jhv1blz5 wrote: The article validated SOA as an IT architecture paradigm that can be leveraged in many ways. Taking data storage, scalability and application performance to a nifty level using SOA Application Grid infrastructure will no doubt enhance data and application performance on Oracle architecture platforms, it also has the promise of a cost effective and efficient IT delivery model. The very benefits of SOA.
POWELL, OH -- (MARKET WIRE) -- 04/10/07 -- Click4Care, Inc., a provider of innovative
medical management software for payers, providers and patients, today
announced the successful completion of a $10,000,000 equity investment by
Psilos Group, among the nation's most successful healthcare venture capital
firms. In conjunction with the investment, Click4Care announced that
Psilos' Senior Managing Member, Dr. Albert Waxman, and Managing Member,
Steve Krupa, have joined Click4Care's Board of Directors.
Click4Care's flagship product, ThinkHealth, delivers a holistic approach to
care management that brings the myriad of un-integrated processes --
predictive modeling, disease management, care management and various
administrative support functions -- together under one platform and
transforms them into a seamless, differentiating solution for providing
care and preventing illness.
Psilos brings vast healthcare experience to Click4Care and has a proven
history of keenly identifying industry-transforming healthcare and medical
technology investment opportunities that create viable, sustainable and
highly valuable businesses.
"Psilos is pleased to be a part of this excellent company," said Dr.
Waxman. "Led by a visionary management team, the company is truly
transforming the way in which care management and access to and analysis of
personal health information is administered. This approach is
revolutionizing care management as we know it, and this revolution is
essential to the effective ongoing evolution of the consumer-directed
healthcare movement."
"We are delighted to welcome Psilos to the Click4Care team," said David
Blauer, founder and CEO of Click4Care. "Their deep healthcare experience
and vision mirrors ours. It's a vision that compels us to create solutions
that do much more than just managing costs. With Psilos' support, we
intend to unveil an extraordinary industry-spanning solution accessible by
all participants in the healthcare value chain."
About Psilos
Psilos Group has been a successful healthcare venture capital firm since
its founding in 1998 and currently has approximately $450 million under
management. Psilos focuses its investments across the healthcare services,
healthcare information technology, and medical device and instrumentation
sectors. Psilos invests nationwide in businesses that are poised to create
enduring market value by fundamentally improving the U.S. healthcare
system. Our portfolio companies are sustainable and high-value businesses
that have demonstrated ability to reduce the costs of healthcare delivery,
improve clinical quality and advance the alignment of payer, patient and
provider incentives. www.psilos.com
About Click4Care
Click4Care provides innovative medical management software that
dramatically improves healthcare for payers, providers and patients. Its
award-winning ThinkHealth product suite drives enterprise-wide changes in
the processes and business models of healthcare delivery, which enables
providers to reduce costs and improve the quality of care that patients
receive. Some of the world's most progressive health insurance providers
rely on ThinkHealth for a more consumer-driven approach to medical
management. Today, millions of Americans are benefiting from ThinkHealth's
best-of-breed technology and medical management content. For more
information, visit www.click4care.com.