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HFMA and MedeFinance Form a Partnership

Originally published February 1, 2006

The Healthcare Financial Management Association (HFMA), and MedeFinance, a provider in innovative analytic technology solutions for the healthcare industry, have agreed to partner to provide MedeFinance's business intelligence and analytics suite to NHS organizations.

In response to the growing deficit and necessary compliance to new NHS policies faced by the nation's healthcare organizations, HFMA and MedeFinance will work to market a suite of Web based analytic solutions carefully tailored to the UK healthcare environment and the requirements of HFMA members to help them monitor, manage, and improve critical aspects of financial and operational performance.

The jointly developed solutions, known as MedeFinance Intelligence, will benefit from HFMA's deep industry experience and expertise, including the work of the payment by results and foundation Trust special interest groups, in order to help healthcare organizations, including NHS Trusts, Primary Care Trusts and Strategic Health Authorities, improve their operational, clinical and financial performance. The partnership blends this expertise with MedeFinance's proven combination of technology, client services, and best practices which has led to the rapid adoption of its technology and service offerings by more than 600 healthcare providers.

MedeFinance Intelligence allows finance directors and other senior decision-makers to access their key performance indicators and management information in a customized format via the web 24x7, allowing well informed management decisions to be made with current information. MedeFinance's subscription-based services enable health organizations to create actionable intelligence from data taken from multiple disparate sources, allowing clear visibility into financial and operational data.

"As the NHS makes the transition to Payment by Results, MedeFinance's technology and services provide both Trusts and commissioners with an invaluable and reliable solution for understanding their operations," stated Jim Quist, Chairman and CEO of MedeFinance. "The UK healthcare sector is undergoing a rapid transformation, and our services deliver added insight into key performance indicators, enabling senior NHS decision-makers to proactively address financial performance as well as operating efficiency."

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.