MedeAnalytics RAC Solution Gaining Market Momentum

EMERYVILLE, Calif., July 23, 2009 — MedeAnalytics, a leading provider of healthcare performance management solutions, announced today the recent adoption of its Quality and Compliance Analytics solutions by Baptist Health System (a four-hospital system headquartered in Birmingham, Ala.), and Wise Regional Health System (Decatur, Texas), both of which are existing clients. As mentioned in a separate release, new MedeAnalytics client University of Washington Medicine is also implementing Quality and Compliance Analytics. All of these organizations are using the solutions to prepare for upcoming CMS RAC audits.

With these recent additions, more than 60 healthcare providers have selected MedeAnalytics’ quality and compliance solution which focuses on RAC audits. The solution allows providers to proactively avert potential risks by auditing and evaluating 100 percent of claims, using a rules engine with more than 120 rules which incorporate industry best practices as well as OIG and CMS benchmarks and guidance.

“Data mining and analytics are essential to a successful RAC audit program,” said MedeAnalytics Chief Executive Officer Mike Gallagher. “Tracking and appeal workflow systems alone won’t keep a hospital out of trouble. Daily insight into the root causes of compliance risk is needed to stay ahead of every new CMS initiative.”

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, www.medeanalytics.com.

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