Healthcare Industry News:  Radiometer 

Devices Group Purchasing

 News Release - May 1, 2006

Radiometer America Signs Blood Gas Agreement With MedAssets Supply Chain Systems

WESTLAKE, Ohio, May 1 (HSMN NewsFeed) -- Radiometer America Inc. has signed an agreement with MedAssets Supply Chain Systems to provide its blood gas instruments and related products and services to MedAssets' customers. The multi-year contract continues a longstanding relationship between Radiometer America and MedAssets Supply Chain Systems.

MedAssets Supply Chain Systems' customers may choose from Radiometer's comprehensive line of laboratory and point-of-care blood gas analyzers, consumables and accessories, as well as a broad array of services.

"We are pleased to have another opportunity to supply MedAssets customers with Radiometer's innovative products and services," said Lynda Banig, president of Radiometer America. "Hospitals will have access to Radiometer's total testing solutions, which include world-class instrumentation backed by the most comprehensive service packages in the industry."

Radiometer offers complete analyzer solutions built on its 1st automatic blood gas analysis system. 1st automatic combines advanced IT and automation to seamlessly integrate all phases of the analytical process. The system is designed to help hospitals meet regulatory requirements for patient and caregiver safety while improving turnaround and eliminating errors.

Radiometer's individualized solutions include training and support services delivered by the company's nationwide network of technical, clinical and regulatory experts.

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 organizations 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 Radiometer

Radiometer is a world leader in the development, manufacture and distribution of technologically advanced diagnostic testing systems for acute care. The company offers complete solutions to the complex process of acute care testing through the use of innovative instrumentation, sampling products and information technology, supported by world-class clinical, regulatory and technical support. Radiometer's acute care testing solutions meet the needs of both the traditional central laboratory and the increasing number of point-of- care sites in today's hospital environment. (www.Radiometeramerica.com)


Source: Radiometer America

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