CODESMART(TM) Begins First of Its Kind ICD-10 Transition Pilot Program for Rural Healthcare Facilities in Partnership With Amerinet

NEW YORK, July 11, 2013 (GLOBE NEWSWIRE) -- CodeSmart Holdings, Inc. (OTCQB:FICFD), 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, today announced a first of its kind ICD-10 pilot program for rural healthcare facilities to extend a best practices and streamlined approach to ICD-10 exclusively for Amerinet members.

"This pilot program will provide access to the CODESMART™ best practices ICD-10 transition process directly to Amerinet's rural healthcare facility members, including hospitals, surgical centers, non-acute facilities, health clinics and medical practices throughout the United States. We intend to document the success in converting these facilities to ICD-10 and report to the industry how rural healthcare facilities can transition to ICD-10 using best practices through a streamlined and cost effective approach," said Ira Shapiro, CEO of CODESMART™. "Rural healthcare facilities have been largely ignored during the current ICD-10 transition and in some cases have lacked access to the expertise and resources. We want to help them and demonstrate to the industry the way to deliver streamlined best practices ICD-10 expertise through technology, on-line education, and economies of scale by pooling together a large group of rural facilities. CODESMART™ in partnership with Amerinet, will be the ICD-10 champions and advocates for rural healthcare in the US."

"The transition to ICD-10 is going to impact physicians and hospitals in many ways. Not only will there be a considerable increase in the number and specificity of codes with ICD-10, but providers may experience a detrimental impact to their revenue stream if they don't plan, train their staff and physicians, implement and monitor their processes in the migration properly," said Marshall Bushko, senior director, Information Technology Solutions, Amerinet. "Through the pilot program, CodeSmart assists and monitors a facility's progress throughout the transition and serves as a best practice model."

Amerinet rural healthcare facility members will be able to register for the CODESMART™ rural ICD-10 pilot program at www.codesmartgroup.com. Non-member facilities interested in learning more about Amerinet membership can contact Amerinet directly at info@amerinet-gpo.com. Joining Amerinet is free of charge.

ICD-10

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 into 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 Amerinet

As a leading national healthcare solutions organization, Amerinet collaborates with acute and non-acute care providers to create and deliver unique solutions through performance improvement resources, guidance and ongoing support. With better product standardization and utilization, new financial tools beyond contracting and alliances that help lower costs, raise revenue and champion quality, Amerinet enriches healthcare delivery for its members and the communities they serve. To learn more about how Amerinet can help companies successfully navigate the future of healthcare reform, visit www.amerinet-gpo.com.

About CODESMART™

CODESMART Holdings, Inc. (OTCQB:FICFD) 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.codesmartgroup.com or www.codesmartuniversity.org.

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