SOURCE: AcuMedSpa Holdings, Inc.

October 27, 2009 09:00 ET

AcuMedSpa Holdings, Inc. Begins Using AcuClaims, Inc, for All Insurance Verification and Billing Services

AVENTURA, FL--(Marketwire - October 27, 2009) - Acumedspa Holdings, Inc. (PINKSHEETS: AMSZ), which owns and operates multiple Medical Spa locations throughout South Florida has agreed to begin using AcuClaims for 100 % of insurance verification and billing services.

Brian Sperber, President of AcuMedSpa commented "By leveraging the additional tools, knowledge, experience and human resources of AcuClaims we are able to strengthen our focus on increasing our marketing, patient retention, and the expansion of both our services and locations. We could not be happier to be working with a pioneer and industry leader in such an important part of our overall business. Working with the team at AcuClaims will not only facilitate Insurance Verification and Billing Services but they will also assist with creating value added relationships with key Insurance Carriers. Between our partnership with ARC to launch a new Marketing Campaign which we are certain will allow us to achieve the patient flow goals we have and this new partnership with a leader in Acupuncture and Complimentary Medicine Billing we are one step closer to becoming the leader in the multiple specialties we are focusing on."

The Complementary and Alternative Medicine space generated revenue of $11.9 Billion in 2008 in the United States according to Fierce Healthcare much of it via third party payers. We project that having the ability to verify and pre-approve patients with greater ease via AcuClaims will allow us to create an increase in Acupuncture patient retention as well as increasing our exposure to and facilitate relationships with third party payers such as Health Insurance Carriers, Workers Compensation Insurance Providers, Personal Injury Insurance Companies and many others.

About AcuClaims Mori West, owner of ACUCLAIMS began billing over 25 years ago. She has seen many changes in CPT coding, as well as revamping of the entire California Work Comp System. "I don't believe offices should shy away from Worker's Compensation OR Personal Injury Cases and I am surprised offices that refuse to treat one or both. The rules for Work Comp changed in California in 2005, just like in 2008 with the PIP requirements in Florida. However, I believe there are ways to make it work for ALL types of patients. We will do what is necessary so that our offices have the authorizations in place that guarantee payment, as well as make the carriers follow their own rules. Ms. West extends this same ethic to general insurance. "Because we verify insurance benefits, we have the confidence of knowing a carrier HAS to pay our claims. We exhaust every avenue when we receive a denial, we make the call and follow up with a request for reconsideration. We are successful when carriers quote incorrect benefits, then deny claims when submitted. The appeals process is in place for just these types of cases, we know the process and we use it." Finally as a lifelong chiropractic and acupuncture patient, Mori feels indebted to the professions. "I am the wife of a chiropractor. I know the unique abilities chiropractors have. I believe in what they do and I believe carriers WILL pay claims when submitted. I have also utilized TCM (traditional Chinese medicine) since I was a teenager. I am grateful to work with acupuncturists I consider true healers and it amazes me that in this era with ever increasing insurance benefits for acupuncture there are still practitioners that shy away from insurance."

About AcuMedSpa Holdings, Inc. (AMSZ): founded with the vision to provide leading edge Alternative Medicine and Aesthetic treatments within Medical Settings in the United States and abroad. AcuMedSpa owns and operates multiple centers throughout the South Eastern United States and intends to become the largest Alternative Medicine and Esthetic service provider in the United States within the next three to five (3-5) years through both organic growth as well as through acquisitions. Our current locations are supervised by a Medical Director and staffed with Acupuncturists and Estheticians whom are licensed and highly trained in their fields and who further receive training at our own Training and Education Center to ensure professionalism, service quality and patient satisfaction.

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This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and AcumedSpa Holdings. Inc takes no obligation to update such statements.

Contact Information

  • Contacts:
    Brian Sperber