Beaufort Memorial Hospital Signs with MedAssets for Revenue Cycle and Supply Chain Solutions.

ATLANTA -- MedAssets announced today that Beaufort Memorial Hospital, based in Beaufort, South Carolina, has signed an agreement for revenue cycle and supply chain solutions. Beaufort Memorial, formerly an affiliate of Premier, has a total supply spend of $23 million and net patient revenue of $124 million. The multi-year agreement was effective March 1, 2006 and guarantees cost savings, increased net patient revenue, and improved cash flow.

Beaufort Memorial Hospital has been named one of the nation's Most Wired hospitals for the third straight year, ranking among some of the country's most advanced health systems. The "Most Wired" hospitals were selected based on the Most Wired Survey and Benchmarking Study conducted by Hospitals and Health Networks magazine and representing 1,255 hospitals nationwide.

Through the new agreement, MedAssets Supply Chain Systems will provide access to a comprehensive contract portfolio. Beaufort Memorial will also engage the services of MedAssets Analytical Systems for data cleansing of the supply item file and advanced supply chain analytics technology.

MedAssets Net Revenue Systems will provide a comparative rate modeling service and leave-behind web based tool, CRM.Net, which will assist Beaufort Memorial Hospital in implementing competitive and defensible pricing. CRM.Net, a product that has received Peer Reviewed status from the Healthcare Financial Management Association, utilizes market-specific pricing benchmarks and hospital-specific contracts for strategic pricing management.

Additionally, through MedAssets' strategic business partner, Chamberlin Edmonds, Beaufort Memorial will gain assistance with the hospital's uninsured, underinsured and indigent patients. Chamberlin Edmonds will assist these patients in applying for Supplemental Security Income and Social Security Disability Insurance. Chamberlin Edmonds will provide its services to patients for free on behalf of the 197-bed hospital. Accepted applicants can gain federal funding for hospital bills, food and shelter. Chamberlin Edmonds services help hospitals recover losses from indigent care, decrease reliance on community funding and generate direct patient benefits.

"Our facility is very interested in using technology to improve business processes," said Jeff White, chief financial officer, Beaufort Memorial Hospital. "MedAssets offers very strong supply chain technology and services that will increase transparency and reduce costs in our supply chain operations. Combined with their revenue cycle technology and solutions, MedAssets offered us a complete package that promises improved cash flow from existing operations."

"It is an outstanding achievement for Beaufort Memorial to have been named one of the nation's 'Most Wired' hospitals," stated Rand Ballard, chief operating officer, MedAssets, Inc. "We believe that by utilizing MedAssets' supply chain and revenue cycle technology, Beaufort Memorial has continued to strengthen its technology base and will ultimately improve their financial health."

For more information about MedAssets, visit www.medassets.com.

About MedAssets

MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers' margin and cash flow through revenue cycle and supply chain initiatives as well as decision support technology and services. As a strategic business partner, MedAssets can replace multiple vendors and decrease supply costs by 3-10 % and increase net patient revenue by 1-3 %. MedAssets Net Revenue Systems provides best-of-breed revenue solutions including strategic pricing, pre-bill charge capturing, and ongoing chargemaster management tools, all of which have been Peer Reviewed by the Healthcare Financial Management Association. MedAssets Net Revenue Systems also offers denials management and a tool to link supply cost data with charge data. MedAssets Supply Chain Systems is one of the fastest growing group purchasing organization in the U.S. and builds customized solutions encompassing procurement of common medical supplies, pharmaceuticals, physician preference supplies, food and nutrition items, and capital equipment. The newly formed MedAssets Analytical Systems offers supply chain analytics and decision support tools while clinical and operational consulting services are provided through MedAssets' subsidiary, Aspen Healthcare Metrics. Avega Health Systems, a subsidiary of MedAssets, ranked "Best in KLAS" in Business Decision Support - KLAS Enterprises, LLC 2005. For more information about MedAssets go to www.medassets.com or contact Gary Johnson, corporate senior vice president of Marketing and Marketing Services, 100 North Point Center East, Suite 200, Alpharetta, GA 30022.

About Beaufort Memorial Hospital

Beaufort Memorial Hospital, opened in 1944, is licensed for 197 beds (169 acute, 14 rehab and 14 mental health) and is an affiliate of Duke University Health System. It is fully accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO) and boasts a quality medical staff of more than 150 board-certified or board-eligible physicians. The largest hospital between Savannah, Ga. and Charleston, S.C., Beaufort Memorial Hospital is situated on the Atlantic Intercoastal Waterway and is one of the few hospitals in the country with its own emergency dock.

About Chamberlin Edmonds

Headquartered in Atlanta, Georgia, Chamberlin Edmonds serves as patient advocates and provides revenue recovery services to hospitals and governments nationwide. The company guides disabled patients through complex application processes to obtain benefits from federal, state and community programs. Chamberlin Edmonds has over 20 years of experience with 11 regional offices in the U.S. and more than 600 employees. Please visit www.chamberlinedmonds.com to learn more.