Emdeon Awarded Five-Year IT Schedule 70 GSA Contract

NASHVILLE, Tenn., May 17, 2011 /PRNewswire/ -- Emdeon Inc. (NYSE: EM), a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, today announced it has been awarded a five-year United States General Services Administration (GSA) Schedule 70 contract. Emdeon's GSA contract, number GS-35F-0176X, allows Emdeon to offer a comprehensive array of its healthcare information technology products, services and solutions to more than 90 government entities.

The GSA contract enables Emdeon to efficiently market its pharmacy, payer and consulting solutions listed in the GSA schedule contract directly to federal, state and local government agencies. A GSA schedule contract permits government agencies to purchase commercial goods and services using pre-negotiated terms and pricing with the purpose of significantly streamlining the procurement process for government customers.

"Emdeon currently provides healthcare information technology solutions to several government entities, including pharmacy services on behalf of the Department of Defense and claims processing for the Veterans Administration," said Gary Stuart, executive vice president of payer services for Emdeon. "Securing the GSA contract is a natural next step in our strategy to expand sales of Emdeon's leading healthcare technology solutions to the government."

Emdeon's health information network is the single largest financial and administrative information exchange in the U.S. healthcare system and reaches approximately 500,000 providers, 5,000 hospitals, 81,000 dentists, 60,000 pharmacies, 150 labs and 1,200 payers.  Under its GSA contract, Emdeon is currently able to offer the government healthcare technology solutions such as claims processing, electronic prescribing and consulting solutions. In addition to the Emdeon solutions currently listed in the GSA schedule, Emdeon also offers revenue cycle management, payment management and clinical services solutions which may be added to the GSA schedule at a future date. Emdeon's GSA contract is effective until January 2016.

About Emdeon

Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon's product and service offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter. Through the use of Emdeon's comprehensive suite of products and services, which are designed to easily integrate with existing technology infrastructures, customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle and clinical information exchange processes. For more information, visit www.emdeon.com.

About GSA

The General Services Administration is the primary purchaser of goods and services, including information technology, for the United States federal government and military institutions. The GSA ensures that the government acquires quality goods and services according to best management practices and with the goal of efficient and more cost effective government operations. www.gsa.gov.

Statements made in this press release that express Emdeon's or management's intentions, plans, beliefs, expectations or predictions of future events are forward-looking statements, which Emdeon intends to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Forward-looking statements also may include information concerning Emdeon's possible or assumed future results of operations, including descriptions of Emdeon's revenues, profitability and outlook and its overall business strategy. You should not place undue reliance on these statements because they are subject to numerous uncertainties and factors relating to Emdeon's operations and business environment, all of which are difficult to predict and many of which are beyond Emdeon's control. Although Emdeon believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Emdeon's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements, including the risks discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections and elsewhere in Emdeon's Annual Report on Form 10-K for the year ended December 31, 2010, as well as Emdeon's periodic and other reports, filed with the Securities and Exchange Commission.

You should keep in mind that any forward-looking statement made by Emdeon herein, or elsewhere, speaks only as of the date on which made. Emdeon expressly disclaims any intent, obligation or undertaking to update or revise any forward-looking statements made herein to reflect any change in Emdeon's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

SOURCE Emdeon Inc.