SOURCE: Selectica

March 25, 2008 20:04 ET

Selectica to Host Webinar on How Contract Management Can Facilitate Compliance With New Stark Laws

SAN JOSE, CA--(Marketwire - March 25, 2008) - Selectica, Inc. (NASDAQ: SLTC), a leading provider of enterprise contract lifecycle management (CLM) solutions, today announced that they will be sponsoring a Webinar addressing how contract management can facilitate compliance with new Stark Laws that govern the way healthcare companies manage physician agreements. The Webinar, entitled "The Stark Truth about Physician Agreements," will take place on March 27, 2008 at 10am PDT. Presenters include Marc Holland, Program Director, Health Provider Research at Health Industry Insights, an IDC Company, and Dawn Tolotti, Director, Physician Services & Development at Providence Health, a not-for-profit health system servicing California, Oregon, Washington, Montana, and Alaska.

Stark Laws have changed the way healthcare providers need to manage physician agreements and payouts to physicians. Failure to comply with these laws can carry severe penalties, including exclusion from Medicare/Medicaid programs and stiff fines. Yet many providers have not yet implemented the systems they need to effectively meet regulatory requirements -- and prove they have done so in the event of an audit by the Office of the Inspector General (OIG). Presentations in this Webinar will help healthcare companies map a course to Stark compliance, and control risks they would otherwise incur.

The Webinar will begin with a presentation by Holland that reviews the overall status of technology and healthcare from a regulatory perspective, and specifically, the potential impacts of the newly released Stark III regulations. Tolotti, a member of Selectica's Healthcare Special Interest Group, will then discuss how Providence Health is using their contract lifecycle management solution to streamline management of physician agreements and to comply with Stark laws.

"Physician agreements are very complex, and represent just one of many contract types that drive business and patient care at healthcare providers," said Doug Bell, Selectica's Vice President of Marketing, Contract Management Solutions. "A significant portion of our customers are healthcare providers who rely on the Selectica contract lifecycle management solution to cost-effectively manage these agreements and ensure compliance with all pertinent regulatory requirements. We look forward to expanding this number significantly."

Following the Webinar, participants will be presented with an accompanying white paper and link to the Webinar replay. To register, click here.

About Selectica, Inc.

Selectica, Inc. (NASDAQ: SLTC) provides enterprise-class software solutions for sales configuration and contract lifecycle management. Selectica's contract management software solutions enable companies to manage critical business functions including contract administration, sourcing, procurement, governance, sales, revenue recognition, healthcare, and provide enterprise-wide visibility to key stakeholders such as General Counsel and executive management. Selectica's Sales Configuration Solutions simplify and automate the configuration, pricing, and quoting of complex products and services. For over 10 years, Selectica has helped its customers generate substantial savings. Selectica customers represent leaders in manufacturing, technology, finance, retail, real estate, insurance, healthcare, semiconductor and telecommunications, including: ABB, ADP, Accenture, Bell Canada, Cisco, Covad Communications, Fujitsu, General Electric, Fireman's Fund Insurance Company, Host Hotels, IBM, Juniper Networks, Reliance Industries, Rockwell Automation, Tellabs, and Walt Disney. Selectica is headquartered in San Jose, CA. For more information, visit the company's Web site at www.selectica.com.

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