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MedAssets Retains #1 KLAS Ranking as Category Leader for Claims Management and Contract Management for Fifth Straight Year

^{Published on 2010-12-16 12:40:48 - Market Wire}
 

ATLANTA--([ BUSINESS WIRE ])--For the fifth consecutive year, MedAssets, Inc. (NASDAQ: MDAS), a leading financial improvement partner to more than 4,000 acute-care hospitals, earned top rankings in the Revenue Cycle - Claims Management category for its claims management solution, XClaim, and in the Revenue Cycle - Contract Management category for its Contract Manager solution as reported in the annual 2010 Top 20 Best in KLAS Awards: Software & Professional Services report.

"MedAssets is proud to have received top rankings from healthcare providers for five straight years for our claims management and contract management solutions"

KLAS rankings are based on direct and extensive feedback from healthcare providers with a focus on training, pricing, implementation timeliness, software performance and customer service. MedAssetsa™ Claims Management and Contract Management solutions have experienced strong adoption by healthcare providers over the last several years. The company expects this growth to continue as providers look for integrated solutions that can address core revenue cycle challenges for both acute and non-acute healthcare providers.

aMedAssets is proud to have received top rankings from healthcare providers for five straight years for our claims management and contract management solutions,a said Neil Hunn, chief financial officer and president, Revenue Cycle Technology, MedAssets. aEnsuring that accurate reimbursement is received in a timely manner has never been more important for healthcare providers who are struggling with continued reimbursement complexity and pressure and rapidly rising costs. Our claims management and contract management solutions are seen as an integral part of these organizationsa™ revenue cycle processes to increase efficiency and improve accuracy. We place a high value on customer feedback, and we will continue to use this insight to improve our solutions and help healthcare providers drive improved reimbursement integrity within their organizations.a

MedAssets is a leading provider of end-to-end revenue cycle solutions delivered through Web-based software and services including consulting, revenue recovery and extended business office services and full business outsource offerings. MedAssetsa™ breadth of proven revenue cycle capabilities helps providers to improve efficiency by reducing the overall cost to collect, leading to increased net revenue and improved cash flow.

About MedAssets

MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve financial strength by implementing spend 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 75,000 non-acutehealthcare providers. For more information, go to [ 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.

© 2010 KLAS Enterprise, LLC. All rights reserved.

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