OAKLAND, Calif. June 26, 2006 – Emeryville-based MedeFinance, the leading provider of on-demand analytics and client services for healthcare financial managers and executives, has contracted to implement its Performance OnDemand service for six hospitals managed or owned by The Schuster Group, of Oklahoma City , Oklahoma . MedeFinance's Revenue Cycle™ Analytics technology will help the hospitals develop operational standards and track key data and metrics to monitor, manage, and improve revenue cycle and financial performance.

The Schuster Group provides health care services through the development, ownership, management, and partnership with forward-thinking physicians and investors. Over the past 21 years, The Schuster Group has been in virtually every field of health care including clinics, hospitals, psychiatrics, orthopedics, oncology, senior care, and neurosurgery. Member hospitals contracted to implement MedeFinance's analytics technology include: The Physician's Hospital, Anadarko, OK, Moore Medical Center , Moore, OK, Prague Municipal Hospital, Prague, OK, Seminole Medical Center , Seminole, OK, Stroud Regional Medical Center, Stroud, OK, and Johnston Memorial Hospital, Tishomingo, OK.

“MedeFinance's on-demand and instantly available technology platform is a transformational solution for TSG that will greatly accelerate our ability to provide timely decision making capabilities for our member hospitals” stated Jay McKinsey, Chief Financial Officer for The Schuster Group. “Using MedeFinance, our hospitals will have a solid and reliable foundation for anticipating financial challenges and better managing risk."

MedeFinance provides healthcare executives with up-to-date information through a suite of web-based, on-demand analytic applications that bring clarity and control to financial operations. Managers can easily compare actual performance measures against established targets, drill into detailed transactions, identify root causes, and take timely and appropriate action to enhance performance. Over 600 U.S. hospitals currently use MedeFinance's adaptive analytics and client services to accelerate collections, reduce total A/R and bad debt, improve credit balance obligations, and enhance revenue cycle processes. Most clients realize rapid and sustainable improvements to enterprise-wide performance within the first six months of implementation.

"In today's highly regulated and overly-complicated reimbursement environment, I am pleased that MedeFinance can provide services to help ensure responsibility and accountability across TSG's member hospitals," stated Jim Quist, MedeFinance Chairman and CEO. “Our software-as-service model will bring market and data insight into the complexities of these two moving forces to ensure an efficient and transparent process.”

About The Schuster Group

The Schuster Group is a private health care company located in Oklahoma whose role is to work with local physicians to identify, organize, develop, and operate medical programs, services, and facilities that meet the healthcare needs of residents in target-market areas.

About MedeFinance