WEST PALM BEACH, Fla., October 26, 2007 -- ikaSystems Corporation announced today that Metropolitan Health Networks, Inc. (METCARE) (AMEX:MDF) has entered into an agreement to implement ikaSystems’ web enabled ikaDWH (Datawarehousing and Decision Support System), ikaUA (Utilization Analytics) and ikaProfyle (Physician Profiling) systems.

ikaDWH (Datawarehousing and Decision support system) provides real time online access to medical and pharmacy costs for decision support for both - METCARE of Florida, Inc. (Provider Services Network) and METCARE Health Plans, Inc. (Medicare Advantage Health Plan). ikaDWH is a central repository of data for physicians (PCPs and Specialists), pharmacies, members, hospitals and other facilities.

ikaUA (Utilization Analytics) and ikaProfyle (Physician Profiling) systems provide analyzed information on utilization of healthcare dollars by PCPs, specialists, members, hospitals and other facilities. Data is analyzed after adjusting for age, gender, morbidities and co-morbidities (case-mix), benefits payments and RVUs. Such adjustments allow for a just and fair comparison of relative performance. Population based analysis (rather than episode based analysis) determines the effectiveness of ‘gate-keeper’ function of PCPs. Specialists who perform procedures (PRG – procedurally related group specialists) are analyzed differently from specialists who do not perform procedures (MRG – medically related group specialists). Physicians are tiered based on economic and quality performance and this forms an effective basis for pay for performance programs.

“Metropolitan believes ikaSystems has the technical and industry expertise to assist it in identifying over-utilization and analyze the comparative performance of its various providers” says Mr. Roman Fisher, SVP/CIO of Metropolitan Health Networks, Inc.

”Metropolitan Health Networks, Inc. chose our datawarehousing, utilization analytics and physician profiling systems as we come with over 13 years of experience in profiling” says Mr. Ravi Ika, President and CEO of ikaSystems.

About ikaSystems

ikaSystems (www.ikasystems.com) is a leading provider of web-based ERP solutions for the managed care industry. Based in Southborough, Massachusetts, ikaSystems offers a broad spectrum of software solutions, outsourcing, and consulting services.

The ikaEnterprise System is ikaSystems’ flagship product. It is a full-service, comprehensive system that automates all the key transactions in the managed care cycle. The system consists of five standalone, self-service web portals that are tightly integrated with core transactional systems: claims, disease and utilization management, medical and business intelligence, HEDIS® reporting, and consumer-directed healthcare. This integrated solution provides a comprehensive web-based infrastructure for healthcare organizations, insurance carriers, and third party administrators.

About Metropolitan Health Networks, Inc.

Metropolitan is a growing healthcare organization in Florida that provides comprehensive healthcare services for Medicare Advantage members and other patients in South and Central Florida. To learn more about Metropolitan Health Networks, Inc. please visit its website at www.metcare.com

Contacts 
ikaSystems Corporation
Cynthia Burghard, 774-760-1618
cburghard@ikasystems.com