NDCHealth Sells Six Hundredth Unit Of NDC ePREMIS(TM) Claims Management System Into The Hospitals And Health Systems Market

ATLANTA, Oct. 21 /PRNewswire-FirstCall/ -- NDCHealth Corporation today announced that its NDC ePREMIS(TM) Claims Management system is receiving high marks from hospital users and is gaining widespread market adoption.

Introduced in December 2002, NDC ePREMIS Claims Management has been selected by more than 600 U.S. healthcare facilities. NDC ePREMIS Claims Management is a workflow-oriented, HIPAA-ready, web-based system with industry-leading claims editing capabilities that helps hospitals and health systems manage their revenue cycle processes. It is the cornerstone offering in an innovative family of revenue cycle management solutions for healthcare providers from NDCHealth. It is available in two delivery modes - NDCHealth hosted or turnkey for organizations that choose to host the system in their data center.

Customers such as Saint Vincent Health Center and Texas Health Resources- Presbyterian Hospital of Dallas are praising NDC ePREMIS Claims Management for greatly improving the speed of payments, decreasing claim errors and streamlining processes. Since adopting NDCHealth's claims management solutions, St. Vincent, a 450-bed hospital in Erie, Pa., that processes over 15,000 claims per month, has reduced its days in accounts receivable days outstanding from the high 80s to below 40.

"The editing capabilities of the NDCHealth claims management solution has allowed us to improve our first time claim acceptance rate and as a result has contributed to our reduction in accounts receivable days," said Doug Myers, chief financial officer, Saint Vincent Health Center.

"We find the ASP model of Claims Management, hosted by NDCHealth, extremely trustworthy," said Jerry Bossbach, director, third-party billing, Texas Health Resources-Presbyterian Hospital.

Claims Management is part of ePREMIS, NDCHealth's end-to-end revenue cycle management solutions that provide efficient, high quality interactions between health care providers and payers throughout the continuum of care. NDC ePREMIS includes solutions for Verification Management such as eligibility and medical necessity compliance checking, Claims Management, Remittance Management and patient correspondence processing. NDCHealth also provides a comprehensive suite of complimentary professional services.

"NDC ePREMIS Claims Management has become the fastest selling claims management product in the history of our company," said Walter Hoff, chairman and chief executive officer, NDCHealth. "We are gratified to see so many healthcare providers realizing its benefits. This cost-effective solution supports enhanced cash flow and simplified administrative tasks, thereby enabling hospitals to devote more time and resources to their core healthcare mission."

About NDCHealth Corporation

NDCHealth is uniquely positioned in healthcare as the leader in point-of- service systems, electronic connectivity and information solutions to pharmacies, hospitals, pharmaceutical manufacturers, physicians and payers. For more information, please contact the company at http://www.ndchealth.com/ .

About NDCHealth Hospital Applications and Services (HAS)

NDCHealth's HAS customer group has been providing quality healthcare technology solutions to the United States market for more than 20 years. Its offerings are in use in more than 25 percent of all U.S. hospitals, and more than 40 percent of hospitals with greater than 400 beds. NDCHealth's hospital systems, NDC ePREMIS and its predecessor NDC PREMIS, are in operation in 1,800 health facilities, and process $360 billion in claims annually, representing nearly one-third of all U.S. healthcare claims.

NDCHealth and NDC ePREMIS are trademarks of NDCHealth Corporation. All other company and product names mentioned may be trademarks of the company.


CONTACT: Robin Wrinn of NDCHealth Corporation, +1-404-728-2214, orrobin.wrinn@ndchealth.com

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