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HEALTH RISK MANAGEMENT ANNOUNCES MAJOR CONTRACTS IN NEW MARKETS

 MINNEAPOLIS, March 12 /PRNewswire/ -- Health Risk Management, Inc., (HRM), (NASDAQ: HRMI), a full service supplier of comprehensive healthcare management, information and health benefit administration services, headquartered in Minneapolis, announced that it has signed a five-year contract to help develop a disability management program in Canada for The Great-West Life Assurance Company, headquartered in Winnipeg; and that it signed a two-year contract to provide healthcare management services for CareNetwork, Inc., a Wisconsin-based healthcare organization.
 HRM Develops Disability Management Program With Largest Disability Insurer In Canada:
 The five-year contract with Great-West Life Assurance Company to help develop a disability management program in Canada will be managed through HRM's Canadian subsidiary, Health Resource Management Ltd., headquartered in Edmonton. The development of the program will begin immediately, with implementation processes scheduled for March, 1993. The program is expected to grow significantly over the five years, and should bring $500,000 in revenues to HRM during the first year of operation.
 "Both contracts represent significant new markets for HRM," said Gary T. McIlroy, MD, HRM chair and chief executive officer. "While we have been serving Canadian clients in the areas of healthcare information analysis, care management consulting, and most recently, healthcare practice guidelines, the contract with Great-West represents our first entry into the Canadian market in the area of disability management. Because of the size of Great-West, this contract positions us as a leading player in the disability management sector," added Dr. McIlroy.
 "We are pleased to be offering this innovative approach to disability management," said Jim Grant, senior vice president, group- Canada. "By managing each case from the medical perspective, we believe the program will be most effective in assisting clients and claimants in achieving a smoother, more rapid return to work, benefiting all involved."
 Great-West Life Assurance Company is the largest group insurance carrier in Canada in terms of annual premiums and the largest disability insurer in Canada, with combined U.S. and Canadian assets of $22.9 billion.
 HRM Ltd. is a supplier of software-based clinical guidelines and care management services in Canada.
 HRM Enters HMO Healthcare Management:
 Under the two-year contract with CNI, HRM will provide healthcare management services for the CareNetwork HMO, using HRM's QualityFIRST(TM) healthcare practice guidelines. The contract represents approximately $1.0 million in revenues annually for HRM.
 "Historically," said Dr. McIlroy, "HRM has provided healthcare management services for self-insured employers, insurers, governmental units and unions, but not HMOs. By taking the core of our management services, the healthcare practice guidelines, to the external market, we can now offer HMOs and PPOs, as well as the clients we have been serving, the advantages of managing healthcare from first a medically- driven perspective, rather than from only the cost perspective. This has opened a new market for our company, and allows HMOs to now manage healthcare quality through appropriate medical decisions in addition to managing costs through networks and delivery systems.
 CareNetwork, Inc. is a Wisconsin-based healthcare organization comprised of an HMO with over 100,000 members, and managed care subsidiaries.
 Health Risk Management, Inc. is a full service supplier of comprehensive healthcare management, information and health benefit administration services in the United States.
 -0- 3/12/93
 /CONTACT: Nancy Hurd of Health Risk Management, 612-829-3749/
 (HRMI)


CO: Health Risk Management ST: Minnesota IN: HEA SU: CON

TM-LD -- NY004 -- 5389 03/12/93 08:30 EST
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Date:Mar 12, 1993
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