MediSolution Ltd.

MediSolution Ltd.

June 06, 2006 09:00 ET

Hazelden Foundation Selects MediSolution's MediAR+ Revenue Cycle Management Solution : New Integrated Solution to Increase Productivity and Improve Business Processes

MONTREAL, QUEBEC--(CCNMatthews - June 6, 2006) - MediSolution Ltd. (TSX:MSH), today announced that Hazelden Foundation, one of the world's largest and best known private treatment organizations for individuals, families, and communities struggling with addiction to alcohol and other drugs, has purchased MediAR+, a comprehensive revenue cycle management solution. The flexible solution with its electronic workflow capabilities and automated reporting features will allow Hazelden to improve operational efficiency. The contract will be implemented over the next 9 months.

The rules-based engine and payor contract management, billing, collections and cash posting functionality of MediAR+ will allow Hazelden to manage their revenue cycle management process more efficiently so the treatment center can remain focused on patient care and safety. MediAR+ will be interfaced to Hazelden's internally developed clinical and commercial financial systems.

Thousands of people from all 50 states and 42 foreign countries have turned to Hazelden to find expertise, quality care and leading authorities on addiction and recovery issues. Hazelden has six treatment centers across the US and treats nearly 9,000 individuals and families per year, which creates a unique set of patient billing requirements.

"We required a flexible Revenue Cycle Management solution that had the capability to manage the unique payment terms required by our varied patient mix" said Michael Ranum, Chief Financial Officer, Hazelden Foundation. "The MediAR integrated solution will allow us to immediately improve our patient billing and account receivables workflow and provide us with a robust solution that will scale as our business continues to grow."

"We are pleased to have Hazelden Foundation join our growing base of US customers," said Paul Lepage, President and Chief Operating Officer, MediSolution Ltd." Our comprehensive MediAR+ revenue cycle management solution will assist Hazelden in their goal to improve electronic workflow and management reporting across the organization.

About Hazelden Foundation

Hazelden Foundation pioneered the model of care for alcoholism and drug addiction that is now the most widely used in the world. With over 50 years of experience and an unparalleled breadth of services, Hazelden today is an international provider of treatment, recovery, research, education and training, and is the largest publisher of recovery-related materials in the world. Hazelden has facilities in Minnesota, New York, Illinois, and Oregon.

About MediSolution

MediSolution (TSX: MSH), a Brookfield Asset Management company, is a leading healthcare and public sector information technology company, providing software, solutions and services to customers across North America. More than 500 hospitals and other healthcare facilities and close to 200 public sector and related organizations rely on MediSolution's systems to maximize their operational efficiencies, lower their costs, and improve the delivery of services. MediSolution has two operating segments. The Resource Management Systems segment is comprised of Financial Management software such as accounts receivable, budgeting and materials management as well as Human Capital Management tools including human resource management, staff scheduling and payroll processing. The Healthcare Information Systems segment is comprised of clinical solutions such as patient tracking, electronic patient health records, pharmacy, radiology and laboratory software for healthcare organizations.

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This press release contains "forward-looking statements" regarding MediSolution's revenue cycle management product and its recent contract with Hazelden. The words "believe", "expect", "anticipate", "intend", "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements because they involve known an unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include delays in the implementation of the project, the cancellation of the contract and the revenue cycle management product's failure to generate anticipated business efficiencies for the client.

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