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HealthEdge® and Click4Care® Announce Common Leadership

Companies provide an unparalleled claim processing, benefit administration, and care management solution for healthcare payors

Burlington, MA, June 3, 2009—HealthEdge, provider of the only modern, enterprise-class software platform for healthcare payors, today announced that Rob Gillette, in addition to continuing as CEO of HealthEdge, has also been named CEO of Ohio-based Click4Care, a leading provider of next-generation care management software. The two organizations offer revolutionary new claim processing, benefit administration, and care management platforms that go far beyond existing solutions from other companies. Both HealthEdge and Click4Care will continue to operate independently, with separate boards of directors and management teams.

"Healthcare organizations will require modern technology solutions that integrate both benefit and care management in order to deliver next-generation, value-based healthcare offerings,” said Dr. Albert Waxman, Chairman of HealthEdge and Senior Managing Member of Psilos Group. “HealthEdge and Click4Care both have products that will fundamentally change the healthcare market over the next several years. We are excited to now have Rob Gillette leading these two Psilos portfolio companies."

"The healthcare industry is currently undergoing an unprecedented level of change," said Rob Gillette, CEO of both HealthEdge and Click4Care, “as payor organizations now realize they must leverage new technology in order to provide the innovation, transparency, and efficiencies that healthcare consumers demand. HealthEdge and Click4Care were both built with these 21st century healthcare needs in mind. By positioning the companies under common leadership, we will be able to leverage the combined strength of both offerings, and both companies, to create a solution that will be second to none in the market."

HealthEdge also announced today that Ray Desrochers has been promoted to the position of Chief Operating Officer. In his new role, he will be responsible for leading HealthEdge’s day-to-day operations and for ensuring the successful growth of the business.

About HealthEdge

HealthEdge provides the only modern, enterprise-class software platform for healthcare payors. Using the patented HealthRules® software suite, health plans, health insurance companies and other payors can finally respond to new business opportunities and market changes in hours, not months or years, while drastically reducing both IT and operational costs. Leveraging an investment of over $125 million in information technology, HealthRules is the most modern, scalable and cost-effective technology in the industry. HealthEdge is the only choice for payors to survive and thrive in the emerging healthcare economy.

About Click4Care

Click4Care, Inc. provides innovative medical management software, integrating data from multiple systems into a solution that automates patient care pathways. Streamlined workflows and optimized resources drive unprecedented ROI for medical managers and their supply chain colleagues, while providing life-improving care to patients. Click4Care is driving enterprise-wide changes in the processes and business models of healthcare delivery. Some of the world's most progressive health insurance providers rely on ThinkHealth for a more consumer-driven approach to medical management.

Contact:

Ray Desrochers
HealthEdge
781-285-1316