Per-Sé Enters Clinical Lab Market with Business Outsourcing Solution
ALPHARETTA, Ga.—(BUSINESS WIRE)—March 14, 2005—
Company Teams with Market-leading XIFIN to Meet Business Needs of Clinical Labs
Per-Sé Technologies (Nasdaq: PSTI), the leader in Connective Healthcare that helps physicians and hospitals
realize their financial goals, today announced that it will provide an outsourcing solution to improve
reimbursement and business intelligence for clinical laboratories, a new target market for the Company.
Per-Sé has teamed with another market-leader, XIFIN® Inc., to use the company’s revenue cycle management
application specific to clinical labs to complete the new service offering.
“Per-Sé and XIFIN have created a unique revenue cycle solution for small and mid-sized lab companies,” said
Pat Leonard, president of specialty operations for Per-Sé’s Physician Services division. “XIFIN’s financial
information for labs and Per-Sé’s provider reimbursement and compliance expertise are powerful and essential
elements that labs need to be more profitable. It’s a win for clinical labs.”
The size of the national clinical lab industry is estimated at $40 billion and has increased more than 30
percent since 1997. Per-Sé’s extensive revenue cycle management expertise in the pathology market is a strong
foundation for the Company to expand into the clinical laboratory market.
XIFIN develops Web-based applications that improve cash collections and deliver comprehensive financial
information that helps clinical labs operate more efficiently and profitably. Per-Sé’s two decades of reimbursement
experience, combined with XIFIN’s clinical lab application technology, will help enable labs to achieve their income
potential.
Executive Chairman and founder of XIFIN, Lâle White, said that laboratories can now realize an immediate and
dramatic impact on cash collections with the new revenue cycle management solution. “Per-Sé and XIFIN now offer
laboratories the most comprehensive outsourcing solution to help reduce the process errors that have plagued the
laboratory industry—errors that have resulted in bad debt, rework and compliance liabilities,” White said.
Per-Sé will be an exhibitor at the G2 Reports’ Building Outreach Profitability Conference. The conference, for
pathology laboratories, will be held on March 31 through April 1, 2005, at the Renaissance Concourse Hotel in Atlanta.
About Connective Healthcare Solutions for Physicians
The leading provider of business management outsourcing services, Per-Sé’s Physician Services division helps physicians
achieve their income potential with Connective Healthcare solutions. Per-Sé’s unique team of operations managers,
regulatory specialists and certified coders with specialty-specific reimbursement expertise guides physicians through the
business complexities of healthcare to help increase revenue and decrease costs. Connective Healthcare intelligence for
physicians uses a combination of innovative technology, best practices and business intelligence that streamlines revenue
cycle management processes to speed reimbursement for a variety of clinical specialties.
About XIFIN®
Founded in 1997 by senior laboratory executives, XIFIN delivers a highly automated, Web-based application with
integrated infrastructure services to support laboratory accounts receivable and financial management operations.
XIFIN targets process errors that lead to bad debt, rework and compliance liabilities, through its closed-loop,
rules-driven workflow automation. XIFIN services, manages, delivers and maintains the entire infrastructure supporting
accounts receivable including connectivity, reference databases, payer requirements, transaction services vendors,
hardware and software, as well as compliance/regulatory workflow logic.
Visit www.xifin.com for more information.
About Per-Sé Technologies
Per-Sé Technologies (Nasdaq: PSTI) is the leader in Connective Healthcare. Connective Healthcare solutions from
Per-Sé help enable physicians and hospitals to achieve their income potential by creating an environment that streamlines
and simplifies the complex administrative burden of providing healthcare. Per-Sé’s Connective Healthcare solutions help
reduce administrative expenses, increase revenue and accelerate the movement of funds to benefit providers, payers and
patients. More information is available at www.per-sé.com.
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