Partners HealthCare Extends Multi-Year Contract with MedeFinance

Business Wire, August 21, 2007

Flexible, Web-based BI Platform and Customized Analytics Continue to Drive Financial Improvement

OAKLAND, Calif. -- Emeryville-based MedeFinance (Mede), has signed a new three year contract with Partners HealthCare of Boston, one of the country's premier medical institutions, to provide performance-enhancing business analytics. In addition to continued utilization of Mede's Revenue Cycle[TM] Analytics application, the health system has contracted for the development of several customized analytics applications targeted to help measure and monitor cash performance, underpayments, bad debt reserves, and charge capture.

"Mede's flexible business intelligence platform makes it possible to develop customized analytics that help improve access and management of our data, resulting in better operational decision-making and financial performance," stated Richard Silveria, Corporate Director of Revenue Finance at Partners HealthCare. "We are pleased with the benefits derived from Mede's solutions over the past three years. They bring strong technical expertise to the relationship and have been highly collaborative in designing and developing our analytic tools. They continue to be an effective and responsive business partner."

Mede's suite of business intelligence and analytics solutions make financial and operational data actionable to create a data-driven culture based on transparency, measurement, and accountability.

"We look forward to continuing to provide this prestigious organization with data solutions that facilitate the best decision-making possible," stated Michael Gallagher, CEO of Mede. "Our technology solution has become an essential and strategic business solution for hundreds of leading healthcare organizations like Partners HealthCare, and we value the continued support of the payer and provider community."

Partners HealthCare, based in Boston, Massachusetts, is an integrated health care delivery system that offers patients from the region and around the world a continuum of coordinated, high-quality care. The system includes primary care and specialty physicians, community hospitals, the two founding academic medical centers (Brigham and Women's Hospital and Massachusetts General Hospital), specialty facilities, community health centers, home health services, and other health-related entities. Partners is one of the nation's leading health systems, is a major teaching affiliate of Harvard Medical School, and is among the nation's premier biomedical research institutions. Partners HealthCare is a non-profit organization.

MedeFinance is the leading provider of managed, hosted on-demand business analytics and client services to assist healthcare providers and health plans improve financial and operational performance. The company is recognized for delivering innovative services that create sustainable value through advanced adaptive analytics, an instantly available IT environment and unparalleled client services. The company serves over 700 healthcare providers in the U.S. and U.K., including Kaiser Permanente, Tenet Healthcare Corp., Partners HealthCare, and The Cleveland Clinic. To find out more about Mede, visit www.medefinance.com.