MedAssets Acquires MD-X Solutions to Further Expand Revenue Cycle Offering

Filed in archive merger and acquisition on July 14, 2007

MedAssets Inc. has recently announced the acquisition of MD-X Solutions, Inc, a leading provider of revenue cycle technology and services to the healthcare industry. The acquisition expands the revenue cycle offering of MedAssets 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.

In May 2007, MedAssets also acquired Texas-based XactiMed, Inc. which offers extensive claims management solutions. The addition of MD-X and XactiMed 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' push into revenue cycle management is to further deliver on its mission to improve healthcare providers' margin and cash flow by solving significant problems in revenue cycle and operating costs management - all through one business partner providing integrated customized program with guaranteed financial improvement.