Press Release
For Immediate Release
MedeFinance and Media Contact: James T. Quist Chairman & CEO 510.647.1300 extension 204 email: jquist@medefinance.com
Touro Infirmary Selects MedeFinance Business Intelligence System
Key Drivers of Financial Performance Delivered to Desktop OAKLAND, Calif.– October 11, 2004 — Emeryville-based MedeFinance, a leading provider of business intelligence and analytical tools for the healthcare industry, announced today that Touro Infirmary, a non-profit community-based hospital located in New Orleans, LA, has signed a three year agreement to implement ATB Manager™ and ERA Manager™ to monitor and measure key performance metrics. MedeFinance’s web-based business intelligence system is currently installed and used by financial managers in more than 400 U.S. hospitals. The system integrates and standardizes financial information from multiple source systems and provides a real-time view of financial performance. Core modules being implemented include ATB Manager, a module designed to monitor and measure key metrics of the revenue and accounts receivable cycle, and ERA Manager, a module that collects and analyzes payer-generated adjudication. “We selected MedeFinance because of the results they have been able to achieve for leading healthcare providers, and their depth of experience,” stated Robert Ficken, Vice President and CFO at Touro Infirmary. "MedeFinance’s web-based technology and analytics will provide our team with invaluable, real-time information that is essential for understanding and improving our financial performance.” "We are very pleased to be working with Touro Infirmary,” stated company Chairman and CEO, Jim Quist. “Our ability to consistently deliver high performance results continues to set us apart in the healthcare industry .” About Touro Infirmary Founded in 1852, Touro Infirmary is New Orleans' only community based, not-for-profit faith-based hospital. For more than 150 years, Touro has been in the vanguard of medical excellence. As one of New Orleans' most enduring monuments, Touro Infirmary stands for stability. Tens of thousands of babies have been born at Touro, and they've treated more than a million people. Their modern facilities utilize the latest technology, and Touro is known for its quality and excellence. For additional information about programs and services contact Touro Infirmary at touro.com. 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.