Press Release
For Immediate Release
MedeFinance and Media Contact: James T. Quist Chairman & CEO 510.647.1300 extension 204 email: jquist@medefinance.com
Tenet Healthcare Corporation Awards MedeFinance National Roll-Out of Revenue Cycle Management Solution
ATB Manager™ Analytics to Improve Revenue Cycle Efficiency and Increase Network Revenues OAKLAND, Calif.– April 6, 2004 — Emeryville-based MedeFinance, a leading provider of revenue cycle management solutions for the healthcare industry, today announced that Tenet Healthcare Corporation (THC), one of the nation's largest investor-owned integrated delivery networks headquartered in Santa Barbara, Calif., has expanded its contract to install ATB Manager nationally across its healthcare delivery network of 100 acute care hospitals throughout 14 States. ATB Manager is one of a suite of modules developed by MedeFinance to help hospital management measure and monitor key performance metrics of the revenue and accounts receivable cycle. The product has been operational in 36 Southern State hospitals since 2003. When fully implemented, ATB Manager will integrate and standardize financial information for Tenet executives throughout the entire delivery network so that management can anticipate financial challenges and take the most effective path to collecting cash and optimizing the revenue cycle. “This decision by Tenet's management to expand the MedeFinance solution from the Southern Region to all Tenet hospitals not only validates our ability to help large hospital systems improve revenue cycle performance through our suite of products, but also significantly underscores MedeFinance's ability to meet the high service level demands of a major multi-hospital system on an on-going basis,” stated Jim Quist, Chairman and CEO of MedeFinance. “We are very pleased to have this respected organization as a client, and look forward to helping Tenet advance their revenue cycle performance initiatives.” About Tenet Healthcare Corporation Tenet Healthcare Corporation is the nation's second-largest investor-owned hospital company, with a proven record of developing successful integrated delivery networks. Tenet, through its subsidiaries, owns or operates 100 acute care hospitals with 24,918 beds and numerous related businesses in 14 states. Tenet and its subsidiaries employ approximately 104,323 people across the country. Tenet Healthcare Corporation is headquartered in Santa Barbara, Calif. 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.