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Current News
Lexington Medical Center Selects XactiMed's Revenue Cycle Solutions
DALLAS, January 3, 2007 - XactiMed, a provider of web-based claims processing, remittance and denial management revenue cycle solutions to the healthcare industry, today announced South Carolina-based Lexington Medical Center has selected its revenue cycle solutions for electronic claims processing and claims management.
"Lexington Medical Center selected XactiMed due to its product functionality and usability," said Roger Sipe, Lexington Medical Center's Assistant Vice President of Business Services. "XactiMed's advanced editing capabilities, their management and productivity reporting capabilities, and their ability to hold a greater sense of accountability throughout the entire billing cycle were key factors in Lexington's decision to choose XactiMed."
"XactiMed's revenue cycle solution is a great fit for Lexington Medical Center," said DT Nguyen, XactiMed's President and Chief Executive Officer. "We look forward to further establishing our relationship with Lexington Medical Center and assisting them in achieving their business office initiatives via our suite of revenue cycle solutions."
About Lexington Medical Center
Located in one of South Carolina's fastest growing communities, Lexington Medical Center is a 346-bed metropolitan medical complex that anchors a comprehensive, county-wide health care network. That network includes two outpatient hospitals with ambulatory surgery centers, four community medical centers at strategic locations throughout Lexington County that provide urgent care services, Lexington Extended Care, the largest skilled nursing facility in the state, an occupational health center and 38 owned physician practices ranging in services from family medicine, OB-GYN, orthopedics, general surgery, internal medicine, rheumatology and endocrinology.
About XactiMed
XactiMed provides web-based revenue cycle solutions and outsourcing services to the healthcare industry. XactiMed's claims, remittance and denial management solutions improve efficiency and effectiveness across the revenue cycle resulting in improved financial performance for the hospitals we serve. XactiMed was founded by D.T. Nguyen in 1998. XactiMed is a private company backed by Buena Venture Associates, L.P., an investment fund founded by Sid R. Bass, and Lee M. Bass Inc., of Fort Worth, Texas.
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