OAKLAND, Calif. August 27, 2007 - Emeryville-based MedeFinance (Mede), has contracted to provide performance-enhancing business analytics at St. Joseph Medical Center, an affiliate of the Catholic Health Initiatives (CHI) network, located in Towson, MD.  Mede’s Registration Quality™ Analytics, Revenue Cycle™ Analytics, and Profit Margin™ Analytics will be used by the medical center and the central billing office to ensure data accuracy, better manage the revenue cycle, and gain an understanding of service-line profitability to improve financial and operational performance.    

“Mede’s suite of analytic solutions is unique in its ability to provide insight and transparency into our data to improve financial performance, optimize operational efficiency, and help drive continuous improvement in clinical quality,” stated Michelle Mahan, chief financial officer at St. Joseph Medical Center.  “We look forward to using Mede’s solutions and expertise to help achieve these initiatives.”

St. Joseph Medical Center is an early adopter of Mede’s Profit Margin Analytics, which leverages cost, revenue, contract, clinical, and marketing data for margin analysis, service line planning, and improved hospital-physician relationships.  The solution will help St. Joseph better understand service-line profitability at the patient level and engage physicians in dialogue in order to monitor and track average length of stay and optimize supply costs.  

“The Mede solution will empower clinicians with the data they need to make improvements from a quality and cost perspective,” said Richard Boehler, chief medical officer at St. Joseph Medical Center.  “We recognize the strong business case for ensuring quality, and this represents a partnership between the medical and finance staff.”

 “We are excited to work with St. Joseph Medical Center and leverage Mede’s business analytics suite to help the organization improve financial and operational performance,” stated Michael Gallagher, chief executive officer of Mede.  “We are proud of our continued success in developing solutions that meet the evolving needs of healthcare executives by eliminating data transparency and workflow barriers.”  

St. Joseph Medical Center (www.sjmcmd.org) is an acute care, regional medical center located in Towson, Maryland with 374 acute beds.   It is a member of Catholic Health Initiatives, a national nonprofit health corporation based in Denver, Colorado that includes 72 hospitals; 42 long-term care, assisted and independent living and residential facilities; and two community-based health organizations located in 19 states.   It is one of the largest employers in the Baltimore area, employing more than 2,700 nurses and allied healthcare professionals.  

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, an instantly available IT environment and unparalleled client services.  The company serves over 700 healthcare organizations 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.