SOURCE: Healthcare Business Services Groups, Inc.

March 20, 2007 11:50 ET

Healthcare Business Services Groups, Inc. (HBSGI) Announces That It Has Completed EMR (Electronic Medical Records) Module

UPLAND, CA -- (MARKET WIRE) -- March 20, 2007 -- HBSGI (OTCBB: HBSV), through its proprietary software AutoMed®, a medical billing suite, has completed EMR (Electronic Medical Records) module. "Now a medical provider can keep all patients' records such as visit notes, lab test results, prescriptions, radiological images and operative reports and other documents in the patient's file electronically and able to access immediately as needed. Once installed, Medical providers can now bypass the need of the physical filing cabinets and avoid the misery of lost or misfiled patients' records," said CEO Chandana Basu.

By automating the process of coding and billing, AutoMed® is helping to drive down operating costs of healthcare providers and enabling them to capture more revenue than in the past. With AutoMed®, all claims are automatically coded, charged and billed directly to the payer with maximum efficiency, right at the point of care. Current billing codes are preloaded into the AutoMed® software so there is no data entry required. The entire coding and billing process is linked to the diagnosis, so that billing is accurate and payment is efficient, with a lesser amount of denied claims. Healthcare providers get paid correctly and much quicker than with traditional billing methods. We are convinced that AutoMed® can reduce operating costs by as much as 70% and can increase revenue by as much as 50%. With skyrocketing operating costs and bottom line bleeding, AutoMed®'s timing to market will play a key role in helping healthcare providers maintain a promising financial life.

About Healthcare Business Services Groups, Inc.

Healthcare Business Services Groups, Inc. or HBSGI (OTCBB: HBSV) is a provider of full-service medical billing services for over 17 years. The company provides traditional, customized medical billing services and support to physicians, providers, and healthcare facilities across the nation. In addition to its core medical billing services, HBSGI offers a comprehensive, full-service medical billing software product, AutoMed®; we believe that is the only fully automated product on the market

Forward-Looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risk and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Contact Information