Groundbreaking New Premier-U.S. Health & Human Services Project Will Harness MicroStrategy Technology
Quality Reporting Expected to Improve Hospital Performance Nationwide
McLean, Va., (September 08, 2003) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the MicroStrategy Business Intelligence Platform(TM) is providing critical support for an important new project between Premier, Inc. and the U.S. Department of Health & Human Services (HHS) to improve hospital performance nationwide. Premier, Inc. is a strategic U.S. healthcare alliance owned by 200 of the nation’s leading not-for-profit hospital and healthcare systems.
MicroStrategy’s platform supports Premier’s data applications, such as Perspective Online(TM). Premier’s data solutions help its healthcare system clients make informed decisions on clinical quality and patient safety, business and market strategy, clinical resource utilization, operational performance and productivity. More than 400 of Premier’s clients now use the MicroStrategy platform through the Perspective Online (TM) tool to monitor and measure their clinical and cost performance.
U.S. HHS Secretary Tommy G. Thompson recently announced a new joint project between the Centers for Medicare & Medicaid Services (CMS) and Premier to use financial incentives to encourage hospitals to continuously improve the quality of their inpatient care. Hospitals that participate in the project will be eligible for increased Medicare payments for delivering high quality care to patients that are being treated for specific clinical conditions: heart bypass surgery, heart attack, congestive heart failure, hip & knee replacement, and community acquired pneumonia.
Premier will track hospitals’ performance through its Perspective Online (TM) database, the most comprehensive patient-level clinical data repository in the nation. Participation is voluntary. Hospitals will be scored on quality measures related to each condition. Hospitals in the top 10 percent for a given condition will be provided a 2 percent bonus on their Medicare payments. Hospitals in the second 10 percent will be given a 1 percent bonus. All hospitals performing in the top 50 percent within each clinical condition will be publicly recognized for their quality.
“MicroStrategy’s business intelligence software will support this important new demonstration project and the ongoing applications we need,” said Premier’s Director of Applications Development Todd Wilkes. “Premier has spent many years establishing a capability on a scale required for this project as well as our clients’ need. We rely on many partners, including MicroStrategy, to help us create a comprehensive solution for the industry.”
“Improving healthcare quality while keeping costs minimized is at the top of the nation’s agenda,” said MicroStrategy COO Sanju Bansal. “We’re very proud that MicroStrategy technology will play an important role in this new project between Premier and the federal government, and in Premier’s vital services to many of the nation’s hospitals.”
About Premier
Premier, Inc., is a strategic alliance in U.S. healthcare, entirely owned by 200 of the nation’s leading hospital and healthcare systems. These systems operate or are affiliated with nearly 1,500 hospital facilities across the nation and hundreds of other care sites. Premier provides an array of resources supporting health services delivery in the key areas of supply chain improvement and group purchasing, comparative data and benchmarking, and insurance. Premier is headquartered in San Diego, CA, with offices in Chicago, IL; and Charlotte, NC. Advocacy and policy offices are located in Washington, DC. For more information, visit www.premierinc.com.
About MicroStrategy Incorporated
Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.
MicroStrategy has over 2,200 enterprise-class customers, including General Motors, Best Buy, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun, and JD Edwards. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at www.microstrategy.com.
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Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy