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The Methodist Hospital System Signs Agreement With MedAssets®

Atlanta, GA

Agreement includes group purchasing, supply chain analytics, and revenue cycle-supply chain data linkage

MedAssets, Inc. announced today that The Methodist Hospital System (Methodist) in Houston, Texas has signed an agreement for group purchasing, supply chain analytics, and revenue cycle - supply chain data linkage.  The multi-year agreement is effective June 1, 2007.

Methodist will utilize the capabilities of MedAssets Supply Chain Systems and MedAssets Analytical Systems for supply chain management and analytics. These tools and services include group purchasing and item file data conditioning to improve data integrity, usability, and ultimately decrease costs. Proprietary supply chain technology, Strategic Information for Pharmacy, will be used to improve efficiencies and decrease costs in pharmacy purchasing.

MedAssets Net Revenue Systems’ CrossWalk® tool will link Methodist’s supply item master to their chargemaster, in order to ensure charges for all patient identifiable supplies accurately cover costs with a defensible markup. CrossWalk highlights items that are being charged above or below acquisition cost or other specific pricing parameters.

“Hospital supply expense is one of the largest areas of spending in any hospital, and I believe focusing attention on the supply chain will improve our organization financially and operationally,” stated Gary Wagner, Vice President, Supply Chain Management, The Methodist Hospital System.

“We are pleased The Methodist Hospital System chose MedAssets for supply chain performance improvements efforts,” stated Rand Ballard, Chief Operating Officer, MedAssets, Inc.  “They can expect a significant percent reduction in supply expense from use of MedAssets supply chain tools alone. We look forward to delivering these results to Methodist and helping them to further their mission of providing high quality patient care.”

For more information about MedAssets, visit www.medassets.com