PORTLAND, May 14, 2004–The Portland Business Alliance honored Qmedtrix as one of the top area businesses that have significantly contributed to the region’s growth during the previous year.

Qmedtrix placed third in the Portland Business Alliance’s annual ranking of the area’s Top 10 Growth companies. All 10 winners were honored at the Portland Business Alliance annual membership meeting held at the Oregon Convention Center on May 11. Dr. Merrit Quarum, CEO and president, received the award for Qmedtrix. The Top 10 Growth award winners were featured in the May edition of Oregon Business magazine.

The Top 10 Growth companies ranking was based on revenue/sales growth, employment growth and years in business.

From 2002 to 2003, Qmedtrix posted an 89 percent revenue increase and a 99 percent increase in its staff.

“We’re truly honored to be recognized among the top growth companies in the region,” said Dr. Quarum, a Portland native who earned academic degrees from Reed College and the Oregon Health and Science University. “Portland’s rich talent pool has yielded a competent, committed and dynamic group of individuals that make up the Qmedtrix team. Because of the unique abilities, dedication and hard work of our staff, Qmedtrix is able to provide innovative health care cost-containment solutions nationwide.”

The Portland Business Alliance award is the latest in a string of recognitions that Qmedtrix has received for its phenomenal growth in 2003. The Business Journal named Qmedtrix to its lists of 100 Fastest Growing Private Companies and Oregon’s Top 50 Technology and Software Companies. Qmedtrix also was named Growth Company of the Year by the Oregon Entrepreneurs Forum and included in Deloitte and Touche’s prestigious Oregon Technology Fast 50.

About Qmedtrix
Qmedtrix is one of the nation's leading decision software firms specializing in health care cost-containment solutions. Qmedtrix offers a complete spectrum of systems and services to support the efforts of its clients. The company’s rules engine and proprietary database set the industry standard.

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