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CarePayment Announces Appointment of Jim Quist as Chairman and CEO

Portland, Ore. — March 1, 2010 — CarePayment today announced the appointment of Jim Quist at its new Chairman and CEO. Mr. Quist brings more than 30 years of successful entrepreneurial and business experience to CarePayment, including 17 years of healthcare industry leadership.

"I am extremely proud to join the CarePayment team during these challenging and exciting times for the healthcare industry," said Quist. "CarePayment is uniquely positioned to partner with healthcare organizations nationwide to deliver value by enhancing their internal processes, improve the patient experience and expand their relationships with their communities".

As an early proponent of the "Software as a Service" model to solve the challenges of the healthcare industry, Mr. Quist was the founder of MedeFinance, a provider of expert analytic resources that create operational and financial efficiencies for healthcare organizations. Within five years of launching its Business Intelligence platform of solutions, he grew the Mede organization to provide services to more than 750 providers and health plans throughout the United States and the United Kingdom.

In July 2009, Mr. Quist retired from Mede and its board as Chairman Emeritus and Founder. He presently serves in consulting roles for several start-up technology companies and healthcare service organizations. Mr. Quist attended the University of Washington and served in the U.S. Merchant Marine.

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About CarePayment

Established in 2004, CarePayment is a program that enables patients to pay for provider services at a 0.0% Annual Percentage Rate over an extended period of time, while providing providers with immediate funding for patient-pay receivables. This unique program enables provider clients to improve cash flow, reduce receivable days and dramatically increase the percentage of collected patient-pay receivables. Providers that have implemented CarePayment have seen improvements on their balance sheets and reported increased patient satisfaction.
Program offered through WebBank, a Utah industrial bank.