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QuadraMed Announces Winners of 2009 QUEST Awards
Three leading hospitals are recognized for superior achievement with QuadraMed’s technologies and services
Reston, VA September 10, 2009
RESTON, Va.--(BUSINESS WIRE)--Sep. 10, 2009--
QuadraMed
(NASDAQ: QDHC), a leading provider of healthcare information
technologies and services that help turn quality care into positive
financial outcomes, today announced that West
Park Healthcare Centre, Northeast
Georgia Health System (NGHS), and Hunterdon
Medical Center (HMC) are the winners of the 2009 QuadraMed User
Excellence in Software Technology (QUEST) awards. Divided into the three
categories of Care Delivery Improvement, Financial Improvement, and
Integration Achievement, the annual awards recognize success in
maximizing operational efficiencies and delivering high quality care
through QuadraMed technologies.
“We are pleased to honor these organizations for their innovative use of
QuadraMed’s healthcare technology and demonstrated return on investment
using our solutions,” said Duncan W. James, QuadraMed’s President and
CEO. “Given today’s challenging economic picture, it’s imperative that
hospitals look to implement technology solutions that improve their
bottom line and improve quality of care through tangible results just as
these QUEST award winners have done.”
West Park Healthcare Centre received the Care Delivery Improvement award
for its use of QuadraMed
CPR® (QCPR) to enhance clinical decision support related
to patient allergies, a key area of patient safety. An established user
of QCPR since 1999, the 487-bed Canadian facility based in Toronto,
Ontario, audited its system and discovered that only 55 percent of its
patients had allergies documented within QCPR prior to medications being
ordered – a critical step in avoiding potential drug interactions.
Investigating the matter, West Park found that clinicians were not
receiving alerts to enter patient allergies before a medication was
ordered if patient allergies had already been documented during an
earlier admission. To address the problem, West Park configured QCPR so
that medications could not be ordered unless allergy information was
entered at every patient admission. The change has enabled the provider
to improve compliance from 55 percent to 100 percent; thus ensuring
immediate clinician alerts of potential medication errors.
NGHS earned the Financial Improvement award for realizing dramatic
improvements in productivity, efficacy and cost-savings through its
implementation of QuadraMed
AcuityPlus. The 461-bed hospital in Gainesville, Ga., used the
QuadraMed solution to optimize acuity-based staff scheduling and
budgeting for inpatient nursing units. Implemented in 2007, the
QuadraMed solution enabled the nursing division to develop
evidence-based staffing processes to best match nursing assignments with
patient needs and further improve RN skill sets to drive higher quality
care. Additionally, the solution has yielded significant quantifiable
results:
-
Reduced overtime by 10 percent in 2008 and is 50 percent under budget
this year*.
-
Lowered contract labor expenses by 74 percent in 2008 and is 66
percent under budget year-to-date*.
-
Slashed shift incentive by 48 percent 2008 and is 60 percent under
budget this year*.
NGHS saved a total of $720,000 in 2008 from contract labor and overtime
savings and $309,000 year-to-date*.
HMC won the inaugural Integration Achievement award, which recognizes
organizations that leverage interoperability to improve ROI, patient
safety or workflow efficiency. The Fleming, N.J.-based, 178-bed facility
interfaced QuadraMed
Affinity® Patient Registration and QuadraMed Affinity® Order
Management with disparate laboratory and ambulatory electronic medical
record and practice management systems to streamline workflow processes
and enhance care delivery, resulting in increased outpatient laboratory
revenue. The multi-system integration gave HMC a more optimal level of
effectiveness and scalability needed to compete with commercial
laboratories and produced more than $100,000 in incremental monthly
revenue for its laboratory. HMC expects revenue to rise even further as
more physician practices are linked to the connected care delivery
system.
Each QUEST Award entrant submitted a detailed application describing its
achievements, business issues, objectives, approach and the final
results achieved using QuadraMed products. Each QUEST Award category was
judged by separate panels comprised of six independent healthcare
information technology experts.
About QuadraMed Corporation
QuadraMed – (NASDAQ: QDHC) is a leading provider of healthcare
technologies and services that help turn quality care into positive
financial outcomes. QuadraMed provides innovative solutions that
streamline revenue management and compliance processes, while helping
healthcare professionals deliver quality patient care. 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 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 that are
subject to risks and uncertainties. The words “believe,” “expect,”
“target,” “goal,” “project,” “anticipate,” “predict,” “intend,” “plan,”
“estimate,” “may,” “will,” “should,” “could” and similar expressions and
their negatives are intended to identify such statements.
Forward-looking statements are not guarantees of future performance,
anticipated trends or growth in businesses, or other characterizations
of future events or circumstances 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. You should not place
undue reliance on these forward-looking statements. Our actual results
could differ materially from those anticipated in these forward-looking
statements for many reasons, including the risks faced by QuadraMed
described in documents filed with the Securities and Exchange Commission
("SEC") from time to time. 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.
*Results may depend on client-specific factors.
Source: QuadraMed
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