PORTLAND, May 14, 2004–For the second year in a row, Qmedtrix was named among Oregon’s leading technology and software firms in the Business Journal of Portland’s annual list of Top 50 Technology and Software Companies.

Qmedtrix climbed the rankings to 32nd place from 36th in the previous year. The list, which ranked the companies by 2003 total revenues, was published in the February 20 edition of the Business Journal.

“It’s a great honor to be ranked among the most innovative, leading-edge technology companies in the state,” said Todd McLean, vice president of Business Development. “We’re delighted to be recognized for our success in the marketplace and our ability to deliver innovative services that are driven by our decision software and cost-containment systems and services to the health care industry nationwide.”

Qmedtrix had a tremendous 2003: recording revenue growth of more than 90 percent and increasing its staff by almost 100 percent. Recognizing the company’s phenomenal growth, the Business Journal named Qmedtrix to last year’s list of 100 Fastest Growing Private 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. Recently, the company placed third in the Portland Business Alliance Top 10 Growth Awards.

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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