Press Release
For Immediate Release
MedeFinance and Media Contact: James T. Quist Chairman & CEO 510.647.1300 extension 204 email: jquist@medefinance.com
Orlando Regional Healthcare Selects MedeFinance Revenue Cycle Management Solution
ATB Manager™ to Provide Real-Time Business Intelligence OAKLAND, Calif.– April 26, 2004 — Emeryville-based MedeFinance, a leading provider of revenue cycle analytics for the healthcare industry, announced today that Orlando Regional Healthcare, a not-for-profit healthcare network located in Orlando, FL, has signed a three year agreement to implement ATB Manager to monitor and measure key performance metrics of the revenue and accounts receivable cycle on a real-time basis. ATB Manager, MedeFinance's web-based business intelligence system currently installed in more than 400 U.S. hospitals, integrates and standardizes financial information and provides real-time revenue cycle metrics via the Internet so that management can anticipate financial challenges and make the most effective decisions for optimizing the revenue cycle. “We believe MedeFinance's revenue cycle management system will provide on-going benefit and improve the responsiveness of our management team by supplying us with actionable information that will alert us to problem areas and make it possible to track the key drivers of revenue cycle performance,” stated Keith Eggert, Corporate Director of Patient Financial Services for Orlando Regional Healthcare. “This is simply the best solution and value-added technology available to help us achieve our cash acceleration and revenue enhancement objectives.” “We are very pleased to be working with Orlando Regional Healthcare and are confident that our technology and analytics will play a significant role in helping management make sound strategic decisions from all available information,” stated Jim Quist, CEO of MedeFinance. “We welcome Orlando Regional Healthcare as a client and look forward to helping them achieve their financial objectives.” About Orlando Regional Healthcare Orlando Regional Healthcare, a 1,640-bed private, not-for-profit organization was established in 1918. The hospital system serves more than 640,000 Central Florida residents and 4,500 international patients annually. Physicians are independent contractors and are not employees of Orlando Regional Healthcare or its subsidiaries. As a community-owned organization, Orlando Regional reinvests its profits into many one-of-a-kind, specialized services like Central Florida's only Level I trauma center and statutory teaching hospital. U.S.News & World Report ranked Orlando Regional Healthcare as one of the nation's best hospitals and Fortune magazine recognized Orlando Regional as one of the Top 100 Companies to Work for in America. More information is available at www.orlandoregional.org. 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.