NICL Laboratories Positions Itself For Rapid Growth With XIFIN

SAN DIEGO--(BUSINESS WIRE)--April 16, 2004--

NICL Goes Live With XIFIN

XIFIN announces the initial "go-live" of its Revenue Cycle Management Systems and Services at NICL Laboratories, a leading provider of clinical laboratory services to Northern Illinois.

"Most of our senior management team has been intimately involved with our efforts to continuously enhance our revenues cycle process," noted Joel Welder, financial operations manager of NICL. "Having the right systems and services to effectively manage our financial operations is critical to our growth strategy. XIFIN takes our ability to manage revenue and cash collections to an entirely new level, not only through sophisticated technology but also through their unique set of management services that continuously help us to optimize the entire revenues cycle process. XIFIN will become a part of our plans to become a top regional provider of clinical laboratory services."

"NICL represents a growing recognition among regional laboratories that their existing financial systems are no longer adequate and are limiting their ability to compete in this highly competitive market," said Lale White, CEO of XIFIN. "Better cash collection and access to critical financial management information are essential to a lab's ability to compete."

About NICL Laboratories
NICL Laboratories, located in Northbrook, Ill., specialize in providing comprehensive laboratory services to hospitals, long term care facilities, physician practices, research institutions, industry and workplace throughout Northern Illinois. Its team of 12 top managers has an average of over 12 years company experience and over 15 advanced degrees.

About XIFIN Inc.
Founded in 1997 by senior laboratory executives, XIFIN® delivers a highly automated application with integrated infrastructure services to support laboratory AR and financial management operations. XIFIN improves financial management, while targeting process errors that lead to bad debt, rework and compliance liabilities. Closed-loop, rules-driven workflow automation addresses billing complexity. XIFIN Services manage, deliver and maintain the entire infrastructure supporting AR including: connectivity, reference databases, payer requirements, transaction services vendors, hardware & software, as well as compliance/regulatory workflow logic. For more company information as well as to learn about free, on-line resources for billing operations, visit www.xifin.com.