QuadraMed Signs Contract with Fremont-Rideout Health Group for Revenue Cycle and Health Information Management (HIM) Solutions
March 23 2009 - 8:22AM
Business Wire
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.
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