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QuadMed Invests in Stat Health ServicesSUSSEX, Wis. --(Business Wire)-- QuadMed, a nationally recognized provider of onsite, near site and shared site employer-sponsored health and wellness solutions, has entered into a strategic partnership with Stat Health Services, provider of Stat Doctors™ eHealth solution, to provide 24/7 telemedicine access for patients with minor acute healthcare needs. Under the agreement, QuadMed purchased a minority ownership interest in the company. QuadMed's partnership with Stat Health Services, a pioneer in virtual house call services, provides employers with an additional healthcare solution proven to dramatically reduce the cost of claims and create positive health outcomes. Through Stat Doctors, minor acute care needs are handled online by on-call emergency medicine providers. Patients receive personal treatment from the convenience of their computer or mobile device without needing to travel to a hospital emergency room or an urgent care center, avoiding waiting times and substantial expenses. "QuadMed continues to lead the evolution of healthcare at this transformative time in the healthcare industry," said Joel Quadracci, Chairman, President & CEO of Quad/Graphics, QuadMed's parent company. "Stat Doctors is an innovative approach to acute healthcare delivery that complements QuadMed's continuum of healthcare solutions focused on improving the quality of patient care and outcomes while reducing overall costs. This investment expands healthcare management solutions for employers who, like us, want to keep employees and their dependents healthy and productive." The QuadMed/Stat Health Services partnership signifies a pivotal shift in healthcare delivery, according to Dr. Alan Roga, M.D., Founder and Chief Executive Officer of Stat Health Services. "Stat Doctors is helping QuadMed replicate the traditional doctor-patient experience anytime, anywhere," he said. "We are very excited to collaborate with QuadMed, which shares our vision for improving access to quality care in a convenient and cost-effective manner." Stat Doctors offers patients a network of the nation's top emergency medicine specialists through its partnership with Emergency Medicine Physicians (EMP), a network of highly qualified emergency medical providers dedicated to delivering exceptional care. "We are excited to partner with QuadMed through Sat Doctors in the transformation of healthcare by providing highest quality care in a convenient, low-cost alternative to the current options," said Dominic Bagnoli, M.D., Chief Executive Officer of EMP. "As a pioneer in the use of telemedicine through our Corporate Health Suites solution, we have discovered that it's not just the technology that's important, but also the physician network," said Tim Dickman, President of QuadMed. "The doctor-patient relationship is key to providing effective care and positive outcomes. Stat Doctors facilitates this important relationship using state-of-the-art telemedicine." For more information about how QuadMed and Stat Doctors are innovating healthcare delivery, visit www.quadmedical.com and www.statdoctors.com. Forward-Looking Statements This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company's future results, financial condition, revenue, earnings, free cash flow, margins, objectives, goals, strategies, beliefs, intentions, plans, estimates, prospects, projections and outlook of the Company and can generally be identified by the use of words or phrases such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "project," "believe," "continue," or the negatives of these terms, variations on them and other similar expressions. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from those expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on Quad/Graphics' expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results to materially differ include, among others, the risks identified in Quad/Graphics most recent Annual Report on Form 10-K, as such may be amended or supplemented by subsequent Quarterly Reports on Form 10-Q or other reports filed with the Securities and Exchange Commission. Except as required by the federal securities laws, Quad/Graphics undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About QuadMed QuadMed (www.quadmedical.com) is a nationally recognized provider of onsite, near site and shared site employer-sponsored health and wellness solutions. The model features a full continuum of high quality, patient-centered services, which are proven to decrease costs by increasing accessibility and engagement. QuadMed's 20-plus-year track record of success is rooted in integrating prevention-focused primary care with leading-edge technology and analytics. Created in 1990 as a subsidiary of global provider of print and related multichannel solutions Quad/Graphics, QuadMed now serves over 100 clients in more than 90 health centers tailored to fit virtually any size or location. About Stat Health Services Developed by Stat Health Services, Stat Doctors is an eHealth solution trusted by hospitals, employers and insurance carriers to effectively lower health plan costs and increase employee productivity. Employees and group members have access to a select group of board-certified ER physicians 24/7, online or via phone, for treatment of minor illnesses and common medical conditions at a fraction of the cost of an ER or urgent care visit. To learn more, visit www.statdoctors.com.
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