QD Quadramed Corp.

QuadraMed� Corporation (Amex:QD) today announced that Midland Memorial Hospital (MMH), Midland, Texas, has awarded the company a contract to implement an enterprise Revenue Cycle Management solution across the hospital�s two area campuses. Terms of the agreement, effective immediately, fund $1.5 million for software and installation, with a total investment of $2.1 million for all products and support services over a three year period. QuadraMed will interface the Revenue Cycle Management system with Midland Memorial�s OpenVista� EHR (Electronic Health Record). QuadraMed�s comprehensive Affinity� Revenue Cycle Management solution includes Registration, EDM (Electronic Document Management), EDI (Electronic Data Interchange), Patient Accounting, and for access management, QuadraMed Smart Identity Management� solutions and Enterprise Scheduling. The system will enable MMH to manage its revenue cycle in real time from a secure central database. Benefits include reduced claim denials and days in A/R, and the functionality to establish more efficient enterprise-wide workflow processes. In addition to significantly improving the revenue cycle, QuadraMed�s Smart Identity Management solutions will assist MMH efforts to increase patient safety by preventing the creation of duplicate patient records. Increasing patient safety and quality of care begins with accurately identifying the patient and knowing their previous history of medications, allergies, treatments and visits. This ensures that clinicians have all the information they need in a single electronic record to provide patients with safe, cost-effective care and improved outcomes, regardless of which campus they visit. �Effective Revenue Cycle Management is critical to providing quality patient care and controlling the overall costs of that care,� said Larry Sanz, MMH Chief Financial Officer. �In an era of declining margins and increased regulation, we realized Midland Memorial needed better tools if we were to improve operational metrics, track key performance indicators, and remain in compliance. Our system selection team was tasked to review numerous competitive vendors to determine which could best help us meet these goals in the most cost-effective manner. �The decision to partner with QuadraMed was based upon the company�s ability to provide a comprehensive system proven to significantly enhance revenue cycle management and efficiency, as well as its outstanding reputation for successful implementations and long-term support. To continue providing superior healthcare, Midland Memorial must remain financially viable. This system will enable us to meet that challenge and grow with us to address future needs.� MMH is a fully accredited acute care institution currently licensed for 320 beds, with over 1,400 employees and more than 200 admitting physicians. According to Keith Hagen, QuadraMed President and CEO, �Midland Memorial has taken an innovative approach to implementing technology that other healthcare providers should emulate to assure their financial well being. By integrating our enterprise Revenue Cycle Management solution with the existing EHR, Midland Memorial will receive the benefits of QuadraMed�s Care-Based Revenue Cycle� process, which enables healthcare providers to leverage their quality of care into improved financial outcomes.� For the seventh time in the past nine years, QuadraMed Affinity was honored with a prestigious Best in KLAS award for �Acute Care Registration, Scheduling & Patient Accounting� in the December 2005 edition of the �Top 20 Year-End Best in KLAS Awards�. The website for Midland Memorial Hospital can be found at www.midland-memorial.com. For information about all QuadraMed products 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. As evolving reimbursement scenarios challenge healthcare organizations to leverage quality of care into payment, clients committing to QuadraMed�s care-based solutions can realize market leading financial performance. Using QuadraMed�s end-to-end solutions to optimize the patient experience and leverage quality of care into payment, our clients can receive the proper reimbursement, in the shortest time, at the lowest administrative cost. Behind our products and services is a staff of almost 600 professionals whose experience and dedication to service have earned QuadraMed the trust and loyalty of customers at approximately 2,000 healthcare provider facilities. To find out more about QuadraMed, visit www.quadramed.com. Cautionary Statement on Risks Associated with QuadraMed�s Forward-Looking Statements This press release contains forward-looking statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, 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, Affinity, and TempusOne are registered trademarks of QuadraMed Corporation. Care-Based Revenue Cycle and Smart Identity Management are trademarks 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 �2005 KLAS Enterprises, LLC, www.healthcomputing.com. All Rights