MedeAnalytics Signs Agreement with Medicare Advantage Health Plan Aveta

EMERYVILLE, Calif., May 14, 2009 —MedeAnalytics, a leading healthcare performance analytics company, announced today an agreement with Aveta, Inc. to provide comprehensive analytics for two of its Puerto Rico-based Medicare Advantage Plans, Medicare y Mucho Más, Inc. (MMM) and PMC Medicare Choice, Inc. (PMC). Both are leaders in this segment and in total serve 182,000 members throughout Puerto Rico. MMM and PMC will implement MedeAnalytics’ on-demand analytics  suite of solutions throughout their health plans, including Medical Management, Network Management and Operations Management Analytics.

MedeAnalytics’ solutions will provide MMM and PMC with the ability to better manage the cost and quality of care to their members. They also expect to realize operational improvements through the use of actionable data and root cause analysis. “At Aveta, Inc. and all our Medicare Advantage companies, we aim to render the finest service possible to our members and providers. We can only achieve this by continuously implementing world-class programs that help us manage procedures comprehensively, considering the important role of providers and administrative personnel in the wellbeing of each member. We are positive this new agreement with MedeAnalytics will support our commitment to the population we serve and reaffirm our leadership in the healthcare industry,” said Aveta, Inc. President and CEO Dr. Richard Shinto.

 “Aveta’s focus on the Medicare Advantage population is critical to its members and society as a whole,” said MedeAnalytics Chairman and CEO Mike Gallagher. “We look forward to our partnership with Aveta and believe it will help improve performance with their providers, operations and outcomes.”

About Aveta
Aveta Inc. is one of the largest companies focusing on Medicare Advantage and a leader in addressing the unique healthcare needs of the chronically ill. Caring for over 230,000 Medicare beneficiaries and 298,000 commercial members, Aveta is one of the top ten largest for-profit Medicare Advantage enterprises in the US, and operates more Chronic SNPs (Special Need Plans) than any other company. The company has a very successful track record of managing care for seniors achieved through its core competency of community medical management. Aveta Inc.’s headquarters are located in Fort Lee, New Jersey and currently has operating subsidiaries in Southern California, Puerto Rico and Illinois.

About MedeAnalytics
Founded in 1994, MedeAnalytics enables healthcare organizations to improve clinical, financial and operational performance through on-demand analytics and client services. For hospitals and health systems, MedeAnalytics provides solutions to address revenue cycle, patient access, clinical operations, staff productivity, regulatory compliance, finance and accounting, and enterprise performance management. For healthcare payers, the company’s solutions address network management, medical management, pharmacy management, employer reporting and operations management. MedeAnalytics delivers business intelligence to over 700 healthcare organizations using a hosted, Software-as-a-Service (SaaS) model, which reduces up-front costs and enables rapid implementation and exceptional time-to-value. For more information, visit www.medeanalytics.com.

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