CyPace, Inc. Receives 2010 Best of Acton Award

U.S. Commerce Association’s Award Plaque Honors the Achievement

NEW YORK, NY, July 30, 2010 — For the second consecutive year, CyPace, Inc. has been selected for the 2010 Best of Acton Award in the Internet Connectivity Services category by the U.S. Commerce Association (USCA).

The USCA “Best of Local Business” Award Program recognizes outstanding local businesses throughout the country. Each year, the USCA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community.

Nationwide, only 1 in 70 (1.4%) 2010 Award recipients qualified as two-time Award Winners. Various sources of information were gathered and analyzed to choose the winners in each category. The 2010 USCA Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the USCA and data provided by third parties.

About U.S. Commerce Association (USCA)

U.S. Commerce Association (USCA) is a New York City based organization funded by local businesses operating in towns, large and small, across America. The purpose of USCA is to promote local business through public relations, marketing and advertising.

The USCA was established to recognize the best of local businesses in their community. Our organization works exclusively with local business owners, trade groups, professional associations, chambers of commerce and other business advertising and marketing groups. Our mission is to be an advocate for small and medium size businesses and business entrepreneurs across America.

SOURCE: U.S. Commerce Association

CONTACT:
U.S. Commerce Association
Email: PublicRelations@uscaaward.com
URL: http://www.uscaaward.com

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CyPace provides deep analysis of Electronic Medical Record Systems, to monitor access to patient health records by hospital personnel.  As a result CyPace is able to provide real time alerting and audit data regarding who is accessing sensitive and/or protected information as it happens. By providing this information to the ArcSight SIEM Platform via Common Event Format (CEF), CyPace enables full activity monitoring via correlation within ArcSight.

“By correlating the access of patient records with activities performed in other HIT systems, CyPace and ArcSight are able to help healthcare providers increase patient data security,” commented Jeff Scheel, senior vice president of business development at ArcSight.  “Our partnership with CyPace provides the capability to understand when personnel are acting in an unauthorized manner and violating policies. As a result, healthcare providers can more easily comply with HIPAA and other regulations with less effort and cost.”

Jeremy Murtishaw, CEO of CyPace added, “The partnership with ArcSight offers enterprise healthcare providers a comprehensive security solution to address the complex protection and reporting requirements for patient privacy. As organizations move to electronic medical record systems, risk of breach increases and the need for this solution becomes critical. This solution helps our joint customers reduce the time, cost, and effort of HIPAA compliance.”

About CyPace

Founded in 2006, CyPace, Inc. is a privately held company with corporate headquarters located in Acton, CA. CyPace, Inc. provides real time Compliance and Management Tools for EMR implementations, focusing on ease of use, performance and reliability. CyPace products and systems provide standalone solutions in these areas and also integrate with existing systems and applications within the healthcare environment. For more information about CyPace Healthcare Solutions, visit www.CyPacehealthcare.com.

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CyPace, Inc. Embraces New Traditions in Healthcare Delivery at HIMSS10 in Atlanta

CyPace Healthcare solutions help healthcare organizations implement, maintain and secure their electronic medical record systems.

ACTON, CALIFORNIA (February 21, 2010) - Focused on improving the delivery of healthcare with effective and efficient healthcare IT and management systems solutions, CyPace, Inc. travels to Atlanta, GA., for the upcoming 2010 Annual HIMSS Conference & Exhibition, March 1-4, 2010, at the Georgia World Congress Center.  Recognized as one of the premier conferences in the healthcare industry, HIMSS10 brings together healthcare professionals across the globe for this annual gathering.

CyPace will be demonstrating the CyPace Healthcare Application Management Platform (CHAMP) at booth #2660 on this HIMSS exhibit floor.  CyPace solutions allow enterprise leadership to successfully navigate the complexity of technology standards as they relate to regulations and the deployment of their EMR application.

“With the transition from paper to digital records continuing to gain national attention and increased acceptance in healthcare, CyPace will share its newest technology solutions to improve the implementation, management and security of electronic medical record systems at the conference,” said Jeremy Murtishaw, CEO of CyPace, Inc.  “At the annual HIMSS conference, we have an opportunity to meet with people who are looking for the right technology solution for their specific situation.  CyPace can talk with each individual one-on-one about their own needs and advise them on the products available.  The HIMSS exhibition makes it easy for us to meet with customers interested in our products and who are looking for the right option for their electronic medical record system.”

