OAKLAND, Calif. September 12, 2007 - Emeryville-based MedeFinance (Mede), has contracted to provide performance-enhancing business analytics at Wise Regional Health System, Decatur, TX.   MedeFinance’s Revenue Cycle™ Analytics enhances the organization’s ability to integrate and track key performance data and metrics to improve revenue cycle and financial performance.  

Proven success in deploying Mede at a previous healthcare institution was a key driver in bringing the capability on board at Wise Regional.  “As a prior user, I am a big fan of Mede’s business analytics, and am excited to have integrated information at our fingertips that provides an accurate picture of receivables performance,” said Lynn Giddens, Revenue Cycle Director at Wise Regional Health System.  “Having our financial information displayed in dashboard format with unique benchmarks helps us quickly see what is going on within the revenue cycle, and will drive timely decision making in our organization to reduce days in A/R.”

Revenue Cycle Analytics is one of a suite of business intelligence solutions developed by Mede to make financial and operational data actionable to create a data-driven culture based on transparency, measurement, and accountability.  

 “We are pleased that our revenue cycle analytics application will play an integral role in Wise Regional Health System’s receivables improvement initiative,” stated Michael Gallagher, chief executive officer of Mede.  “This analytics application is being successfully used by hundreds of hospitals to identify new cost and efficiency gains, and we are pleased that it is becoming an essential and requested capability to help improve financial performance.”

Wise Regional Health System provides a wide range of inpatient and outpatient services to a service area which includes Wise, Jack and Montague counties. Wise Regional operates 148 acute care beds in two facilities in Decatur, Texas and is affiliated with Baylor Health Care System. Wise Regional operates an advanced cardiac catheterization laboratory, a full service dialysis center and one of the best equipped emergency departments in a hospital its size in Texas. The new main hospital is licensed for 99 beds and opened in August 2006 with the most advanced acute care equipment available. Wise Regional also operates inpatient rehabilitation and psychiatric facilities in its newly renovated west campus.

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 Blue Shield of California. To find out more about Mede, visit www.medefinance.com.