EXHIBIT 99.1
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PRESS RELEASE
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Contact: William S. Chelak
Red Flannel
T: 1-732-761-8998 ext. 20
Email: will@redflannelgroup.com
CareAdvantage, Inc. Announces
Commercial Introduction of RPNavigator
Data-Driven, Risk Management Tool Provides Next Generation Solution
for Forecasting Health Plan Resource Consumption, Risk and Costs
Iselin, New Jersey - (August 6, 2003) - CareAdvantage, Inc. (OTC: CADV), a
health care management consulting firm serving health plans, employers and other
purchasers of health care services and benefits, today announced the commercial
introduction of RPNavigator. The data-driven, risk management tool was developed
by CareAdvantage, Inc. (CAI) as a next generation solution for helping health
plan management and employers better understand and forecast resource
consumption, risks and costs associated with their respective populations.
Working collaboratively with clients, CAI customizes solutions specific to
client needs, integrating RPNavigator into existing workflow systems and
programs. Designed by end users for end users, CAI's RPNavigator transforms
health plan data, such as inpatient, outpatient, and pharmacy claims and
encounters, into actionable information available through an Internet-based
portal. It accomplishes this through the utilization of 3M's Clinical Risk
Groups (CRGs), a classfication methodology that groups members according to risk
related to that individual's clinical history and demographic information. Each
member is then assigned to a single clinically supported, mutually exclusive
group based on single or multiple disease processes. More information about 3M
Clinical Risk Groups, a product of 3M Health Information Systems, is available
at www.3mhis.com or by calling 1-800-367-2447.
The initial implementation phase for RPNavigator is typically achieved within
four to six weeks. Thereafter, CAI's team of experienced health plan executives,
medical directors and a wide range of health care and information technology
subject-matter experts work with clients to provide periodic updates, ongoing
data analysis and recommendations on the optimization of care management
initiatives and processes. These efforts have resulted in a proven track record
for helping CAI customers increase savings, improve member satisfaction and
provider relations, reduce unnecessary risk and utilization while improving
program performance and quality of care.
In addition to these benefits, CAI and RPNavigator also offer clients the
ability to:
o Track population and member-related disease progression changes over time
o Compare health plan sub-populations on a valid and reliable basis
o Profile providers using case mix and severity-adjusted techniques
o Select and prioritize members to optimize the allocation and assess the
impact of care management resources, direct interventions and initiatives
o Reduce client dependence on internal information technology resources
Using RPNavigator as part of a comprehensive solution, CAI can more quickly and
effectively work with clients to categorize, quantify and evaluate the status,
related burden and progression of diseases and conditions associated with
specific industries and benefit plans. As a result, CAI clients are able to more
reliably measure the true impact and efficacy of their full range of care
management initiatives such as case, disease and network management programs.
"Due to double-digit health care cost increases for the past four years, we
envisioned the marketplace's need for an open logic, clinically-based,
defensible solution that furthers our clients' ability to significantly improve
health care delivery and quality, while reducing costs," said Dennis J. Mouras,
President and CEO of CAI. "RPNavigator provides a unique solution for helping
the health care industry and corporate America determine why clinical resource
consumption and costs are higher for certain health plan members and
disease-related populations. This information can then be used by our customers
to proactively identify and prevent gaps in care as well as manage practice
pattern variations, which are among the leading drivers of increased health care
costs."
About CareAdvantage, Inc. (CADV)
Headquartered in Iselin, New Jersey, CareAdvantage, Inc. (OTC: CADV) is a health
care management consulting firm specializing in the improvement of health care
delivery, quality and cost. For the past nine years, CAI has worked with many
leading health plans to develop effective, affordable and timely data-driven
strategies that improve case, disease and utilization, as well as operations and
network management. In addition, CAI's expertise has also helped numerous
clients assess the efficiency and effectiveness of their health care and benefit
management initiatives. These services have empowered these clients with the
information, skills and guidance necessary to facilitate future purchasing
decisions and optimize managerial and administrative practices. For more
information on CareAdvantage, Inc. please visit www.careadvantage.com.
# # # #
Certain statements made in the press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are based on management's current
expectations and include known and unknown risks, uncertainties and other
factors, many of which the Company is unable to predict or control, that may
cause the Company's actual results or performance to materially differ from any
future results or performance expressed or implied by such forward-looking
statements. These statements involve risks and uncertainties, including without
limitation, risks and uncertainties regarding the Company's substantial
leverage, capital constraints, significant shareholder, liquidity and
competition. These risks and uncertainties are in addition to other factors
detailed from time to time in the Company's filings with the Securities and
Exchange Commission.