Advocate Health Care and MedAssets Renew Relationship to Build Upon Sustainable Cost Reduction Strategies

Chicagoland’s largest health system continues to optimize cost management performance with clinically-integrated supply chain

ATLANTA--()--MedAssets (NASDAQ: MDAS) today announced that Advocate Health Care (Advocate), a 12-hospital, 3,300-bed health system based in Downers Grove, Ill., renewed its performance improvement relationship with MedAssets to drive sustainable cost reductions, improve operational efficiencies and ultimately, the standard of care. The renewal builds upon Advocate’s recent success in total cost management initiatives including MedAssets Strategic Sourcing, Capital and Construction, Procure-to-Pay solutions and Cost Analytics.

“Our health system continues to invest in our partnership with MedAssets to help us control costs and improve quality so that our patients can receive optimal care,” said Tom Lubotsky, vice president, Supply Chain and Clinical Resource Management, Advocate Health Care. “We have truly transformed our organization, moving from traditional methods of improving financial performance to becoming a progressive supply chain that operates even more closely with our physicians to improve the clinical effectiveness of our acquired products, technologies, equipment and services. We have an effective approach for lowering costs, improving efficiency and quality of care, and that’s what matters most to our community.”

Innovation Drives Strategic Cost Management Approach

“Improving the standard of care begins with establishing a sustainable cost structure,” said John Bardis, chairman, president and chief executive officer, MedAssets. “As healthcare continues to fundamentally change, healthcare providers, like Advocate, are focused on innovative cost reduction strategies that can lead to a clinically-integrated supply chain. As the leading healthcare performance improvement company, we are dedicated to helping our clients connect the dots between price, resource utilization and care quality to sustain measurable results. We are honored that Advocate Health Care continues to entrust our expertise and technology-enabled solutions, and we look forward to continuing our partnership to make their care resources more efficient and effective.”

About Advocate Health Care

Advocate Health Care, named among the nation’s Top 5 largest health systems based on quality by Truven Analytics, is the largest health system in Illinois and one of the largest health care providers in the Midwest. Advocate operates more than 250 sites of care, including 13 hospitals that encompass 12 acute care hospitals, the state’s largest integrated children’s network, five Level I trauma centers (the state’s highest designation in trauma care), three Level II trauma centers, one of the area’s largest home health care companies and one of the region’s largest medical groups. Advocate Health Care trains more primary care physicians and residents at its four teaching hospitals than any other health system in the state. As a not-for-profit, mission-based health system affiliated with the Evangelical Lutheran Church in America and the United Church of Christ, Advocate contributed $614 million in charitable care and services to communities across Chicagoland and Central Illinois in 2012. For more information, please visit www.advocatehealth.com.

About MedAssets

MedAssets (NASDAQ: MDAS) is a healthcare performance improvement company focused on helping providers realize financial and operational gains so that they can sustainably serve the needs of their community. More than 4,200 hospitals and 122,000 non-acute healthcare providers currently use the company's evidence-based solutions, best practice processes and analytics to help reduce the total cost of care, enhance operational efficiency, align clinical delivery, and improve revenue performance across the care continuum. For more information, please visit www.medassets.com.

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Contacts

MedAssets
Media Contact:
Robin Wrinn, 678-624-7420
rwrinn@medassets.com
or
Investor Contact:
Robert Borchert, 678-248-8194
rborchert@medassets.com

Release Summary

Advocate Health Care and MedAssets (NASDAQ: MDAS) Renew Relationship to Build Upon Sustainable Cost Reduction Strategies

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Contacts

MedAssets
Media Contact:
Robin Wrinn, 678-624-7420
rwrinn@medassets.com
or
Investor Contact:
Robert Borchert, 678-248-8194
rborchert@medassets.com