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TMCNet:  Pathology Associates Medical Laboratories (PAML) Selects XIFIN for Accounts Receivable Management Technology Framework

[January 24, 2013]

Pathology Associates Medical Laboratories (PAML) Selects XIFIN for Accounts Receivable Management Technology Framework

SAN DIEGO --(Business Wire)--

XIFIN 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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