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Selectica Sponsoring Special Interest Group Meeting for Healthcare Providers to Discuss New Strategies for Managing Contracts

Posted on: Tuesday, 20 May 2008, 12:00 CDT

Selectica (NASDAQ:SLTC), a leading provider of contract lifecycle management (CLM) solutions, today announced that it will be holding the second meeting of the Selectica Healthcare Special Interest Group (HSIG) June 4th in San Francisco. The HSIG is designed to allow executives from healthcare organizations to gather to compare notes, best practices, and technology tips to solve their healthcare contract management problems.

Contract lifecycle management continues to play an increasingly important role in the relationship between hospitals, healthcare providers, physicians, administrators, and vendors. For healthcare providers, patient safety has to be balanced against pricing for goods and services and cost containment, meeting physician needs, maintaining services levels, and, of course, regulatory compliance. Selectica's HSIG gives healthcare professionals an opportunity to pool their knowledge and share their expertise to promote best practice and adapt contracting strategies for their own healthcare facilities, service companies, or pharmaceutical and medical device manufacturing operations.

Included in the HSIG meeting agenda will be a series of Knowledge Transfer Sessions to give attendees a broader understanding of:

-- Best practices for managing healthcare-related contracts, including the unique terms, conditions, and nuances that are common to healthcare agreements.

-- Regulatory burdens that have a direct impact on the contracting process, and how to manage contracts to assure compliance.

-- Trends and challenges unique to Contract Lifecycle Management for Healthcare.

"The HSIG meetings have already proven to be a valuable resource to both attendees and our Contract Management product team," said Jason Stern, Vice President, Products & Business Development for Selectica's Contract Management Solutions. "It provides an opportunity to exchange ideas, and discuss problems and solutions that are unique to healthcare contracts. It also gives our development team an intimate view of the challenges our customers face every day, which helps us continue to offer the best CLM software platform for healthcare contract management."

For more information, visit Selectica's web site at www.selectica.com or www.selectica.com/healthcare.

About Selectica, Inc.

Selectica (NasdaqGM:SLTC - News) provides its customers with software solutions that automate the complexities of enterprise contract management and sales configuration lifecycles. The company's high-performance solutions underlie and unify critical business functions including sourcing, procurement, governance, sales and revenue recognition. Selectica has been providing innovative, enterprise-class solutions for the world's largest companies for over 10 years and has generated substantial savings for its customers. Selectica customers represent leaders in manufacturing, technology, retail, healthcare and telecommunications, including: ABB, Ace Hardware, Bell Canada, Cisco, Covad Communications, General Electric, Hitachi, Juniper Networks, Levi Strauss & Co., Rockwell Automation, Tellabs, and 7-Eleven. Selectica is headquartered in San Jose, CA. For more information, visit the company's Web site at www.selectica.com.

Source: Business Wire

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