ActaMed and HCIA Announce Business Partnership.ATLANTA--(BUSINESS WIRE)--May 13, 1996--ActaMed and HCIA HCIA Hungarian Chemical Industry Association HCIA Hazardous Chemicals Information Act HCIA Hague Convention on Intercountry Adoption today announced the formation of a strategic alliance to offer HCIA's information products through ActaMed's integrated health information networks, providing real-time delivery of industry-leading clinical outcomes measurement tools to ActaMed customers. Under the alliance, ActaMed will license HCIA's clinical databases and DataBridge(TM) technology, including its ICCS ICCS International Conference on Conceptual Structures ICCS International Council for Canadian Studies (Conseil International d'Études Canadiennes) ICCS International Council for Canadian Studies data-coding system, which standardizes patient data across different hospitals and multiple clinical settings for measurement and comparison of the cost and quality of competing medical interventions, clinical choices, and provider practices. The companies have been working jointly on development and expect to begin receiving data from selected ActaMed customers within six months. "We are pleased to be working with the recognized health care information content leader," said Michael K. Hoover, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ActaMed. "HCIA's data standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting methods and comparative databases will greatly enhance the systems ActaMed builds, allowing our customers to identify and address the clinical and financial opportunities and vulnerabilities that exist within their delivery systems and hospital networks." "This alliance represents a strategic partnering of parallel and highly complementary efforts to transform disparate patient data into uniform and actionable health care information," said George D. Pillari, Chairman and CEO of HCIA. "By linking patient information across the continuum of care, ActaMed's technologies are the linchpin linch·pin or lynch·pin n. 1. A locking pin inserted in the end of a shaft, as in an axle, to prevent a wheel from slipping off. 2. in managing the delivery of health care services. HCIA's products provide for aggressive analysis of that information to lower health care costs and improve patient outcomes." ActaMed has developed a distributed database A database physically stored in two or more computer systems. Although geographically dispersed, a distributed database system manages and controls the entire database as a single collection of data. architecture that creates enterprise or community-wide health information networks. Independent network participants, such as physicians, hospitals and payers, retain ownership and control of their own data, but may share it real-time with other participants. Network information is linked through ActaMed's object-oriented Global Master Person Index (GMPI GMPI Generalized Music Plugin Interface ), which enables a virtual longitudinal patient record. ActaLink networks are payer and provider neutral. HCIA Inc. (Nasdaq:HCIA) is a leading healthcare information content company that develops and markets clinical and financial decision support systems and products used by hospitals, integrated delivery systems integrated delivery system Integrated provider Medical practice A coordinated health care system formed by physician groups and hospitals which ↑ efficiency and ↓ redundancy in providing health care; IDSs coordinate delivery of a broad range of health , managed care organizations, and pharmaceutical manufacturers. The Company's databases and products are used to benchmark clinical performance and outcomes, profile best practices, and manage the cost and delivery of healthcare. CONTACT: ActaMed Corporation, Atlanta Nancy J. Ham, 770/551-1600 or HCIA Inc., Atlanta Jean Chenoweth, 410/332-7515 |
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