Cerner Signs Reseller Agreement With MedAssets
October 11 2010 - 6:00PM
Cerner Corporation (Nasdaq:CERN) and MedAssets (Nasdaq:MDAS)
announced a reseller agreement that increases the interoperability
of Cerner's revenue cycle offerings and gives Cerner clients access
to a broader suite of solutions to increase revenue capture,
accelerate cash flow and reduce administrative costs.
The agreement enables Cerner to market MedAssets' entire suite
of web-based revenue cycle technology solutions to enhance its
revenue cycle management offerings. Using these solutions, Cerner
clients will be able to access a broader suite of revenue cycle
solutions to increase revenue capture, accelerate cash flow and
improve margins.
"As we continue to expand our revenue cycle capabilities, we
recognize the need to partner with companies offering best-in-class
web-based applications," said Bill Wing, Cerner vice president,
Revenue Cycle. "Next generation revenue cycle solutions will
be critical for healthcare providers in an era of healthcare reform
and increasing reimbursement complexity. With MedAssets, we
are aligning ourselves with a clear leader in web-based revenue
cycle technology content and services."
Neil Hunn, MedAssets' chief financial officer and president,
revenue cycle technology, commented, "We are looking forward to the
opportunity, in partnership with Cerner, to offer a comprehensive
suite of revenue cycle solutions that deliver operational and
financial improvements for healthcare providers."
MedAssets is exhibiting its revenue cycle management services at
the Cerner Health Conference, Oct. 10-12, 2010 in Kansas City, Mo.,
in the Cerner Solutions Gallery.
About Cerner
Cerner is transforming healthcare by eliminating error, variance
and waste for healthcare providers and consumers around the world.
Cerner® solutions optimize processes for healthcare organizations
ranging in size from single-doctor practices, to health systems, to
entire countries, for the pharmaceutical and medical device
industries, employer health and wellness services industry and for
the healthcare commerce system. These solutions are licensed by
more than 8,500 facilities around the world, including
approximately 2,300 hospitals; 3,400 physician practices covering
more than 30,000 physicians; 600 ambulatory facilities, such as
laboratories, ambulatory centers, cardiac facilities, radiology
clinics and surgery centers; 700 home-health facilities; and 1,500
retail pharmacies. The trademarks, service marks and logos
(collectively, the "Marks") set forth herein are registered and
unregistered trademarks and/or service marks owned by Cerner
Corporation and/or its subsidiaries in the United States and
certain other countries throughout the world. (Nasdaq:CERN). For
more information about Cerner, please visit www.cerner.com,
Twitter, Facebook, and YouTube .
About MedAssets
MedAssets partners with healthcare providers to improve
financial strength by implementing spend management and revenue
cycle management 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 healthcare
providers. For more information, go to www.medassets.com.
CONTACT: Cerner Corporation
Media Contact:
Kelly Johnson
(816) 777-8466
kelly.johnson@cerner.com
Investors Contact:
Allan Kells
(816) 201-2445
akells@cerner.com
MedAssets
Robert Borchert
(678) 248-8194
rborchert@medassets.com
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