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Vendor Notebook - Dec 28, 2006

By Healthcare Finance Staff

Axentis, a Cleveland-based provider of governance, risk and compliance management solutions, has been selected by Houston-based EGL, Inc., a global transportation, supply chain management and information services company, to deploy its Enterprise solution for Sarbanes-Oxley compliance.

Managed Care of America, Inc, a Green Tree, Pa-based holding company for a variety of businesses in the healthcare services sector, has acquired Diversified Group Administrators, Inc of Houston, Pa, a third-party administrator of health and welfare benefit plans.

RES-Q Healthcare Systems of Calabasas, Calif. has announced that Saint Agnes Medical Center of Fresno, Calif. has added the RES-Q Labor Resource Management Self-Scheduling Module to assist in staff scheduling.

ShiftWise, a Portland, Ore.-based provider of online healthcare staff management services, has formed a new licensing and co-marketing relationship with Aedon Staffing, a provider of travel, local contract, temp-to-perm and permanent placement healthcare services across the country.

MEDecision, a Wayne, Pa.-based insurer software vendor, raised $33 million before costs in its Dec. 13 initial public offering of stock. The company priced 4.7 million shares at $10 per share, then saw the stock price dip to as low as $9.04 before recovering. The company will use $9.5 million of the proceeds to make mandated payments to holders of preferred stock, with the balance being used for working capital and other general corporate purposes.

Lighthouse1, a Minneapolis-based provider of consumer-driven healthcare administration technology solutions, has entered into a partnership with HealthcareBank, a division of State Bank & Trust and provider of health savings account (HSA) investment programs, to provide what it calls a seamlessly integrated HSA product to the marketplace.

The Agency for Healthcare Research and Quality (AHRQ) has awarded Thomson Medstat of Ann Arbor, Mich. a three-year, $14.9 million contract to build and support the Healthcare Cost and Utilization Project (HCUP), a family of databases and related software comprising a national information resource of patient-level healthcare data.