MedAssets Net Revenue Systems to Provide Revenue Cycle Management Solutions to Tenet

MedAssets Net Revenue Systems announced today a new agreement with Tenet Healthcare Corporation to provide Defensible Price Modeling services for 43 hospitals. MedAssets will also conduct Charge Capture Auditing services for ten Tenet facilities to identify opportunities for improvement in charge capture processes and increases in net revenue. The agreement is effective July, 2006.

MedAssets? Defensible Price Modeling service and accompanying technology, CRM.Net, ensure the defensibility of hospital charges through market comparisons, examination of charge-to-cost relationships, and an analysis of the impact of pricing changes on net revenue.

?MedAssets Net Revenue Systems will assist Tenet in ensuring that charges for services delivered are rational and reasonable in their respective communities,? said Kate Banks, senior vice president, MedAssets Net Revenue Systems. ?Utilizing MedAssets? customized local and regional benchmarks allows each facility in various parts of the country to compare their pricing with similar providers in their area.?

The charge capture audit process in ten Tenet facilities will review 100% of the itemized bills for a specified period of time to flag potential missed charges, identify overcharges, and reclaim missed net revenue.

?In order to improve patient satisfaction and ensure accurate reimbursements, MedAssets Net Revenue Systems will analyze Tenet?s charge capture process,? continued Banks. ?Performing this review will highlight sources of potential errors in patient bills, so Tenet facilities can correct business processes and eliminate potential billing issues.?

?Our relationship with Tenet Healthcare Corporation is an excellent example of the flexibility and customization of services offered by MedAssets,? stated Rand Ballard, chief operating officer, MedAssets, Inc. ?By tailoring our net revenue solutions to meet the needs of selected facilities, we can focus on the most relevant issues for individual hospitals for the maximum impact to operations.?