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Court Supports Medversant’s Position In Key Patent Claims

2011-08-10

Medversant Technologies, LLC, which offers the leading healthcare industry solution for provider data management and credentialing, today announced that the U.S. District Court for the Central District of California issued a Markman Order on 8.5.2011 in the ongoing patent infringement litigation by Medversant Technologies, LLC against Morrisey Associates. In the litigation, Medversant is alleging infringement of U.S. Patent No. 7,529,682 (“the '682’ patent") which Medversant markets as AutoVerifi™. In a Markman Order, the Court determines the meaning of disputed patent claim language.

In its Order, the Court construed the vast majority of the disputed claim terms (29 of 38) of the 682 patent in a manner consistent with the construction offered by Medversant. Medversant’s patent provides a system, in one embodiment, that allows for storing, continually verifying, and retrieving credentials records in a global network environment. This patent underscores Medversant's key role in delivering efficiency and safety to an increasingly important healthcare administrative process - Provider Data Management. AutoVerifi™ is utilized throughout the United States, and is a key component of Medversant’s OneSource, Encompass™, MedMonitored™, ClaimGard™, and other solutions.

According to Matthew Haddad, founder and CEO of Medversant, "AutoVerifi™ is essential to compliance with new standards for such processes as Medicaid provider enrollment, credentialing, claims processing and a host of other provider data management related areas. We now stand alone in this important area with the industry’s only viable method for efficiently achieving the goals of accurate verified provider data."

AutoVerifi™ acquires provider credentials and then automatically electronically verifies them against thousands of databases. It is designed to mitigate credentialing problems that directly affect patient safety and quality of care, working continuously to verify provider credentials and help protect organizations from unwanted exposure to litigation or issues regarding reimbursement. By automatically and continuously checking state license databases, DEA, and other databases for changes, 95 percent of the cost of performing this function manually can be eliminated.

Armed with better, up-to-the-minute information, these organizations can act swiftly to prevent providers with serious background issues from harming patients.

"We are delighted with the Markman Order outcome" said Philip Collias, Vice President and General Counsel of Medversant, "which is a significant step toward the successful resolution of this litigation and which further validates Medversant's ongoing commitment to the enforcement of its intellectual property rights."

About Medversant

Medversant Technologies, LLC is the nation’s leading provider of continuously monitored Web-based credentials verification solutions through patented AutoVerifi™ technology (U.S. Patent 7,529,682) for state governments, hospitals, health insurance plans, nursing homes, outpatient centers and other healthcare settings. Medversant provides a software tool that is highly efficient, cost-effective and an accurate solution for provider database management. Headquartered in Los Angeles, Calif., Medversant can be reached at (213) 291-6139.
Contacts

Media:
CPR for Medversant
Laura Carabello, 201-641-1911 x12

URL: http://www.businesswire.com

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