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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) January 6, 2000
QUADRAMED CORPORATION
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(Exact name of registrant as specified in charter)
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<S> <C> <C>
Delaware 0-21031 68-0422446
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
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22 PELICAN WAY, SAN RAFAEL, CA 94901
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 482-2100
1003 WEST CUTTING BOULEVARD, 2ND FLOOR, RICHMOND, CA 94804
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER INFORMATION
On January 6, 2000, QuadraMed Corporation (the "Company") announced in a press
release the following management changes and three newly-created positions.
The Company announced the promotion of Nancy Nelson, former President of the
Company's Enterprise Division to Chief Operating Officer.
The Company also announced the resignation of E. Payson "Skip" Smith as its
Chief Financial Officer. John Cracchiolo, formerly the Company's President and
Chief Operating Officer will continue as President and will act as Interim Chief
Financial Officer until the position of Chief Financial Officer is filled. The
Company has commenced a search for a new Chief Financial Officer.
In addition, the Company announced that Mary Brandt, former Vice President,
Professional Services, was appointed to the newly created position of Vice
President/Product Manager for HIPAA; Laura Frazier has been named Product
Manager for Ambulatory Payment Classifications; and Graham Joyce has been named
Product Manager for E-Commerce.
The press release issued by the Company is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) None.
(b) None.
(c) 99.1 Press Release, issued January 6, 2000.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
QUADRAMED CORPORATION
DATE: January 7, 2000 By: /s/ Keith M. Roberts
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Name: Keith M. Roberts
Title: Executive Vice President and General
Counsel
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EXHIBIT INDEX
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EXHIBIT NO. EXHIBIT
<S> <C>
99.1 Press Release, issued January 6, 2000
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[LOGO]
EXHIBIT 99.1
FOR: QUADRAMED CORPORATION
FOR IMMEDIATE RELEASE CONTACTS: Stacey Levitz
Director of Investor Relations
(415) 482-2270
WWW.QUADRAMED.COM
John Cracchiolo
President, QuadraMed Corporation
(415) 482-2100
QUADRAMED CORPORATION ANNOUNCES
MANAGEMENT CHANGES AND NEWLY-CREATED POSITIONS
SAN RAFAEL, CA -- JANUARY 6, 2000 -- QuadraMed Corporation today announced
management changes and three newly-created positions.
John Cracchiolo, QuadraMed's current President and Chief Operating Officer has
promoted Nancy Nelson, former President of the Company's Enterprise Division to
Chief Operating Officer. Mr. Cracchiolo will remain QuadraMed's President. Prior
to joining QuadraMed, Ms. Nelson served as Senior Vice President and Chief
Operating Officer of Compucare, which was acquired by QuadraMed in March 1999.
In addition, Chief Financial Officer E. Payson "Skip" Smith has resigned to
pursue a position with a San Francisco-based Internet start-up company. Mr.
Cracchiolo will temporarily replace Mr. Smith, and function as Interim Chief
Financial Officer until the Company fills the position. An executive search firm
has already been retained and the search is well underway for a new CFO who will
report to Mr. Cracchiolo. The Company will report its fourth quarter and year
end results on March 2, 2000.
"We are pleased to promote Nancy Nelson to her new role as Chief Operating
Officer reporting to John Cracchiolo. Nancy has a wealth of operational
experience and an expertise in customer relations, which makes her ideal for
this position. Together, John and Nancy will focus on integration and creating a
unified culture and alignment of business priorities company-wide," said
QuadraMed's Chairman and Chief Executive Officer James Durham. "On a separate
note, we wish Skip Smith the best of luck on his new endeavor."
In an effort to become the industry's leading HIPAA vendor, QuadraMed has
announced that Mary Brandt, former Vice President, Professional Services, has
accepted the newly-created role of Vice President/Product Manager for HIPAA. Ms.
Brandt will be responsible for the coordination and planning of all aspects of
HIPAA throughout QuadraMed. Ms. Brandt joined QuadraMed in 1998. Previously, she
held an executive position with the American Health Information Management
Association, where she addressed regulatory compliance and patient privacy
issues on a national level. Her more than 20 years of healthcare experience also
includes positions in health information management and healthcare
administration. Ms. Brandt was recently a presenter at QuadraMed's HIPAA
conference in New York City.
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Laura Frazier, RHIT, has been named QuadraMed's Product Manager for AMBULATORY
PAYMENT CLASSIFICATIONS (APCs). Similar to HIPAA, the impact of APCs will have a
global effect on healthcare providers. Ms. Frazier joined QuadraMed's
Compliance, Coding and Education Division in February 1999, bringing several
years of physician group practice management experience.
Graham Joyce has been named QuadraMed's Product Manager for E-COMMERCE. Mr.
Joyce joined QuadraMed in conjunction with the acquisition of Compucare. Prior
to his e-commerce role, he was a product manager for the web-enabled Affinity
product offering. Mr. Joyce has also worked in installations and
training/education for the Affinity product. His healthcare background includes
work in hospital information systems and clinical experience in cardiac rehab
and physical therapy.
These three newly-created positions will report to Patrick Ahearn, QuadraMed's
Executive Vice President of Product Management.
QUADRAMED CORPORATION uses technology to transform disparate healthcare data
into valuable, enterprise-wide information. The Company's web-enabled software
and service solutions allow healthcare institutions to generate operational
efficiencies, improve cash flow and measure the cost and quality of care.
QuadraMed has implemented its solutions in more than 4,000 provider sites across
North America, representing more than 60% of the nation's hospitals. In addition
to its web-enabled software solutions, QuadraMed has developed THE AMERICAN
HOSPITAL DIRECTORY (AHD.COM) -- the most comprehensive resource for hospital and
healthcare benchmarking information on the Web.
QuadraMed has a significant talent pool which -- through its active
participation in professional and trade organizations -- has helped to shape the
healthcare information technology industry. The Company has substantial
expertise in the core components stipulated within HIPAA legislation. For more
information about QuadraMed, its products and services, visit
http://www.quadramed.com.
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