Healthcare Suppliers Honored at MedAssets Healthcare Business Summit

ATLANTA--(BUSINESS WIRE)-- MedAssets today recognized its top suppliers for their commitment to helping healthcare providers reduce costs and increase efficiency through competitive contracts, innovative solutions and customer service.

MedAssets honors its suppliers annually at its Healthcare Business Summit. As one of the leading providers of spend management solutions for the healthcare industry, MedAssets develops relationships with suppliers through its group purchasing organization (GPO). This year, MedAssets recognized suppliers for their efforts to make innovative goods and services that improve the quality of care available to healthcare providers at competitive prices, helping to drive down the total cost of healthcare.

Receiving the President's Award this year were Sue Persechino and Jay Rapp of GE Healthcare. As director of corporate accounts, clinical systems, Persechino has worked to grow GE’s market share with MedAssets customers by implementing innovative ideas across multiple product categories despite the challenging economy. Rapp, a national account director for GE Healthcare, worked to grow the GE’s contrast media agreements and has worked with MedAssets on cost containment and standardization.

The Supply Chain Savings Award was given to Ascent and to Philips Healthcare, which has won the award for two years straight. Ascent was honored for delivering the highest amount of total dollar savings to MedAssets customers in 2009, while Philips won for total percent savings delivered.

Two companies were recognized with Diverse Supplier Awards. Action Bag Company of Bensenville, Ill., is a woman-owned supplier of bags and packaging that has been in business for 30 years. X-GEN Pharmaceuticals is also a women-owned business. Based in Big Flats, N.Y., it specializes in developing mature generic pharmaceuticals as reliable and affordable treatment options.

"Without the support of our suppliers, MedAssets could not assist its healthcare provider customers in aggressive supply cost management,” said Mark Miriani, president, Supply Chain Systems. "The award-winning companies recognized by MedAssets go above and beyond in their commitment to serving the healthcare community. Each offers competitive pricing, excellent customer service and continuous innovation that helps improve the quality of care delivered through our healthcare system.”

Please visit the Company’s Website for a complete list of MedAssets Healthcare Business Summit Supplier Award winners.

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 40,000 non-acute healthcare providers. For more information, visit www.medassets.com.

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