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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