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ATLANTA, GA (February 5, 2009) - MedAssets, Inc. has received 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 for the third consecutive year based on the annual 2008 Top 20 Best in KLAS Awards: Software & Professional Services report.
"We are very proud of our KLAS Category Leader rankings, as they reflect the satisfaction of our clients with our services and solutions. They add further substantiation to the results that we are able to produce for our clients, identifying millions of dollars in underpayments and increased reimbursements with improved claims accuracy," said D.T. Nguyen, president, revenue cycle management, MedAssets.
MedAssets provides technologies and services covering the full revenue cycle to improve cash flow, increase revenue and reduce costs. The Company's claims management solution improves hospitals' financial performance by increasing accuracy and consistency of claims submission and delivering improved first pass rates for claims to impact cash flow and reduce accounts receivable days. MedAssets' contract management solution accurately forecasts, calculates and captures all net revenue contractually owed, helping hospitals re-price complex claims, leverage contract negotiations and simplify the reimbursement process.
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.
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
Media Contact:
Regina Haas
MedAssets, Inc.
pr@medassets.com
678.624.7420
Investor Relations Contact:
Robert Borchert
MedAssets, Inc.
rborchert@medassets.com
678-248-8194