MedeAnalytics, Financial Health Systems Partner to Improve Point-of-Service Collections

EMERYVILLE, Calif.--(BUSINESS WIRE)--MedeAnalytics, a leading provider of healthcare performance management solutions, and Financial Healthcare Systems, LLC (FHS) have signed a partnership agreement in which MedeAnalytics will market the FHSClearQuote^TM solution as part of an integrated suite of Patient Access Services. The joint solution, currently being implemented at several large health systems, will help hospitals improve point-of-service collection strategies by providing accurate out-of-pocket payment estimates. The software bases those estimates on historical claims data, third-party contract terms and insurance benefits information.

“The joint solutions offered by MedeAnalytics and FHS should meaningfully impact a hospital's bottom line.”

“Understanding patient payment obligations prior to service is essential to streamlining the revenue cycle,” said Mike Gallagher, chief executive officer of MedeAnalytics. “We are very pleased to partner with FHS to enhance our suite of Patient Access Services. FHS is a best-of-breed solution with deep expertise and technology to support credible patient estimates.”

“FHS has dedicated four years to creating and testing our innovative ClearQuote product,” said Tim Estes, founder and chief executive officer of FHS. “Partnering with a recognized market leader in revenue cycle solutions like MedeAnalytics is a sure way to impact the patient experience across hundreds of hospitals.”

“Both companies are focused on improving the efficiency of patient access by using data more intelligently,” said B.C. Ziegler and Company's Managing Director Neil Borg, who played a key role in defining the partnership. “The joint solutions offered by MedeAnalytics and FHS should meaningfully impact a hospital's bottom line.”

About Financial Healthcare Systems, LLC

Denver-based Financial Healthcare Systems, LLC provides an Internet-based solution to the healthcare industry's challenge of transparency and consumerism. The company's FHSClearQuote solution generates a credible procedural price estimate providing patients with their specific out-of-pocket responsibility, which allows them to plan for potential medical expenses. With FHS’s solution, providers initiate the financial communication with patients at or before the time of service. That action transforms the provider relationship with the patient from financial adversary to financial advocate. FHS has gained national recognition for their work on Capitol Hill in advocating for transparency and consumerism. For more information, visit www.fhscorp.net.

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.