Reserved. QuadraMed(R) Corporation (Amex:QD) today announced that Midland Memorial Hospital (MMH), Midland, Texas, has awarded the company a contract to implement an enterprise Revenue Cycle Management solution across the hospital's two area campuses. Terms of the agreement, effective immediately, fund $1.5 million for software and installation, with a total investment of $2.1 million for all products and support services over a three year period. QuadraMed will interface the Revenue Cycle Management system with Midland Memorial's OpenVista(R) EHR (Electronic Health Record). QuadraMed's comprehensive Affinity(R) Revenue Cycle Management solution includes Registration, EDM (Electronic Document Management), EDI (Electronic Data Interchange), Patient Accounting, and for access management, QuadraMed Smart Identity Management(TM) solutions and Enterprise Scheduling. The system will enable MMH to manage its revenue cycle in real time from a secure central database. Benefits include reduced claim denials and days in A/R, and the functionality to establish more efficient enterprise-wide workflow processes. In addition to significantly improving the revenue cycle, QuadraMed's Smart Identity Management solutions will assist MMH efforts to increase patient safety by preventing the creation of duplicate patient records. Increasing patient safety and quality of care begins with accurately identifying the patient and knowing their previous history of medications, allergies, treatments and visits. This ensures that clinicians have all the information they need in a single electronic record to provide patients with safe, cost-effective care and improved outcomes, regardless of which campus they visit. "Effective Revenue Cycle Management is critical to providing quality patient care and controlling the overall costs of that care," said Larry Sanz, MMH Chief Financial Officer. "In an era of declining margins and increased regulation, we realized Midland Memorial needed better tools if we were to improve operational metrics, track key performance indicators, and remain in compliance. Our system selection team was tasked to review numerous competitive vendors to determine which could best help us meet these goals in the most cost-effective manner. "The decision to partner with QuadraMed was based upon the company's ability to provide a comprehensive system proven to significantly enhance revenue cycle management and efficiency, as well as its outstanding reputation for successful implementations and long-term support. To continue providing superior healthcare, Midland Memorial must remain financially viable. This system will enable us to meet that challenge and grow with us to address future needs." MMH is a fully accredited acute care institution currently licensed for 320 beds, with over 1,400 employees and more than 200 admitting physicians. According to Keith Hagen, QuadraMed President and CEO, "Midland Memorial has taken an innovative approach to implementing technology that other healthcare providers should emulate to assure their financial well being. By integrating our enterprise Revenue Cycle Management solution with the existing EHR, Midland Memorial will receive the benefits of QuadraMed's Care-Based Revenue Cycle(TM) process, which enables healthcare providers to leverage their quality of care into improved financial outcomes." For the seventh time in the past nine years, QuadraMed Affinity was honored with a prestigious Best in KLAS award for "Acute Care Registration, Scheduling & Patient Accounting" in the December 2005 edition of the "Top 20 Year-End Best in KLAS Awards". The website for Midland Memorial Hospital can be found at www.midland-memorial.com. For information about all QuadraMed products 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. As evolving reimbursement scenarios challenge healthcare organizations to leverage quality of care into payment, clients committing to QuadraMed's care-based solutions can realize market leading financial performance. Using QuadraMed's end-to-end solutions to optimize the patient experience and leverage quality of care into payment, our clients can receive the proper reimbursement, in the shortest time, at the lowest administrative cost. Behind our products and services is a staff of almost 600 professionals whose experience and dedication to service have earned QuadraMed the trust and loyalty of customers at approximately 2,000 healthcare provider facilities. To find out more about QuadraMed, visit www.quadramed.com. Cautionary Statement on Risks Associated with QuadraMed's Forward-Looking Statements This press release contains forward-looking statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, 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, Affinity, and TempusOne are registered trademarks of QuadraMed Corporation. Care-Based Revenue Cycle and Smart Identity Management are trademarks 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 (C)2005 KLAS Enterprises, LLC, www.healthcomputing.com. All Rights Reserved.