April 27, 2011

MedAssets Healthcare Business Summit Performance Forum Offers Industry Insights and Education

MedAssets, Inc.

MedAssets Healthcare Business Summit Performance Forum Offers Industry Insights and Education

ATLANTA--(BUSINESS WIRE)-- MedAssets Inc. (NASDAQ: MDAS) today reported that a record approximate 4,500 attendees, including customers, suppliers and business affiliates, have gathered to gain access to critical education and industry insight at the 11th annual Healthcare Business Summit , being held April 25-29.

The level of attendance at the Healthcare Business Summit, and the scope of discussion reflect MedAssets greatly expanded solutions and services portfolio that now encompasses the total cost, resource utilization and revenue cycle management needs of healthcare organizations. Key tracks include: business performance analytics, claims and denial management improvement, underpayment recovery strategies, RAC audits, Accountable Care Organizations and Bundled Payments, costing and contract modeling, supply chain materials management, and continuous clinical and operational performance improvement.

Education Essential to Address Evolving Reimbursement Models

The high impact educational and networking event presents MedAssets customers and suppliers a unique opportunity to collaborate, exchange real-world experiences and examine new technology capabilities and applications. In particular, there are 64 sessions across 14 different presentation tracks to deliver education essential to successfully tackle the evolving reimbursement models and ever-changing regulations impacting the U.S. healthcare provider's financial performance—from large, integrated delivery networks to physician practices.

"Changing regulations and new, value-based payment models are just a few of the difficult, but not insurmountable challenges we face," said John Bardis, chairman, president and chief executive officer, MedAssets. "Numerous advances in data and technology tools have caught up with the vision of exchanging complex health information for improved efficiency and care quality. To make this vision a reality, however, healthcare providers need to adopt new processes and capabilities in order to measure and report on quality and costs. Our annual Health Business Summit meeting is designed to provide the information and education our customers will need to achieve sustainable financial results."

Accreditation is available from eight different professional organizations, including the National Association of State Boards of Accountancy (NASBA) and the Association for Healthcare Resource & Materials Management (AHRMM).

Guest speaker highlights:

  • Richard Bluni, RN, The Studer Group—skills to maintain, find and recover the level of passion for the industry;
  • Dr. Patrick J. Quinlan, Chief Executive Officer, Ochsner Health System; and Avery Corenswet, Vice President of Clinical Outreach, Ochsner Health System — community health & prevention;
  • Terry Olinger, Chief Human Resources and System Services Officer, Benefis Health System—insight on improving organization productivity;
  • William Dinsmoor, Chief Financial Officer, The Nebraska Medical Center—creating accountable care organizations;
  • Tom Lubotsky, Vice President of Supply Chain, Advocate Health Care—increasing cost pressures and decreasing operating margins that hospital executives face.

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.


MedAssets Inc.
Media Contact:
Robin Wrinn, 678-624-7420
Investor Contact:
Robert Borchert, 678-248-8194

Source: MedAssets Inc.

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