Healthcare Organizations Optimize Contract Management with Procuri
Procuri’s OnDemand Solutions Deliver Immediate Value and Increased Efficiency

ATLANTA – September 13, 2005 – Procuri Inc., the leader in OnDemand enterprise supplier management solutions, continues to build strength and momentum in the healthcare industry. With the deployment of Procuri TotalContracts™, leading healthcare organizations can improve operational performance, better control costs, mitigate risk and ensure fiscal accountability.

More than 30 healthcare organizations are currently using Procuri’s contract management solutions. Select healthcare organizations that have purchased or deployed Procuri’s solutions include, among others, Blue Cross and Blue Shield Association, B lue C ross and B lue S hield of Florida, Cincinnati Children’s Hospital Medical Center, Cleveland Clinic, Horizon, Geisinger Health System, Health & Hospital Corporation of Marion County, Mayo Clinic and Tandem Healthcare.

“Industry research has shown that organizations using contract management solutions can significantly reduce administrative costs and improve contract compliance by 50 percent,” said Mark F. Morel, president and chief executive officer for Procuri. “ Procuri’s contract management solutions provide value to healthcare organizations through automated management of contract complexities, as well as assisting in complying with federally mandated HIPAA requirements, which is a primary focus for healthcare organizations.”

Successful Implementation and Increased Efficiency

Cincinnati Children's Hospital Medical Center, a leading institution that ranks eighth among the more than 250 children's hospitals in the United States, has a mission to improve child health and transform the delivery of care through fully integrated, globally recognized research, education and innovation. The hospital’s Payor Relations department recently decided to implement Procuri TotalContracts to efficiently manage multiple contracts while reducing administrative costs, ensuring compliance and enabling staff to easily access contract information anywhere or anytime securely. Within one week, the department successfully deployed and trained employees on the solution. The hospital plans to expand the deployment to an additional 35 divisions by the end of the year.

“As an international leader in improving child health, we are committed to delivering the best healthcare for our patients while ensuring the best family experience possible,” said Michael Taylor, vice president, Payor Relations, Cincinnati Children's Hospital Medical Center. “Procuri’s contract management solution allows our staff to get answers quickly, avoid the need to tediously search paper contracts and make phone calls when looking for information. Enabling our staff to quickly access information ultimately plays a role in providing the best possible service to our patients and their families.”

Laying the Groundwork to Build Best Practices

Health & Hospital Corporation of Marion County is a municipal corporation that serves all of Marion County, including the city limits of Indianapolis, Indiana. Health & Hospital Corporation of Marion County selected Procuri’s ContractManager and DealManager solutions to establish an online filing system that will serve as a database for contracts and standard forms. The solutions will allow all parties involved in the contract process to quickly find contracts, see the latest changes and updates, track expiration and automatic renewal dates, as well as pull information on partners.

“Our number-one goal is to streamline our contract management processes,” said Matthew Gutwein, President and CEO of Health and Hospital Corporation of Marion County. “As a municipal health system, our duty is to ensure we make the best use of taxpayer dollars. Once Procuri’s solutions are deployed, we are confident that we will become more efficient in our contracting process and better serve the community.”

Procuri TotalContracts streamlines the deal-to-contract lifecycle—from contract request through creation, negotiation, approval and execution—enabling organizations to negotiate and execute the best deal on their terms, and on their standard forms. Organizations in any industry can negotiate terms, track agreements and comply with corporate standards.

About Procuri

Procuri, the leader in OnDemand Enterprise Suppler and Contract Management solutions, empowers more than 300 customers of all sizes, industries, geographies and spend categories, including Eastman Kodak, The McGraw-Hill Companies, Newell Rubbermaid, Rio Tinto, and U.S. Steel. Procuri's OnDemand solutions accelerate bottom line savings and drive top line performance throughout organizations with comprehensive yet user-friendly solutions that control costs, manage performance, ensure compliance and quickly deliver more value. For more information, call 1-877-360-1600 or visit www.procuri.com.