PSA Enters Into Business Alliance Agreement With Fisher Healthcare

February 26, 2009

FLORENCE, SC – February 26, 2009 – Pathology Service Associates, LLC (PSA), a MED3OOO Company, the country’s leading provider of revenue cycle management and other support services to independent pathologists across the United States, has entered into a Business Alliance Agreement with Fisher Healthcare, a part of Thermo Fisher Scientific, Inc.

PSA’s Business Alliance Program enables PSA-affiliated practices to purchase pathology equipment, supplies, and services at significantly discounted rates negotiated by PSA. Fisher’s commitment to the Business Alliance Program will provide PSA’s affiliated physicians with savings on purchases of laboratory equipment, chemicals and reagents, consumables, analytics, and other products for anatomic pathology laboratories. Fisher’s business alliance agreement with PSA establishes a new level of partnership with PSA’s affiliated practices.

We are very pleased to add Fisher HealthCare to our select vendor list, said Laura Chaney, PSA Vice President of Operations. The scope of products and discounts offered through the alliance with Fisher should enable a broad cross-section of practices to have access to meaningful savings. PSA’s Business Alliance Program has long been an important underpinning of the practice support services PSA offers pathologists. Our mission is to support independent community-based pathology groups, and providing this type of program enables all of our affiliated physicians to level the playing field in terms of negotiating pricing and terms for laboratory supplies, equipment, and services. Through our program, PSA affiliates can save in excess of hundreds of thousands of dollars per year.

Especially in this economy, we will encourage all of our affiliated practices to review the potential savings impact that can be provided to them through this new agreement with Fisher, stated Ms. Chaney.

 

About Fisher Healthcare, a Part of Thermo Fisher Scientific

Thermo Fisher Scientific, Inc., is the world leader in serving science, enabling our customers to make the world healthier, cleaner, and safer. With annual revenues of $10 billion, we have more than 30,000 employees and serve over 350,000 customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions, and government agencies, as well as environmental and industrial process control settings. Serving customers through two premier brands, Thermo Scientific and Fisher Scientific, we help solve analytical challenges from routine testing to complex research and discovery.

About Pathology Service Associates, LLC – a MED3OOO Company

PSA, a MED3OOO company, is the nation’s leading provider of revenue cycle management and support services to independent pathology practices. Through an integrated approach of billing and collection services, practice marketing support, coding and compliance services, and participation in PSA’s Business Alliance Program, PSA offers pathology practices with sustainable competitive advantages for their practices’ long-term success. The PSA network is a nationwide affiliation of pathologists who are focused on providing quality community-based pathology services and who share knowledge with their peers across the country in order to advance the quality of healthcare delivery. Please visit http://www.psapath.com/ for additional information.

About MED3OOO

MED3OOO is a national leader in advancing Healthcare Management and Technologies focused on improving performance and adding value to the delivery of healthcare. MED3OOO’s vision is to be considered a Premier Operations Partner for physicians, hospitals, employers, and municipalities throughout the U.S. Founded in 1995, MED3OOO provides services to over 15,000 physicians and has become one of the largest and most advanced private Revenue Cycle Management, Technology, and Information Management companies in the United States.