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MedAssets, Inc.

300+ Healthcare Providers Recognized for Significant Financial Improvement at 2011 MedAssets Healthcare Business Summit

ATLANTA--(BUSINESS WIRE)-- As the United States healthcare industry continues to seek ways to eliminate waste and cost, MedAssets recognized more than 300 healthcare organizations for achieving significant financial improvements without compromise to delivery of high-quality patient care. The University of Pittsburgh Medical Center (UPMC), one of the leading health systems in the U.S., ranked first among MedAssets 4,000 acute care customers for its improved financial results totaling nearly $7 million in 2010 alone. In addition, 178 healthcare organizations were noted for achieving cumulative financial benefits ranging from $1 million to $200 million through the use of MedAssets spend and clinical resource management, revenue cycle technology and service solutions. The customer awards were presented at the 2011 MedAssets Healthcare Business Summit, being held April 25-29. This year, the annual user conference is host to approximately 4,500 attendees.

UPMC - President's Award Winner

UPMC, an $8 billion integrated global health enterprise headquartered in Pittsburgh, has established a strong track record of improvement in its supply chain processes. A MedAssets customer since 2005, the health system has saved an estimated $30 million through the utilization of MedAssets spend and clinical resource management solutions, including group purchasing services, supply chain data, analytical tools and custom interfaces.

"In a challenging environment, UPMC is continuing to find ways to cut costs and improve efficiency using a number of MedAssets revenue cycle and cost management solutions and services," said Rand Ballard, senior executive vice president, chief operating officer and chief customer officer, MedAssets. "UPMC has shown commitment and leadership in how to eliminate the hidden waste and costs in the care delivery process while improving patient care outcomes. I am pleased by UPMC's success and look forward to continuing to support them in achieving sustainable financial results."

UPMC joins MedAssets customers Atlantic Health, Baylor Health Care System, Inova Health System and St. Joseph Health System (Orange, CA) as providers that have long-demonstrated significant quantifiable results through the use of MedAssets solutions.

Category Award Winners

The following customers also were recognized for achievements within specific award categories:

  • Greenville Hospital System - Revenue Cycle Services Customer of the Year
  • Inova Health System - Revenue Cycle Management Technology Customer of the Year
  • Texas Purchasing Coalition - Spend Management Innovation
  • North Kansas City Hospital - Spend Management Community Hospital Customer of the Year
  • Promise Healthcare - Spend Management Non-Acute Care Customer of the Year
  • Scott & White Healthcare - Decision Support Customer of the Year
  • University Health System - Supplier Diversity Excellence

About UPMC

UPMC is an $8 billion global health enterprise with almost 50,000 employees headquartered in Pittsburgh, Pa., and is transforming health care by integrating 20 hospitals, 400 doctors' offices and outpatient sites, a health insurance services division, and international and commercial services. Affiliated with the University of Pittsburgh Schools of the Health Sciences, UPMC is redefining health care by using innovative science, technology and medicine to invent new models of accountable, cost-efficient and patient-centered care. For more information on how UPMC is taking medicine from where it is to where it needs to be, go to www.upmc.com.

To learn more about other customer award winners, please visit:

www.atlantichealth.org

www.baylorhealth.com

www.ghs.org

www.inova.org

www.nkch.org

www.promisehealthcare.com

www.sw.org

www.stjhs.org

www.texaspurchasingcoalition.com

www.universityhealthsystem.com

About MedAssets

MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing spend and clinical resource management and revenue cycle management solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 180 health systems, 4,000 hospitals and 90,000 non-acute healthcare providers. For more information, go to www.medassets.com.

MDAS/G

MedAssets
Media Contact:
Robin Wrinn, 678-624-7420
rwrinn@medassets.com
or
Investor Contact:
Robert Borchert, 678-248-8194
rborchert@medassets.com

Source: MedAssets

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