Akron Children's Hospital Selects MedAssets for Supply Chain Solutions; Member of Child Health Corporation of America makes group purchasing change.ATLANTA -- Akron Children's Hospital Established in 1890 in Akron, Ohio, Akron Children’s Hospital is the largest pediatric care provider in Northeast Ohio. It cares for more than 400,000 patients each year, and performs more pediatric surgeries than any other hospital in Northeast Ohio. , based in Akron, Ohio, has selected MedAssets to implement supply chain solutions. Akron Children's Hospital, a Child Health Corporation of America shareholder, has a total annual expenditure for supplies of more than $35 million. The multi-year relationship is effective October 1. Akron Children's Hospital is the largest pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. care provider in Northeast Ohio. It cares for approximately 400,000 patients each year and performs more pediatric surgeries than any other hospital in Northeast Ohio. Akron Children's operates as a full-service, 253-bed pediatric hospital and houses a regional burn trauma center trauma center n. A medical facility that is designated to treat severe physical trauma as a result of the specialized training of its staff and the availability of appropriate diagnostic and treatment tools. for both adults and children, as well as a pediatric trauma center. It also offers more than 100 advocacy, education, outreach and research programs. The new agreement provides Akron Children's Hospital access to MedAssets' comprehensive contract portfolio and supply chain technology. "MedAssets' supply chain technology is one of the most important reasons we made this major change," said Lin Gentile, vice president at Akron Children's Hospital. "Through Strategic Information reporting, the hospital will be able to audit transactions to find off-contract spending, pricing variances and incorrect supply amounts." Akron Children's Hospital will utilize a custom catalog, which incorporates existing local and regional contracts as well as MedAssets' national contract portfolio allowing the facility to maintain those agreements that offer the lowest price for supply items. "MedAssets' goal is to help our customers find more efficient and cost effective ways to run their business," stated Rand Ballard, president, MedAssets Supply Chain and Business Services Group. "We have developed products and services that will automate manual processes, reduce errors, and ultimately funnel more cash to the bottom line, so providers can continue providing excellent patient care." About Akron Children's Hospital In 2003, Akron Children's Hospital was ranked one of the best children's hospitals in the country by Child magazine for the second year. Founded in 1890 as a two-room nursery, Akron Children's has developed into a full-service pediatric medical center for children from birth through adolescence, as well as burn victims of all ages. Today, Akron Children's serves a population of 2.5 million in northeastern Ohio, which represents nearly one of every 100 children nationwide. Innovative programs and state-of-the-art facilities are combined at Akron Children's Hospital to provide quality health care to children and families in Northeast Ohio. About MedAssets MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers' margin and cash flow through revenue cycle and supply chain initiatives. 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 %. Proprietary information technology is used to work with and improve existing IT assets and work processes. MedAssets, through its revenue cycle subsidiary MedAssets Net Revenue Systems, provides best-of-breed revenue solutions including strategic pricing, pre-bill charge capturing, and ongoing chargemaster management tools, all of which have been Peer Reviewed by the Healthcare Financial Management Association. In addition, MedAssets offers the only technology enabled system that links supply cost data with charge data to ensure accurate charges and defendable markups for all patient identifiable supplies, including costly medical devices. MedAssets, through its supply chain subsidiary MedAssets Supply Chain Systems, operates the fastest growing group purchasing organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. and supply chain services company in the U.S. and builds customized solutions encompassing procurement of common medical supplies, pharmaceuticals, physician preference supplies, food and nutrition Food and Nutrition See also cheese; dining; milk. accubation Rare. the act or habit of reclining at meals. alimentology Medicine. thescience of nutrition. allotriophagy Pathology. items, and capital equipment. MedAssets serves more than 22,000 healthcare providers nationwide through its revenue cycle and supply chain operations including Atlantic Health System (New Jersey), Banner Health (Arizona), Bon Secours Health System (Maryland), Charleston Area Medical Center Charleston Area Medical Center (CAMC) is the name of a complex of hospitals in Charleston, West Virginia, formed via a merger of previously independent facilities. It is the state's largest hospital. (West Virginia), Christiana Care Health System (Delaware), Inova Health System Inova Health System is a non-profit health organization based in Northern Virginia, USA. Hospitals under Inova provide most of the healthcare needs for citizens in Northern Virginia. The flagship hospital, Inova Fairfax Hospital, has won acclaims as one of the best hospitals in the nation. (Virginia), Main Line Health (Pennsylvania), North Mississippi Health Services health services Managed care The benefits covered under a health contract , Rush System for Health (Illinois), St. Joseph Health System (California), Saint Barnabas Health Care System (New Jersey), The University of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. Health Care System, University of Pittsburgh Medical Center The University of Pittsburgh Medical Center (UPMC) is a leading American healthcare provider and institution for medical research. It consistently ranks in US News and World Report's "Honor Roll" of the approximately 15 best hospitals in America. (Pennsylvania), University of Rochester Medical Center The University of Rochester Medical Center (URMC), located in Rochester, New York, is one of the main campuses of the University of Rochester and comprises the university's primary medical education, research and patient care facilities. (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ), and many others. For more information about MedAssets go to www.medassets.com or contact Gary Johnson, vice president of Marketing and Marketing Services, 100 North Point Center East, Suite 200, Alpharetta, GA 30022. |
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