QuadraMed Launches New Electronic Data Interchange -- EDI -- Product; Chancellor EDI Accelerates Flow of Critical Billing Information.
SAN RAFAEL, Calif.--(BW HealthWire)--May 28, 2002
QuadraMed Corporation (Nasdaq:QMDC) today announced the launch of its latest EDI software product, Chancellor(TM) EDI. The software allows hospitals to expedite and improve the accuracy and flow of critical billing information in HIPAA compliant format to payors.
"Chancellor EDI gives hospitals the necessary tools to ensure that their claims are submitted and processed securely, accurately, and in a timely manner," said QuadraMed Chief Operating Officer Michael S. Wilstead. "Chancellor EDI allows hospitals to quickly complete and process their transactions and claims for faster and more accurate reimbursement. Its use improves hospitals' fiscal well-being by maximizing their accounts receivable collection and cash flow."
Chancellor EDI is designed to quickly download and edit data in conjunction with QuadraMed's data clearinghouse to process all claims. It allows hospitals to submit claims to payors in accordance with HIPAA regulations and enables them to compare claims against payor-specific requirements to ensure proper settlement. Chancellor EDI gives QuadraMed customers a range of flexible data interchange options and is compatible with a wide range of operating systems and network platforms.
"Our facility has used QuadraMed EDI Claims products since 1995. QuadraMed EDI products have had an extremely positive impact on our cash flow," said Mary Bennett, Business Office Manager at Central Kansas Medical Center (CKMC), beta site for the new product. "We have found at CKMC that the new Chancellor EDI software is user-friendly and increases our claims processing efficiency."
About QuadraMed Corporation
QuadraMed is dedicated to developing information technology and providing consulting services that help healthcare professionals deliver outstanding patient care with optimum efficiency. Offering real-world solutions for every aspect of acute care information management, QuadraMed has four main product lines: Affinity(R) Healthcare Information System, Quantim(R) Health Information Management Software and Services, Complysource(R) Compliance Solutions, and Chancellor(TM) Financial Products and Services. Behind our products and services are nearly 1000 professionals whose healthcare experience has earned QuadraMed the trust and loyalty of its many customers. To find out more about QuadraMed, visit www.quadramed.com.
QuadraMed, Affinity, Quantim, and Complysource are registered trademarks of QuadraMed Corporation. Chancellor is a trademark of QuadraMed Corporation. All other trademarks and registered trademarks are the properties of their respective holders.