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QuadraMed acquires Misys CPR to drive care management growth

QuadraMed : 24 September, 2007  (New Product)
QuadraMed has acquired the Misys Computerized Patient Record (CPR) assets of Misys Healthcare, a division of Misys.
Misys CPR, an award winning clinical information system, will be initially renamed QuadraMed CPR as QuadraMed completes the integration of the CPR business.

'QuadraMed CPR immediately strengthens our capacity to serve our clients and to compete for clinical information systems business in large hospitals and multi-facility engagements' said QuadraMed CEO Keith Hagen. 'QuadraMed is nationally recognised as a leader in Access and Identity Management, Health Information Management and Revenue Cycle Management solutions, and the addition of QuadraMed CPR improves the Care Management component of our Care-Based Revenue Cycle strategy.'

Following the July 22, 2007 announcement of QuadraMed's planned acquisition of CPR, members of the company's senior management team, including Keith Hagen, conducted meetings with existing QuadraMed Care Management clients, as well as Misys CPR clients and staff. 'This acquisition generated considerable excitement and positive reaction from the existing clients and staffs of both companies. The consensus is that CPR presents QuadraMed with an outstanding opportunity for accelerated growth; we believe this to be a win-win for our clients, employees, and investors alike,' said Hagen.

QuadraMed has offered employment to about 135 people and will assume new office space in San Bernardino, California and New York City. QuadraMed currently operates seven offices throughout the USA.

The foundation components of the QuadraMed Care-Based Revenue Cycle include solutions for Access and Identity Management, Care Management, Health Information and Revenue Cycle Management. The integrated end-to-end solutions combine with CPR to create a product line designed to optimise the quality and safety of patient care. The solutions help clients convert quality care into financial health, enabling them to receive the proper reimbursement in the shortest time, at the lowest administrative cost.

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