PR - MedAssets Expands Relationship with Ochsner Health System

MedAssets, Inc. (Nasdaq: MDAS) announced that Ochsner Health System in New Orleans, Louisiana, signed an expanded multi-year agreement to include MedAssets’ claims management solution.

Ochsner Health System includes seven hospitals, a sub-acute facility, and 33 health centers located throughout Southeast Louisiana. The original relationship with MedAssets began in 2005 with the implementation of specific supply chain and revenue management solutions.

The MedAssets claims management solution, Xclaim, gained the Category Leader ranking in Revenue Cycle – Claims Management Software in KLAS’ 2007 Best in KLAS Top 20 Report for the second year in a row. Xclaim was originally developed by Xactimed, a company acquired by MedAssets in 2007.

“Managing claims and the corresponding collections is a core responsibility of our division in helping our providers take great care of people,” said Gary Borgstede, system vice president of finance, Ochsner Health System. “MedAssets’ claims management solution has a proven track record for providing control over the claims management process, helping us ensure the integrity of claims resolution and the accuracy of claims reimbursement.”

“Our relationship with Ochsner Health System continues to grow as we listen and respond with solutions to achieve their goals,” stated Rand Ballard, chief operating officer and chief customer officer, MedAssets, Inc. “We have proven to Ochsner that our spend and revenue solutions can deliver quantifiable financial improvements in months, not years. Adding claims management is a key capability to help Ochsner further achieve its revenue integrity and financial goals.”