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Lakeland Regional Medical Center Expands Relationship With MedAssets for Advisory Solutions to Align Costs With Clinical Outcomes

ATLANTA, Feb. 3, 2015 (GLOBE NEWSWIRE) -- MedAssets (Nasdaq:MDAS) today announced that Lakeland Regional Medical Center (LRMC), an 850-bed health system headquartered in Lakeland, Fla., has signed a multi-year agreement in pursuit of enhanced cost savings.

Enhanced Collaboration, Robust Analytics to Yield Clinically Integrated Supply Chain

In addition to national sourcing strategies, the use of the company's proprietary ecommerce platform will serve to improve visibility into supply contract compliance and optimize contract utilization so that LRMC will be better equipped to predict, identify and capture savings opportunities. Specific MedAssets solutions used in the engagement include Strategic Sourcing, Procure-to-Pay Solutions, Clinical Resource Management and Cost and Operational Analytics tools.

About Lakeland Regional Medical Center

Lakeland Regional Medical Center is a full service medical center and health system. As an 851-bed not-for-profit medical center, Lakeland Regional Medical Center (LRMC) is the fifth largest hospital in the state of Florida. A comprehensive tertiary referral hospital, LRMC operates a Level II Trauma Center, a Level II Neonatal Intensive Care Unit, and the state's busiest single-site Emergency Department. LRMC treats over 1,300 trauma visits annually and holds accreditation as a Primary Stroke Center. For more information, please visit www.lrmc.com.

About MedAssets

MedAssets (Nasdaq:MDAS) is a healthcare performance improvement company focused on helping providers realize financial and operational gains so that they can sustainably serve the needs of their community. More than 4,400 hospitals and 122,000 non-acute healthcare providers currently use the company's evidence-based solutions, best practice processes and analytics to help reduce the total cost of care, enhance operational efficiency, align clinical delivery, and improve revenue performance across the care continuum. For more information, please visit www.medassets.com.

MDAS/B

CONTACT: Media Contact: Nicole Spinuzzi 678.966.2665 nspinuzzi@medassets.com Investor Contact: Robert Borchert 678.248.8194 rborchert@medassets.com

Source:MedAssets