The health system expands relationship with addition of claims management and charge capture services

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
Contacts

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