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Health Risk Management, Inc. Enhances its E-Business Services with MicroStrategy
Millions of HRM Members Will Tap MicroStrategy InfoCenter’s Powerful Publish and Subscribe Technologies to Act on Medical Information
VIENNA, VA, August 21, 2000 - MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of Intelligent E-Business™ software, today announced that Health Risk Management, Inc. (NASDAQ: HRMI), a medical information and health plan management company, has extended its Intelligent E-Business capabilities with MicroStrategy InfoCenter™. The product will be used to develop Health Risk Management’s Benefits Management Center, an intelligence portal that will serve as a single point of access for employers and consumers seeking to subscribe, analyze and receive pertinent medical and plan performance information.Health Risk Management will tap MicroStrategy InfoCenter’s sophisticated publish and subscribe technologies to develop the Benefits Management Center portal. Integrated with MicroStrategy Web™ and the Lancet Web Framework, the web portal will contain executive summaries, such as “How is My Plan Doing?” and “Potential Cost Savings,” medical intelligence reporting that will be easily accessible by the company’s millions of members. MicroStrategy InfoCenter users can select and personalize information services based on their preferences and choose delivery channels for those services, including Web, wireless and voice.
“The capabilities and functionality of MicroStrategy’s technology are outstanding, and provide us with the foundation to build and deploy a valuable service to our healthcare customers,” said Ken Buchanan, vice president of information reporting at Health Risk Management. “We wanted to display pertinent healthcare information in a variety of ways and MicroStrategy InfoCenter was the key to realizing that goal. In a very short amount of time, MicroStrategy demonstrated that we can roll out an innovative reporting service that enhances the experience our customers have with us, and at the same time, drives our business growth.”
Health Risk Management began its relationship with MicroStrategy earlier this year when it licensed MicroStrategy Broadcaster™, MicroStrategy Web, and MicroStrategy Telecaster™. Adding MicroStrategy InfoCenter to its product mix provides Health Risk Management with the ability to strengthen its customer relationships and increase revenue for its business.
“MicroStrategy InfoCenter fits the needs of leading businesses who are interested in giving their customers the ability to easily receive the intelligence they want, through the delivery channel of their choice,” said Sanju K. Bansal, chief operating officer of MicroStrategy Incorporated. “We are pleased that Health Risk Management will be able to provide consumers and employers with valuable medical information through their web portal, and we anticipate working closely with them to expand the Benefits Management Center.”
About Health Risk Management
HRM, with headquarters in Minneapolis, delivers evidence-based solutions to the managed care and indemnity marketplaces. Solutions for managed care organizations that are at financial risk include a suite of QualityFIRST evidence-based clinical decision support and benchmarking systems for medical risk management. HRM also provides outsourcing and risk sharing arrangements for health plans using HRM’s electronically integrated health plan management services. More than 10 million health plan members benefit from QualityFIRST services. In addition, HRM provides integrated health plan solutions for more than two million members of CarePASS® USA -- Your Passport to HealthSM, a nationwide managed indemnity health plan. HRM also owns PennsylvaniaHealthMATE, a Medicaid Integrated Delivery System and OakTree Health PlanSM, a Philadelphia area Medicaid HMO.
About MicroStrategy Incorporated
MicroStrategy is a leading worldwide provider of Intelligent E-Business™ software and related services. MicroStrategy’s technology platform is creating a new generation of one-to-one e-business solutions that enable global 2000 organizations to build personal relationships with their partners, supply-chains, and customers. MicroStrategy delivers these solutions via web, wireless, and voice. In addition to its industry leading technology, MicroStrategy also offers a comprehensive set of consulting, training and support services for its customers and partners.
MicroStrategy has approximately 1,000 customers across such diverse industries as retail, finance, telecommunications, dot-com, insurance, healthcare, pharmaceuticals and consumer packaged goods. MicroStrategy also has entered into relationships with more than 270 systems integrators, application development and platform partners. For more information, please visit MicroStrategy’s Web site: www.microstrategy.com.
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MicroStrategy, Intelligent E-Business, Intelligent E-Business Platform, MicroStrategy InfoCenter, MicroStrategy Web, MicroStrategy Broadcaster, and MicroStrategy Telecaster are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Any product and company names mentioned herein may be the trademarks of their respective owners.
This press release may include statements that may constitute “forward- looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of the Company to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7 software and Strategy.com network on a timely basis; adverse reaction by the Company’s employees, investors, customers, vendors and lenders to the restatement of the Company’s financial results or its future prospects; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Editorial Contact:
Michael Quint
MicroStrategy
703-848-8600
PR_info@microstrategy.com
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