Press Release
For Immediate Release
MedeFinance and Media Contact: James T. Quist Chairman & CEO 510.647.1300 extension 204 email: jquist@medefinance.com
MedeFinance Partners With Center 7/Inc. As Their Secure HIPAA Compliant Data Hosting and Network Services Provider
OAKLAND, Calif.– February 10, 2003 — Emeryville-based MedeFinance, a leading provider of revenue cycle management solutions for the healthcare industry, announced today that it has signed a long-term contract to team with Center 7, Inc., a privately held Salt Lake City-based company that provides tools and services for managing distributed computer sites and central data centers, as its data hosting partner. This transaction will combine the reputable operating history of Center 7’s Utah-based data center with MedeFinance’s presence as a leading provider of revenue cycle-based business intelligence solutions for the $50 billion healthcare financial services market. “The healthcare financial industry is plagued with costly and timely paper intensive processes, large transaction-based databases, lack of standardization, and disparate information systems,” indicated Jim Quist, Chairman and CEO of MedeFinance. “Working with Center 7, we can help improve these inefficiencies by utilizing the Internet to get mission critical, aggregated revenue cycle management information to our customers on a 24/7 basis.” Center 7 has vast experience in hosting and delivering secure, HIPAA compliant, accurate healthcare information. Center 7’s data hosting services meet all existing and proposed HIPAA requirements, in areas covering administrative issues, physical safeguards, technical security services and mechanisms, security awareness, procedures and electronic signature standards. About MedeFinance MedeFinance is a leading application service provider of revenue cycle management solutions 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 Hospitals, Inc. MedeFinance is a privately held company based in Emeryville, Calif. To find out more about MedeFinance, visit www.medefinance.com.