QuadraMed Awarded Enterprise Revenue Cycle Management Contract by Memorial Hospital of Sweetwater County
02 Julio 2007 - 3:36PM
Business Wire
QuadraMed� Corporation (Amex:QD) today announced that Memorial
Hospital of Sweetwater County (MHSC), Rock Springs, Wyoming, has
awarded the company a contract to implement its enterprise Revenue
Cycle Management solution and Health Information and Identity
Management software. All QuadraMed products will interface with the
hospital�s open source clinical system to provide an end-to-end
electronic medical record (EMR). The QuadraMed Revenue Cycle
Management solution includes a full suite of leading-edge
applications to help improve the hospital�s revenue cycle from
registration and patient accounting processes to final billing at
discharge. The benefits MHSC can achieve are a reduction in A/R
days and claims denials, as well as more efficient workflow across
the enterprise. QuadraMed received its third consecutive Best in
KLAS� award for Acute Care Registration, Scheduling and Patient
Accounting in the 2006 �Top 20 Best in KLAS Awards� released in
December. QuadraMed Facility Coding, a Web-native Health
Information Management (HIM) application, will be installed with
the revenue cycle solution to help facilitate proper and timely
reimbursement for services, meet regulatory compliance
requirements, and help improve coder accuracy and productivity. To
assist in the important area of patient identity management, MHSC
will also implement QuadraMed Precise ID. Precise ID can enhance
patient safety, speed patient registration, and further improve the
hospital�s revenue cycle by preventing creation of duplicate
patient medical records using a highly accurate probabilistic
technology. When a duplicate record is created, Precise ID helps
staff to quickly identify and correct the duplicate record in a
timely manner. According to David Paugh, MHSC Chief Financial
Officer, �QuadraMed offered us a comprehensive solution to improve
our revenue cycle management, particularly days in A/R. Coupled
with its identity and health information management software, we
believe QuadraMed will implement with little impact on our staff,
and enable us to capitalize on the quality care we provide to
improve our reimbursement for services. �Sweetwater County is
expected to continue to increase in population over the next
several years and we�re preparing to provide the highest quality
healthcare possible by deploying the right technology to meet the
needs of our community.� Memorial Hospital of Sweetwater County is
a 99-bed acute care, Level II Regional Trauma Center and the only
hospital within 100 miles of Rock Springs. In 2006, the hospital
undertook a major construction program to add 64,000 square feet
and renovate another 54,000 square feet of existing space. Revenue
Cycle Management is a key foundational component of the QuadraMed
Care-Based Revenue Cycle� that also includes solutions for Access,
Identity, Care, and Health Information Management. These solutions
are designed to optimize the patient experience and help leverage
quality of care into proper reimbursement. For information about
all QuadraMed Care-Based Revenue Cycle solutions and related
services, visit www.quadramed.com or call 800.393.0278. About
QuadraMed Corporation QuadraMed Corporation advances the success of
healthcare organizations through IT solutions that leverage quality
care into positive financial outcomes. Using QuadraMed�s Care-Based
Revenue Cycle solutions, which are designed to optimize the patient
experience and leverage quality of care into payment, our clients
seek to receive the proper reimbursement, in the shortest time, at
the lowest administrative cost. QuadraMed delivers real-world
solutions that help healthcare professionals deliver outstanding
patient care with significant efficiency. Behind our products and
services is a staff of 600 professionals whose experience and
dedication to service have earned QuadraMed the trust and loyalty
of customers at approximately 2,000 healthcare provider facilities.
Cautionary Statement on Risks Associated with QuadraMed�s
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.
Information from the �Top 20 Year-End Best in KLAS Awards� is �2006
KLAS Enterprises, LLC, www.healthcomputing.com. All Rights
Reserved.
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