In Atlanta, the HIMSS annual conference is expected to attract about 29,000 attendees, ranking it as one of the largest healthcare IT and management systems conferences in the world.  Attendees who visit the conference participate in education sessions and networking events, in addition to visiting the exhibits.  The 2010 conference includes more than 300 education sessions plus pre-conference education sessions with symposia on clinical engineering, financial systems, health information exchanges (HIEs), nursing informatics, payers, pharmacy IT, physicians’ IT, and supply chain management.

Once again, the Interoperability Showcase will be a highlight of the 2010 conference with groundbreaking demonstrations that utilize cutting-edge technology and standards to demonstrate interoperability in an interactive environment.  With the electronic health record a reality on the exhibit floor, attendees will be able to create, track and manage virtual electronic health record and personal health records as they experience interoperability advanaces across both acute and outpatient care environments.

Keynote speakers confirmed for HIMSS10 include:

• Dan Hesse, CEO of Sprint Nextel
• Dr. David Blumenthal, National Coordinator for Health Information Technology
• An interview with Dr. Sanjay Gupta, CNN senior medical correspondent, and fraud investigator Harry Markopolos
• Chesley B. “Sully” Sullenberger, US Airways pilot and founder and CEO of Safety Reliability Methods

About CyPace

Founded in 2006, CyPace, Inc. is a privately held technology company with corporate headquarters located in Acton, California.  CyPace, Inc. provides Compliance and Management tools for healthcare organizations implementing electronic medical record systems.  CyPace software solutions focus on ease of use, performance and reliability.  Our products and systems provide standalone solutions in these areas and also integrate with existing system and applications within the healthcare environment.  For more information about CyPace Healthcare solutions, please visit http://www.cypacehealthcare.com.

About HIMSS

The Healthcare Information and Management Systems Society (HIMSS) is a comprehensive healthcare-stakeholder membership organization exclusively focused on providing global leadership for the optimal use of information technology (IT) and management systems for the betterment of healthcare.  Founded in 1961 with offices in Chicago, Washington D.C, Brussels, Singapore and other locations across the United States, HIMSS represents more than 23,000 individual members, of which 73% work in patient care delivery settings.  HIMSS also includes over 380 corporate members and nearly 30 not-for-profit organizations that share our mission of transforming healthcare through the effective use of information technology and management systems.  HIMSS frames and leads healthcare public policy and industry practices through its educational, professional development, and advocacy initiatives designed to promote information and management systems’ contributions to ensure quality patient care.

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ICD (International Classifications of Diseases) codes are medical diagnosis and procedure codes used for billing and health insurance reimbursement, automated decision support and government statistical reports on morbidity and mortality.  These codes are not specifically used in the US,  they are used around the world.  The ICD coding system is published by WHO (the World Health Organization, a UN agency) and have been around for a very a long time.  Version 1 was created in 1900, with precursors to the ICD codes existing as early as 1853.

ICD-10 (International Classification of Diseases, Tenth Revision) is the latest revision.  For US healthcare providers, ICD-10 may seem like the next big thing, but the ICD-10 standard was created in 1990. To date there are 153 nations which use all or part of the ICD-10 codes.  In the US, ICD-10 codes are “not currently valid for any purpose or use,” according to the National Center for Health Statistics, a division of the CDC (Center for Disease Control), but the government does use the codes for mortality reporting, according to the American Health Information Management Association.

Unfortunately, the US still uses the old ICD-9 coding system.  The limitations of this outdated system are increasing as new diagnostic and treatment procedures become available, because ICD-9 does not have the ability to add new codes for them.  The same is true for new diagnoses.  ICD-9 is not capable of providing granularity of subclassifications of diagnoses or related problems from socioeconomic or lifestyle issues.  Since one of the main uses of ICD codes is medical billing – health insurance payment transaction, and that transaction is now almost universally done electronically, there is a need for the transaction to be able to use the new HIPAA electronic transaction forms (HIPAA 5010) and the current ICD-9 codes just are not set up to do this.

What does all this mean?

It means that healthcare providers cannot always give the most accurate diagnosis and procedure information. This generates more work on the part of health insurance companies, as claims analysts must review ambiguous codes in billing, and medical reviews must be done case-by-case for tests and treatments that might otherwise be standardized by codes.

It means valid bills may be denied or payments are determined incorrectly because the true value cannot be easily seen from the codes.  This could seriously affect patient care, as inaccurate coding can lead to missing the true diagnosis and potentially the wrong treatment for the patient.

