Moffitt Cancer Center Selects Cymetrix to Keep Cash Flow Stable During Patient Accounting System Conversion

TAMPA, Fla. and IRVINE, Calif., March 29, 2011 /PRNewswire/ -- Cymetrix, a leader in providing healthcare organizations with comprehensive revenue cycle management solutions, today announced a new partnership with Moffitt Cancer Center to provide extended business office assistance during its system conversion.

In this partnership, Cymetrix will act as a safeguard during the complex patient accounting system conversion process to ensure a smooth transition to Siemens Soarian®. Cymetrix's proven liquidation strategy utilizes technology-enhanced processes to efficiently resolve aged accounts receivable and allows healthcare organizations like Moffitt to focus on implementation, training and deploying the new system.

"We were looking for a partnership of collaboration, conversion expertise and extensive Siemens system experience to assist Moffitt in the transition to the new patient accounting system," said Meagan Mane, director of patient financial services at Moffitt. "Cymetrix's proven ability to sustain a healthcare organization's cash flow during the challenging transition was instrumental in the selection of the company."

"Healthcare organizations need partners with expertise and experience on numerous billing and patient accounting systems to maintain consistent cash flow from the receivables on the legacy systems," said Michael Halberda, Cymetrix president and CEO. "Our solution preserves the continuity of healthcare organizations cash flow and allows internal resources to focus on the new system."

About Moffitt Cancer Center

Located in Tampa, Florida, Moffitt Cancer Center is an NCI Comprehensive Cancer Center – a designation that recognizes Moffitt's excellence in research and contributions to clinical trials, prevention and cancer control. Moffitt currently has 14 affiliates in Florida, one in Georgia, one in Pennsylvania and two in Puerto Rico. Additionally, Moffitt is a member of the National Comprehensive Cancer Network, a prestigious alliance of the country's leading cancer centers, and is listed in U.S. News & World Report as one of "America's Best Hospitals" for cancer. Moffitt marks a very important anniversary this year – 25 years committed to one mission: to contribute to the prevention and cure of cancer.

About Cymetrix

Cymetrix (www.cymetrix.com) provides healthcare organizations with end-to-end revenue cycle solutions that delivers 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.

SOURCE Cymetrix