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ATLANTA, Mar 03, 2009 (BUSINESS WIRE) -- MedAssets, Inc. (NASDAQ: MDAS) today announced that Christiana Care Health System (Christiana Care), based in Wilmington, Delaware, has signed a multi-year agreement to implement the Alliance Decision Support solution suite.
MedAssets' Alliance Decision Support is an integrated suite of Web-based tools designed to efficiently manage budgets, costs, third-party payor contracts and revenues to improve day-to-day operations, manage operational effectiveness, evaluate payor performance across service lines and manage profitability for sustained growth. Alliance Decision Support provides access to existing clinical and patient financial systems in order to compare and track utilization patterns and key performance indicators against budget, creating identifiable opportunities for sustained margin improvement.
The single, non-redundant database platform delivers comprehensive enterprise-wide performance measurement. A key performance indicators dashboard also provides facility management with timely access to actionable, client-defined business intelligence that measures current performance against established metrics.
Christiana Care has been a MedAssets' supply chain management customer for several years.
Christiana Care is a not-for-profit, privately owned healthcare provider serving Delaware and portions of seven counties bordering the state in Pennsylvania, Maryland and New Jersey. Christiana Care includes Christiana Hospital and Wilmington Hospital and is comprised of over 1,100 beds. With more than 10,000 employees, Christiana Care is the largest private employer in Delaware and the 10th largest employer in the Philadelphia region. In the fiscal year 2008, CCHS had more than $1.7 billion in total patient revenue, provided the community with $37.7 million of free care and medicine, and cared for more than 55,000 patients admitted annually.
"Christiana Care is a thought leader in the healthcare marketplace, and we are proud that they chose to expand their relationship with MedAssets," stated Rand Ballard, chief operating officer and chief customer officer, MedAssets, Inc. "We believe our strategic direction for Alliance Decision Support and overall performance were key factors in our success in CCHS' competitive decision process and further validate our dedication to product innovation and customer financial improvement."
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, go to www.medassets.com.
About Christiana Care Health System
Based in Wilmington, Delaware, Christiana Care Health System is one of the largest health care providers in the mid-Atlantic region, serving Delaware and neighboring areas in Maryland, Pennsylvania and New Jersey. A not-for-profit teaching hospital, Christiana Care is recognized as a regional center for excellence in cardiology, cancer and women's health services, as well as for its Level-3 neonatal intensive care. Christiana Hospital is also the only Level I trauma center between Philadelphia and Baltimore. Christiana Care includes two hospitals with more than 1,100 patient beds, a home health care service, preventive medicine, rehabilitation services, a network of primary care physicians and an extensive range of outpatient services.
mdas/B
SOURCE: MedAssets, Inc.
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