Cerner, MedAssets announce reseller agreement to increase revenue capture

Cerner Corporation (Nasdaq:CERN) and MedAssets (Nasdaq:MDAS) announced a reseller agreement that increases the interoperability of Cerner's revenue cycle offerings and gives Cerner clients access to a broader suite of solutions to increase revenue capture, accelerate cash flow and reduce administrative costs.

The agreement enables Cerner to market MedAssets' entire suite of web-based revenue cycle technology solutions to enhance its revenue cycle management offerings. Using these solutions, Cerner clients will be able to access a broader suite of revenue cycle solutions to increase revenue capture, accelerate cash flow and improve margins.

"As we continue to expand our revenue cycle capabilities, we recognize the need to partner with companies offering best-in-class web-based applications," said Bill Wing, Cerner vice president, Revenue Cycle. "Next generation revenue cycle solutions will be critical for healthcare providers in an era of healthcare reform and increasing reimbursement complexity. With MedAssets, we are aligning ourselves with a clear leader in web-based revenue cycle technology content and services."

Neil Hunn, MedAssets' chief financial officer and president, revenue cycle technology, commented, "We are looking forward to the opportunity, in partnership with Cerner, to offer a comprehensive suite of revenue cycle solutions that deliver operational and financial improvements for healthcare providers."

MedAssets is exhibiting its revenue cycle management services at the Cerner Health Conference, Oct. 10-12, 2010 in Kansas City, Mo., in the Cerner Solutions Gallery.