Codesmart(TM) Group's CODESMART(TM) UNIVERSITY ICD-10 Courses and Consulting Products Named the Exclusive Partner of State University of New York at Oswego for ICD-10 Services

NEW YORK, June 11, 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 the State University of New York at Oswego, which will exclusively market and provide CODESMART™ UNIVERSITY products to their students through their Division of Extended Learning.

"Through our partnership with SUNY Oswego, CODESMART™ UNIVERSITY is endeavoring to reach both experienced coders and new coders within the state of New York through its extensive SUNY system," said Ira Shapiro, Chairman and CEO of CODESMART. "Our partnership with SUNY Oswego is an extension of our commitment in New York State to help ensure the best possible ICD-10 training, as well as provide significant opportunities to take advantage of the coming changes to the healthcare system and help New York students find rewarding jobs as medical coders."

With a student body of 8,000 students, the State University of New York at Oswego offers more than 110 programs of study including an online AACSB-accredited MBA. Students pursue bright futures through programs in Oswego's College of Liberal Arts and Sciences; School of Business; School of Communication, Media and the Arts; and School of Education. SUNY Oswego stresses quality education and experience inside and outside the classroom with internships, co-ops and study-abroad opportunities that rate among the highest in the SUNY system. Additionally, the college provides numerous non-credit professional development programs at its off-campus locations: the SUNY Oswego Phoenix Center in Phoenix, NY and the SUNY Oswego Metro Center in downtown Syracuse.


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.


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 www.codesmartuniversity.org.

CONTACT: Company Contact: Ira Shapiro Chairman and CEO The Codesmart Group, Inc. ishapiro@codesmartgroup.com 646-526-7867 Investor and Media Contact: Jules Abraham JQA Partners, LLC jabraham@jqapartners.com 917-885-7378Source:The Codesmart Group, Inc.