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November 21, 2005
The combined solution has enabled Parkview, a not-for-profit, community-owned network of eight northeastern Indiana hospitals, to develop a series of expert business rules that improve the efficiency and safety of medication ordering and administration. Parkview has improved medication turnaround time by an average of 43 minutes and is providing its clinicians with valuable tools that support patient safety and help prevent adverse drug events.
"At Parkview Health, we are focused on how we use healthcare decision making to deliver trusted care and improve health in the community," said Jerry Mourey, vice president of information systems at Parkview Health. "Blaze Advisor and Carecast have proven to be valuable technologies for the implementation of new decision management initiatives."
Carecast creates a comprehensive lifetime patient record by automating the workflow of users and supporting clinical, financial and administrative processes. As the embedded rules management component of Carecast, Blaze Advisor provides a rules building engine that enables healthcare organizations to develop tailored decision support functionality that addresses the requirements of specialty areas and patient safety initiatives. The use of expert rules allows doctors to make more informed decisions regarding care, to adopt best practices and to better understand the cause and impact of their decisions. Healthcare business managers gain the ability to control rules and business policies, and to set actionable limits that are flagged when reached.
"IDX's adoption of Blaze Advisor provides Carecast customers with an extremely robust decision engine and rules management solution," said Dr. Robert Abarbanel, senior director of product strategy for Carecast. "Working in conjunction with the entire Carecast clinical system, Blaze Advisor rules management provides unmatched efficiencies in workflow, decision making and business processes."
Using Blaze Advisor, Parkview has implemented an expert rule that flags pediatric patients and requires verification of medication dosages based on the patient's weight. If the weight is not listed or does not correspond to the dose ordered, the system alerts the pharmacist to contact the patient's clinician to confirm the necessary information. Rules are also used to calculate estimated creatinine clearance when ordering certain antibiotics or other drugs than can affect kidney function; require potassium level verification for patients receiving Digoxin or potassium supplements; and require INR verification for patients receiving warfarin.
"Blaze Advisor is increasingly being embedded as the decision management component within other enterprise software applications, such as IDX Carecast," said Carole-Ann Matignon, vice president of product management for Enterprise Decision Management Technologies at Fair Isaac. "The integration of Blaze Advisor within other software solutions provides compelling value to businesses looking to combine their existing technology with the industry's most powerful rules engine. Within Carecast, Blaze Advisor delivers consistent and precise decision management capabilities to analyze patient data against complex expert rules, helping to improve patient care."
Blaze Advisor is part of Fair Isaac's software and solutions for enterprise decision management (EDM), which combines data analytics, modeling and policy-level control to allow companies to define and manage their automated business systems for improved efficiency and greater profitability. Fair Isaac offers customers a combination of software and services allowing an enterprise to quickly implement customized systems that lower operational costs, reduce risk and provide greater accuracy and consistency of critical business decisions in interactive and batch applications.
Carecast is a fully integrated clinical, financial and administrative system, combining core clinical processes for orders, results, pharmacy and clinical documentation with administrative and financial processes for scheduling, registration, admitting, charging, and billing. The system automates workflow throughout the healthcare enterprise and enables rapid access to patient records across the care continuum, from admission to discharge, including inpatient and ambulatory care. The result is a comprehensive lifetime patient record that enhances the quality of care and promotes operational efficiencies.
About Fair IsaacFair Isaac Corporation (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company’s predictive modeling, decision analysis, intelligence management, decision management systems and consulting services power billions of mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations, and government agencies. Through the www.myfico.com Web site, consumers use the company’s FICO® scores, the standard measure of credit risk, to manage their financial health.
About IDX Systems CorporationFounded in 1969, IDX Systems Corporation provides information technology solutions to maximize value in the delivery of healthcare, improve the quality of patient service, enhance medical outcomes, and reduce the costs of care. Our systems are deployed to serve approximately 150.000 physicians and are installed at over 3.400 customer sites, including more than 850 group practices and approximately 370 integrated delivery networks servicing more than 500 hospitals.
IDX also provides its enterprise clinical software as a subcontractor to BT, Local Service Provider for the United Kingdom National Health Service's National Programme for Information Technology, an initiative to establish electronic patient records for 50 million patients.
The IDX web strategy includes browser technology, e-commerce and web-based tools - built using Internet architecture - that facilitates access for patients, physicians and care providers to vital health information and data managed by the IDX clinical, administrative, financial, and managed care products. IDX has approximately 2.400 full-time employees.
Fair Isaac Statement Concerning Forward-Looking InformationExcept for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its Fair Isaac Blaze Advisor offering, and the benefits to be derived from this offering, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including any unforeseen technical difficulties related to the implementation, use and functionality of the offering, the risks that customers will not perceive material benefits from the offering, failure of the product to deliver the expected results, the possibility of errors or defects in the offering, regulatory changes applicable to the use of consumer credit and other data, and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2004, and quarterly report on Form 10-Q for the period ended June 30, 2005. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
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