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News

QuadraMed receives $21.8m contract for HIM and revenue cycle management technology

QuadraMed : 14 December, 2007  (New Product)
The Department of Veterans Affairs has again awarded QuadraMed an annual Task Order contract under its existing Blanket Purchase Agreement, with a stated value of approximately $21.8 million.
The Task Order renews the term license for QuadraMed's Encoder Product Suite (EPS), and for related training services for all Veterans Affairs (VA) Medical Centers nationwide during the government's 2008 fiscal year (FY08). VA Medical Centers have been licensed to use QuadraMed EPS since 2005.

QuadraMed EPS is a comprehensive VistA-integrated Health Information Management (HIM) and Revenue Cycle Management solution used by the HIM and billing departments of all VA medical centres. It includes software for inpatient and outpatient coding, compliance, claims editing and revenue cycle workflow.

'This Task Order underscores the quality and value that we believe QuadraMed has consistently delivered to the Department of Veterans Affairs,' said Keith Hagen, QuadraMed president and CEO. 'By delivering this value solution, QuadraMed has and will continue to take an active role in helping VA medical centres more efficiently manage the high quality of care they provide, while helping to contain the cost of that care to taxpayers.'

The $21.8 million Task Order includes annual term software licenses of $18.3 million, providing an increase of approximately $4.8 million in FY over FY contracted license fees, and services of $3.5 million for the government's fiscal year 2008, which ends on September 30, 2008. Additionally, QuadraMed was granted an extension to the fiscal year 2007 contract through March 2008, in order for it to deliver the remaining $2.3 million of the services under that order.

The following QuadraMed functionality has been found to provide value across the VA Medical Center network:

- Increased data integrity and productivity through coding wizards, real-time compliance monitoring, and customisable billing and coding edits

- Electronic work assignment

- Customisable reporting for inpatient and outpatient encounters

- CMS and UB claims scrubber

- Communication tools supporting inter-departmental efficiency and encounter workflow

- Proven QuadraMed integrated HIM technology.

The QuadraMed EPS solution integrates key clinical elements through the VA's clinical package, CPRS, with revenue cycle coding and billing tools. These tools provide an integrated healthcare information system for the VA.

QuadraMed's valued subcontractors include DSS, MEGAS, and Unicor, with their VistA-integration utilities, case assignment, reporting, claims auditing and professional fee coding tools.
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