New Mexico Heart Institute Selects Phoenix Health Systems for Comprehensive Compliance Outsourcing Services

DALLAS – November 15, 2006 – New Mexico Heart Institute (NMHI), Albuquerque, NM, has signed an agreement with Phoenix Health Systems for corporate compliance outsourcing services.

Phoenix, a premier provider of integrated professional and technical services focused on the business goals of healthcare organizations, announced today that it will manage NMHI’s Corporate Compliance Department, offering a full suite of regulatory compliance functions including planning, review/audit, training and awareness, standards of conduct, a compliance hotline, HIPAA privacy assessment and regulatory reporting. Phoenix will provide a single, accountable function to proactively support NMHI’s quality initiative to ensure regulatory consistency across the largest statewide cardiovascular practice in New Mexico.

"Our partnership with Phoenix takes us to a new level of excellence in support of our expanding cardiovascular practice," said Mike Bukowski, Chief Executive Officer, NMHI. "Phoenix' expertise in regulatory compliance provides a solid foundation to support clinical operations and patient care."

"Phoenix is proud to be selected to provide a corporate compliance program and management to NMHI. The New Mexico Heart Institute is well known for providing quality cardiovascular care to patients, and we look forward to working with them to achieve their compliance objectives," said Darin LeGrange, President and CEO of Phoenix Health Systems. "We are committed to exceeding NMHI's expectations by offering new ways to add value through innovative solutions to expand regulatory compliance, improve healthcare delivery and reduce costs."

About New Mexico Heart Institute

The doctors of NMHI have a 30-year history in New Mexico. The original partners developed and built the heart programs at Presbyterian and St. Joseph's hospitals, and now their expertise also benefits the new Heart Hospital of New Mexico. In 1994, three leading cardiac practices joined to become NMHI, and today the organization offers cardiovascular services throughout New Mexico and surrounding states. The Institute has two office locations in Albuquerque, as well as offices in Los Lunas, Santa Fe, Las Vegas, Los Alamos, Gallup, Farmington, Roswell and Alamogordo; and provides clinics in Cortez, Colorado, Taos, Raton, Silver City, Ruidoso, Grants and Socorro. Along with direct patient care and cardiology diagnostic and treatment services, NMHI offers prevention, education and research services benefiting patients and healthcare professionals. For more information, visit www.nmheart.com.

About Phoenix Health Systems

Phoenix Health Systems, a national IT and business process services provider, offers an integrated set of professional and technical services focusing on the business goals of the healthcare organization. Through strategic consulting, IT outsourcing and revenue cycle management, Phoenix will help any healthcare organization achieve its long-term objectives of administrative cost reduction, increased cash flow, improved patient safety and regulatory compliance. For additional information, please contact Phyllis Duggan at (214) 261-0660, ext. 107, or visit www.phoenixhealth.com.