MedAssets Announces Affiliation with Arizona Hospital and Healthcare Association

2008-07-15 10:00:00

ATLANTA–(EMWPresswire)–MedAssets, Inc. (NASDAQ: MDAS) announced today that MedAssets Supply

Chain Systems, a MedAssets company, and the Arizona Hospital and

Healthcare Association (AzHHA) have entered into an agreement that marks

AzHHAs first affiliation with a revenue cycle

and spend management services provider, including its first group

purchasing organization (GPO) affiliation.

AzHHAs agreement with MedAssets is focused on

helping to improve the financial performance of any of the 108 hospitals

within AzHHAs service corporation 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.

The affiliation will allow AzHHA to provide its member facilities access

to a larger health care contract portfolio with greater savings,

expanded pharmacy services including audit and analytical capabilities,

and an enhanced selection of products and services that can be viewed

using MedAssets online contract catalog,

CDQuick®.

Additionally, the agreement includes access to cost management programs

as well as clinical and supply chain consulting services.

This affiliation also equips AzHHA with access to MedAssets

suite of revenue management solutions, designed to help with all aspects

of the hospital revenue cycle workflow including the unique linkage of

the supply item file to the chargemaster, patient bill estimation and

point-of-service collection programs, claims, remittance and contract

management, silent PPO recovery, concurrent and retrospective denial

management, accounts receivable services, charge capture, defensible

pricing, and decision support technology.

AzHHA is continually seeking tools and

services to support member hospitals and promote quality healthcare in

our state. This partnership could be extremely significant to Arizona’s

hospital community and, ultimately, the people they serve,

said Jim Haynes, AzHHA’s vice president of Finance. MedAssets

offers tools that have a high ROI. All of our facilities

both large and small can benefit from

technology that increases efficiency, reduces errors and improves the

bottom line.

MedAssets mission is to improve the

financial health of healthcare providers so they can continue to provide

the highest quality of care in their communities.

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, visit www.medassets.com.

About Arizona Hospital and

Healthcare Association

The Arizona Hospital and Healthcare Association (AzHHA) is comprised

of 108 active members. The Association provides leadership on issues

affecting the delivery, quality, accessibility and cost effectiveness of

healthcare in Arizona. For more than 60 years, AzHHA has advocated for

Arizona’s hospitals and their patients, also serving as an information

source and educator on healthcare issues. For more information about

AzHHA, visit www.azhha.org.

mdas/B

Three Public Relations
Media contact:
Jill Winkler,

404-266-0899 x 119
jwinkler@3atlanta.com
or
MedAssets,

Inc.
Investor Relations Contact:
Robert Borchert,

678-248-8194
rborchert@medassets.com

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