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MedQuist and MedAssets Sign Multi-Year Contract for Clinical Documentation Workflow Solutions

MOUNT LAUREL, N.J., Oct. 2 /PRNewswire-FirstCall/ -- MedQuist Inc. (Pink Sheets: MEDQ) announces that it has signed a multi-year agreement with MedAssets Supply Chain Systems, one of the nation's largest group purchasing organizations, renewing the relationship with MedAssets and allowing them to complete the MedQuist suite of voice capture, speech recognition and clinical documentation solutions.

As partners, MedAssets and MedQuist will collaborate to provide innovative technologies and leading-edge services resulting in margin and cash flow improvements to MedAssets customers nationwide. According to Terrilynn E. Cunningham, MHA, MedAssets vice president, Executive Services, "We are pleased to continue having one of the world's largest clinical documentation workflow company join with us to address the problem of rising supply costs for our member facilities. With MedQuist's nationwide sales and service force, our members will be able to contract for services by leveraging our national agreement."

"We are delighted that MedAssets has selected MedQuist to provide its customers with our portfolio of offerings to improve their clinical documentation workflow," says Scott Bennett, MedQuist senior vice president of Sales and Marketing. "MedAssets is focused on partnerships and value-add. They have demonstrated the desire to work as business partners to find a win-win solution for all of the parties involved."

About MedAssets

MedAssets Supply Chain Systems partners with healthcare providers to improve operating margins and cash flow while supporting quality of care goals. MedAssets implements integrated solutions to address the greatest opportunities for financial and process improvement and drives performance in revenue cycle, supply chain and clinical service line management. MedAssets is a business partner to more than 2,400 hospitals and 30,000 non-acute care healthcare providers. For more information, go to

About MedQuist

MedQuist is a leading provider of clinical documentation workflow solutions in support of the electronic health record. MedQuist provides electronic medical transcription, and health information and document management products and services, including digital dictation, speech recognition, Web-based transcription, electronic signature, medical coding, mobile dictation devices, and outsourcing services. For more information, please visit

Disclosure Regarding Forward-Looking Statements:

Some of the statements in this Press Release constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are not historical facts but rather are based on the Company's current expectations, estimates and projections regarding the Company's business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. The forward-looking statements contained in this Press Release include, without limitation, statements about the anticipated future outcome of the relationship between MedAssets and MedQuist. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. For a discussion of these risks, uncertainties and assumptions, any of which could cause our actual results to differ from those contained in the forward-looking statement, see the section of MedQuist Annual Report on Form 10-K for the year ended December 31, 2006, entitled "Risk Factors" and discussions of potential risks and uncertainties in MedQuist's subsequent filings with the SEC.

SOURCE MedQuist Inc.
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