Press Release
For Immediate Release
MedeFinance and Media Contact: James T. Quist Chairman & CEO 510.647.1300 extension 204 email: jquist@medefinance.com
Partners HealthCare of Boston To Collaborate With MedeFinance in Pilot Of New Financial Reserve Management Module
OAKLAND, Calif.– March 3, 2003 — Emeryville-based MedeFinance, a leading provider of web based revenue cycle management solutions for the healthcare industry, announced today that Boston-based Partners HealthCare, a non-profit integrated healthcare network founded by Brigham and Women’s Hospital and Massachusetts General Hospital, will collaborate with MedeFinance in a strategic project alliance to develop and pilot a new reserve management module. The new module will reduce the time required for Partner’s hospitals to complete the month end revenue cycle and streamline the data and reporting cycle. Additionally, Partners will be provided with new drill down functionality that identifies the root cause of financial performance problems. In this pilot phase, Partners has also contracted to install ATB Managerд with customized reporting, one of MedeFinance’s modules to measure and monitors key performance metrics of the revenue and accounts receivable cycle. “We look forward to helping Partners achieve their financial performance goals with our revenue cycle management solutions,” stated Brian Robertson, Senior Vice President of Operations. “Our product development pilot in the area of reserve modeling and management will be greatly enhanced by the insight and experience that Partners HealthCare brings to the table.” 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.