RESTON, Va.–(BUSINESS WIRE)–QuadraMed® Corporation, (NASDAQ:QDHC) today announced that the Department of Veterans Affairs has renewed its annual Task Order contract under its existing Blanket Purchase Agreement (BPA), with a value of approximately $24 million for the current option period. This renewal includes the term license for QuadraMed’s Encoder Product Suite (EPS), and for related training services for all Veterans Affairs (VA) medical centers and existing Consolidated Patient Accounting Centers (CPAC) nationwide during the government’s 2010 fiscal year (FY10). All VA medical centers have been licensed to use QuadraMed EPS since 2005 under the current BPA.
QuadraMed EPS is a comprehensive VistA-integrated Health Information Management (HIM) and Revenue Cycle Management solution that enables VA medical centers to enhance workflow through efficient inpatient and outpatient coding, compliance, claims editing and revenue-cycle management.
“VA medical centers serve a critical role in our nation’s healthcare delivery for our veterans. The VA’s renewal for FY10, and its successful deployment of QuadraMed technology since 2005, helps to demonstrate the tangible value derived from our solutions. We are pleased to continue this strong partnership and look forward to a productive 2010,” said Duncan James, QuadraMed President and CEO.
QuadraMed software solutions provide the following valuable benefits and functionality to the VA medical center network:
· Increased data integrity and productivity through medical records encoders
· Electronic work assignment within the VA’s HIM and billing revenue cycle
· Communication tools that improve interdepartmental efficiency and enhance encounter workflow
· Real-time compliance and staff productivity monitoring
· Customizable reporting for inpatient and outpatient services
· CMS 1500 and UB 04 claims scrubber
The QuadraMed EPS solution integrates key data elements through the VA’s clinical packages and its Computerized Patient Record System (CPRS) with revenue-cycle coding and billing tools, as part of an integrated healthcare information system.
