Quadax founders Ralph Daugstrup and Tom Hockman
A Continuity of Excellence
Our Founders
Combining their expertise, founders Ralph Daugstrup and Tom Hockman started Quadax in 1973. Forged from their days working together at IBM, their partnership formed a vision and mission that, tested by time, has lasted more than five decades and thrives today.
Operating nationally, Quadax has grown to become a leader in the healthcare industry, working with a diverse set of clients from large interstate healthcare campuses to genomic and molecular diagnostic labs. Tom continues to influence his legacy as Chairman of the Board and CFO and Ralph, who passed in 2023 at 87, remained an invaluable consultant and advisor to Quadax even after retiring in 2005. His dedication and contributions will always be remembered.
Though we take pride in past accomplishments, we are vigilant in our pursuit of future opportunities. Choosing to remain a private entity, we place our clients first and uphold our standards of success without having to sacrifice either for shareholders’ gain.
People Empowering Technology
Quadax, a leading provider of revenue cycle solutions, offers expert guidance to help clients achieve organizational excellence, advance their standard of care, and improve financial performance. Based in Cleveland, Ohio, for 50 years Quadax has achieved remarkable growth through continuous technological advancements in revenue cycle management. Through relentless pursuit of innovation, the company has developed over 40 cutting-edge software solutions and tools to address the evolving needs of thousands of healthcare clients. These solutions have successfully secured billions in reimbursement and improved the patient experience for their clients and cementing their status as a leader in healthcare revenue cycle management technology.
With over 670 professionals across four locations, Quadax values a highly skilled workforce. 37% of our team brings a decade or more of invaluable experience to our clients. This commitment to employee development reflects our focus on staff engagement, performance maximization, and cultivating the next generation of talented employees.
About The Quadax Commitment
Maintaining a steadfast pursuit of innovation and addressing complex challenges, Quadax upholds a commitment to the pillars of dedication, service, quality, and innovation. Promising to serve without boundaries, seamless unity, and availability to clients, Quadax approaches its work with compassion and care, prioritizing the well-being of clients who, in turn, take care of our communities.
Aligned with its founding principles of integrity, respect, teamwork, and dependability, the Quadax team is committed to providing precise and purposeful answers. Quadax empowers clients to make a positive impact through a coordinated service model featuring dedicated engagement teams, innovative software solutions, and compassionate call center support. This approach aims to provide clients with immediate visibility into their business operations by offering reliable resources and information. Quadax’s client implementation and engagement strategies are designed to foster the flow of knowledge, ensuring it remains open and continuous.
