QuadraMed Corporation announces agreement with HANYS Services, Inc. to market QuanTIM Contract Management.LARKSPUR Larkspur, city, United States Larkspur, city (1990 pop. 11,070), Marin co., W Calif., a prestigious residential suburb of San Francisco near Mt. Tamalpais; inc. 1908. The region's scenic beauty and excellent beaches attract many visitors. , Calif.--(BW HealthWire)--March 11, 1997--QuadraMed Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :QMDC) announced today the execution of an agreement with HANYS HANYS Healthcare Association of New York State Services, Inc., a subsidiary of the Hospital Association of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State, through which HANYS Services, Inc. will market QuadraMed's QuanTIM(TM) Contract Management system to hospitals and healthcare providers throughout New York. In addition, HANYS Services, Inc. will be responsible for installing the software and providing support and maintenance services to New York customers using the QuanTIM(TM) Contract Management system. QuanTIM(TM) Contract Management, used by providers nationwide for more than eight years, assists healthcare providers track and administer managed care and government contracts, accurately price claims according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. contract terms, model contracts and revenues and process detailed performance reports. This Agreement represents an expansion of QuadraMed's existing partnership with HANYS Services, Inc., who has marketed QuadraMed's QuanTIM(TM) DRG DRG, n the abbreviation for diagnosis-related group. DRG see dorsal respiratory group. DRG Diagnosis-related group Managed care A unit of classifying Pts by diagnosis, average length of hospital stay, and and Financial Performance Measurement modules since 1994. Jim Durham Jim Durham (born February 12, 1947 in Chicago, Illinois) is an American sportscaster. Since 1995, he has called numerous National Basketball Association games for ESPN and ESPN Radio. , QuadraMed's Chairman, President and Chief Executive Officer stated, "We have been extremely pleased with our relationship with HANYS Services and with their ability to successfully promote and support our products in New York. We look forward to this expanded relationship, which will allow New York healthcare providers to benefit from the use of this proven contract management software." Jane Israel, Executive Vice President of HANYS Services, Inc., stated, "In our continuing efforts to provide our clients with products that contain costs, improve performance and enhance operational efficiencies, we are pleased to introduce QuadraMed's QuanTIM(TM) Contract Management to New York providers. With the expiration of NYPHRM, the introduction of negotiated rates, and significant increases in managed care, the QuanTIM(TM) Contract Management system will be an invaluable tool." HANYS Services, Inc., a subsidiary of the Healthcare Association of New York State, has fulfilled its commitment to provide responsive, high-quality products and services that meet the needs of the healthcare community. HANYS Services offers a broad range of comprehensive products and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to a variety of healthcare providers. Working closely with hundreds of organizations, HANYS Services orchestrates innovative solutions that help each organization meet its individual short-term goals, realizing a long-term solution. QuadraMed develops, markets and sells a suite of financial management, decision support and electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. software products and network services that enable healthcare providers and payers to increase operational efficiency, measure the cost of care and more effectively administer managed care relationships. The Company also provides business office outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and cash flow management services. QuadraMed has sold its products and services to more than 410 healthcare providers, and eight payers, and has received endorsements from ten state and regional hospital associations. -0- Except for historical information, the matters discussed in this news release may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. Such risks and uncertainties are identified in the Company's reports and registration statements filed with the Securities and Exchange Commission, including the registration statement on Form SB-2 related to the Company's recent initial public offering and the Quarterly Report on Form 10-QSB for the quarter ended September 30, 1996. CONTACT: QuadraMed Corporation James D. Durham/John V. Cracchiolo, 415/461-7725 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion