HFMA Commercial Services and Mede launch UK Performance Network

Evidenced-based assurance to help organisations achieve World Class Commissioning, improved provider care and targeted healthcare outcomes.

LONDON, Dec. 5, 2008 —Mede International (Mede), the leader in healthcare intelligence and performance measurement solutions and HFMA Commercial Services (HCS), the commercial arm of the Healthcare Financial Management Association (HFMA) representing healthcare finance professionals across the UK, have together launched UK Performance Network.

In response to the increasing demand for healthcare organisations to deliver timely and world-class healthcare, HFMA and Mede have partnered to provide Commissioning and Trust executives the ability to instantly compare their own performance against self selected local and national peers, as well as receive guidance on best practices. The power of advanced performance analytics combined with facilitated networking clubs will allow PCTs and Acutes to openly discuss and compare performance practices across diverse and dynamic metrics, leading to more efficient and higher quality healthcare.

Based on live operational data, UK Performance Network offers dynamic peer group reporting against key performance indicators. Highly visual and intuitive scorecards and dashboards are supported by drill-downs into patient detail. This new web-based solution allows Trust executives insight into their performance compared to peer, local and national measures, along with industry analyses and thought leadership.

UK Performance Network will enable Trusts to work towards operational improvements and give Commissioners the necessary information to improve primary care performance and commissioning value for money.

“This service will provide demonstrable value and we’re delighted that HCS Ltd will partner in bringing significant benefits to NHS organisations,” said Mark Knight, Chief Executive of HFMA. “Our deep industry knowledge and Mede’s technology and services will enable the strategic decision-making necessary for optimising overall Commissioner and Provider performance.”

“One of the key drivers to efficiency in today’s healthcare environment is the management of information,” stated Chris Calkin, Chairman of HFMA and Director of Finance and Performance at the North Staffordshire University Hospitals NHS Trust. “Services such as this provided by HFMA and Mede could add significant benefit to an organisation’s ability manage by performance. We are delighted to work with Mede on this exciting project.”

“This  partnership blends HFMA’s deep industry expertise with Mede’s  proven analytics platform, client services and best practices currently utilized by more than 700 of leading healthcare providers in the U.K. and U.S.,” stated Mede’s Executive Chairman Jim Quist. “Trust and Commissioning executives are able to quickly understand their top areas of opportunity and guidance on best in class practices.”

Mede enables healthcare organizations to achieve advanced clinical, operational and financial outcomes through on-demand, performance intelligence solutions delivered as a service by experienced healthcare professionals. Over 700 healthcare organizations in the U.S. and U.K. have experienced quick ROI and sustainable value from Mede solutions with low total cost of ownership. The company has been recently recognized by Inc. Magazine as one of the 500 most rapidly growing privately-held companies in the United States. To find out more about Mede, visit www.medefinance.com.

About HFMA UK
HFMA Commercial Services Ltd. Is a trading arm of the Healthcare Financial Management Association (HFMA), which is the professional financial voice of healthcare in the UK. Their aim is to maintain and develop the financial management contribution to healthcare in the UK. Supported by a 13-strong branch network, they promote the highest professional standards in financial management and governance in healthcare.   The organisation furthers personal and professional development by providing access to tailored education and training, offering a professional network for members and a greater contribution to national policy.  To find out more about HFMA, visit www.hfma.org.uk or www.hcsltd.org.uk.

Contacts:
Martin Walsh
Commercial Director
HCS Ltd
+44 0117 929 4789
email: martin.walsh@hfma.org.uk

Marcia Shields
Director, Communications
Mede, Inc.
469-916-3300 ext. 108
email: mshields@medefinance.com

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