BEDMINSTER, N.J., February 26, 2024 (Globe Newswire) — Retrieve Medical Holdings, Inc. (OTC Pink: RMHI) is pleased to announce an important milestone in its growth trajectory. Retrieve Medical, Inc. (“Retrieve”), a wholly owned subsidiary of the Company, has entered into a pivotal agreement to bring state-of-the-art software to prominent Louisiana hospitals.
This agreement marks Retrieve's continued expansion into the healthcare space and strengthens its portfolio with another well-regarded regional health system. This strategic partnership introduces Retrieve's proprietary software solution, Retrieve Dx.TMlocated on a two-hospital health system campus that boasts more than 150 beds and serves more than 44,000 emergency department visitors annually.
The Case Mix Index (CMI) is a key driver in the dynamic landscape of American healthcare reimbursement. To optimize CMI, enhanced documentation of inpatient comorbidities is paramount. Retrieve's innovative platform empowers clinicians by streamlining the identification of comorbidities and facilitating their accurate and efficient integration into the medical record. Retrieve is expected to improve CMI, quality scores, query rates, and documentation efficiency by facilitating more accurate diagnosis in less time.
“We are excited to expand into yet another regional health system,” commented Dr. Mark Rosenberg, Retrieve Chairman and past president of the American College of Emergency Physicians. “This partnership underscores our position as a leading provider of physician documentation software for hospitals and health systems across the United States. Today's announcement further solidifies our outlook for strong commercial performance in 2024. It shall be assumed.”
About Retrieve Medical Holdings, Inc.:
Retrieve Medical Holdings, Inc. (OTC Pink: RMHI) is a leading provider of innovative healthcare solutions focused on improving the efficiency and accuracy of clinical documentation. Through its subsidiary, Retrieve Medical, Inc., the company provides cutting-edge software solutions tailored to the evolving needs of healthcare providers, optimizing patient care delivery and operational outcomes. For more information about Retrieve Medical, please visit our website at www.retrievemedical.com or email us at info@retrievemedical.com.
Contact Information:
Thomas Swon, Vice President
Retrieve Medical Co., Ltd.
908-800-2880
tswon@retrievemedical.com
