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ATLANTA, Dec 16, 2009 (BUSINESS WIRE) -- For the fourth straight year, MedAssets, Inc. (NASDAQ: MDAS) has earned top rankings for its XClaim solution in the Revenue Cycle - Claims Management category and its Contract Manager solution in the Revenue Cycle - Contract Management category based on the annual 2009 Top 20 Best in KLAS Awards: Software & Professional Services report.
KLAS rankings are based on direct and extensive feedback from healthcare providers across North America. Areas KLAS focuses on in its research include: training, pricing, implementation timeliness, software performance and customer service.
"Our KLAS Category Leader rankings are a direct reflection of the satisfaction of our customers, who see us as a partner in the financial improvement process," said D.T. Nguyen, president, revenue cycle management, MedAssets. "These solutions will continue to benefit our customers as reimbursement becomes more complex in our healthcare system. Using MedAssets solutions to improve reimbursement integrity, healthcare providers will continue to improve claim accuracy and identify and collect millions of dollars in underpayments."
MedAssets provides technologies and services covering the full revenue cycle to help provider organizations improve cash flow, increase net revenue, improve efficiency and reduce operating costs. The Company's claims management solution improves hospitals' financial performance by increasing accuracy and consistency of claims submission and improving first pass payment rates to impact cash flow and reduce accounts receivable days. MedAssets' contract management solution accurately forecasts, calculates and captures all net revenue contractually owed, helping providers re-price complex claims, leverage contract negotiations to ensure reimbursement accuracy.
About MedAssets
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing 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.
About KLAS
KLAS is a research firm specializing in monitoring and reporting the performance of healthcare vendors. The KLAS mission is to improve delivery, by independently measuring vendor performance for the benefit of our healthcare provider partners, consultants, investors, and vendors. Working together with executives from over 4,500 hospitals and over 2,500 clinics, KLAS delivers timely reports, trends, and statistics, which provide a solid overview of vendor performance in the industry. KLAS measures performance of software, professional services, and medical equipment vendors. For more information, go to www.KLASresearch.com, email marketing@KLASresearch.com, or call 1-800-920-4109 to speak with a KLAS representative.
MDAS/G
SOURCE: MedAssets
MedAssets
Media Contact:
Regina Haas, 678-624-7420
pr@medassets.com
or
Investor Contact:
Robert Borchert, 678-248-8194
rborchert@medassets.com
Copyright Business Wire 2009