QuadraMed Launches Next-Generation Identity Management Solution for Health Systems and HIEs
August 04 2008 - 4:41PM
Business Wire
QuadraMed� Corporation (NASDAQ:QDHC) today announced general
availability of Smart Identity Exchange (Smart I/X), a
next-generation identity management solution that helps hospitals
and health information exchanges (HIEs) in their efforts to
identify, reconcile and manage patient records to significantly
reduce the potential for medical errors and needless expenses such
as unnecessary tests and procedures. Adding another powerful tool
to QuadraMed�s Best in KLAS portfolio of identity management
solutions, Smart I/X is both an enterprise master person index
(EMPI) and a record locator/reconciliation solution designed
specifically for organizations that require a means of more
accurately identifying patients and establishing and maintaining a
composite medical record across multiple data sources. The solution
helps organizations comply with HIPAA and uses a probabilistic
algorithm to analyze all records stored in an organization�s MPI
systems, cross-references and reconciles them, then assigns each
patient a unique, enterprise identifier. �Smart I/X significantly
improves an integrated delivery network�s (IDN) ability to deliver
consistent and cost-effective high quality care by providing
physicians immediate access to comprehensive patient information to
help them make more informed and safe decisions at the point of
care,� said Keith Hagen, QuadraMed�s president and CEO. �In
addition to efficiently unifying individual patients� historical
and most current information, Smart I/X enhances enterprise-wide
care coordination and minimizes duplicate and overlapping records,
all of which reduce unnecessary tests, treatments and medical
errors.� QuadraMed�s Smart I/X uses probabilistic matching to
identify and link patient records--widely regarded by industry
experts as the best practice approach to record matching because of
its accuracy rate of 90 percent or higher. Organizations can
utilize the algorithm�s probabilistic logic combined with
organization-specific rules to automatically link records to
minimize manual review and reconciliation. The accuracy rate of
QuadraMed�s proprietary algorithm and the ease of use of the
software applications led the American Health Information
Management Association (AHIMA) to adopt QuadraMed�s Smart Identity
Management software in 2005 as part of its e-HIM� Virtual Lab
Project. The Virtual Lab is used to educate and train Health
Information Management (HIM) students and professionals nationwide
on the latest identity management technology. With Smart I/X, IDNs
can create a longitudinal view of clinical and financial data for
sharing patient records, tracking patient populations, monitoring
quality of care indicators, producing accurate billing statements
and connecting to HIEs. Smart I/X enhances the quality of care for
patients within the health system and improves the organization�s
operational efficiency. 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 650 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.
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