Business Services Industry

QuadraMed Revenue Cycle and Identity Management Solutions Go Live At Midland Memorial Hospital

Business Wire, Oct 1, 2007

RESTON, Va. -- QuadraMed([R]) Corporation (Amex:QD) today announced that Midland Memorial Hospital (MMH), Midland, Texas, has gone live enterprise-wide with QuadraMed's Revenue Cycle and Identity Management solutions. The Midland Memorial and QuadraMed implementation teams were able to complete the project across both MMH campuses in just six months, approximately 35 percent faster than the average for like-size (320-bed) healthcare institutions according to implementation standards developed by QuadraMed.

QuadraMed's Revenue Cycle Management solution is designed to facilitate timely, accurate and complete patient billing for improved financial outcomes. Midland Memorial went live with a full suite of QuadraMed products including Registration, Electronic Document Management (EDM), Patient Accounting, and Electronic Data Interchange (EDI).

The hospital also went live with Precise ID, a QuadraMed Smart Identity Management application. Precise ID can help MMH to accurately identify patients and prevent the creation of duplicate medical records to ensure hospital clinicians have one complete EMR for each patient. The benefits include improved patient safety, and patient and physician satisfaction.

During the second phase of the hospital's implementation plan, QuadraMed Contract Management and InSight will be installed. Contract Management enables hospitals to manage complex contractual relationships, reduce administrative overhead and improve contract performance. It includes powerful modules for repricing, modeling and reporting.

QuadraMed InSight simplifies current and trend reporting of operational performance with graphs and interactive displays that present complex information in succinct, logical ways. This executive information system provides drill-down capabilities and assimilates large volumes of complex data for timely decision making.

The website for Midland Memorial Hospital is www.midland-memorial.com. And for information about all QuadraMed Care-Based Revenue Cycle([TM]) solutions and services, visit www.quadramed.com or call 800-393-0278.

About Midland Memorial Hospital

Midland Memorial Hospital is a 320 licensed bed hospital, operating on two campuses in Midland, Texas. Owned and operated by Midland County Hospital District, MMH provides a full range of acute care services to the people of Midland, while serving as a regional referral center for other communities throughout west Texas and southeast New Mexico. Specialty services include emergency medicine, cardiovascular surgery, and advanced radiological and oncology services.

About QuadraMed Corporation

QuadraMed Corporation advances the success of healthcare organizations through IT solutions that leverage quality care into positive financial outcomes. QuadraMed provides real-world solutions that help healthcare professionals deliver outstanding patient care efficiently and cost-effectively. Behind the company's products and services is a staff of 750 professionals whose experience and dedication have earned QuadraMed the trust and loyalty of clients at over 2,000 healthcare provider facilities.

Cautionary Statement on Risks Associated with QuadraMed Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 by QuadraMed that are subject to risks and uncertainties. The words "believe," "expect," "anticipate," "intend," "plan," "estimate," "may," "should," "could," and similar expressions are intended to identify such statements. Forward-looking statements are not guarantees of future performance and are to be interpreted only as of the date on which they are made. QuadraMed undertakes no obligation to update or revise any forward-looking statement except as required by law. QuadraMed advises investors that it discusses risk factors and uncertainties that could cause QuadraMed's actual results to differ from forward-looking statements in its periodic reports filed with the Securities and Exchange Commission ("SEC"). QuadraMed's SEC filings can be accessed through the Investor Relations section of our website, www.quadramed.com, or through the SEC's EDGAR Database at www.sec.gov (QuadraMed has EDGAR CIK No. 0001018833).

QuadraMed is a registered trademark of QuadraMed Corporation. Care-Based Revenue Cycle is a trademark of QuadraMed Corporation. All other trademarks are the property of their respective holders.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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