CostFlex Announces Hiring and Upgrade Plans

Mobile, AL (CostFlex Systems, Inc.) November 1, 2011: CostFlex Systems, Inc. today announced an aggressive expansion strategy that includes a major platform upgrade for the company’s healthcare cost accounting system products along with plans to significantly increase the size of the organization’s professional information technology staff at its Mobile, AL location. The company has made a commitment to invest one million dollars in platform development that will move all CostFlex systems to a complete .NET/SQL Server platform featuring dashboard capabilities that will initially be implemented in January of 2012 and be rolled out to existing clients over the next three years.

CostFlex Executive Vice President Mark Ryan states, “Our commitment to investing in platform upgrades and associated hiring needs reflects the commitment of CostFlex Systems, Inc. to continue to be the best in the healthcare cost accounting market today and into the future. This investment represents the third major system upgrade since the first CostFlex system was installed in 1989 and represents our dedication to continuing to provide customers with the best, most accurate costing methodology for healthcare cost accounting via an intuitive industry-standard information technology platform.”

About CostFlex

CostFlex Systems, Inc. focuses exclusively on healthcare cost accounting software specifically designed for the hospital industry. Since 1989, CostFlex has provided hospital clients with a full suite of integrated cost accounting, decision support and contract terms management analysis software and is the only full healthcare cost accounting suite that utilizes activity based costing. CostFlex is based in Mobile, Alabama and is the healthcare cost accounting system of choice for more than 100 hospitals throughout the United States as well as in other parts of the world. To learn more, see CostFlex.com.