Standard Register Signs Multi-Year Agreement to Serve MedAssets Supply Chain Systems Customers
12 Avril 2006 - 4:00PM
PR Newswire (US)
Contract valued at $110 million provides document management
services DAYTON, Ohio, April 12 /PRNewswire-FirstCall/ -- Standard
Register (NYSE:SR) announced that it has renewed and expanded its
agreement with MedAssets Supply Chain Systems to provide document
management services. The multi-year contract, valued at $110
million, will provide MedAssets customers with document management
and related services including print on demand and copying
services, e-procurement solutions, patient identification systems,
consulting and design services. "MedAssets Supply Chain Systems has
been very pleased with our ongoing relationship with Standard
Register," stated Nadia LaFlam, director, Administrative Services,
MedAssets Supply Chain Systems. "The company's wide range of
document management services meets an important need for our
healthcare customers, and our continuation of this agreement
indicates a commitment to providing access to high quality products
and services at a discounted rate." Headquartered in Atlanta,
Georgia, MedAssets has 22,000 members nationwide, including
physician offices, clinics, surgery centers, pharmacy providers and
more than 2,000 hospitals. This past year, Standard Register was
named a MedAssets "platinum-level" supplier for its previous year's
performance and criteria that includes superior customer service,
reporting excellence and outstanding corporate stewardship.
"MedAssets is a true business partner who works closely with
Standard Register to identify strategies and solutions that will
benefit its members," said Dave Freshwater, manager of Group
Purchasing Operations for Standard Register. "We are committed to
being a provider in helping MedAssets and its customers achieve the
efficiency, accuracy, security, cost savings and superior patient
care they strive for, while leveraging the technology they need to
make the transition from paper to digital." About Standard Register
Standard Register (NYSE:SR) is a premier document services
provider, trusted by companies to manage the critical documents
they need to thrive in today's competitive climate. Relying on
nearly 100 years of industry expertise, Lean Six Sigma
methodologies and leading technologies, the company helps
organizations increase efficiency, reduce costs, mitigate risks,
grow revenue and meet the challenges of a changing business
landscape. It offers document and label solutions, e-business
solutions, consulting and print supply chain services to help
clients manage documents across their enterprise. More information
is available at http://www.standardregister.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, 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 http://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.
DATASOURCE: Standard Register CONTACT: News media, Julie McEwan,
+1-937-221-1825, or , or Investors, Robert J. Cestelli,
+1-937-221-1304, or , both of Standard Register Web site:
http://www.standardregister.com/ http://www.medassets.com/
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