|
OAKLAND, Calif. February 27, 2006 – Emeryville-based MedeFinance, the leading provider of on-demand analytics and client services for healthcare financial managers and executives, has implemented Revenue Cycle Analytics at Baptist Health System, headquartered in Birmingham , Alabama .
One of the largest healthcare systems in the state of Alabama , Baptist Health System includes four hospitals and nine senior housing facilities across the central and northern portion of the state.
MedeFinance's revenue cycle analytics technology will significantly enhance the healthcare system's ability to integrate and track key performance metrics across the enterprise to improve critical aspects of revenue cycle and financial performance.
“Using MedeFinance's business intelligence technology is a key initiative within the health system to improve access and visibility into enterprise-wide data,” stated Doug Davenport, Senior Vice President and Chief Financial Officer at Baptist Health System. “We have been able to aggregate and analyze receivables across all of our facilities to get a complete picture of performance. MedeFinance has been a highly responsive IT partner, and their technology and expertise has been invaluable to realizing this goal.”
Financial managers and executives across Baptist Health System's hospitals use the technology to compare actual performance measures against established targets in a variety of areas, drill into detailed transactions, identify root causes, and take appropriate action to enhance performance.
MedeFinance Revenue Cycle Analytics is one of a suite of analytic applications developed by MedeFinance to help healthcare organizations measure and monitor key financial and operational performance metrics. Hundreds of leading healthcare organizations use MedeFinance's adaptive analytics and client services to realize significant operational improvements and annualized cost savings.
“MedeFinance is excited that our revenue cycle analytics solution is an integral part of Baptist Health System's performance improvement initiative,” stated Jim Quist, MedeFinance Chairman and CEO. “We are pleased to help bring new cost and efficiency gains across their enterprise.”
About Baptist Health System
Baptist Health System, Inc. is one of the largest healthcare systems in Alabama and one of the state's largest employers. The System is a not-for-profit, 501(c) corporation that owns and manages hospitals and health-related facilities in the state of Alabama . Baptist Health System, founded in 1922 by a group of local Baptist congregations, is a ministry of the churches of the Birmingham Baptist Association whose representatives elect the Board of Trustees.
About MedeFinance
MedeFinance is a leading provider of on-demand analytic applications and client services to help healthcare financial managers and executives improve performance. The company is recognized for delivering innovative services that create sustainable value through a revolutionary combination of adaptive analytics, an instantly available IT environment, and unparalleled client services. The company serves over 600 U.S hospitals, including Kaiser Permanente, Tenet Healthcare Corp., Partners HealthCare, and The Cleveland Clinic. Founded in 1994, MedeFinance is a rapidly growing, privately held company headquartered in Emeryville , Calif. To find out more about MedeFinance, visit www.medefinance.com . |