MedAssets Inks Agreement for National Hospice Provider, Odyssey HealthCare, to Implement its Revenue Cycle Management Solutions for Business Office Efficiency and Cash Flow Improvement

ATLANTA--(BUSINESS WIRE)--MedAssets (NASDAQ: MDAS) announced today that Dallas-based Odyssey HealthCare, Inc. (NASDAQ: ODSY), one of the largest providers of hospice care in the United States, has signed a multi-year agreement to use MedAssets’ Web-based revenue cycle management solutions to improve cash flow and business office efficiency and to ensure reimbursement integrity.

“MedAssets offered the solutions to meet the needs of our unique business model”

Odyssey HealthCare operates 89 facilities across 30 states. Odyssey selected MedAssets based on the Company’s flexibility to serve a non-acute provider with solutions that drive efficiency. Odyssey will employ MedAssets’ claims management product suite, in addition to its denial management and receivables management solutions.

“MedAssets offered the solutions to meet the needs of our unique business model,” said R. Dirk Allison, Senior Vice President and Chief Financial Officer at Odyssey Health. “By using the MedAssets solutions, we hope to realize additional financial improvement and optimize cash flow along with increased visibility into our revenue cycle functions.”

Rand Ballard, MedAssets’ chief operating officer and chief customer officer, stated, “Our agreement with Odyssey illustrates the flexibility of MedAssets solutions. Our products help drive financial improvement for all types of healthcare organizations, from large integrated delivery networks to non-acute providers like Odyssey with facilities spread across the country.”

About Odyssey Health

Based in Dallas, Texas, Odyssey HealthCare (NASDAQ: ODSY) is one of the largest providers of hospice care in the country in terms of both average daily patient census and number of locations. Odyssey seeks to improve the quality of life of terminally ill patients and their families by providing care directed at managing pain and other discomforting symptoms and by addressing the psychosocial and spiritual needs of patients and their families.

About MedAssets

MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing integrated spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, 3,300 hospitals and 40,000 non-acute care healthcare providers. For more information, go to www.medassets.com.

MDAS/B