RICHMOND, Calif.--(BUSINESS WIRE)--Feb. 22, 1999--QuadraMed Corporation (Nasdaq:QMDC), a leading healthcare information technology company, today will unveil OneLook(TM), a unique enterprise solution for any desktop in the healthcare system, at the Healthcare Information and Management Systems Society Conference (HIMSS) in Atlanta. A Web and Windows(R)-based application, OneLook provides immediate and secure access to patient data from any department in the hospital or provider network.
"OneLook is changing the daily practice of medicine," says Dr. Anthony Balsamo, chief of orthopedics at Holy Redeemer Hospital in Philadelphia and beta user of OneLook Technology. "OneLook helps me make quality medical decisions in a cost-effective fashion that benefit my patients and my practice. By providing one simple format to view patient information, I can access important data quickly and easily."
Several healthcare industry analysts consent that more than $250 billion was spent in 1998 on the delivery of unnecessary medical care and needless administrative expenses.
"Most industries that are in a highly competitive environment invest more than 10 percent in information technology, while the healthcare industry only invests 1.5 to 2.5 percent," said James Durham, QuadraMed chairman and CEO. "The benefits OneLook brings to existing information technologies is representative of QuadraMed's mission to provide comprehensive solutions for the healthcare industry. This innovative technology, originally developed for the defense industry, is cost-effective, increases productivity and can improve clinical outcomes."
Key features of OneLook include...
-- gives physicians, nurses and clinicians a secure,
easy-to-use portal to patient information across the
enterprise -- from the Web or Windows PC's
-- gives business office users quick access to management and
financial data from legacy systems
-- creates a bi-directional link to the Web -- physicians can
enter new patient orders, for example, as they view the
patient's lab results
-- accessible from anywhere in a provider's network -- via Web,
Intranet, LAN or WAN -- with complete security
-- supports use of hand-held Windows(R) CE devices
-- benefits patients by minimizing their wait for services and
paper work, as lab results and demographic information are
delivered quickly to physicians and caregivers
-- easy, low cost implementation via the Web -- no changes are
required to legacy systems, no interfaces need to be built
and no costly 'application servers' need to be installed
-- compatible with standard Web browsers, Windows '95/'98/NT
PC's, Windows Terminal Server(R) and Citrix MetaFrame(R) --
with the same look and feel on every platform
-- developed in partnership with Health+Cast(TM), a leading
provider of secure, mission-critical systems for the
Internet and Windows with over 12 years experience
Concurrent with new product introductions such as OneLook, QuadraMed continues to strategically move toward a leadership position in the healthcare information technology industry and expand its resources in the enterprise solution market. On February 3, QuadraMed took an important step in that direction with its acquisition of Compucare, a provider of enterprise systems to hospitals and integrated delivery networks.
QuadraMed Corporation uses technology to transform disparate healthcare data into valuable, enterprise-wide information. Providing and distributing meaningful information through its software, services and Internet solutions, QuadraMed has enabled its 3,800 customers in the U.S. and Canada to generate operational efficiencies, improve cash flow and measure the cost and quality of care. QuadraMed has implemented its product and service solutions in more than 60 percent of the nation's hospitals. For more information about QuadraMed, its products and services, visit http://www.quadramed.com.
EDITORS NOTE: For a live demonstration of OneLook, attend the OneLook media briefing from 4:00 to 4:30 PM on Monday, February 22, at HIMSS conference room 158W or visit QuadraMed at booth No. 3161
Except for the historical financial information contained herein, 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 are not guarantees of future performance and involve a number of risks and uncertainties; actual results could differ materially from those indicated by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: (i) variability in quarterly operating results, (ii) identification, consummation and assimilation of acquisitions, (iii) dependence on large orders and customer concentration, (iv) dependence on hospitals and demand for the Company products and services in the healthcare information systems and services markets, (v) legislative or market-driven reforms in the healthcare industry, (vi) the Company's ability to develop and introduce new products, (vii) management of the Company's changing operations, (viii) dependence on key personnel, (ix) development by competitors of new or superior products or entry into the market of new competitors, (x) risks related to product defects, (xi) risks associated with pending litigation, (xii) dependence on intellectual property rights, (xiii) volatility in the Company's stock price and historically low trading volume, (xiv) the success or failure of strategic alliances, (xv) risk of interruption in data processing, (xvi) risks associated with certain investments in early stage companies, and (xvii) other risks identified from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K/A filed on April 20, 1998, the registration statement on form S-4 filed with the Securities and Exchange Commission in January 1998 and the Quarterly Report on Form 10-Q for the period ended September 30, 1998.