MediSolution Ltd.
TSX : MSH

MediSolution Ltd.

May 20, 2008 08:30 ET

Vancouver Island Health Authority to Deploy MediSolution's Virtuo Revenue Cycle Management Solution

MONTREAL, QUEBEC--(Marketwire - May 20, 2008) - MediSolution Ltd. (TSX:MSH), today announced that Vancouver Island Health Authority (VIHA), has purchased MediSolution's Virtuo Revenue Cycle Management (RCM) solution. The Virtuo RCM system will be implemented throughout the region's network of hospitals, clinics, centres, health units and residential facilities and will replace multiple legacy Account Receivable/Billing Systems. The contract includes over $700,000 in software licensing and professional services revenue and will be implemented over the next twelve months.

VIHA provides health care services to over 730,400 people on Vancouver Island, on the islands of the Georgie Strait, and in the mainland communities north of Powell River and south of Rivers Inlet. Over 16,000 health care professionals, technicians and support staff and approximately 1,600 physicians provide patient servicesthrough a network of hospitals, clinics, centres, health units, and residential facilities that includes 1487 acute care beds and over 5600 residential care beds/assisted living units.

"MediSolution's patient billing expertise, previous experience in working with Cerner sites and healthcare specific systems integration knowledge was key in our decision to select the Virtuo Revenue Cycle Management solution", said Jim Deas, Director Financial Operations, Vancouver Island Health Authority."The comprehensive and scalable Virtuo RCM solution will allow us replace all our legacy systems and launch an efficient centralized solution across the region".

The Virtuo Revenue Cycle Management solution with its flexible, exception-based workflow engine will be used to streamline the patient billing processes and create a common service delivery platform across the entire VIHA region. The scalable Virtuo Revenue Cycle Management solution is designed to speed up claim submissions by facilitating the posting of electronic remittances, calculating expected reimbursements and automatically generating electronic claim inquiries.The MediSolution team will also develop and deploy Cashiering functionality for VIHA which will enable the region to augment and upgrade existingelectronic cashiering capability that will allow the Authority to retire manual receipting systems and deploy an electronic cashiering solution to all sites allowing for the standardization of receipting and bank deposit functions.

"We are delighted to have the Vancouver Island Health Authority join our growing base of Virtuo Revenue Cycle Management customers," said Paul Lepage, president and chief executive officer, MediSolution Ltd. "The system's flexible open architecture and customizable workflow engine make it a logical choice for deployment across large geographic and diverse facilities."

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.

For more information, visit www.medisolution.com.

This press release contains "forward-looking statements" regarding MediSolution's Virtuo Revenue Cycle Management product, and its recent contract with Vancouver Island Health Authority. 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 Vancouver Island Health Authority and MediSolution and the Virtuo Revenue Cycle Management product's failure to generate anticipated business efficiencies and value for the client.

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