Sisters of Mercy Health System Chooses MedAssets Net Revenue Systems for Chargemaster Management and Workflow Management Tools

Business Wire, April 3, 2006

ATLANTA -- MedAssets Net Revenue Systems announced today that it has entered into a multi-year agreement to implement tools for chargemaster monitoring and maintenance and workflow management in 15 Sisters of Mercy Health System (Mercy) facilities. Implementation of these revenue cycle tools is expected to enhance chargemaster compliance, assist in standardization efforts, and improve efficiencies in operations for management of the Mercy Revenue Management consolidated chargemaster function, which will be rolled out to facilities this year.

Mercy, based in Chesterfield, Missouri, consists of 18 acute care hospitals, a heart hospital, outpatient care facilities, physician practices, skilled nursing and long-term residential care facilities, clinics, a managed care organization and other health-related services. Today, Mercy operates facilities and services in a seven-state area encompassing Arkansas, Kansas, Louisiana, Mississippi, Missouri, Oklahoma and Texas.

"We decided to move forward with MedAssets' tool, BPI.Net, in order to maintain the accuracy of our hospitals' chargemasters and develop consistency in charging throughout our facilities," said Russ Reiter, director of revenue management for Mercy. "In addition, MedAssets' work flow management tool, TaskMaster, will automate and track the distribution and completion of tasks associated with changes to the chargemaster."

MedAssets' suite of tools, including BPI.Net, CCA.Net, CRM.Net, DPM and KnowledgeMaster, have all earned Peer Reviewed status from the Healthcare Financial Management Association (HFMA). HFMA's Peer Review Process is a due diligence program that is one of the most respected and comprehensive in the healthcare finance industry. The Peer Review label allows healthcare providers to make purchasing decisions with confidence knowing that a team of qualified peers have pre-determined a product's effectiveness, quality and usability, price and value, and a high level of customer and technical support.

"MedAssets Net Revenue Systems' goal is to help our customers increase cash flow from existing operations," stated David Evans, senior vice president, MedAssets Net Revenue Systems. "Our suite of tools automates very time consuming and complex tasks and produces action reports that assist revenue cycle staff in maintaining clean charge data resulting in correct revenues for the hospital."

For more information about MedAssets Net Revenue Systems' suite of tools, visit www.medassets.com.

About MedAssets

MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers' margin and cash flow through revenue cycle and supply chain initiatives and decision support technology and services. 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 %. 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. MedAssets Net Revenue Systems also offers denials management and a tool to link supply cost data with charge data. MedAssets Supply Chain Systems is one of the fastest growing group purchasing organization 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. The newly formed MedAssets Analytical Systems offers supply chain analytics and decision support tools while clinical and operational consulting services are provided through MedAssets' subsidiary, Aspen Healthcare Metrics. Avega Health Systems, a subsidiary of MedAssets, ranked "Best in KLAS" in Business Decision Support - KLAS Enterprises, LLC 2005. For more information about MedAssets go to www.medassets.com or contact Gary Johnson, corporate senior vice president of Marketing and Marketing Services, 100 North Point Center East, Suite 200, Alpharetta, GA 30022.

About Sisters of Mercy Health System

The Sisters of Mercy Health System (Mercy) was established in 1986 to serve as the parent corporation of a variety of health care facilities and services sponsored by the Sisters of Mercy of the St. Louis Regional Community. Mercy consists of 18 acute care hospitals, a heart hospital, outpatient care facilities, physician practices, skilled nursing and long-term residential care facilities, clinics, a managed care organization and other health-related services. Mercy is the 9th largest Catholic healthcare system in the U.S., based on net patient service revenue.

Today, Mercy operates facilities and services in a seven-state area encompassing Arkansas, Kansas, Louisiana, Mississippi, Missouri, Oklahoma and Texas. Health System services are provided by approximately 26,000 co-workers and 3,100 physicians.