MEDex Laboratories Chooses XIFIN as a key part of their growth strategy

August 20, 2002

MEDex replaces its traditional billing software with XIFIN's infrastructure outsourcing system and services

San Diego, CA. XIFIN™ continues the rollout of its Account Receivable management system and services by including MEDex Regional Laboratories of Kingsport, TN, as a customer/partner. XIFIN will be installing its complete accounts receivable and financial management solution. Neither traditional software nor billing service, XIFIN delivers a hybrid outsourcing solution that takes responsibility for managing all aspects of the information infrastructure supporting the entire billing process: from order entry to error/denial processing and submission through payment or final resolution. The offering consists of a rules-driven expert system with a full complement of embedded transaction services managed, maintained and delivered by XIFIN as an ASP.

"Nobody is thinking, let alone doing what XIFIN does in billing management", commented, Mike Ladd, CEO of MEDex. "Innovative information management systems and services will continue to be an important part of our growth plans. XIFIN represents the new possibilities where expert services are seamlessly integrated into sophisticated information systems providing a much more complete solution."

"We're really excited about working with MEDex", said Lâle White. "They're taking a promising new approach to laboratory management. We've been very impressed with their far-reaching information strategy and their redefinition and focus on their core business. We look forward to helping them achieve their vision."

About MEDex: MEDex Regional Laboratories was established in 1972 in Kingsport, Tennessee to provide superior laboratory testing services to the medical community. Since that time, the company has grown to influence laboratory services throughout a large region of the southeastern United States, including Tennessee, Virginia, the Carolinas, Georgia, Alabama, Kentucky, and West Virginia.

About XIFIN, Inc. based in San Diego, Calif., is focused on maximizing the return while minimizing the burden of managing clinical laboratory financial assets and resources through continuous innovation in services and technology. Their initial offering is a fully compliant, Web-based accounts receivable and financial management system and transaction services for clinical laboratories. The system is designed to address the three most significant challenges facing billing operations: errors, compliance, and costly systems and processes.