Memorial Healthcare System in Florida Selects ExactCost’s Activity-Based Healthcare Performance Software for Its Cardiovascular Service Line Across the Enterprise

Award-winning Healthcare System Signs Multi-year License Agreement for the ExactCost Cardiovascular Service Line to Drive Better Performance through Activity-based Cost Analysis

HOLLYWOOD, Fla.--(BUSINESS WIRE)--ExactCost, Inc., a technology company that provides activity-based costing and performance management software solutions for the healthcare industry, today announced that Memorial Healthcare System, headquartered in Hollywood, Florida, has signed a multi-year license agreement to implement the ExactCost^® Cardiovascular Service Line.

“ExactCost’s activity-based, healthcare performance software serves as both a clinical and financial tool that will enable us to quantify ongoing efforts and help manage our costs”

“ExactCost’s activity-based, healthcare performance software serves as both a clinical and financial tool that will enable us to quantify ongoing efforts and help manage our costs,” states Matt Muhart, Chief Financial Officer, Memorial Healthcare System. “Through the use of the ExactCost software tools, we will gain insight into our Cardiology workflow processes by each activity – from diagnosis, to treatment, to rehabilitation.”

ExactCost develops performance management solutions based on activity-based cost analysis and activity-based management for the healthcare industry. One of the implications of the new healthcare reform law is that now more than ever healthcare organizations must know their exact costs in terms of their activities and clinical procedures.

The adoption of ExactCost’s Cardiovascular Service Line at Memorial Healthcare System will provide the basis for enabling this hospital network to migrate from traditional financial methods to activity-based methods – a core competency of ExactCost’s solutions. Memorial Healthcare System will utilize the ExactCost Cardiovascular Service Line for process improvement, to decrease costs and to further enable quality of care by enhancing internal efficiencies.

“We are very pleased that Memorial Healthcare System has chosen ExactCost Software Solutions,” comments Ilan Mintz, President & CEO, ExactCost, Inc. “With ExactCost’s solutions, healthcare organizations use activity-based costing to achieve increased visibility needed to realize internal efficiencies and to improve performance in a sustainable way – a fundamental priority of any healthcare provider.”

About Memorial Healthcare System

Memorial Healthcare System is the fifth-largest public healthcare system in the country. It is a national leader in quality care and patient satisfaction and is ranked sixth in the nation on Modern Healthcare magazine’s list of Best Places to Work in Healthcare. Its facilities include Memorial Regional Hospital, Memorial Regional Hospital South, Joe DiMaggio Children’s Hospital, Memorial Hospital West, Memorial Hospital Miramar, Memorial Hospital Pembroke and Memorial Manor nursing home. For more information, visit www.mhs.net.

About ExactCost

ExactCost is a technology company dedicated to improving healthcare performance and quality. ExactCost delivers powerful, easy-to-use, and affordable Cost Analysis and Performance Management software solutions that help healthcare providers determine accurate costs and identify opportunities to improve financial, operational and clinical performance. For more information visit: www.exactcost.com/.

ExactCost and the ExactCost logo are trademarks or registered trademarks of ExactCost, Inc. Other ExactCost product or service names or logos referenced herein are trademarks of ExactCost, Inc. All other products, services and company names mentioned herein may be trademarks of their respective owners.