NEWS

Quantros Acquires Medcast Health Analytics to Expand its Outcomes and Performance Insight Solution Suite

Strategic Acquisition Breaks Down Data Silos Creating Integrated Solutions for Quality, Safety, Compliance, and Financial Performance Analytics

October 2, 2008 - San Francisco, CA - Quantros, a leading provider of safety, quality, and compliance software data infrastructure solutions for the healthcare industry, today announced the acquisition of Medcast Health Analytics (Medcast), a provider of web-based clinical utilization and financial analytic solutions. The integration of Medcast technologies within the Quantros Platform will offer healthcare organizations a new level of safety and quality performance insight and intervention impact analyses.

Today’s healthcare executives are faced with increasing regulatory changes and reimbursement pressures including emerging Pay-for-Performance (P4P) initiatives. This is further emphasizing the need for a new breed of decision support tools. Key stakeholders have long been searching for the ability to comprehensively view the impact of care delivery methods, implemented quality initiatives, and related labor and technology investments on clinical and financial outcomes. Healthcare organizations continue to have difficulty integrating data across disparate systems thus preventing detailed analysis of clinical quality, patient safety, compliance, and operational performance results.

Quantros solutions combined with Medcast’s technology create a flexible, intelligent means of accessing associated clinical, financial, and operational data within a single, integrated platform. This combination will enable real-time analysis of various intervention efforts and their corresponding impact on such measures as length of stay, charges, system inefficiencies, and readmission rates. Access to this information is critical given the P4P and "at risk" reimbursement environment in which healthcare organizations operate.

Sanjaya Kumar, MD, President and CEO of Quantros notes, "Healthcare executives are making resource and investment decisions everyday that impact the quality and safety of care within hospitals with little or no insight into the results of such interventions. The Medcast acquisition will allow Quantros to provide a detailed, integrated view of quality, safety, compliance, and related financial outcome data for real-time monitoring of clinical performance and its impact on overall financial and operational metrics."

The need for this insight and analytics capability has been strongly voiced by the Quantros user community, which represents more than 1,800 healthcare facilities throughout the United States, providing the foundation behind the Quantros acquisition of Medcast. Quantros will use Medcast’s technology to create a new suite of applications and to provide additional modules to the existing Quantros Suite of Solutions - Safety and Risk Management (SRM), Regulatory Reporting Management (RRM), Accreditation and Compliance Excellence (ACE), and Insight.

"Quantros, more than any other company within the clinical quality, safety, and decision support market, possesses both the platform architecture and data infrastructure needed to leverage the advanced financial analytics created by Medcast" expressed Drew Kahn, Principal for Medcast. "The solutions resulting from this acquisition will provide a new stratum of decision support guidance and data access for healthcare management."

This acquisition advances Quantros' mission of delivering the most comprehensive, integrated suite of quality, safety and compliance management and analytics technology solutions for the healthcare industry.

Quantros was advised by the investment banking firm of B.C. Ziegler and Company. Zeigler provides strategic advisory and financial services to leading healthcare services and healthcare information technology companies.

About Quantros

Quantros provides real-time solutions for safety and risk management, outcomes and performance monitoring, accreditation and compliance, and surveillance and decision support for leading healthcare providers throughout the nation. Quantros' web delivered applications provide a standard platform that creates actionable knowledge that helps its clients save lives, improve quality, and conserve assets. Through a variety of direct sales and vendor partners, more than 1,800 healthcare facilities use Quantros’ web-based technology solutions every day.

Quantros team members include physicians, nurses and healthcare professionals as well as an experienced team of information technology specialists. Visit Quantros on the web at www.quantros.com.

About Medcast

Medcast Health Analytics provides advanced financial analytics and physician-level data solutions for the healthcare industry. The company’s technology helps hospital and provider networks better understand complex financial and operational performance indicators tied to specific departments and various medical personnel. Through the use of its sophisticated social network analysis software, Medcast is able to uncover patterns of interaction enabling resource utilization management, quality improvement and medical staff profiling development.