Codesmart(TM) Group's CODESMART(TM) UNIVERSITY ICD-10 Courses and Consulting Products Named the Exclusive Partner of ICD-10 Services Through Polk State College

NEW YORK, May 23, 2013 (GLOBE NEWSWIRE) -- First Independence Corp. (OTCQB:FICF), with its subsidiary, The Codesmart Group, Inc. (collectively, "CodeSmart"), a premier ICD-10 education and solutions group that offers CODESMART™ UNIVERSITY, its on-line education solution and customizable training solutions, announces today that its CODESMART™ UNIVERSITY product is the exclusive strategic partner for ICD-10 education and consulting services to Polk State College, a Florida State school, which will privately label CODESMART™ UNIVERSITY and exclusively market and distribute all CodeSmart products to their students.

Polk State College has already brought one of the largest physician practices in the Polk County, FL area (more than 80 physicians) to begin ICD-10 training for their employees.

"Polk State College has already begun a very aggressive marketing campaign to sell CodeSmart products, and they have already yielded success in bringing in new students," said Ira Shapiro, Chairman and CEO of CodeSmart. "They have also obtained Workforce One funding through their Polk Works programs, all of which provides financial subsidies directly from the county for training coders and physicians within the Polk County community. This funding assistance will be provided for provider organizations that contract with CodeSmart through Polk State College."

Polk State College is a multi-campus institution serving over 20,000 students with Bachelor of Applied Science, Bachelor of Science, Associate in Arts and Associate in Science degrees, as well as a wide range of certificate and workforce training options. Polk State College also operates three charter high schools. Polk State College, a quality driven institution, transforms lives through the power of education by providing access to affordable associate and baccalaureate degrees, career certificates and workforce employment programs, delivered by diversed, qualified faculty and staff.


ICD-10, or the tenth revision of the International Classification of Diseases is a World Health Organization-approved designation of the aspects of disease treatment that include categories of diseases and treatment modalities for them, broken down in to more than 141,000 designations. The previous ICD had only 17,000 codes, diagnoses and procedures. The United States is among the last countries in the world to adopt these standards, but the Department of Health and Human Services has mandated that all medical practices, hospitals and other medical record keeping organization be trained and ICD-10 compliant by October 1, 2014. This is essential as the Center for Medicare and Medicaid services will also be adopting the ICD-10 standard and will require proper medical coding in order to provide reimbursement.

About CodeSmart

First Independence Corp. (OTCQB:FICF) with its subsidiary, The Codesmart™ Group, Inc., is a premier national subject matter expert for ICD-10 education and compliance in the United States. Its product, CODESMART™ UNIVERSITY is an on-line program of study for existing coders, new coders, clinicians, and healthcare roles of all types. Created by a combination of a leading panel of ICD-10 subject matter experts and a major four-year accredited university, which contributed the nation's top course designers and a platform that already provides interactive education to more than 60,000 students per year in degree programs. The ICD-10 training also includes live professors who work with and guide students through the programs of study in ICD-10.

CODESMART™ UNIVERSITY is endorsed by over 60 colleges and universities nationwide for its quality of education. The Codesmart Group, Inc. also provides solutions for ICD-10 transitions, outsource coding, coding audits, critical documentation improvement and the revenue cycle continuum.

To learn more about CODESMART™ UNIVERSITY's proprietary programs, visit

CONTACT: Company Contact: Ira Shapiro Chairman and CEO The Codesmart Group, Inc. 646-526-7867 Investor Contact: David Briones 908-370-5102 Media Contact: Jules Abraham JQA Partners, LLC 917-885-7378Source:The CodeSmart Group, Inc.