London & Oakland, Calif., January 31, 2006 – The Healthcare Financial Management Association (HFMA), representing over 3,600 senior NHS finance professionals, and MedeFinance, Inc., the leader in innovative analytic technology solutions for the healthcare industry, have agreed to partner to provide MedeFinance's business intelligence and analytics suite to NHS organizations.

In response to the growing deficit and necessary compliance to new NHS policies faced by the nation's healthcare organizations, HFMA and MedeFinance will work to market a suite of web-based analytic solutions carefully tailored to the UK healthcare environment and the requirements of HFMA members to help them monitor, manage, and improve critical aspects of financial and operational performance.

“MedeFinance offers a product with proven value and we're delighted that HFMA Ltd will be their partner in bringing significant benefits to NHS organizations,” said Mark Knight, Chief Executive Officer of HFMA. “MedeFinance's technology and services will enable the strategic decision-making necessary for optimizing overall Trust performance.”

The jointly developed solutions, known as MedeFinance Intelligence™, will benefit from HFMA's deep industry experience and expertise, including the work of the Payment by Results and Foundation Trust special interest groups, in order to help healthcare organizations, including NHS Trusts, Primary Care Trusts and Strategic Health Authorities, improve their operational, clinical and financial performance. The partnership blends this expertise with MedeFinance's proven combination of technology, client services, and best practices which has led to the rapid adoption of its technology and service offerings by more than 600 of the world's leading healthcare providers.

MedeFinance Intelligence allows Finance Directors and other senior decision-makers to access their key performance indicators and management information in a customised format via the web 24*7, allowing well informed management decisions to be made with current information. MedeFinance's subscription-based services enable health organizations to create actionable intelligence from data taken from multiple disparate sources, allowing clear visibility into financial and operational data.

MedeFinance Intelligence empowers Trusts to accurately identify high cost opportunities for performance improvement; achieve time, capital expense, and labor savings; dynamically benchmark against other Trusts and national standards; identify best practices; manage and optimize wait lists; and improve margins and cash flow.

“As the NHS makes the transition to Payment by Results, MedeFinance's technology and services provide both Trusts and commissioners with an invaluable and reliable solution for understanding their operations,” stated Jim Quist , Chairman and CEO of MedeFinance, Inc. “The UK healthcare sector is undergoing a rapid transformation, and our services deliver added insight into key performance indicators, enabling senior NHS decision-makers to proactively address financial performance as well as operating efficiency.”

About MedeFinance

MedeFinance is the leading provider of on-demand analytic applications and client services to help healthcare financial managers and executives improve performance. The company is recognised for delivering innovative services that create sustainable value through a revolutionary combination of adaptive analytics, an instantly available IT environment, and unparalleled client services. Founded in 1994, the company serves over 600 hospitals. To find out more about MedeFinance, visit www.medefinance.com

About HFMA UK

The Healthcare Financial Management Association (HFMA) is the professional financial voice of healthcare in the UK . Their aim is to maintain and develop the financial management contribution to healthcare in the UK . Supported by a 14-strong branch network, they promote the highest professional standards in financial management and governance in healthcare. The organisation furthers personal and professional development by providing access to tailored education and training, offering a professional network for members and a greater contribution to national policy .