SAN FRANCISCO, CA, Sep 14, 2007 -- Cardiac Network Inc. (PINKSHEETS: CNWI) today announced that they are accelerating its insurance credentialing initiatives with the hire of MRM Medical Credentialing Services Inc.
MRM, established in 2002, is a Miami, Florida-based company, which services clients ranging from Doctors and Specialists to diagnostic facilities, clinics and pharmacies. The company, which specializes in covering Florida, New York, Texas, and California, also credentials with major state and national health plans and specializes in negotiating the highest reimbursement rates available for its clients.
The company utilizes a highly effective three-step plan that allows its experienced credentialing staff to work with its National Networking Program to achieve results for its customers. Because of MRM's expertise they can obtain contracts when others cannot, and also eliminate a lot of the red tape, which normally occurs. By getting it right the first time, Cardiac Network will maximize its time accordingly. In the past, MRM has used this three tiered approach to obtain HMO and PPO contracts with some of the largest insurance providers in the country including, Amerigroup, Aetna, Blue Cross Blue Shield, Cigna, United, Workers Compensation and many others.
"MRM's credentialing services will complement Cardiac Network's sales initiatives and will further accelerate the marketing of our products to the medical community," stated Mr. Zev Helfer, President and CEO of Cardiac Network Inc.
"The hire of a credentialing company allows us access to MRM's network program, that includes the who's who of insurance companies and their millions of customers. This is a strategic step that will complement Cardiac Network's sales initiatives," added Mr. Helfer.
"We are pleased that Cardiac Network has chosen MRM for their medical credentialing needs. We are committed to providing the consulting services that will help Cardiac Network increase the number of payer sources and then proceed to negotiate the highest reimbursement rate possible," stated Mr. Edward B. Kostishion, Vice President of Sales, of MRM Medical Credentialing Services Inc. www.MRMmed.com
Cardiovascular disease and coronary heart disease are widespread, afflicting over 70 million people. Heart attacks are the single biggest killer in the United States alone. Each year, about 1.1 million Americans suffer a heart attack. About 460,000 of those heart attacks are fatal. Those figures could change dramatically if those people got to a hospital as fast as possible when a heart attack first happened.
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Learn more about Cardiac Network Inc. by visiting, www.cardiacnetwork.net
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.
Contact:
Cardiac Network Inc. San Francisco
INVESTOR RELATIONS: http://www.agoracom.com/IR/CardiacNetwork
CNWI@agoracom.com
