October 21, 2008

Saint Vincent Catholic Medical Centers Selects Mede for Enterprise Performance Analytics

MedeFinance, Inc. (Mede), the leading healthcare performance analytics company, announced it has entered into an agreement with New York based Saint Vincent Catholic Medical Centers to provide enterprise-wide performance analytics. Known as a leading healthcare provider serving the greater New York Metropolitan area, Saint Vincent's will implement throughout their health system the on-demand MedeEmpower analytics platform's full suite of solutions including: Enterprise Scorecard, Compliance, Clinical Resource, Registration Quality, Revenue Cycle and Self Pay.

Mede's Enterprise solution will allow Saint Vincent's system executives to view financial, clinical and operational performance across the enterprise on a daily basis. The MedeEmpower platform will create transparency and accountability at all levels with the ability to conduct root cause analyses and improve performance.

"Mede is the one solution that enables us to balance the constant challenges of providing quality patient care while managing our bottom-line," said Domenic Segalla, Chief Financial Officer, Saint Vincent Catholic Medical Centers.

"We are proud to have Saint Vincent Catholic Medical Centers join the Mede Community," said Mede CEO Mike Gallagher. "They will quickly recognize the benefits of an enterprise strategy that aligns performance objectives. We are dedicated to the rapid deployment of the Mede Platform and the success of Saint Vincent's, an esteemed provider of quality care."

Saint Vincent Catholic Medical Centers (Saint Vincent's) is anchored by St. Vincent's Hospital Manhattan, an academic medical center located in Greenwich Village and the only emergency room on the Westside of Manhattan from Midtown to Tribeca, St. Vincent's Westchester, a behavioral health hospital in Westchester County, and continuing care services that include two skilled nursing facilities in Brooklyn, another on Staten Island, a hospice, and a home health agency serving the Metropolitan New York area. Its behavioral health services also provide supportive housing programs for people with mental illness throughout the Metropolitan area. Saint Vincent's is the designated provider for the New York and New Jersey region of the U.S. Family Health Plan sponsored by the U.S. Department of Defense. Saint Vincent's serves as the academic medical center of New York Medical College in New York City. The healthcare organization is sponsored by the Roman Catholic Bishop of Brooklyn and the president of the Sisters of Charity of New York.

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.