OAKLAND, Calif. June 25, 2007 - Emeryville-based MedeFinance (Mede) has contracted to provide performance-enhancing business analytics at Ochsner Health System in New Orleans, LA, which will be implemented at Ochsner Clinic Foundation, Ochsner Baptist Medical Center, Ochsner Medical Center – Kenner, Ochsner Medical Center – Westbank, and Ochsner St. Anne Hospital.    

“Mede’s software as a service analytics platform provides our health system the ability to better manage our revenue cycle with readily available, enterprise-wide financial data,” stated Gary J. Borgstede, system vice president of finance.   “The revenue cycle and self-pay analytics applications will provide us with the detailed information we need to be better stewards of Ochsner’s financial resources and better manage our financial assistance programs available to our patients.”

Mede’s analytics suite, including Revenue Cycle Analytics and Self-Pay Analytics, will provide a comprehensive view of business performance with personalized and actionable dashboards to help Ochsner Health System hospitals monitor, manage, and improve critical aspects of their revenue cycle while maximizing collections and reducing bad debt.  

 “We are pleased to add Ochsner Health System to Mede’s growing customer base in the southeast market,” stated Michael Gallagher, chief executive officer of Mede.  “Our on-demand enterprise platform and analytics will streamline and speed Ochsner Health System’s ability to evaluate and improve financial performance.”

About MedeFinance

Mede is the leading provider of managed, hosted on-demand business analytics and client services to assist healthcare providers and health plans improve financial and operational performance.  The company is recognized for delivering innovative services that create sustainable value through advanced adaptive analytics, an instantly available IT environment and unparalleled client services.  The company serves over 700 healthcare providers in the U.S. and U.K., including Kaiser Permanente, Tenet Healthcare Corp., Partners HealthCare, and The Cleveland Clinic. To find out more about Mede, visit www.medefinance.com.

Ochsner Health System (www.ochsner.org) is a non-profit, academic, multi-specialty, healthcare delivery system dedicated to patient care, research and education.  The system includes seven hospitals, a sub-acute facility, and 33 health centers located throughout Southeast Louisiana.  Through our unique coordinated system, Ochsner provides healthcare with peace of mind because we put the needs of all patients first.  Ochsner employs over 600 physicians in 80 medical specialties and subspecialties and conducts over 700 ongoing clinical research trials annually.  Ochsner was ranked #1“Best Place to Work” by New Orleans CityBusiness Magazine in 2005 and 2006 and received the Consumer Choice for Healthcare in New Orleans for 12 consecutive years.