Press Release
For Immediate Release
MedeFinance and Media Contact: James T. Quist Chairman & CEO 510.647.1300 extension 204 email: jquist@medefinance.com
MedeFinance Hires Nine to Support Robust Growth and Continued Market Expansion
OAKLAND, Calif.– February 9, 2005 — Emeryville-based MedeFinance, the first provider of services and technology for the on-demand delivery of business intelligence and analytics for healthcare financial managers, has hired nine professionals in the areas of corporate management, business development, sales, product management, and client service to support its expanding customer base and growing market opportunity. MedeFinance’s flagship product, ATB Manager™, is currently installed in more than 400 U.S. hospitals, and provides management with sophisticated web analytics and an instantly available IT environment for a standardized and reliable view of financial performance. MedeFinance grew over 250% in 2004 and continues to expand by adding leading healthcare organizations to its client roster. The addition in 2004 of Tenet Healthcare Corporation, Triad Hospitals, Inc., Orlando Regional Medical Center, Duke University Medical Center, and Kaiser Permanente - just a partial listing of the country’s premier medical institutions - validates MedeFinance’s integrated approach to financial performance improvement, and demonstrates the broad application and functionality of their on-demand technology solution. To support their impressive growth and market opportunity, MedeFinance has added the following talented industry professionals to the team : Walter Ellenberger joins MedeFinance as General Manager, Payer Initiatives. In this role, he is responsible for diversifying the company’s core competency in healthcare provider analytic solutions into the payer market. Responsibilities include market research, business development, and customer operations. Ellenberger brings over 21 years of experience serving the healthcare information technology industry, the last 12 serving in senior executive positions. Prior to joining MedeFinance, he was Senior Vice President and General Manager of the Health Payer Group for ViPS, Inc. Sal DeTrane joins MedeFinance as Vice President, Corporate Development & Finance, and is responsible for the company’s business planning and strategy, market exploration and analysis, organization/infrastructure planning, and merger and acquisition activities. He also performs the CFO function and related administrative activities to support operations. DeTrane has more than 12 years experience and a diverse background in venture capital, strategic consulting, and finance. Prior to joining MedeFinance, he was the founder and Managing Director of Nucleus Partners, LLC. Adam Boehler hasjoined MedeFinance as Director, Business Development & Strategic Relationships, where heis responsible for the firm’s business development activities, including channel and additional partnerships, as well as merger and acquisition activities. Boehler also helps to define product and corporate strategy. Prior to joining MedeFinance, he was a venture capitalist at Battery Ventures. Douglas Stark joins MedeFinance as Senior Director, Product Management. In this role, he is responsible for managing the company’s suite of products, including overseeing strategic direction, product and customer requirements, pricing, and product deployment. Stark has 12 years experience developing software products and technology services, and was previously Director of Product Management for Metreo. Christian Wieland joins the MedeFinance team as Director, Product Management and has over six years experience in product and project management focused in defining, designing, and implementing enterprise class software systems for large-scale clients. Wieland will contribute to overseeing the company’s suite of products. Prior to joining MedeFinance, he was Director of Product Management for Avolent, Inc. Douglas Murray joins MedeFinance as a Senior Account Executive and is responsible for maintaining and managing client relationships with select MedeFinance accounts. Murray brings a successful track record of over 16 years in client service, account management, and direct sales. Prior to joining MedeFinance, he was a Senior Sales Engineer with Spheris Operations, Inc. Tracey Seals joins MedeFinance as a Regional Sales Manager responsible for sales and territory management in the U.S. Western region. She brings over seven years experience in sales development and marketing strategy for hardware and hardware applications as well as niche software offerings. P rior to joining MedeFinance, she was a regional sales executive with Datascan Technologies, Inc. H. Frank Yarborough joins the MedeFinance team as a Regional Sales Manager responsible for sales and territory management in the U.S Eastern region. He brings over seven years sales management experience managing large sales teams in complex software sales, and has a successful record selling application solutions in mainframe, client server and web-based technology environments. Prior to joining MedeFinance, he was with SAP America in the Global Accounts Group. Keith Wagstaff joins the team as a Regional Sales Manager, where he is responsible for sales and territory management in the U.S. Central region. Wagstaff brings over a decade of success in results-driven sales and business development for complex enterprise-wide software applications and ASP model e-commerce applications. Prior to joining MedeFinance, he was VP of Sales for AtStaff, Inc. "These professionals bring the talent, experience, and focus that MedeFinance requires as we move forward with our ambitious growth and customer service objectives,” stated Jim Quist, Chairman and CEO of MedeFinance. "This seasoned group of professionals strengthens our team and brings the company immediate value.” About MedeFinance MedeFinance is the industry’s first provider of on-demand analytic software and services for healthcare financial managers and executives. The company is recognized for delivering innovative services that improve financial performance and create sustainable value through a revolutionary combination of sophisticated analytics, an instantly available IT environment, and unparalleled client services. The company serves over 400 U.S hospitals, including Kaiser Permanente, Tenet Healthcare Corp., Partners HealthCare, and Triad Healthcare Inc. Founded in 1994, MedeFinance is a rapidly growing, privately held company headquarted in Emeryville, Calif. To find out more about MedeFinance, visit www.medefinance.com.