MedAssets Implements Matching Donation Program to Support Ochsner Clinic Foundation

Business Wire, Sept 6, 2005

ATLANTA -- MedAssets, a healthcare revenue and supply chain management company, has organized a donation program offering matching funds up to a total of $100,000 for contributions made to Ochsner Clinic Foundation in New Orleans.

Since Hurricane Katrina struck New Orleans, Ochsner Clinic Foundation has been striving to provide patient care and keep the emergency room doors open.

Although Ochsner has a strategically sound emergency preparedness plan in place, the tremendous patient load created by the disaster and continuing operational challenges have left the acute care facility in need of diminishing resources such as fuel for generators and food supplies.

"Ochsner is not only treating patients without running water, power or a normal inventory of medical supplies, but they are also feeding displaced hurricane victims who have nowhere else to go," said John Bardis, chairman, president, and CEO of MedAssets. "The need for support is great, and MedAssets will continue to assess the situation to ensure Ochsner has the appropriate resources to continue operations throughout this ordeal. We will increase the match as the need arises."

To make a donation that will be matched by MedAssets, please send your check made payable to Ochsner Clinic Foundation to:

MedAssets

Attn: Wayne Clark - VP Administration

100 North Point Center East, Suite 200

Alpharetta, GA 30022

About Ochsner Clinic Foundation

Ochsner Clinic Foundation is not-for-profit, integrated health care delivery system, with a 478-bed acute care hospital, a 13,000-member fitness center, and a 71 bed-sub acute care facility. Ochsner employs over 600 physicians in nearly 70 medical specialties. Ochsner offers services in over 24 locations throughout Southeast Louisiana. For more information, visit www.ochsner.org.

About MedAssets

MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers' margin and cash flow through revenue cycle and supply chain initiatives. As a strategic business partner, MedAssets can replace multiple vendors and decrease supply costs by 3-10 % and increase net patient revenue by 1-3 %. Proprietary information technology is used to work with and improve existing IT assets and work processes. MedAssets, through its revenue cycle subsidiary MedAssets Net Revenue Systems, provides best-of-breed revenue solutions including strategic pricing, pre-bill charge capturing, and ongoing chargemaster management tools, all of which have been Peer Reviewed by the Healthcare Financial Management Association. In addition, MedAssets offers technology enabled denials management, and the only technology enabled system that links supply cost data with charge data to ensure accurate charges and defendable markups for all patient identifiable supplies, including costly medical devices. MedAssets, through its supply chain subsidiary MedAssets Supply Chain Systems, operates the fastest growing group purchasing organization and supply chain services company in the U.S. and builds customized solutions encompassing procurement of common medical supplies, pharmaceuticals, physician preference supplies, food and nutrition items, and capital equipment.