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MedAssets to Provide Spend Management Solutions to RehabCare

^{Published on 2010-05-25 08:10:36 - Market Wire}
 

ATLANTA--([ BUSINESS WIRE ])--MedAssets (NASDAQ: MDAS) announced today that it will provide its spend management solutions to RehabCare (NYSE: RHB), a national provider of long-term acute care and rehabilitation services, in order to drive cost savings and standardization in RehabCarea™s supply procurement process.

"MedAssets has a great reputation for helping healthcare providers lower costs and improve efficiency in supply chain operations"

MedAssets is working with RehabCare to develop a spend management strategy designed to meet the specific commodity and operations needs of long-term and post-acute care providers in order to lower acquisition costs while maintaining its commitment to patient care. MedAssets will serve as RehabCarea™s primary group purchasing organization (GPO), using the Companya™s flexible contracting model to enhance efficiency and reduce costs across its entire supply chain. RehabCare will also be able to better analyze and control its pharmacy spend at all of its facilities using MedAssetsa™ supply chain analytics solutions.

aMedAssets has a great reputation for helping healthcare providers lower costs and improve efficiency in supply chain operations,a said Kevin Gross, senior vice president of operations for RehabCare. aWe look forward to MedAssets providing tools and expertise to help us lower our acquisition costs and improve the efficiency of our procurement process.a

Rand Ballard, MedAssetsa™ chief operating officer and chief customer officer, stated, aLike many healthcare providers across the country, RehabCare is focused on controlling rising healthcare costs by lowering its supply costs and finding innovative ways to bring more efficiency to its supply chain. As a spend management partner for acute and non-acute healthcare providers, MedAssets looks forward to helping RehabCare reduce its supply costs.a

About RehabCare

Established in 1982 and headquartered in St. Louis, Mo., RehabCare is a leading provider of rehabilitation program management services in partnership with more than 1,260 hospitals and skilled nursing facilities in 41 states. The Company also owns and/or operates 34 long-term acutecare and freestanding rehabilitation hospitals across the country. For more information, go to [ www.rehabcare.com ].

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 40,000 non-acute healthcare providers. For more information, go to [ www.medassets.com ].

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