm.

ATLANTA, GA (August 16, 2005) - CareCentric, a leading provider of technology, business operation and outsourcing solutions for home care providers, announced today the acquisition of Jane’s Billing and Consulting Services, a privately held bill processing and reimbursement consulting firm for home medical equipment providers. The new addition expands CareCentric offerings to include in-house billing and reimbursement services to its technology platform increasing customers’ choices in how they want to run their business.

“CareCentric is focused on offering cutting edge products and services that address the total needs of the home care market,” said John Festa, President and CEO of CareCentric. “This strategic combination has a synergistic effect for both parties and enables us to provide even greater value and choice to our customers with regard to their critical billing and reimbursement needs.”

“We are excited about this opportunity to complement our services with the latest in cutting edge
technology,” reported Jane Bunch, CEO of JB&C Services. “The combination of expertise in both process and automation will allow us to provide faster, more efficient billing and reimbursement services than ever before. We believe CareCentric is right on target in understanding the industry’s need for customized alternatives.”

Jane’s Billing & Consulting Services provides specialized billing and reimbursement services to the home medical equipment industry. CareCentric plans to offer these services utilizing their newly developed integrated, Internet-based management solution. The system is designed to ensure the highest rate of claim accuracy through automated claim hold resolution, missing data checks, and built-in payor authorizations. The combination of billing expertise and optimal system efficiency will enable CareCentric customers to obtain the highest level of earned reimbursement possible.

Jane’s Billing & Consulting Services provides a full range of billing, consultation, and claims management services for home medical equipment/durable medical equipment companies and pharmacies throughout the United States and Puerto Rico. JB&C Services include turn-key billing services, internal compliance systems, audits and fraud and abuse case management, patient intake training, staff management, policies and procedures, opening pharmacies in independent HME companies, implementing corporate compliance plans, as well as education in retail sales and inventory management. Jane Bunch is a nationally recognized expert and lecturer on billing and claims management throughout the HME community. JB&C Services is headquartered in Kennesaw, GA.

CareCentric provides information technology, business operation and outsourcing solutions and services to over 1,100 customers. CareCentric’s customers include freestanding, hospital-based and multi-office home health care providers, including skilled nursing, private duty, home medical equipment and supplies, home care pharmacy and hospice. Complete information solutions enable these home care lines of business to utilize and generate comprehensive, integrated financial, operational and clinical data. CareCentric is headquartered in Atlanta, Georgia, with offices nationwide.