White Memorial Medical Center Selects MedeFinance Business Intelligence System; ATB Manager Interactive Analytics To Support Revenue Cycle Improvement Initiatives

Business Wire, Nov 10, 2004

OAKLAND, Calif. -- Emeryville-based MedeFinance, a leading provider of business intelligence and analytical tools for the healthcare industry, announced that White Memorial Medical Center of Los Angeles, CA, one of Southern California's leading not-for-profit hospitals, has signed an agreement to implement ATB Manager(TM) to monitor and measure key financial performance metrics.

MedeFinance's web-based business intelligence system is currently installed and used by financial managers in more than 400 U.S. hospitals. The system integrates and standardizes financial information from multiple source systems and provides management with an actionable, reliable, and current-time view of financial performance in a user-friendly interface. Financial managers are continually enabled with the intelligence needed for effective decision management.

"Our partnership with MedeFinance aligns with our goal to leverage high-value technology to better understand and improve our financial performance," stated John Raffoul, Vice President of Finance and Chief Financial Officer for White Memorial. "MedeFinance has achieved proven results with major healthcare institutions and we hope to leverage their experience at WMMC."

"We are delighted that White Memorial Medical Center has selected our technology solution to help them track and improve their fiscal performance," stated Jim Quist, Chairman and CEO of MedeFinance. "Our business intelligence platform and analytical tools will help them achieve an increased degree of success, and we look forward to a continued relationship with their team."

About White Memorial Medical Center

As a Seventh-day Adventist community hospital, White Memorial Medical Center is one of Southern California's leading not-for-profit hospitals, known for outstanding women's, children's, emergency, rehabilitation, cancer, cardiac, outpatient and community outreach services. As a major teaching hospital, White Memorial also plays an important role in training physicians, nurses and other medical professionals. With 350 beds, 1,500 employees and more than 400 physicians on our medical staff, we are committed to improving health by providing high quality, affordable health care with compassion, respect and a personal touch.

About MedeFinance

MedeFinance is a leading provider of business intelligence and analytical tools for the healthcare industry. The company is recognized for delivering innovative products and services that improve bottom-line performance and create sustainable value for its clients, which include Kaiser Permanente, Tenet Healthcare Corp., Partners HealthCare, and Triad Healthcare Inc. MedeFinance is a privately held company based in Emeryville, Calif. To find out more about MedeFinance, visit www.medefinance.com.