Westcliff Medical Laboratories “Goes-Live” with XIFIN’s Revenue Cycle Management Solution

SAN DIEGO—(BUSINESS WIRE)—Sept. 20, 2005—

XIFIN today announced the addition of Westcliff Medical Laboratories, the largest independent clinical lab in Southern California, as a “live” customer for its accounts receivable (AR) management system.

As a part of a series of major strategic initiatives to improve A/R management, Westcliff saw in XIFIN the opportunity to improve efficiency while capturing better financial information. XIFIN will become a critical component in Westcliff’s strategy to utilize accounts management technology.

More and more, laboratories are recognizing the need to do more with IT. Revenue management system companies like XIFIN have demonstrated that, not only does effective management of billing and accounts receivables improve collections, it provides access to information that enables better overall management of the laboratories’ business.

“Our expectation is that XIFIN will take us to a new level in not only managing our AR, but also in how we will use this information to manage our sales,” noted Richard Nicholson, president and CEO of Westcliff. “I’ve been impressed with their ability to provide a comprehensive AR system that is user friendly and provides the flexibility in information reporting formats to meet our needs.”

“Working with a lab of Westcliff’s stature is enormously gratifying for XIFIN,” said Lâle White, Executive Chairman of XIFIN. “Westcliff provides an excellent opportunity for XIFIN to showcase its capabilities and impact on a high volume laboratory committed to excellent customer service.”

About Westcliff:
Westcliff Medical Laboratories, Inc. has been providing clinical laboratory services in Southern California for over 40 years. It specializes in providing clinical and anatomical laboratory services to physician offices, clinics, subacute treatment centers, public sector entities and home-bound patients.
Visit  www.westclifflabs.com.

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 manage, deliver and maintain the entire infrastructure supporting A/R including connectivity, reference databases, payer requirements, transaction services vendors, hardware and software, as well as compliance/regulatory workflow logic. XIFIN was named as one of the top 50 fastest growing technology companies in San Diego in 2005 by Deloitte & Touche.
Visit  www.xifin.com.