|
Quovadx Announces Winners of the 2001 Innovative Solution Awards
Clients Honored for Industry-Leading Application of Quovadx's Technology
ENGLEWOOD, CO (November 15, 2001) —Quovadx, Inc. (Nasdaq: QVDX), a leading provider of
Total Business Integration (TBI) software and services, today announced it awarded seven winners
in the third annual Innovative Solutions Award program presented last month at its Integrate 2001
User Conference in Atlanta, Georgia.
HCA, Medibuy, MedUnite, Memorial Hermann Hospital System, Novant, OhioHealth and TransUnion LLC
were recognized for their success in formulating and implementing solutions based on Quovadx's
technology. Each company successfully demonstrated an industry leadership position in innovation
and the transformation of traditional business practice.
"These awards are meant to honor those that have taken a leadership position in innovation and
have demonstrated that our technology solves real problems, meets the tremendous demands of today's
healthcare system and defies what seems impossible. We are proud to be an integral part of helping
our customers execute their vision for the people they serve," said Lorine Sweeney, President and
CEO of Quovadx.
Winners were selected in six distinct categories: best use of the QDX Integrator(TM) (formerly
CloverleafConX) integration engine, e-procurement integration, connectivity, indexing, the QDX BPMS
product (formerly WebConX) and the utilization of XML-based technology.
The QDX Integrator winners: HCA, the nation's leading healthcare provider, wins for receiving an
overall 3.5 (out of 4.0) rating on their customer satisfaction survey by successfully migrating
from their in-house integration engine to QDX Integrator with a specially designed Quovadx utility
called "Qbirt" in just under 12 months. With this tool, the complexity of configuration was reduced
to a series of pre-defined templates, speeding the time to market and the ability to migrate over
5,000 interfaces from a variety of systems.
OhioHealth also receives an award in this category for supporting the development of a single
source thread that raw-routes messages to each of many "redirection" threads, a technique used to
distribute the translation load to multiple processes that do not involve message transmission. To
date the team has migrated, developed and currently maintains 328 threads, 76 processes and eight
sites.
The e-procurement integration winner: Medibuy wins this award for creating a state-of-the-art
marketplace, Medibuy Marketplace(TM), while integrating leading materials management and ERP
systems using Quovadx's e-procurement integration solution and their Access(TM) product. The power
of this combination is streamlining procurement and supply chain processes, accelerating healthcare
provider connections with suppliers, and streamlining invoice reconciliation by enhancing order
cycle management.
The Connectivity winners: TransUnion wins for extending the advantages of Internet connectivity
to healthcare by integrating their consumer information database into the healthcare registration
process and providing real-time access to information at the point of service. In addition, they
developed an innovative risk management solution including identification validation, fraud
detection and credit determination services.
Using Quovadx's data access, integration, hosting and delivery tools, TransUnion was able to
use a product called ExpressCheck(SM) to incorporate nearly 100 different database and logic
checks, enabling up-to-date and verified patient data to be sent directly to providers' existing
systems. This solution is part of TransUnion's Identification and Financial Management program,
which recently received the "best in class" exclusive endorsement of the American Hospital
Association.
The Indexing winner: Memorial Hermann Hospital System wins this award for their use of Quovadx's
indexing solution allowing real-time passive mode and active-mode integration. This solution was
used in conjunction with their rollout of another system. The original load consisted of 3.8
million records from three patient management systems for nine hospitals in the greater Houston
area, and uncovered 800,000 potential duplicates within the system.
The QDX BPMS winner: Agreeing to be a beta site, Novant Health wins for employing QDX BPMS
(Business Process Management System), Quovadx's new legacy- to-web product. By bridging the gap
between web applications, databases and legacy systems Novant will provide physicians with secure,
fast and convenient access to patient data, reports and images through a physician portal.
The XML-based technology winner: MedUnite was given this award for their groundbreaking work in
real-time, Internet-based connectivity that enables physicians, insurers and other healthcare
constituents to efficiently, economically and securely handle a variety of administrative
transactions. The result is a unified, web-based platform that allows for the real-time processing
of administrative transactions that enable members to share and process information securely between
disparate legacy systems.
"We congratulate all of our winners on their adoption of next-generation alternatives and
invaluable contributions to healthcare, and look forward to being a part of their next challenge,"
said Lorine Sweeney, president and CEO of Quovadx.
About Quovadx, Inc.
