MedeFinance changes name to MedeAnalytics
MedeFinance, an Emeryville, Calif.-based developer of business analytics solutions and services or healthcare organizations, announced a name change, new contract and two new solutions at the HIMSS09 conference and exhibition Saturday in Chicago.
The 15-year-old company got the ball rolling early with an announcement that it will be now known as MedeAnalytics.
"For several years, our company has been providing much more than financial analytics solutions," said Mike Gallagher, the company's CEO, in a press release. "Our new identity as MedeAnalytics better describes the full range of clinical, operational and financial solutions we provide to our clients, and it aligns with our vision to be the leader in healthcare analytics."
The company also announced the launch of its Enterprise Analytics solution and the availability of its analytics solutions to health plans with as few as 300,000 members – a move to make its products available to smaller health plans, since marketing efforts to this point had focused on plans with at least 1 million members.
"While our powerful analytics platform was designed to accept terabytes of data, and our support organization is capable of servicing the largest health plans in the nation, we recognize that the whole industry is in need of help to make faster, more informed decisions for performance improvement," said Gallagher. "We're scaling to allow that to happen."
Finally, the company announced that its Clinical Resource Analytics solution has been implemented at St. Joseph Medical Center, a Towson, Md.-based affiliate of the Catholic Health Initiatives network. The hospital has also implemented the company's Revenue Cycle and Patient Access Solutions.
"Clinical Resource Analytics has increased our transparency into physician performance and the key drivers of cost and quality," said Richard Boehler, St. Joseph's chief medical officer. "We are now able to have credible conversations with our physicians based on comparative, risk-adjusted data."
