OAKLAND, Calif. December 3, 2007 - Emeryville-based MedeFinance (Mede), announces the addition of David Watson to the senior ranks of its management team as its new CTO/CIO.

"MedeFinance's strategic healthcare business intelligence platform is unique in its ability to provide insight and transparency into data to improve financial performance, optimize operational efficiency, and help drive continuous improvement in clinical quality," stated David Watson, former CTO of Kaiser Permanente. "I am delighted to join such an innovative company -- one that is revolutionizing healthcare business intelligence -- and look forward to contributing to MedeFinance’s continued success."

Watson is a senior IT executive with a 25-year record of tangible achievement delivering customer-facing solutions which have aided revenue growth and improved client service and retention. His broad experience includes application development, infrastructure engineering, business consulting, strategy, architecture and operations, as well as making significant advancements in clinical and business analytics. Watson’s previous employer, Kaiser Permanente, is a $35 billion health insurance company, the largest private health care provider in the United States with 140,000 employees and covering nearly 9 million members.

"We are excited to have David join us and see his addition as an affirmation of our achievements in driving improved financial and operational performance in healthcare through advanced strategic business intelligence," stated Michael Gallagher, chief executive officer of MedeFinance. "We are proud of our continued success in developing solutions that meet the evolving needs of healthcare executives by eliminating workflow barriers and increasing data transparency."

MedeFinance is the leading provider of managed, hosted on-demand business analytics and client services to assist healthcare organizations improve financial and operational performance. The company is recognized for delivering innovative services that create sustainable value through advanced adaptive analytics and unparalleled client services. The company serves over 700 healthcare organizations in the U.S. and U.K., including Kaiser Permanente, Blue Shield of California, Tenet Healthcare Corp., Partners HealthCare, and The Cleveland Clinic. To find out more about Mede, visit www.medefinance.com or call 510-647-1300.