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MedAssets Expands Relationship with Ochsner Health System Adding Claims Management
ATLANTA, GA (February 21, 2008) – MedAssets, Inc. (NASDAQ: MDAS) announced today that Ochsner Health System in New Orleans, Louisiana, signed an expanded multi-year agreement to include MedAssets’ claims management solution.
Ochsner Health System includes seven hospitals, a sub-acute facility, and 33 health centers located throughout Southeast Louisiana. The original relationship with MedAssets began in 2005 with the implementation of specific supply chain and revenue management solutions.
The MedAssets claims management solution, Xclaim, gained the Category Leader ranking in Revenue Cycle – Claims Management Software in KLAS’ 2007 Best in KLAS Top 20 Report for the second year in a row. Xclaim was originally developed by Xactimed, a company acquired by MedAssets in 2007.
“Managing claims and the corresponding collections is a core responsibility of our division in helping our providers take great care of people,” said Gary Borgstede, system vice president of finance, Ochsner Health System. “MedAssets’ claims management solution has a proven track record for providing control over the claims management process, helping us ensure the integrity of claims resolution and the accuracy of claims reimbursement.”
“Our relationship with Ochsner Health System continues to grow as we listen and respond with solutions to achieve their goals,” stated Rand Ballard, chief operating officer and chief customer officer, MedAssets, Inc. “We have proven to Ochsner that our spend and revenue solutions can deliver quantifiable financial improvements in months, not years. Adding claims management is a key capability to help Ochsner further achieve its revenue integrity and financial goals.”
MedAssets’ claim management solution is part of the MedAssets Merge Technology® platform.
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, including 2,500 hospitals and 30,000 non-acute care healthcare providers. For more information, visit www.medassets.com.
About Ochsner Health System
Ochsner Health System is a non-profit, academic, multi-specialty, healthcare delivery system dedicated to patient care, research and education. The system includes seven hospitals, a sub-acute facility, and 33 health centers located throughout Southeast Louisiana. Through our unique coordinated system, Ochsner provides healthcare with peace of mind because we put the needs of all patients first. Ochsner employs over 600 physicians in 80 medical specialties and subspecialties and conducts more than 700 ongoing clinical research trials annually.
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