|[January 24, 2013]
Pathology Associates Medical Laboratories (PAML) Selects XIFIN for Accounts Receivable Management Technology Framework
SAN DIEGO --(Business Wire)--
Inc., the financial cloud computing company revolutionizing the
business of healthcare diagnostics from patient to payment, today
announced that Pathology Associates Medical Laboratories, LLC (PAML),
one of the largest clinical reference laboratories in the nation, has
selected its accounts receivable and financial management platform to
optimize billing and claims management and improve interoperability to
meet growing business demands.
XIFIN's cloud-based AR management solution will provide complete,
end-to-end revenue cycle access and visibility and real time
communications throughout the organization's IT infrastructure as well
as between payors, referring physicians, patients and laboratories
within the PAML network.
"We are very excited to be partnering with XIFIN," said Francisco R.
Velàzquez, M.D., S.M., President and Chief Executive Officer of PAML,
LLC and PAML Ventures. "With the accelerating rate of change we are
seeing in today's healthcare billing and payor environment, we made the
strategic decision to partner with XIFIN for the technology
infrastructure, rather than trying to keep pace using legacy software
and manual processes. This will allow PAML to focus on providing our
hospitals, physicians and patients with high quality testing and
exemplary customer service."
"PAML's plans for growth dictate an interoperable platform that eables
the real time exchange of information, and the XIFIN solution represents
a totally new approach to revenue cycle management that is uniquely
suited to fulfill PAML's needs," stated Lâle
White, CEO of XIFIN. "The expanding PAML network is an ideal
organization to benefit from XIFIN's platform to improve both financial
performance for the organization and the overall accounts receivable
management process for all involved."
About Pathology Associates Medical Laboratories, LLC
PAML, a full-service medical reference laboratory located in Spokane,
WA, is owned by two of the nation's largest healthcare systems -
Providence Health & Services (PH&S) and Catholic Health Initiatives
(CHI). One of the top reference laboratories in the country, PAML is
also considered an industry leader in joint venture partnerships with
community-based hospitals because of their expertise in developing
cutting-edge laboratory management systems, including state-of-the-art
automation, and support services. For more information, visit www.PAML.com.
About XIFIN, Inc.
XIFIN delivers cloud-based revenue cycle management solutions that
enable diagnostic service providers to improve financial performance and
gain efficiencies that substantially increase the bottom line. XIFIN
leverages its expertise and collective intelligence to deliver
automation, visibility, and control through a partnership formula that
ensures aligned goals, long-term focus on success, and constant
attention to ongoing improvement. 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 significant improvements
in profitability by collecting more of their AR, automating compliance
rigor and gaining labor efficiencies through workflow automation. The
company has received continual industry recognition, including earning
the designation of Honoree on the Inc. 5000 fastest growing
privately-held companies for being on the list six consecutive years in
a row; and ranking among Deloitte's (News - Alert) Technology Fast 500. To learn how
XIFIN uniquely delivers revenue cycle management, visit www.XIFIN.com,
or follow XIFIN on Twitter (News - Alert) at www.twitter.com/#!/xifin.
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