Improved its financial performance by $12 million

Using Contract Management and Decision Support analytics tools from MedAssets, Fletcher Allen Health Care improved its financial performance by approximately $12 million in 2008 through better management of its managed care payors. The tools have assisted the hospital in securing $8.3 million in new cash flow from more favorable contract negotiations based on thorough contract analysis that identified project variances. In addition, the Company’s Contract Management tool helped the hospital identify and collect $3.7 million in payor underpayments by identifying and validating discrepancies between contract terms and actual payor payments. (Todd Moore, Vice President, Revenue Cycle, Fletcher Allen Health Care.)