Medassist Recognized As Leading Provider of Revenue Cycle Management Services By Klas Survey

Louisville, KY. – MedAssist, Incorporated, a Firstsource company and leader in revenue cycle management solutions, announced today they were ranked second among organizations providing extended business office services in a recent report titled "Revenue Cycle Services: From the Extended Business Office to Transformational Services.”  The ranking was conducted by KLAS, a research firm specializing in monitoring and reporting the performance of healthcare vendors.

The report examines the performance of consulting firms that offer extended business office (EBO) services, revenue cycle transformations and full revenue cycle outsourcing. KLAS utilized both performance data and interviews with buyers to determine the rankings. MedAssist was specifically praised by community and mid-sized hospitals for providing high-performing EBO and for its reputation for deep industry knowledge on the collections side.

“It is an honor to receive such high accolades from our clients and leading authorities within the healthcare industry,” said Michael Shea, president of global healthcare solutions, CEO North America for Firstsource. “This acknowledgement is a true testament to MedAssist’s commitment to providing hospitals with increasing value through our revenue cycle management solutions that are designed to maximize profitability.”

MedAssist ranked second – with a narrow margin – behind number one Perot Systems, and was among a select group of the most influential leaders in the EBO sector.  In addition, MedAssist was one of the only transaction-based organizations to be highly ranked by the KLAS study.  To learn more about the report or to purchase a full copy, healthcare providers and vendors can visit www.KLASresearch.com/reports.

About KLAS
KLAS is a research firm specializing in monitoring and reporting the performance of healthcare vendors. KLAS’ mission is to improve delivery, by independently measuring vendor performance for the benefit of our healthcare provider partners, consultants, investors and vendors. Working together with executives from more than 4,500 hospitals and over 2,500 clinics, KLAS delivers timely reports, trends and statistics, which provide a solid overview of vendor performance in the industry. KLAS measures the performance of software, professional services and medical equipment vendors. For more information, go to www.KLASresearch.com, email marketing@KLASresearch.com or call 1-800-920-4109 to speak with a KLAS representative.

About MedAssist
MedAssist, Incorporated, a Firstsource Company, is one of the nation’s premier providers of eligibility and revenue cycle management solutions. Recognized as an industry leader in delivering the professional excellence required for success, MedAssist’s comprehensive suite of innovative, technology-driven services includes Medicaid eligibility, account receivables solutions, business office outsourcing and collection services. MedAssist utilizes a proven operational strategy, focused on social services and a commitment to treating every patient

with dignity, compassion and respect, while improving cash flow, maximizing reimbursement and reducing bad debt for healthcare providers nationwide. All of MedAssist’s major service lines are certified by the Healthcare Financial Management Association’s (HFMA’s) Peer Review Process. (www.medassist.biz).

About Firstsource
Firstsource (NSE: FSL, BSE: 532809, Reuters: FISO.BO, Bloomberg: FSOL@IN) is a leading global BPO (business process outsourcing) service provider headquartered in India. Firstsource provides customized business process management to global leaders in the Banking & Financial Services, Telecom & Media and Healthcare sectors. Its clients include Fortune 500 and FTSE 100 companies. Firstsource has a global delivery model with operations in India, U.S., UK, Argentina and Philippines. (www.firstsource.com).