St.Vincent Health Chooses MedAssets` Revenue Cycle Management Solutions

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Thu Sep 10, 2009 2:01pm EDT

The health system expands relationship with addition of claims management and
charge capture services
ATLANTA--(Business Wire)--
MedAssets, Inc. (NASDAQ: MDAS) today announced that St.Vincent Health of
Indianapolis, Ind., has expanded its use of MedAssets` Revenue Cycle Management
products and services to further improve its financial performance through
better contract management, charge capture and recovery and claims management
processes. 

St.Vincent Health has made major improvements to optimize its revenue cycle
performance over the last year, and continues to further automate its processes,
improve efficiency and increase its net revenue by adding a multitude of
MedAssets solutions that can be quickly implemented and deliver an immediate
return on investment. Solutions being implemented include: Contract Manager,
XClaim suite, CDM MasterTM, Charge Capture Audit (CCA®) and PriceMaster. 

Utilizing MedAssets` solutions, St.Vincent Health can:

* Reduce rework by managing its claims process, improving the accuracy and
consistency of submitted claims and first pass rates in order to increase
overall cash flow; 
* Eliminate lost or duplicate charges and billing errors with charge master
management; 
* Improve the accuracy of its billing and identify lost revenue and charge
issues before claims are submitted; 
* Ensure payment accuracy from payors and identify underpayments to realize net
revenue; and 
* Establish defensible pricing that supports transparency and hospital
competitiveness.

Based in Indianapolis, St.Vincent Health operates 18 health facilities in 45
counties of central Indiana and cared for more than 2.1 million patients in
fiscal year 2009. 

"It`s more important than ever that hospitals and health systems focus on making
their revenue cycle performance more effective, including ensuring that proper
payments are received in a timely manner from patients and third party payors
for the services we provide," said Gregory Snow, vice president, Revenue Cycle
Operations at St.Vincent Health. "MedAssets tools make it possible for us to
quickly increase our efficiency and improve our financial performance,
positioning us to better serve the patients who depend on us for their
healthcare needs." 

"In today`s economy, providers like St.Vincent Health are looking for solutions
that are quick to implement and quick to reach the targeted ROI," said DT
Nguyen, president, Revenue Cycle Management, MedAssets, Inc. "Our solutions are
designed to help healthcare providers like St.Vincent Health identify ways to
improve their financial performance so that they can continue their mission of
providing high-quality healthcare to the communities they serve. We`re happy
that our relationship with them continues to expand." 

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 30,000 non-acute care healthcare providers.
For more information, visit www.medassets.com. 

About St.Vincent Health

St.Vincent Health is a nonprofit, spiritually-centered health system, sponsored
by Ascension Health of St. Louis, MO., the nation`s largest Catholic health
system. St.Vincent Health is one of Indiana`s largest employers with 18 health
ministries serving 45 counties in Central Indiana. The health ministry includes
St.Vincent Indianapolis Hospital; Peyton Manning Children`s Hospital at
St.Vincent; St.Vincent Heart Center of Indiana; St.Vincent Medical Center
Northeast; St. Joseph Hospital in Kokomo; Saint John`s Health System in
Anderson; St.Vincent Carmel Hospital; St.Vincent Women`s Hospital; St.Vincent
Clay Hospital in Brazil; St.Vincent Frankfort Hospital; St.Vincent Jennings
Hospital in North Vernon; St.Vincent Mercy Hospital in Elwood; St.Vincent New
Hope; St.Vincent Randolph Hospital in Winchester; St.Vincent Stress Center;
St.Vincent Williamsport Hospital; and St.Vincent Seton Specialty Hospital. 

MDAS/B 



MedAssets, Inc.
Media Contact:
Regina Haas, 678-624-7420
pr@medassets.com
or
Investor Contact:
Robert Borchert, 678-248-8194
rborchert@medassets.com



Copyright Business Wire 2009

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