CITATION Adds Contract Management System, Announces Charge for U.K. Restructuring.ST. LOUIS--(BUSINESS WIRE)--Aug. 27, 1996--CITATION Computer Systems, Inc. today announced it has acquired the Healthcare Reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. Management System (HRMS HRMS Human Resource Management System HRMS High Resolution Microwave Survey (SETI, Project Phoenix) HRMS High Resolution Mass Spectroscopy HRMS High Resolution Molecular Spectroscopy HRMS Human Resources Management Specialist ) from Computer Systems Excellence (CSE (Certified Systems Engineer) See Microsoft certification. ) and will market the product under the name C-MAX Contract Management System. C-MAX is an easy to use, bottom line oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. , Windows-based contract management system that provides information needed to manage complex managed care contracts and indemnity payers. The system consists of two interconnecting modules: a reimbursement management module that documents and tracks the management and profitability of contracts, prospective payments and claims; and a systems management module that controls the link to the healthcare provider s patient accounting system. Thirty-nine hospitals in the United States Lists of hospitals for each U.S. state:
"This acquisition illustrates our commitment to deliver total solutions to our customers, either by developing the product ourselves or by adding an existing product to our line," said J. Robert Copper, CITATION s chairman and chief executive officer. "C-MAX fills a critical need by making the process of billing for managed care simpler for healthcare providers." Allan Adams, founder of CSE, said, "CITATION s strength as a public company and its experience as a full-line healthcare information systems provider will add value to those clients who have installed and are using the original HRMS system. We will work closely with CITATION to ensure a smooth transition for our HRMS clients." Separately, CITATION announced that, as part of its ongoing efforts to reduce costs and improve operating efficiency, it will take a $1.2 million pre-tax charge against earnings in the second quarter of fiscal year 1997 for restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of its operations in the United Kingdom. The company will consolidate development and other functions previously performed in the U.K. into its St. Louis headquarters location and write off capitalized software related to discontinued dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: development projects. The restructuring will have an estimated impact of $0.19 a share on second-quarter earnings and require a cash outlay of approximately $300,000, principally for severance and closure costs. CITATION provides comprehensive client/server information systems for clinical areas, financial/administrative areas, and a community-wide registration system. CITATION's systems are found in more than 600 healthcare facilities throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, the United Kingdom, Ireland, Asia-Pacific and other countries. CITATION has headquarters in St. Louis, with an office in London, England. CONTACT: CITATION Computer Systems Rick Neece, 314/579-7900, Ned Maniscalco for CITATION, 314/982-1700 |
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