MedAssets' Fifth Annual Technology and Innovation Summit to Focus on Identifying Emerging Technology Vendors; Successful Event for Discovering Innovative Vendors of Medical Technology Returns.

ATLANTA -- MedAssets Supply Chain Systems announced today the fifth annual Technology and Innovation Summit to be held in St. Louis, Missouri on September 21. The Summit is one of several MedAssets efforts to encourage the availability of innovative products and new medical technology in the marketplace. This year's event will focus on identifying and inviting emerging medical technology vendors to present their products for review. Approximately 50 prospective vendors will display products and services for review by 100 MedAssets' committee members. Vendors are given equal opportunity for review regardless of size and scope of services and are selected to participate in the Summit by considering customer suggestions, vendor requests to participate, and recommendations by MedAssets' staff with in-depth industry knowledge. Non-contracted vendors offering breakthrough products expected to improve patient care, labor and cost efficiency are first to be considered. MedAssets' customers are given the opportunity to review new technology and have direct input into the makeup of their group purchasing portfolio. Small and emerging vendors have the same chance to be awarded a national agreement as do larger companies.

"The MedAssets Technology and Innovation Summit differs from other similar events in the industry in that vendors currently not under contract with MedAssets are invited to attend and be evaluated by members," stated Joseph Dysko, executive director, Engineering and Capital Resource Group, MedAssets. "We believe this approach provides a level playing field for all companies with innovative products, and allows our members to have access to products and services that can positively impact the quality of patient care."

As a result of the 2005 Technology and Innovation Summit in which 48 prospective vendors presented products to 95 MedAssets committee members, eight contracts were awarded and 16 are currently in process. Several unique agreements resulting from past Summits include Pulse Oximetry offered by Masimo; Natus' newborn hearing screening; ONI's extremity MRI unit; Hovertech's Patient Handling System; Temporal Artery Thermometry from Exergen; and Stentor's PACS system.

"The Summit reflects the customer driven processes that MedAssets embraces," stated Dan James, president, MedAssets Supply Chain Systems. "It is imperative that our customers have the opportunity to evaluate and recommend meaningful technology to improve quality and cost of care in their facilities."

MedAssets Supply Chain Systems invites prospective vendors to be considered for a MedAssets contract throughout the year by completing a prospective vendor form found on the MedAssets website. To view the prospective vendor form, visit www.medassets.com/SupplyChain/Vendors/Prospective+Vendor+Form.htm.

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 defensible pricing, 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.