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QCSI Expands Its Solution Footprint in the CDH Market By Offering Business Process Outsourcing Services From HealthEquity

Posted on: Monday, 8 May 2006, 12:04 CDT

Partnership with HealthEquity designed to provide low-cost entry into CDH market with leading MyHealthBank product & premier CDH services

QCSI(R) (Quality Care Solutions Inc.), a leading provider of advanced information technology and enterprise application software and services for health insurers and benefits administrators, announced today that it has expanded its solution footprint in the Consumer-Directed Healthcare (CDH) market by offering business process outsourcing (BPO) services through its partnership with HealthEquity(R) Inc. HealthEquity provides comprehensive financial and client advisory CDH services to employer groups, insurance companies, health plans, and third-party administrators nationwide, with a hands-on approach to help its clients understand how to get the most out of their consumer-driven plans.

The combined QCSI and HealthEquity offering will enable health plans to administer health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs) using QCSI's award-winning QNXT(TM) and MyHealthBank(R) software. The solutions will provide HealthEquity with an unparalleled CDH platform and services offering -- providing health plan clients with access to a low-cost entry and all-inclusive solution for consumer-driven health care administration.

"QCSI is a proven industry leader, providing innovative healthcare information management software to empower the healthcare payor enterprise and the emergent consumer-driven healthcare industry," noted Stephen D. Neeleman, M.D., CEO of HealthEquity. "HealthEquity's client advisory platform and services combined with QCSI's products will provide an unrivaled best-in-class solution for health plans and large employers."

"We are excited about our partnership with HealthEquity, as it will provide payors with the financial and advisory services to complement our MyHealthBank product and quickly and efficiently enter the CDH market with minimal time and resource investment," stated Dave Engert, CEO of QCSI.

Engert continued, "We have earned a solid market position with our QNXT and MyHealthBank products and professional services, and we are pleased to offer payors point-of-entry access as they embrace the mounting momentum of the consumer-driven healthcare economy."

About HealthEquity(R) Inc.

HealthEquity offers a complete solution for businesses and individuals that are seeking a consumer-driven health plan. HealthEquity specializes in offering healthcare accounts, such as Health Savings Accounts, supplemented with unparalleled healthcare financial services and client advisory tools. These tools give clients the support they need to navigate the healthcare system and make wise spending decisions. HealthEquity offers its consumer-driven solution as a stand-alone product and as an integrated product. HealthEquity manages consumer-driven plans for more than 1,000 employer groups nationwide. For more information about HealthEquity, please visit www.HealthEquity.com.

About QCSI

Cited by a global independent research company as a leader for healthcare claims platforms and claims platforms for consumer-directed health and claims platforms with integrated medical management, QCSI is empowering companies for "The Next Healthcare Economy, Without Information Boundaries." The company is celebrating more than 11 years of delivering advanced technology enterprise solutions that empower health insurers, benefits administrators and healthcare consumers to automate healthcare administration, lower the cost of care and improve outcomes. QCSI's service-oriented architecture (SOA) applications enable health plans flexibility to reduce costs, improve customer service, increase profitability, expand market share and prepare for government regulations, including HIPAA. Our award-winning enterprise applications include the QNXT product family (Medical, Dental, Case Management, Accounts Receivable, View, and Connect), and the Web-based MyHealthBank suite (Transact, Direct, Navigator, and Finance), proven applications and solutions for the rapidly growing consumer-directed healthcare segment. QNXT and MyHealthBank will be showcased at the 2006 Consumer Directed Health Care Congress (CDHCC) in San Francisco, May 8 through May 10, 2006, at QCSI Booth #306. Headquartered in Phoenix, QCSI can be contacted at 888-940-6432 or info@qcsi.com, or visit our Web site at www.qcsi.com for more information.

QNXT, QMACS, QCSI and MyHealthBank are trademarks or registered trademarks of QCSI. U.S. Patent No. 6,879,959. Other marks referenced herein are the service marks, trademarks or registered trademarks of their respective holders.

Source: Business Wire

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