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Standard Register and MedAssets(R) Supply Chain Systems Sign Agreement to Assist Hospitals in Making a Smooth Transition to Electronic Medical Records

Monday 14. January 2008 - Standard Register (NYSE:SR), a leading provider of document and print management services for healthcare, announced it has signed an agreement with MedAssets Supply Chain Systems to provide acute care facilities with assistance in streamlining their document workflow and transitioning to electronic medical records (EMR). MedAssets Supply Chain Systems is a wholly owned subsidiary of MedAssets, Inc. (NASDAQ: MDAS).

“EMR offers healthcare providers the means to improve the quality of care while significantly reducing costs and shortening the revenue cycle,” said Terrilynn Cunningham, Vice President of Executive Services for MedAssets Supply Chain Systems. “By collaborating with Standard Register, we can help clients build a solid foundation for EMR and realize the full benefits from their technology investments more quickly.”

The need for EMR readiness services was underlined in a study conducted by the Boston-based Medical Records Institute between May and July 2007. In this annual survey, which gauges attitudes and opinions about healthcare information technology (IT), 52 percent of respondents said that improving clinical processes and workflow efficiency was a top strategic priority in IT.

The Standard Register agreement will give MedAssets’ clients assistance in auditing, standardizing and streamlining their documents and processes, addressing all document requirements including content, access and control. The EMR readiness team develops a roadmap for migrating documents to EMR, in addition to providing guidance in managing workflow in an environment where paper and digital documents co-exist.

Standard Register has had a 33-year relationship with MedAssets Supply Chain Systems, providing document management services and supplies. It was Standard Register’s success in assisting healthcare providers, such as Southeastern Regional Medical Center of Lumberton, NC, move to EMR that led MedAssets to engage the company’s EMR readiness services.

“We’re pleased to expand our relationship with the MedAssets organization,” said Dennis Rediker, CEO for Standard Register. “Together, we have the opportunity to transform processes for MedAssets healthcare providers and pave the way to better patient care and operating efficiencies.”