ATLANTA, Jul 24, 2009 - Westchester Medical Center (WMC) and MedAssets, Inc. (NASDAQ: MDAS) today announced a long-term agreement to help significantly lower supply cost and improve efficiencies at the 635-bed academic medical center in Valhalla, N.Y.

"As our strategic supply chain partner, MedAssets will be working closely with staff and physicians from across the organization to help us manage and reduce our costs while putting in place improved efficiencies," said WMC President and CEO Michael D. Israel. "This new partnership and the savings it will garner are particularly important to the Medical Center as we continue to address a significant reduction in reimbursement from New York State for care we provide under the Medicaid program."

Israel said that the Medical Center's broader focus in addressing the reduced reimbursements and other impacts of the nation's economic crisis is on controlling costs, including WMC's $125 million annual supply expense, as well as organization-wide throughput, patient volume and other revenue enhancement initiatives.

The new multi-year partnership includes group purchasing (GPO) services with access to a comprehensive contract portfolio of quality, cost-effective commodity medical products and supplies. In addition, MedAssets' industry-leading physician preference item process allows for greater collaboration between WMC medical, clinical and administrative staff to reduce costs on high-expense implantable medical devices and supplies. Through the partnership, WMC will also access MedAssets' state-of-the-art business intelligence and analytics technology to drive supply chain management savings and efficiency.

"MedAssets is pleased to assist Westchester Medical Center in developing a proactive, sustainable approach to control supply costs and implement best practice processes," said Rand Ballard, chief customer officer and chief operating officer, MedAssets. "We look forward to helping Westchester Medical Center improve its efficiencies and lower supply chain costs which will lead to additional financial improvement, especially in light of Medicaid reimbursement reductions it is currently facing."

About MedAssets
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, 3,300 hospitals and 30,000 non-acute care healthcare providers. For more information, go to www.medassets.com.

About Westchester Medical Center
Spanning every adult and pediatric medical specialty, Westchester Medical Center serves as a lifeline to the more than 3.5 million people in the Hudson Valley region and beyond.Well-known for its advanced medical care in trauma and burn, heart, cancer, transplant, neuroscience and pediatrics, community hospitals within a 5,000-square-mile range send their most difficult cases to this advanced-care, academic medical center.