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EPSi and Quantros Announce Strategic Partnership To Integrate Financial, Clinical Quality, Safety and Facility Operations Data

September 11, 2007 St. Louis, MO and San Francisco, CA - Enterprise Performance Systems, Inc. (EPSi), a leading provider of financial decision support systems and Quantros, a leader in quality, compliance, and safety and risk event workflow management solutions and analytic decision support tools, announced today that they have entered into a strategic partnership agreement to develop innovative new product offerings that merge financial, quality and patient safety data to enable healthcare providers to dramatically improve their decision making and operations oversight capabilities. This will allow clients using solutions from Quantros and EPSi to further maximize returns on their data infrastructure investments.

The mission of this partnership is to provide common clients with solutions that merge clinical quality and safety indicators with actual patient level costs, operational productivity information, and financial planning data to further empower and enable healthcare providers to improve upon their organization's processes and associated outcomes. The goal is to have the combined data to be integrated and displayed in real-time via executive dashboards, balanced scorecards and detailed analytic reporting modules. Unlike traditional healthcare benchmarking systems that compare months old normalized data, this innovative approach will provide healthcare decision makers with immediate feedback regarding their actual performance on process related measures, including clinical and financial outcome measures, patient safety and risk metrics, clinical resource utilization information, patient level costs - all also stratified at the physician or department level. Healthcare providers using these solutions will have access to a new level of key actionable knowledge to make more timely and effective decisions, improve patient care, monitor the ROI of implemented interventions, and assist in lowering the cost of care.

"This partnership represents the next evolution of healthcare decision support and will result in unprecedented value to the industry," said Tim Rutledge, CEO of EPSi. "The combined products resulting data and analysis will create many new improvement opportunities for our combined client base, which is currently over 25% of the U.S. healthcare market. We feel this approach will allow healthcare organizations to break new ground regarding how they manage daily operations, measure their financial, clinical and operational performance, and create their long range strategic plan."

EPSi and Quantros will integrate their software, blinded comparative databases and analytic toolsets to create this new platform for interested clients. The combined solutions will enable current and future clients to leverage both companies existing products and services by adding this new expanded and merged view of their data. The results will be presented with detailed drill down capabilities, enterprise-wide reporting and comparative analysis. One key goal of the effort is to produce a sustainable organizational accountability and measurement system that does not require significant consulting efforts for clients to maintain.

Healthcare providers today do not have a true real-time, integrated view of clinical and financial data. Yet it is this data that is crucial to making timely and accurate decisions concerning the future of their organizations," noted Sanjaya Kumar, MD, President and CMO of Quantros. "The Quantros and EPSi partnership, with our combined industry core competencies and data repositories, have every component to provide this crucial information to healthcare management teams and deliver a new level of accessible intelligence unlike anything else in the market today."

Ziegler, a leading healthcare investment banking firm, was instrumental in bringing EPSi and Quantros together in discussing the partnership opportunity.

About EPSi

EPSi provides its Integrated Performance Improvement suite of web-based, integrated financial decision support applications that automate flexible budgeting, product line budgeting, productivity, cost accounting, financial modeling, contract management, product-line analysis, enterprise-wide reporting and executive dashboard presentation. EPSi's software solutions serve over 250 hospitals and health systems based on its advanced design and ability to broadly distribute application functionality, reporting and analytics to end users.

EPSi Website: http://www.epsiconnect.com

About Quantros

Quantros provides real-time knowledge creation solutions for benchmarking, patient safety, accreditation and compliance, and outcomes monitoring for leading healthcare providers, payers, and pharmaceutical manufacturers. Quantros' web delivered applications provide a standard platform for automating resource intensive manual processes. Through a variety of direct sales and vendor partners, more than 1,000 hospitals are licensed to use Quantros' web-based technology solutions.

Quantros team members include physicians, nurses and healthcare professionals. We are a healthcare information management technology company with a difference; our key product decisions are driven by experts in healthcare quality and performance improvement, safety, compliance, risk management and nursing.

Quantros website: http://www.quantros.com

 

Press Contact

Dan Conley
Beacon Communications
(312) 593-8461
http://www.quantros.com
dconley@beaconpr.com

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