Business Wire: Westcliff Clinical Laboratories "Goes-Live" with Xifin Solution

June 21, 2005

SAN DIEGO--(BUSINESS WIRE)--June 21, 2005--

XIFIN today announced the addition of Westcliff Medical Laboratories, the largest independent clinical lab in Southern California as a "live" customer for its comprehensive revenue cycle management services solution.

As a part of a series of major strategic initiatives to improve operational effectiveness and customer satisfaction, Westcliff saw in XIFIN the opportunity to lower billing costs and bad debt while capturing better financial information. XIFIN has become a critical component in Westcliff’s strategy to leverage information technology.

More and more, laboratories are recognizing the need to do more with IT. Revenue Cycle Management solution companies like XIFIN, have demonstrated that not only does effective management of billing and accounts receivables improve collections, it provides access to information that enables better overall management of the lab’s business.

"XIFIN will take us to a whole new level in, not only managing our AR, but also in how we will use our financial information," noted Richard Nicholson, president and CEO of Westcliff. "I’ve been impressed with their ability quickly and significantly improve their customers’ bottom-line."

"Working with a lab of Westcliff’s stature is enormously gratifying for XIFIN," said Lâle White, Executive Chairman of XIFIN. "Westcliff provides an excellent opportunity for XIFIN to showcase its capabilities and impact on a high volume laboratory."

About Westcliff:

Westcliff Medical Laboratories, Inc., has been providing clinical laboratory services in Southern California for over 40 years. It specializes in providing clinical and anatomical laboratory services to physician offices, clinics, sub acute treatment centers, public sector entities and homebound patients.

About XIFIN:

Founded in 1997 by senior laboratory executives, XIFIN® delivers a highly automated, Web-based application with integrated infrastructure services to support laboratory Accounts Receivable and financial management operations. XIFIN targets process errors that lead to bad debt, rework and compliance liabilities, through its closed-loop, rules-driven workflow automation. XIFIN Services manage, deliver and maintain the entire infrastructure supporting A/R including: connectivity, reference databases, payer requirements, transaction services vendors, hardware & software, as well as compliance/regulatory workflow logic. www.xifin.com.