It means that public policy will not have the most accurate information from their research.  And it means that, because the US is behind the 153 other countries in getting up to speed, we do not have the capability of interoperability with them.

A quick comparison of ICD-9 and ICD-10 shows us the differences:

Moving to ICD-10

Fortunately for most US healthcare organizations, the federally mandated implementation date has been pushed back from October 1, 2011 to October 1, 2013.  Simultaneously, the industry is transitioning toward the HIPAA 5010 transaction standard to support electronic transactions.  Combined, these changes will impact every aspect of your organization’s revenue or payment cycle.  By October 2013, the federal government has mandated use of the ICD-9 code set must be replaced by the ICD-10 code set.  Hospitals, and physician practices and health insurance companies need to be gearing up for ICD-10 now, but our research has shown that most have not started the transition or have begun only preliminary planning.

One reason for this lacksadaisical approach is in the way providers view this transition.  It seems that  providers are viewing the change as more minor than it is by treating it as a more extensive version of the yearly diagnosis code updates.  Transitioning from ICD-9 to ICD-10 is a huge project, on par with the work effort which was required for the Y2K transition or migration to an Electronic Medical Record and Billing system.   People affected by this transition include physicians, hospitals, other healthcare providers, and medical billing and health insurance claims staff, all of whom must be extensively trained to use the new coding system.  Technology vendors need to update their medical record, billing, insurance and reporting software technology to simultaneously handle both ICD-9 and ICD-10 codes until transition is complete.  Health insurance policies will also need to be updated to accommodate the newly-recognized diagnosis and procedure codes.

An article published by the Texas Medical Association website, approximates the cost to be $83,000 for a small 3 physician practice and more than $2.7 million at a large, 100-physician practice.

Risks of not meeting the transition deadline

We have identified five key risks of not completing the transition on schedule to include:

1. Delayed or denied payments
2. Missed payments
3. Incorrectly processed insurance claims
4. Potential for fraudulent misuse
5. Adverse impact to patient care

It’s Worth the Effort and Expense

After reviewing the limitations of the current ICD-9 system, we decided to outline some of the differences between ICD-9 and ICD-10. Besides resolving the limitations of ICD-9, the ICD-10 system will:

1. Improved disease management diagnoses
2. More accurate, value-based, payments for new procedures
3. Better quality data reporting
4. Allows for the US to compare data with international data on the spread of disease and treatment outcomes

How can CyPace help?

ICD-10 presents a learning curve, but with adequate process and systems preparation, stakeholders will have enough time to overcome the challenges.  As a trusted source for coding information, CyPace Healthcare can help you navigate through this important change.  Our team of experts provides education, services, and analytics for ICD-10 to help you:

• Understand the conversion process
• Develop migration roadmaps and stragegies
• Assess your EMR or Billing vendor’s readiness
• Analyze systems integration capabilities
• Provide ICD-10 training and education

The transition is going to be challenging, with each procedure record used in your Electronic Medical Record (EMR) or billing system needing to be touched.  The CyPace Healthcare Application Management Platform (CHAMP) is designed to aide in the transition allowing you to find procedures, fee schedules, and diagnosis records containing the old ICD-9 value(s) with simple but powerful reporting.

For more information about CyPace and the CyPace Healthcare Application Management Platform, please visit http://www.cypacehealthcare.com or contact us at (866) 589-0438 x701

ACTON, CA - January 29, 2010 -

CyPace is pleased to announce that we will be exhibiting at the HIMSS annual conference being held at the Georgia World Congress Center on March 1st through March 3rd.

About CyPace

CyPace is the leading healthcare software development company specializing in real-time Electronic Medical Record (EMR) forensics and analytics. We provide healthcare institutions technology to meet State and Federal Regulatory requirements for Health Information Technology (HIT) privacy, security and breach notification.  For more information, please visit http://www.cypacehealthcare.com

CyPace Selected To Present At the 2010 Keiretsu Forum Angel Capital Expo

Acton, CA., January 15, 2010 — CyPace, Inc has been selected to present at the 2010 Keiretsu Forum Angel Capital Expo being hosted at the Microsoft Mountain View campus on January 22, 2010.

“The Angel Capital Expo offers a great opportunity to connect with motivated investors and enhance our company’s fundraising efforts,” said Jeremy Murtishaw, CEO of CyPace.

