HealthMarket Selects Quovadx Platform for Composite Application Development; QDX Platform V to Deliver Integrated Development Environment for Business Process Automation

Business Wire, Feb 10, 2003

Business Editors/Health & Medical Writers

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Feb. 10, 2003

Quovadx, Inc. (Nasdaq:QVDX), a leading provider of software and services enabling competitive process advantage, today announced HealthMarket, an innovative leader in the fast-growing market of Consumer Driven Health Plans, has selected QDX(TM) Platform V as its integrated environment for business process automation and development of composite software applications.

"With membership growth exceeding 300% during the past year, we needed to invest in a technology platform that could support the complexity of our current operations, while providing the flexibility and scalability we will need as our business continues to take off," said Edward J. Zecchini, Executive Vice President and Chief Technology Officer at HealthMarket. "One key to our competitive success is the ability to rapidly create new customized applications that continually enhance the level of information and service we provide to our clients and members. Efficient processes are the competitive advantage for healthcare organizations in today's marketplace. QDX Platform V makes it possible to measure, tailor and streamline our processes through composite applications."

Additionally, HealthMarket has selected QDX(TM) HIPAA Express, an Adaptive Application, to facilitate its HIPAA-readiness program. As a healthcare insurer, HealthMarket is required by the Health Information Portability and Accountability Act (HIPAA) to transmit healthcare information in a standardized transaction format by October 2003. HealthMarket sought a solution that would go beyond the minimum regulatory compliance and offer editable extensions for improved business partner communications.

"HealthMarket recognizes the full value of QDX Platform V for integration and automation of business processes," said Rey Currie, Vice President of Product Management at Quovadx. "We are excited to collaborate with HealthMarket during this critical phase of its growth and to support development efforts that will drive continual innovation for Consumer Driven Health Plans."

About HealthMarket

HealthMarket sells, administers and underwrites fully insured benefit plans for small- and mid-sized employers as a competitive alternative to managed care. HealthMarket's Consumer Driven Health Plans are underwritten by its wholly owned subsidiary American Travelers Assurance Company. Founded in 2000 by healthcare industry veteran Stephen F. Wiggins, HealthMarket's vision is to give members and their doctors control over spending and benefit decisions. HealthMarket Savings Accounts, for routine and preventive care services, and HealthMarket SMARTFUNDS(SM) spending accounts, for individual procedures and conditions, are groundbreaking plan features. A personal Website and high-touch customer services are available that provide information tools to help members select providers and understand treatment options using comparative cost and quality metrics about physicians and hospitals. For more information, visit www.healthmarket.com.

About Quovadx, Inc.

Quovadx is a trusted provider of software and services enabling Competitive Process Advantage. The company provides end-to-end business infrastructure software and services, including consulting, transaction hosting and operations management for business-critical applications. QUOVADX(TM) technology helps more than 3,000 healthcare, media and entertainment and other organizations streamline business processes, solve difficult process integration challenges and unlock the value of legacy system investments to achieve rapid return on investments. Headquartered in Englewood, Colorado, Quovadx operates internationally with locations in nine major U.S. metropolitan cities, and one in London. For more information, please visit http://www.quovadx.com.

QUOVADX and QDX are trademarks of Quovadx, Inc. All other company and product names mentioned may be trademarks of the companies with which they are associated.