Press Release
For Immediate Release
MedeFinance and Media Contact: James T. Quist Chairman & CEO 510.647.1300 extension 204 email: jquist@medefinance.com
Kaiser Permanente Selects MedeFinance Revenue Cycle Management Solution for Southern California Roll-Out
ATB Manager™ Interactive Metrics to Increase Net Revenues OAKLAND, Calif.– January 1, 2004 — Emeryville-based MedeFinance, a leading provider of revenue cycle analytics for the healthcare industry, announced today an additional contract agreement with Kaiser Permanente, one of the country's premier medical institutions and the nation's largest nonprofit health plan, to install ATB Manager across its Southern California network of acute care hospitals. ATB Manager, which is currently installed in more than 400 U.S. hospitals, provides a standardized, reliable, and real-time view of Kaiser's revenue cycle performance, and provides hospital management with actionable information and key analytics to measure and monitor the revenue and accounts receivable cycle to increase cash flow and improve operating efficiency. ATB Manager has been operational in Kaiser's 43 Northern state hospitals since 2003. “We look forward to continuing to provide this prestigious organization with intuitive performance indicators and standardized data sharing throughout their multi-hospital network in California so that the best decisions possible can be made toward achieving income potential,” stated Jim Quist, Chairman and CEO of MedeFinance. “Our technology solution is an essential and strategic business ool that will help Kaiser take their revenue cycle management initiatives to the next level.” About MedeFinance MedeFinance is a leading provider of revenue cycle analytics 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.