Quovadx, Inc., formerly XCare.net, Inc., is a trusted provider of Total Business Integration
(TBI) products and services. The Company provides an end- to-end business infrastructure and
integration software suite, as well as end- to-end service capabilities including consulting,
transaction hosting, operations management and outsourcing for business-critical applications.
Using its XML-based QDX Platform, Quovadx helps more than 1000 organizations in healthcare, media
& entertainment, and the public sector streamline business processes, solve difficult process
integration challenges, and unlock the value of legacy system investments to achieve rapid return
on investments. The Company is headquartered in Englewood, CO, and operates nationally with locations
in nine major metropolitan cities in the U.S. For more information, please visit
http://www.quovadx.com. The Company's NASDAQ stock ticker symbol "XCAR" changed to
"QVDX" effective, October 1, 2001.
About Medibuy
Medibuy is a business services provider that offers healthcare providers and suppliers integrated
Internet-based commerce software and hosted supply chain tools. Medibuy is integrating with leading
MMIS and ERP systems and automating enterprise-wide procurement processes that enable healthcare
providers and suppliers reduce many inefficiencies of the traditional healthcare supply chain.
Medibuy's Marketplace(TM) provides substantial benefits by reducing order processing and tracking
costs and improving the utilization of data relating to products, equipment, services, transactions
and market trends. Medibuy has a growing network of strategic relationships with technology and
healthcare leaders including Commerce One, Lawson Software, Premier Inc., and HCA. For more
information on Medibuy or to register with the company, please visit the company's Web site at
http://www.medibuy.com.
About MedUnite
MedUnite is a full-spectrum technology service company promoting the evolution from inefficient,
paper-based healthcare business transactions to economical, real-time Internet-based connectivity
for physicians, insurers and other healthcare constituents. Its open technology model enables
confidential, secure access for all providers and insurers. For more information, visit
http://www.medunite.com.
About Memorial Hermann Healthcare System
Memorial Hermann, a not-for-profit health care system, provides quality, comprehensive programs
and services for a person's whole life. Through its 11 hospitals located in the Texas Medical
Center and the greater Houston area, Memorial Hermann offers the convenience of health care in
neighborhoods where people live and work as well as easy access to the resources and technology
of a university-affiliated teaching hospital. Memorial Hermann takes a holistic approach to health
care, offering programs and services that address the physical, social, psychological and spiritual
aspects of well being. For more information, visit http://www.memorialhermann.org.
About Novant Health
Novant Health was formed July 1, 1997 by the merger of Carolina Medicorp, Inc. (now Novant Health
Triad Region) of Winston-Salem and Presbyterian Healthcare System of Charlotte. The merged system
currently serves more than 2.2 million people in 18 counties across three states, creating a
corridor of care through the Piedmont from southern Virginia to northern South Carolina. Novant
Health employs more than 12,000 people, and eight inpatient hospitals for nearly 2,000 licensed
beds. For more information, visit http://www.novanthealth.org.
About OhioHealth
OhioHealth is a Columbus-based, not-for-profit organization consisting of a family of hospitals,
health and surgery centers, a home health and medical equipment service, insurance products and
other health services serving a 46- county area. OhioHealth hospitals in central Ohio are Doctors
Hospital North, Doctors Hospital West, Grant Medical Center and Riverside Methodist Hospital. More
information can be obtained on the Internet at http://www.ohiohealth.com.
About TransUnion
TransUnion LLC is a leading global information solutions company that customers trust as a business
intelligence partner and commerce facilitator. TransUnion offers accurate and reliable financial
data through a broad range of products and services that enable customers to manage risk and
capitalize on market opportunities. The company uses leading-edge technology coupled with extensive
analytical capabilities to prevent fraud and facilitate credit transactions between businesses and
consumers across multiple industries and channels, including the Internet. Founded in 1968,
Chicago-based TransUnion employs 3,600 associates that support clients in 24 countries. Visit us at
http://www.transunion.com.
Cautionary Statement: This press release contains "forward-looking statements" that are made
pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are generally preceded by words that imply a future state such as
"expected" or "anticipated" or imply that a particular future event or events will occur such as
"will." Investors are cautioned that all forward-looking statements in this release involve risks
and uncertainties, including risks relating to Quovadx's ability to successfully expand into
markets other than the healthcare market, and other risks described in the Company's annual and
quarterly filings with the SEC, copies of which are available without charge from the Company or
from the SEC at http://www.sec.gov. Quovadx recently changed its name from XCare.net and please
refer to XCare.net documents at the SEC. SOURCE Quovadx, Inc.
|
