Aug 24 2010
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.
“MedAssets has been a vital part of our strategy to improve our financial performance”
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."