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Codesmart(TM) Group's CODESMART(TM) UNIVERSITY ICD-10 Courses And Consulting Products Named The Exclusive Provider Of ICD-10 Services At University Of Central Florida Regional Extension Center

NEW YORK, May 16, 2013 (GLOBE NEWSWIRE) -- First Independence Corp. (OTCBB:FICF), with its subsidiary, The Codesmart Group, Inc. (collectively, "CodeSmart"), a premiere 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 University of Central Florida Regional Extension Center (UCF-REC). UCF-REC will offer CODESMART™ UNIVERSITY and exclusively market and distribute all CODESMART™ Group products to their members, including outsourced coding, ICD-10 transitional consulting, revenue cycle and clinical documentation improvement.

"UCF-REC serves more than 3,000 physician members and their staff, as well as the schools of medicine who utilize the Center to facilitate the implementation of electronic health records and ICD-10. We look forward to offering our educational programs to the thousands of people in the central Florida region who will require some level of ICD-10 training," said Ira Shapiro, Chairman and CEO of CodeSmart. "They will be a proactive distribution partner that they have already begun to market the availability CODESMART™ UNIVERSITY by lining up an initial seminar for more than 200 physicians at the end of May for us to introduce ICD-10."

UCF-REC is part of a national effort to provide technical assistance to primary care providers in Central Florida who are to become meaningful users of electronic health records. UCF-REC is one of the 62 organizations established across the country to facilitate the adoption, implementation and meaningful use of electronic health records systems . It employs proven strategies and established best practices in its work with both primary care and specialist providers across Central Florida, including Brevard, Lake, Orange, Osceola, Polk, Seminole and Volusia counties.

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 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.

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