2008-09-08 18:19:03 -

- MedeFinance, Inc. (Mede), the leading healthcare performance analytics company, announced it has entered into an agreement with St. Vincent Health System, a leading provider of quality healthcare services in the greater Little Rock area and part of Catholic Health Initiatives. Mede will initially provide Revenue Cycle and Registration Quality Analytics and services to enhance the organization's ability to rapidly

analyze key data and improve financial and operational performance.

"I am extremely impressed and pleased with Mede's smooth implementation and the fact we are live and operational within 45 days of signing the contract agreement," said St. Vincent Health System Chief Financial Officer Terry Conrad.

"The Mede solution allowed our team to quickly implement work lists which have resulted in improved cash collections," said St. Vincent Health System Administrative Director of Revenue Cycle Julie Carpenter. "We are confident that with Mede's analytics we will continue to see improvements in our revenue cycle and registration areas."

"We are very pleased to add St. Vincent Health System to our growing client list," said Mede CEO Mike Gallagher. "They are proactive in their approach to continual improvement making them an exciting partner for Mede."

St. Vincent Health System is a multi-hospital health care organization, serving residents of Arkansas. Founded in 1888, St. Vincent is part of Catholic Health Initiatives, one of the nation's leading Catholic health systems. St. Vincent is an integrated, health care delivery network comprised of St. Vincent Infirmary Medical Center and St. Vincent Doctors Hospital, in Little Rock, St. Vincent Medical Center/Sherwood, serving North Pulaski County and surrounding areas, and St. Anthony's Healthcare Center, in Morrilton. St. Vincent also supports a network of primary care clinics and providers in central Arkansas. More information can be accessed at www.stvincenthealth.com.

Mede enables healthcare organizations to achieve advanced clinical, operational and financial outcomes through on-demand, performance intelligence solutions delivered as a service by experienced healthcare professionals. Over 700 healthcare organizations in the U.S. and U.K. have experienced quick ROI and sustainable value from Mede solutions with low total cost of ownership. The company has been recently recognized by Inc. Magazine as one of the 500 most rapidly growing privately-held companies in the United States. To find out more about Mede, visit www.medefinance.com.

MedeFinance, Inc.
Marcia Shields, 469-916-3300 ext. 108
Director of Communications
mshields@medefinance.com