|
OAKLAND, Calif. September 11, 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 at UT Southwestern Medical Center. MedeFinance's Revenue Cycle™ Analytics technology will help the organization develop operational standards and track key data and metrics to monitor, manage, and improve revenue cycle and financial performance.
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.
The medical center noted MedeFinance's customizable software design and outstanding services support as key factors in its purchase decision. “ MedeFinance enables us to efficiently track and manage any data that we put into the system, and can be customized to fit our unique reporting needs," stated Don Jensen, director of patient financial services for UT Southwestern. "We are impressed by MedeFinance's broad expertise and their support team's ability to continually provide us with best practices, expanded financial analysis functionality, and related services."
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.
"Our service-focused business model fully supports the fact that our unique healthcare expertise in data and information delivery is key to helping clients quickly realize their cash acceleration and performance improvement objectives," stated Jim Quist, MedeFinance Chairman and CEO. "The MedeFinance team looks forward to working closely with UT Southwestern to meet their information needs."
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 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 . |