“Participating in the Keiretsu Forum’s Angel Capital Expo will be a good experience for CyPace,” said Colin Parker, CIO of CyPace.  ”The opportunity to share our vision with 300 investors will provide CyPace an excellent chance of success.”

About Keiretsu Form

Keiretsu Forum is the world’s largest angel investor network with 750 accredited investor members throughout eighteen chapters on three continents. Since Keiretsu Forum’s founding in 2000, its members have invested over $180m in 200 companies in technology, consumer products, healthcare/life sciences, real estate and other segments with high growth potential. Forum members collaborate in the due diligence, but make individual investment decisions, with rounds in the range of $250k-$2m. Keiretsu Forum’s community is strengthened through education on angel investing, as well as charitable giving. Forum members have donated over $1m to over 100 non-profit organizations.  For more information, please visit http://www.keiretsuforum.com

About CyPace

CyPace is the leading healthcare software development company specializing in real-time Electronic Medical Record (EMR) forensics and analytics. We provide healthcare institutions technology to meet State and Federal Regulatory requirements for Health Information Technology (HIT) privacy, security and breach notification.  For more information, please visit http://www.cypacehealthcare.com

CyPace, Inc., a leading developer of Healthcare Information Technology (HIT) Management and Security software, today announced an agreement with industry leading Enterprise Output Management (EOM) solutions provider Levi, Ray & Shoup, Inc. (LRS), to promote complementary products and services.

LRS® EOM solutions enhance a healthcare organization’s care related and administrative processes by ensuring that critical documents are delivered in a timely, secure, and cost-effective manner. Comprehensive LRS capabilities such as document viewing, usage tracking, and a variety of electronic delivery and specialty printing options enable customers to gain the benefits they need now and in the future.

“Formalizing our partnership with LRS just makes good sense,” said Jeremy Murtishaw, CEO for CyPace. “Working together the last 5 years, we’ve seen how the integrity and solution capabilities LRS brings to projects have always met or exceeded customer expectations. Both companies take great pride in delivering best-of-breed technologies that produce the results customers require to meet their goals.”

CyPace, Inc. solutions work seamlessly with LRS EOM solutions to increase visibility into document management and enterprise printing processes. LRS solutions supply proactive monitoring capabilities that help governance efforts and security control—all through an easy-to-use solution interface. Healthcare organizations gain simplified printer management for their EMR applications, increasing reliability and decreasing the cost to produce and use critical information.

About LRS

LRS is a privately-held company with corporate headquarters located in Springfield, Illinois. Remote offices are located throughout the United States and in key geographic regions around the world. More than half of the Fortune 500 and Fortune 500 Service companies rely on industry-leading LRS solutions, with products in use in over 30 countries. Gartner and other analyst groups recognize LRS as a global IT leader. Software Magazine consistently ranks LRS as one of the top 200 software companies in the world. For more information about LRS, visit www.VPSX.com.

About CyPace

Founded in 2000, CyPace, Inc. is a privately held company with corporate headquarters located in Acton, CA. CyPace, Inc. provides Compliance and Management Tools for EMR implementations, focusing on ease of use, performance and reliability. Our products and systems provide standalone solutions in these areas and also integrate with existing systems and applications within the healthcare environment. For more information about CyPace Healthcare Solutions, visit www.cypacehealthcare.com.

LRS is a registered trademark of Levi, Ray & Shoup, Inc.

Millions of personal computers sit idly on desks and in homes worldwide. As they wait, every hour hundreds of people contract and die from infectious diseases. While computer owners run their screen savers, millions die from hunger, or environmental disasters devastate whole communities. What if each of the worlds estimated 1 billion computers could be linked to focus on humanity’s most pressing issues?

To make this vision a reality, CyPace has become a partner of World Community Grid, joining the IBM Corporation and a group of more than 390 companies, associations, foundations, nonprofits, government agencies and academic institutions. CyPace is encouraging members of the community to contribute their idle PC time to assist humanitarian research by joining World Community Grid at www.worldcommunitygrid.org and becoming a member of the CyPace team.

World Community Grid uses grid technology to establish a permanent, flexible infrastructure that provides researchers with a readily available pool of computational power that can be used to solve problems plaguing humanity. Grid technology joins together many individual computers, creating a large system with massive computational power that far exceeds the power of a few supercomputers. Importantly, World Community Grid is easy and safe to use.

