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ATLANTA, Oct 29, 2008 (BUSINESS WIRE) -- MedAssets, Inc. (NASDAQ: MDAS) announced today the release of its newest Alliance Decision Support solution to help healthcare providers more readily analyze and utilize operational information to improve overall financial performance.
An enterprise-wide management tool for hospitals, healthcare systems and long-term-care organizations, Alliance Decision Support combines budgeting, cost accounting and contract management data in one common database to enhance operating, financial and overall business decisions. It provides access to existing clinical and patient financial systems that compare and track utilization patterns and performance indicators against budget, creating identifiable opportunities for sustained margin improvement. Alliance Decision Support's easy-to-use, customizable executive dashboard also delivers actionable data that helps providers measure their current performance against their established metrics.
"Providers need a nimble alternative to traditionally labor-intensive, inflexible and cost-prohibitive legacy systems, which can be crippling in today's environment of credit tightening and reimbursement reform challenges," said Rob Paulsson, President, MedAssets Decision Support, a division of MedAssets' Revenue Cycle Management Segment. "This release of Alliance Decision Support provides an intuitive, accurate and adaptable solution for enterprise-wide visibility into everyday financial, clinical and operational impact on a provider's bottom line. It offers executives and decision support managers the important data and information they need with the ability to identify and address business performance improvements."
Alliance 4.1, developed by the decision support experts at Avega, a MedAssets company, is a web-based platform, allowing for scalable, flexible and faster implementation. Alliance is compatible with existing clinical and patient financial systems and is also available as a turnkey installation to address customers' specific enterprise needs.
About MedAssets
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing integrated spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, 3,300 hospitals and 30,000 non-acute care healthcare providers. For more information, visit www.medassets.com.
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SOURCE: MedAssets, Inc.
Media Contact: Three Public Relations Jill Winkler, 404-266-0899 x 119 jwinkler@3atlanta.com or Investor Relations Contact: MedAssets, Inc. Robert Borchert, 678-248-8194 rborchert@medassets.com
Copyright Business Wire 2008
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