| D2Hawkeye Receives Initial Outside Funding |
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Investment used to expand operations, enhance product lines, and increase research and development efforts
WALTHAM, Mass. - May 7, 2007 - D2Hawkeye, Inc ®, the market leader in transforming healthcare data into actionable business intelligence, today announced that it has received equity funding from Nashville-based disease management firm, Healthways. Healthways currently utilizes D2Hawkeye (D2) data mining and predictive modeling products to enhance its understanding of individual member risk factors, thereby providing the enhanced clinical specificity required for more effective and efficient disease management interventions.
D2 will use the equity capital for operational expansion and product line enhancement, and will invest additional funds in the research and development underpinning its breakthrough clinical models designed to manage health care quality and expense. In addition, during the second quarter, D2 is launching several new products – D2ReportManager, D2BenefitAdvisor, and D2Analyzer - each built with customer input, and each designed to meet needs in the marketplace for more focused and accessible reporting and analysis. D2 has obtained additional resources to help support this effort, including an expansion of its leadership team and additional capital from investors. There will be further announcements as D2 deploys its new tools and further enhances its support for clients.Healthways has assumed a minority position in privately-held D2Hawkeye. Financial terms of the deal will not be disclosed.
About D2Hawkeye, Inc.® D2Hawkeye is the leading provider of medical data reporting and analytics solutions. The company rapidly integrates all of a population’s eligibility, medical claims, pharmacy claims, health risk assessment and case management data, and then applies a wide range of medical rules in order to predict individual and aggregate risk in that population. Through the use of intensive data mining techniques, D2Hawkeye automates the analytical process, enabling its clients to make medical management and financial decisions in a more effective and timely manner. Based in Waltham, MA, D2Haweye is privately held. For more information, please visit http://www.d2hawkeye.com.
About Healthways, Inc. Healthways, Inc. is the leading provider of specialized, comprehensive Health and Care SupportSM solutions to help millions of people maintain or improve their health and, as a result, reduce overall healthcare costs. Healthways’ programs are designed to help healthy individuals stay healthy, mitigate and slow the progression of disease associated with family or lifestyle risk factors and promote the best possible health for those already affected by disease. Our proven, evidence-based programs provide highly specific and personalized interventions for each individual in a population, irrespective of age or health status, and are delivered to consumers by phone, mail, internet and face-to-face interactions, both domestically and internationally. Healthways also provides a national, fully accredited complementary and alternative Health Provider Network, offering convenient access to individuals who seek health services outside of, and in conjunction with, the traditional healthcare system. For more information, please visit http://www.healthways.com/
For Additional Information Contact: Sara Fraim, 781-693-3763 This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or Mike Reilly, 617-758-4154 This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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