ATLANTA, Mar 09, 2010 (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.
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.”