MedAssets to Acquire MD-X Solutions, Expand Revenue Cycle Suite Offering

MedAssets, Inc. and MD-X Solutions, Inc. announced today they have entered into an agreement whereby MedAssets will acquire MD-X, a leading provider of revenue cycle technology and services to the healthcare industry. The agreement, which is expected to be finalized in July, will expand the offering of MedAssets Net Revenue Systems to include broad solutions for Business Office outsourcing, comprehensive Denials Management software and services, HIM compliant documentation, Point-of-Service collections improvement, and “Silent PPO” Discount Recovery.

Based in Mahwah, New Jersey, MD-X offers web-based tools for:

• Accounts Receivable & Denials Management Workflow Technology,
• Cash and 835 Allowance Posting, Mapping and Reconciliation,
• Concurrent Review and Case Management,
• Coding Clarification and Optimization,
• Risk Management Tracking and Reporting,
• Infectious Disease Tracking and Reporting,
• Quality and Core Measures Tracking and Reporting,
• Patient Access process improvement
• Dynamic Business Intelligence Reports across all MD-X applications.

“The goals and values of MD-X are consistent with those of MedAssets and enhance our efforts to help providers improve their financial performance,” said John Bardis, chairman, president and CEO, MedAssets, Inc. “MD-X’s capabilities are a great addition to the existing MedAssets Net Revenue Systems offerings and recently acquired XactiMed’s revenue cycle solutions. We will be able to help solve healthcare providers’ revenue cycle challenges more effectively by taking on the accountability for the results as a single business partner.”

The addition of MD-X’s solutions to the MedAssets Net Revenue Systems’ portfolio will offer an expanded suite of technologies and services to improve the integrity of hospital revenue cycle processes so that hospitals are paid fairly for services provided, and in a timely manner. MedAssets’ current revenue cycle offerings include chargemaster management, charge capture auditing, defensible pricing, as well as supply item file and chargemaster linkage. In May 2007, MedAssets also acquired Texas-based XactiMed, Inc. which offers extensive claims management solutions.

“As a part of MedAssets Net Revenue Systems team, we will be extremely well positioned to offer both new and existing customers a full complement of software and service solutions across the revenue cycle,” stated Joseph H. Davi, President, MD-X Solutions, Inc. “MedAssets customer-oriented culture coupled with their commitment to building the premiere, integrated revenue cycle platform in the healthcare industry represent a perfect strategic fit for our company and our clients.”

“MedAssets’ growth through acquisition not only strengthens individual business segments such as revenue cycle management, but further equips our company to deliver value to our customers through innovation of new solutions across business units,” continued Bardis. “New tools such as CrossWalk®, our technology that links supply chain and revenue cycle, are possible because experts from different areas of our business are constantly working together to identify unmet needs and innovate solutions previously unavailable in the market.”