To join, individuals should go to www.worldcommunitygrid.org and simply download and install a free, small software program on their computers. When idle, your computers request data from World Community Grid’s server. Computers then perform computations using this data, send the results back to the server and prompt it for a new piece of work.

“Participating in the World Community Grid provides members of the community with an efficient and effective way to make a difference on problems that plague humanity,” said Jeremy Murtishaw, Chairman and CEO. “We are asking individuals to join our team on the World Community Grid as part of our overall efforts to enrich the lives of our communities, and to support CyPace’s commitment to giving back to the community.”

Today, hundreds of thousand of volunteers around the globe are donating some of the time when their computers are on but not in use, and World Community Grid is harnessing this power to help advance promising humanitarian research projects. Results on critical health issues have already been achieved, demonstrating World Community Grid’s potential to make significant inroads on a great range of future projects that can benefit the world. You can start making a difference today. Please go to www.worldcommunitygrid.org and become a member today and then join our team.

Join World Community Grid as part of the CyPace team today!

• 5GB of disk space
• 500MB monthly bandwidth on the CyPace Lightning™ network
• 15 Email accounts
• Linux OS
• Plesk Control Panel
• Specify coupon code CYP01 during check out

For ordering information, please click here

*Requires 2 year prepaid service commitment. Total cost of plan is $72. Prices do not include usage fees in excess of the allotted amount of the plan.

Acton, CA - August 24, 2008 - CyPace, Inc., an international technology company (http://www.cypace.com), today announced their new program to provide free Web Hosting to qualified US Based Charities.

To qualify for CyPace, Inc.’s Charity Web Hosting Program, charities must be a 501(c)(3) organization, as set forth by the IRS. CyPace, Inc. is offering Windows and Linux business shared hosting in its state-of-the-art data center.

“We recently celebrated the public launch of our Web Hosting division, a great accomplishment for our company and employees, and we wanted to honor that success by giving back the community,” said Nickolas Raker, CyPace, Inc. Vice President of Business Development. “The decision to reach out across America and assist organizations that are helping improve lives was very easy.  We hope to help make a difference by continuing to be good corporate citizens.  All we require from the charities is that they post our Powered By CyPace logo in the footer of each of the pages on their website.”

For more information on how to participate in CyPace, Inc.’s Charity Web Hosting Program, please call (323) 924-0009 x702.

About CyPace, Inc.
Founded in 2000, CyPace, Inc. is a technology company focused on web technologies and international provider of Internet web hosting services.

For more information about our technology and services, or to schedule an interview with Jeremy Murtishaw, Chairman and CEO, please contact Nickolas Raker at (323) 924-0009 x702.  Additional information is available at: www.CyPace.com.

Contact:
Nickolas Raker, VP Business Development
CyPace, Inc.
(323) 924-0009 x 702
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According to Forrester Research, 22 percent of enterprise and small to medium-sized business customers outsource their mission-critical applications to hosting service providers for sound business reasons. First and foremost, there is a general shortage of Internet IT expertise for hire in the marketplace - this was the reason cited by 67 percent of businesses that have outsourced their applications. Other major reasons mentioned are time to market, reduce cost, and reliable network connectivity.

“CyPace Hosting™ will enable customers to capitalize on business opportunities offered by the Internet economy by expanding and enhancing their web presence” said Ken Murtishaw, CFO of CyPace, Inc.

“The Internet has completely transformed the way business is conducted throughout the world. Businesses are finding new market opportunities and extending their brand and products reach into new markets which previously seemed unattainable,” said Nickolas Raker, VP Business Development of CyPace, Inc.

CyPace Hosting™ offers a full line of hosting products including shared and VPS hosting, dedicated server hosting and domain name sales. Enterprise offerings include load-balanced server arrays, rack space, rich media delivery, business continuity and grid computing. CyPace Hosting™ also offers consultative services to help customers increase their operational efficiency and reduce their overhead. Our team of engineers is available to provide telecommunications, network, and systems architecture, design and implementation services to our customers.

About CyPace, Inc.
Founded in 2000, CyPace, Inc. is an technology company focused on web technologies and international provider of Internet web hosting services.

For more information about our technology and services, or to schedule an interview with Jeremy Murtishaw, Chairman and CEO, please contact Nickolas Raker at (323) 924-0009 x702. Additional information is available at: www.CyPace.com.

Contact:
Nickolas Raker, VP Business Development
CyPace, Inc.
(323) 924-0009 x 702
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