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QuadraMed Signs Contract with Fremont-Rideout Health Group for Revenue Cycle and Health Information Management (HIM) Solutions
QuadraMed enterprise systems to enhance financial, operational and clinical efficiencies for California health system
Reston, VA March 23, 2009
RESTON, Va.--(BUSINESS WIRE)--Mar. 23, 2009--
QuadraMed
(NASDAQ: QDHC) today announced that Fremont-Rideout
Health Group (FRHG) chose QuadraMed Revenue
Cycle and Quantim®
Health Information Management (HIM) solutions to streamline their
revenue collection process, improve clinical workflow, and leverage
business intelligence and real-time reporting to help maximize
operational efficiencies.
“After an in-depth evaluation of existing and new vendors, we selected
the clear market leader in revenue cycle management and HIM --
QuadraMed,” said Tarun K. Ghosh, CIO at FRHG, a not-for-profit health
system based in Yuba City and Marysville, Calif., which includes three
acute care hospitals. “We determined that QuadraMed was the only vendor
offering a scalable, integrated revenue cycle package that met our needs
and requirements of our patient access, health information management
and patient accounting departments.”
FRHG will begin deployment of the QuadraMed Revenue Cycle and Quantim
solution suites this month and plans to “go live” in July 2010. The
QuadraMed systems will replace existing applications from
Allscripts-Misys Healthcare Solutions, Inc. and 3M Health Care.
Added Ghosh, “QuadraMed’s robust, high-performance revenue cycle and
health information management systems provide us with the tools to
effectively address reimbursement challenges while supporting our
growing investment in electronic medical records. Together, these
solutions help enable us to deliver an even higher level of patient- and
community-centered care while achieving strong financial performance.”
FRHG also chose QuadraMed because its solutions uniquely feature a
built-in encoder. “The built-in encoder spares us from having to buy,
support and interface a separate application, which would have been the
case had we selected another vendor,” Ghosh added.
“Consistently recognized for its clinical excellence, FRHG leverages the
best technology and services in the market to further enhance their
high-quality care and patient experience,” said Keith Hagen, QuadraMed’s
president and CEO. “This client win validates QuadraMed's strong
position in the revenue cycle and HIM market as we continue to invest in
and develop the industry’s most advanced solutions, enabling hospitals
and health systems to transform quality care into positive financial
outcomes.”
About Fremont-Rideout Health Group
Fremont-Rideout Health Group (FRHG) is a not-for-profit health system
dedicated to providing exceptional quality healthcare and a healing
environment for everyone in its community. The health system, which is
headquartered in Yuba City and Marysville, Calif., includes three acute
care hospitals, three extended care facilities, a surgical center, home
health, hospice and occupational health clinics. For more information
about FRHG, please visit http://frhg.org/
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
600 professionals whose experience and dedication have earned QuadraMed
the trust and loyalty of clients at over 2,000 healthcare provider
facilities. For more information about QuadraMed, visit http://www.quadramed.com/
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. All other
trademarks are the property of their respective holders.
Source: QuadraMed Corporation
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