Nuance Acquires Quantim, a QuadraMed HIM Business

Nuance Acquires Quantim, a QuadraMed HIM Business

Accretive Transaction to Integrate Nuance CLU and Quantim Coding to Increase Productivity and Ensure Accurate Reimbursement for Healthcare Providers

BURLINGTON, Mass.–(BUSINESS WIRE)– Nuance Communications, Inc. (US: NUAN) announced today that it has signed a definitive agreement to acquire Quantim^®Health Information Management (HIM) business of QuadraMed, a leading provider of healthcare IT solutions. Working closely with industry partners, including electronic health record (EHR) providers, Nuance and Quantim will help healthcare providers transition to ICD-10 while maintaining physician productivity, document flows, and most importantly, ensuring the quality of patient care.

Quantim provides hospitals and healthcare organizations with software and services that maximize HIM professional productivity while providing appropriate financial compensation to the institution. With the government-mandated transition from ICD-9 to ICD-10, healthcare providers face unprecedented complexity in clinical documentation and coding strategies. ICD codes, which are the basis for financial reimbursement, are expected to grow from 17,000 diagnostic and procedure codes today to more than 155,000 codes in the next two years. Every healthcare provider in the U.S. is impacted by this change, and Nuance, together with Quantim, will help customers navigate this critical transition and the challenges of clinical documentation and coding ahead.

Integration of Nuance’s clinical language understanding (CLU) technology with Quantim’s computer-assisted coding (CAC) solution will increase coding workflow efficiency and accelerate reimbursement. The automated, integrated coding solution will support clinician productivity during the transition to ICD-10 for providers and preserve document workflows and quality of care.

“Nuance has a proven track record of delivering breakthrough innovations in healthcare, especially when it comes to helping providers overcome major challenges like ICD-10,” said Janet Dillione, executive vice president and general manager, Nuance Healthcare. “We are excited to welcome Quantim customers and employees to the Nuance team and look forward to working together to create an innovative solution that will help providers address critical efficiency and reimbursement issues related to clinical documentation and coding.”

Nuance plans to rapidly bring CLU-based CAC solutions to market within the integrated Quantim web platform to support a more efficient transition to ICD-10 and deliver improved financial outcomes for customers. These solutions:

Combine clinical information capture with natural language processing (NLP)-based coding and compliance, ultimately reducing the time from patient care to appropriate reimbursement, contributing to the industry goal of simultaneous coding.
Streamline the clinical documentation improvement (CDI) process and support CDI and coding professionals in a single platform to reduce time spent on follow-up care when additional patient details are needed to accurately code care provided;
Integrate Nuance CLU technology to directly assist coders by providing automated prompts to help them ensure compliance and adapt to the expanded ICD-10 code base.

“The acquisition of QuadraMed’s HIM business is a natural extension of Nuance’s strategy to transform clinical documentation and revenue cycle processes,” said Duncan James, CEO of QuadraMed. “We are excited about the opportunities this acquisition creates for our customers and Quantim employees, who will benefit from Nuance’s vision and innovative technology.”

For more information about this announcement and how it will benefit healthcare organizations, please visit: http://www.nuance.com/for-healthcare/healthcare-announcement-quantim/index.htm

Nuance Healthcare

Nuance Healthcare, a division of Nuance Communications, is a market leader in clinical understanding solutions that accurately capture and transform patient history into meaningful, actionable information. Thousands of hospitals, providers and payers worldwide trust Nuance clinical documentation and voice analytics solutions to facilitate smarter, more efficient decisions across the healthcare enterprise. For more information, visit http://www.nuance.com/for-healthcare/index.htm.

QuadraMed Corporation

QuadraMed, a portfolio company of Francisco Partners, is a leading provider of award-winning healthcare technologies and services that improve the safety, quality and efficiency of patient care. Founded in 1993, QuadraMed offers proven, flexible solutions that help our customers succeed by streamlining processes, increasing productivity, improving patient satisfaction and achieving positive clinical outcomes. For more information, visit http://www.quadramed.com.

Nuance Communications, Inc.

Nuance Communications, Inc.US: NUAN) is a leading provider of voice and language solutions to businesses and consumers worldwide. Its technologies, applications and services enhance user experiences by transforming the way people interact with devices and systems. Every day, millions of users and thousands of businesses experience Nuance’s proven applications. For more information, visit www.nuance.com.

Statements in this press release regarding the expected benefits to Nuance and its customers from the acquisition of Quantim, anticipated future combined operations, products and services and any other statements regarding future expectations, beliefs, objectives, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “will,” “expected” and other similar expressions) should also be deemed forward-looking statements. A number of important factors could cause actual results or events to differ materially from those indicated in such forward-looking statements, including: the transaction is subject to closing conditions that, if not satisfied or waived, would cause the transaction not to close; Nuance’s ability to successfully integrate Quantim’s operations, product offerings and employees; the ability to realize anticipated synergies and cost savings; the inability to retain customers and/or key employees; and other factors described in Nuance’s Annual Report on Form 10-K for the fiscal year ended September 30, 2011 and other documents filed with the U.S. Securities and Exchange Commission. Nuance disclaims any intention or obligation to update any forward-looking statements as a result of events occurring after the date of this press release.

Nuance Communications, Inc.
Media relations:
Katherine McGraw, 781-565-4886
[email protected]
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Investor Relations:
Kevin Faulkner, 781-565-5000
[email protected]
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QuadraMed Corporation
Media relations:
Laura Adams, 703-742-5311
[email protected]

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