MediSolution Ltd.

MediSolution Ltd.

March 12, 2008 08:30 ET

INTERCOUNTY LABORATORIES LIMITED Selects MediSolution's TD-Synergy Laboratory Information System and Virtuo Revenue Cycle Management Solution

MONTREAL, QUEBEC--(Marketwire - March 12, 2008) - MediSolution Ltd (TSX:MSH), a leading healthcare and public sector information technology company, today announced that INTERCOUNTY LABORATORIES LTD., an independent medical laboratory, has selected MediSolution's automated TD-Synergy laboratory information system and Virtuo® Revenue Cycle Management solution. The contract is expected to be implemented over the next 6 months.

Specifically designed to increase operational efficiency and results reporting within reference laboratories, MediSolution's TD-Synergy laboratory information solution automates numerous functions, ranging from laboratory requests, to the production and communication of final test results. INTERCOUNTY LABORATORIES will be implementing the TD-Synergy Core Laboratory module which will be used to manage all the Clinical Chemistry, Immunology, Hematology and Microbiology tests received and processed by the lab. The TD-Synergy solution will eventually be expanded to help INTERCOUNTY LABORATORIES improve workflow within their specimen collection centres.

"We were very impressed with the flexibility, scalability and the comprehensive functionality in the TD-Synergy Laboratory Information System and the Virtuo Revenue Cycle Management solution," said Mack Tawfik, Chief Executive Officer of INTERCOUNTY LABORATORIES "Coupled with their extensive reference laboratory experience, MediSolution was the ideal choice for us."

Virtuo Revenue Cycle Management (RCM) is a robust solution specifically designed for laboratories wishing to streamline their billing process and improve their cash flow. INTERCOUNTY LABORATORIES will leverage the Virtuo RCM application to initiate and manage all related billing and reconciliation activities. The system features a fully-customizable rules-based workflow engine which significantly reduces claim denial rates through a series of pre-billing edits that scrub claims for errors prior to submission. The workflow engine also speeds up claim submissions by facilitating the posting of electronic remittances, calculating expected reimbursements and automatically generating electronic claim inquiries.

"Our scalable, modular laboratory information system will streamline INTERCOUNTY LABORATORIES' workflow and improve the day-to-day efficiency of their business," said Paul Lepage, president and chief executive officer at MediSolution. "We are delighted to have INTERCOUNTY LABORATORIES join our growing base of reference laboratory customers."

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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Intercounty Laboratories Limited, originally established in 1971 as Donway Diagnostics Ltd, is a mid-sized full service medical testing laboratory serving the GTA area. The company has 100 employees and prides itself in the delivery of accurate and timely test results with a focus on professional, compassionate and courteous service. The company's facilities are equipped with state-of-the-art advanced medical technology testing equipment and provide hematology, urinalysis, parasitological, microbiology, immunological and chemical analyses for medical testing services.

This press release contains "forward-looking statements" regarding MediSolution's laboratory information system, and its recent contract with Intercounty Laboratory Limited. 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 and 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 the cancellation of the agreement between Intercounty Laboratories Limited and MediSolution and the laboratory information system's failure to generate anticipated business efficiencies and value for the client.

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