Adventist Health Expands MedeFinance Performance Management Solution to Southern California Hospitals.Improved Decision Making and Financial Performance Key Factors OAKLAND, Calif. -- Emeryville-based MedeFinance, the leading provider of on-demand analytics and client services for healthcare financial managers and executives, has expanded their existing contract with the Adventist Health network for implementation of MedeFinance Revenue Cycle[TM] Analytics and MedeFinance Self-Pay[TM] Analytics to all Region 1 hospitals in southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Previously implemented at Glendale Adventist Medical Center Glendale Adventist Medical Center is located in the Los Angeles suburb of Glendale, California. It was founded in 1905. Glendale Adventist Medical Center is a sister institution of Loma Linda University Medical Center and is a part of the Seventh-day Adventist hospital system. , Glendale, CA, and White Memorial Hospital, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA, the contract has been expanded to include Paradise Valley Hospital Paradise Valley Hospital (PVH) is an 301 bed acute care facility in National City, California, USA. PVH is owned and operated by Prime Healthcare Services, Inc. (PHS), a hospital management company located in Victorville. PHS was founded in 2001 by Prem Reddy, M.D., F.A.C.C. , National City, CA, San Joaquin San Joaquin (săn wäkēn`), river, c.320 mi (510 km) long, rising in the Sierra Nevada, E Calif., and flowing W then N through the S Central Valley to form a large delta with the Sacramento River near Suisun Bay, an arm of San Francisco Bay. Community Hospital, Bakersfield, CA, Simi Valley Hospital Simi Valley Hospital (SVH) is a Seventh-day Adventist hospital located located in Simi Valley, California. SVH is a member of Adventist Health. New Construction Simi Valley Hospital is in the process of building a new wing to the hospital. , Simi Valley Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. , CA, and South Coast Medical Center, Laguna Beach Laguna Beach (ləg  `nə), city (1990 pop. 23,170), Orange co., S Calif., on the Pacific coast; founded 1887, inc. 1927. , CA. MedeFinance's analytics suite provides Adventist Health executives and financial managers with up-to-date information to monitor, manage and improve financial performance and bring clarity and control to financial operations. Managers can easily compare actual performance measures against established targets, drill into detailed transactions, identify root causes, and take timely and appropriate action to enhance performance. "Our partnership with MedeFinance over the past two years has translated into significant improvements and cost savings through a reduction in A/R days, cash acceleration, increase in process efficiencies, and improvements in charity care processing," stated Teresa Day, regional chief financial officer for Adventist Health. "MedeFinance has created transparency across departments resulting in greater visibility and accountability, and has helped to solidify a collaborative approach to managing the revenue cycle." MedeFinance creates a single platform of information and customized reports, dashboards, scorecards and analytics for use by individuals, teams, management and cross departments that results in a collaborative effort in managing financial performance. The company is recognized for its superior services component and ability to extend best practices in the industry to its customer base. "Adventist Health's confidence in MedeFinance and satisfaction with our performance management solutions reflect our successful business model of adaptive analytics, healthcare expertise, and superior service in helping customer's meet their business objectives," stated Jim Quist, MedeFinance Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "MedeFinance's long-term success is based upon customer partnerships like the one with Adventist Health, and we appreciate their commitment." About Adventist Health Adventist Health, headquartered in Roseville, California, operates health care facilities throughout California, Hawaii, Oregon and Washington. The system includes 20 hospitals with more than 3,100 beds, 19,000 employees, numerous clinics and outpatient facilities, 16 home care agencies and three joint-venture retirement centers. About MedeFinance MedeFinance is the leading provider of on-demand analytic applications and client services to help healthcare financial managers and executives improve performance. The company is recognized for delivering innovative services that create sustainable value through a revolutionary combination of adaptive analytics, an instantly available IT environment, and unparalleled client services. The company serves over 600 U.S. hospitals, including Kaiser Permanente, Tenet Healthcare Corp., Partners HealthCare, and The Cleveland Clinic. Founded in 1994, MedeFinance is a rapidly growing, privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Emeryville, Calif. To find out more about MedeFinance, visit www.medefinance.com. |
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