January 7, 2008

The Healthcare Financial Management Association (HFMA), representing healthcare finance professionals across the UK, and MedeFinance (Mede), the leader in innovative analytic technology solutions for the healthcare industry, have renewed their partnership, enabling them to continue providing Mede’s business intelligence and analytics suite to NHS organisations.

In response to the growing need to increase efficiencies and meet the necessary compliance requirements for NHS policies. HFMA and Mede will partner to market a suite of web-based analytic solutions tailored to the UK healthcare environment and requirements of HFMA members to help monitor, manage, and improve their financial and operational performance.

"Mede offers a product with proven value and we’re delighted that HFMA Ltd will be their partner in bringing significant benefits to NHS organisations,” said Mark Knight, Chief Executive Officer of HFMA. “Mede’s technology and services will enable the strategic decision-making necessary for optimising overall Trust performance."

"One of the key drivers to efficiency in today’s healthcare environment is the management of information; this can promote efficiency both from a financial and clinical perspective,” stated Chris Calkin, Chairman of HFMA, and Director of Finance and Performance at the North Staffordshire University Hospitals NHS Trust. “Tools such as those provided by Mede could add significant benefit to an organisation’s ability to performance manage their services. We are delighted to have Mede on board as a partner."

"This partnership blends HFMA’s deep industry expertise with Mede’s proven analytics platform, client services, and best practices currently utilized by more than 700 of the world’s leading healthcare providers,” stated Mede’s Executive Chairman Jim Quist.” We are pleased with the continued strength of this partnership and what it means to healthcare in the U.K."

About Mede

MedeFinance Inc is the leading provider of on-demand analytic solutions and client services to help healthcare financial managers and executives improve performance. The company is recognised for delivering innovative services that create sustainable value through a unique combination of adaptive analytics, an instantly available IT environment, and unparalleled client services. Founded in 1994, the company serves over 700 healthcare organisations in the U.K. and U.S. Mede International, Limited, located in London, is a wholly owned subsidiary of Emeryville, CA-based MedeFinance Inc. To find out more about MedeFinance, visit www.medefinance.com or call 510-647-1300.

About HFMA UK

The Healthcare Financial Management Association (HFMA) is the professional financial voice of healthcare in the UK. Their aim is to maintain and develop the financial management contribution to healthcare in the UK. Supported by a 13-strong branch network, they promote the highest professional standards in financial management and governance in healthcare. The organisation furthers personal and professional development by providing access to tailored education and training, offering a professional network for members and a greater contribution to national policy.