OAKLAND , Calif. July 25, 2005 – Emeryville-based MedeFinance, a leading provider of on-demand analytics and client services for healthcare financial managers and executives, has signed a multi-year contract with Hospital Partners of America, Inc., (HPA), to implement its Revenue Cycle Analytics application.

MedeFinance Revenue Cycle™ Analytics is one of a suite of analytic applications developed by MedeFinance to help healthcare organizations measure and monitor key performance metrics of the revenue and accounts receivable cycle. The analytics application will significantly improve HPA's ability to monitor, manage, and improve critical aspects of revenue cycle performance. Over 500 U.S. hospitals currently use MedeFinance's adaptive analytics and client services, enabling financial executives to make rapid improvements to enterprise-wide financial performance.

Hospital Partners of America, Inc. is a privately held healthcare services company based in Charlotte , N.C. , founded in early 2002 to own and operate general acute care hospitals in partnership with leading physicians throughout the country. Their flagship facilities include Shasta Regional Medical Center , Redding CA ; Twelve Oaks Medical Center in Houston, TX; and Austin Surgical Hospital of Austin, TX.

“Although we are in the early stages of implementation, users are finding MedeFinance's revenue cycle analytics application very beneficial in providing an accurate and system-wide source for receivables performance,” said Bob Sabo, Chief Financial Officer for HPA. “Having our financial information on one common platform means we spend more time on data analysis instead of data gathering, which will drive more timely decision making and performance improvements across our organization.” 

“ Like many leading healthcare organizations, HPA is realizing the rapid time to value of MedeFinance's performance management solutions,” said Jim Quist, Chairman and CEO of MedeFinance.  “Our on-demand enterprise platform and analytics suite is a powerful combination that will simplify and speed HPA's financial and operational performance.”

About Hospital Partners of America, Inc.

Hospital Partners of America, Inc. is a privately held healthcare services company based in Charlotte , N.C. , founded in early 2002 to own and operate general acute care hospitals in partnership with leading physicians throughout the country. Hospital Partners develops and operates hospitals throughout the country with a singular mission: to partner with leading physicians in order to redefine the way hospital care is delivered.

About MedeFinance