Cymetrix Forms Alliance With Siemens Healthcare for System Conversion Support

IRVINE, Calif., Dec. 7, 2010 /PRNewswire/ -- Cymetrix, a leader in providing healthcare organizations with comprehensive revenue cycle management solutions, today announced an alliance with Siemens Healthcare for financial system conversion support.

In this new partnership, Cymetrix will assist in the transition of select Siemens clients from their legacy patient accounting systems to Siemens Soarian®. Cymetrix's system conversion solution preserves the continuity of the healthcare organizations' cash flow and allows internal resources to focus on the new system.

"At Siemens, we are committed to providing our customers with strong options and the conversion support necessary to accelerate their adoption of Soarian and this agreement will assist customers in a seamless transition," said David M. Hamilton, senior vice president, Enterprise Services of Siemens Healthcare's health IT business.

"More and more healthcare organizations are seeking a safety-net during the complex and lengthy patient accounting system conversion process. In today's economy, healthcare organizations are demanding solutions that improve cash flow and are quick to implement," said Michael Halberda, president and CEO of Cymetrix.

Soarian is a registered mark of Siemens Medical Solutions USA, Inc.

About Cymetrix

Cymetrix (www.cymetrix.com) provides healthcare organizations with end-to-end revenue cycle solutions that deliver sustained improvement in performance and profitability. A privately held Delaware Corporation, Cymetrix has corporate headquarters in Irvine, Calif., and business processing centers in Los Angeles, Dallas, and Nashville. Cymetrix's equity partner is Riordan, Lewis & Haden, a private equity investment company based in Los Angeles.

About Siemens Healthcare Sector

The Siemens Healthcare Sector is one of the world's largest suppliers to the healthcare industry and a trendsetter in medical imaging, laboratory diagnostics, medical information technology and hearing aids. Siemens offers its customers products and solutions for the entire range of patient care from a single source - from prevention and early detection to diagnosis, and on to treatment and aftercare. By optimizing clinical workflows for the most common diseases, Siemens also makes healthcare faster, better and more cost-effective. Siemens Healthcare employs some 48,000 employees worldwide and operates around the world. In fiscal year 2010 (to September 30), the Sector posted revenue of 12.4 billion euros and profit of around 750 million euros. For further information please visit: www.siemens.com/healthcare.

SOURCE Cymetrix