Boston-Based Health System Chooses Integration and Proven Results
ATLANTA--(BUSINESS WIRE)-- MedAssets, Inc. (NASDAQ: MDAS) announced today that the Cambridge Health Alliance (CHA) of the metropolitan Boston area will expand its use of MedAssets' revenue cycle management solutions to further improve its financial performance and streamline its revenue cycle operations.
A customer since 2004, CHA experienced positive financial results using MedAssets’ contract management solution, Contract Manager. The health system recently selected additional MedAssets’ revenue cycle solutions for reimbursement and revenue integrity. The integrated solutions for claims management and charge capture audit include XClaim, CCA® and KnowledgeSource®, and help detect and resolve missing charges before a claim is billed. The integrated, customized workflow will help CHA accelerate payments and automate processes, improve billing compliance and decrease downstream denials. MedAssets’ billing and coding research tools and reports management solution will also improve CHA’s visibility and overall accounts receivable management and cash flow.
"MedAssets has been a vital part of our strategy to improve our financial performance,” said Gordon H. Boudrow, Jr., Senior Vice President and Chief Financial Officer at CHA. “The breadth of MedAssets’ solutions and the expertise the company provides has helped us to accelerate our revenue cycle cash performance, improve our productivity and ensure that our revenue cycle operations are compliant. We look forward to the benefits these additional solutions will bring to our organization.”
Rand Ballard, MedAssets' Chief Operating Officer and Chief Customer Officer, stated, "CHA is a long-time customer that uses our revenue cycle management platform as a way to reach its financial improvement goals through increased efficiency and better workflow. As providers prepare for healthcare reform implications, health systems like CHA see the value of an integrated and evidence-based approach to revenue cycle operations so they are well-positioned to improve their performance in an environment where margins and reimbursement are under extreme pressure.”
About MedAssets
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve 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 40,000 non-acute healthcare providers. For more information, visit www.medassets.com.
About Cambridge Health Alliance (CHA)
Cambridge Health Alliance (CHA) is a regional, academic healthcare system that is helping people live better lives. With 3 hospital campuses and a network of primary care and specialty locations, CHA serves more than 400,000 residents of Boston's metro-north region. In doing so, it places special emphasis on preventive care and in serving the area's most vulnerable and diverse populations.
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MedAssets, Inc.
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Regina Haas, 678-624-7420
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KEYWORDS: United States North America Georgia Massachusetts
INDUSTRY KEYWORDS: Technology Data Management Software Health Hospitals Other Health Professional Services Finance Medical Supplies
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