XiFin White Paper Evaluates Technology-driven Back-Office Improvements That Can Double Laboratory Profitability

Revenue Cycle Management Automation: A Strategic Initiative with Fast Payback

San Diego, Calif. – May 1, 2012 – XiFin, Inc., the company revolutionizing revenue cycle management for diagnostic service providers, today announced the release of a new white paper in its CEO’­s Guide series exploring how laboratories can leverage technology to reduce costs and increase collections to more than double profitability. The complimentary whitepaper, “A CEO’s Guide to Doubling Profitability: Using Technology to Reduce Back-Office Costs,” hosted by Robert Michel, Editor-In-Chief of The Dark Report and President of The Dark Intelligence Group, Inc., can be downloaded at https://www.darkdaily.com/white-papers/a-ceos-guide-to-doubling-profitability-using-technology-to-reduce-back-office-costs-42312#axzz1sskGMCoZ

Co-authored by XiFin executives Lâle White, executive chairman and CEO, and David Lorber, Ph.D., director of business development, the white paper examines the fundamental levers that significantly impact a Lab’s profitability, and how technology can be instrumental in reducing costs and increasing revenue.

The XiFin white paper is a must-read for anyone wanting to understand the cost drivers behind back office costs and how to utilize technological advances to optimize operational and financial performance. Readers will gain insight into:

• Eight manageable technology-driven back office cost improvements that can double profitability, without fundamentally altering the Lab’s operating structure or business
• How to leverage economies of scale to reduce operating costs
• Next generation revenue cycle management solutions

To accompany the new white paper, XiFin is also sponsoring a CEO’s Guide to Profitability videocast series that will delve in greater detail into individual issues discussed in the paper. Subscribe to be alerted when a new videocast is available, and learn how to bring profitability and cost measures to life.

XiFin processes more than 100 million claims per year across a wide variety of healthcare segments including clinical, hospital outreach, anatomic pathology, molecular diagnostics, toxicology, radiology and more. Customers see a 50-100% improvement in profitability by using the XiFin system, and have realized cumulative gains of $1 billion in net cash collection, adjusted for growth.

About XiFin

XiFin is an innovative software and services company dedicated to optimizing the economics of healthcare. The company’s cloud-based technology and business intelligence platform links healthcare stakeholders in the delivery and reimbursement of care, optimizing both business and patient outcomes and providing informed, streamlined diagnostic and business decision-making. To learn more, visit www.xifin.com, or follow XiFin on Twitter at www.twitter.com/#!/XiFin.