The Department of Veterans Affairs Awards $24 Million Contract to QuadraMed for HIM and Revenue Cycle Management Technology
10 Dezembro 2009 - 10:36AM
Business Wire
QuadraMed® Corporation, (NASDAQ:QDHC) today announced that the
Department of Veterans Affairs has renewed its annual Task Order
contract under its existing Blanket Purchase Agreement (BPA), with
a value of approximately $24 million for the current option period.
This renewal includes the term license for QuadraMed's Encoder
Product Suite (EPS), and for related training services for all
Veterans Affairs (VA) medical centers and existing Consolidated
Patient Accounting Centers (CPAC) nationwide during the
government's 2010 fiscal year (FY10). All VA medical centers have
been licensed to use QuadraMed EPS since 2005 under the current
BPA.
QuadraMed EPS is a comprehensive VistA-integrated Health
Information Management (HIM) and Revenue Cycle Management solution
that enables VA medical centers to enhance workflow through
efficient inpatient and outpatient coding, compliance, claims
editing and revenue-cycle management.
"VA medical centers serve a critical role in our nation’s
healthcare delivery for our veterans. The VA's renewal for FY10,
and its successful deployment of QuadraMed technology since 2005,
helps to demonstrate the tangible value derived from our solutions.
We are pleased to continue this strong partnership and look forward
to a productive 2010," said Duncan James, QuadraMed President and
CEO.
QuadraMed software solutions provide the following valuable
benefits and functionality to the VA medical center network:
- Increased data integrity and productivity through medical
records encoders
- Electronic work assignment within the VA’s HIM and billing
revenue cycle
- Communication tools that improve interdepartmental efficiency
and enhance encounter workflow
- Real-time compliance and staff productivity monitoring
- Customizable reporting for inpatient and outpatient
services
- CMS 1500 and UB 04 claims scrubber
The QuadraMed EPS solution integrates key data elements through
the VA's clinical packages and its Computerized Patient Record
System (CPRS) with revenue-cycle coding and billing tools, as part
of an integrated healthcare information system.
QuadraMed's valued subcontractors include DSS, Inc., MEGAS, and
Unicor with their VistA-integration utilities, case assignment,
reporting, claims auditing and professional fee coding tools. For
information about all QuadraMed products and related services,
visit www.quadramed.com or call 800-393-0278.
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).
Notwithstanding any statement or expression contained herein,
nothing contained in this press release states or implies that the
Department of Veterans Affairs endorses a product, project or
commercial line of endeavor.
QuadraMed is a registered trademark of QuadraMed Corporation.
All other trademarks are the property of their respective
holders.
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