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Ascent to Provide MedAssets' Customers with Reprocessed and Remanufactured Single-Use Medical Devices.


Cost savings and environmental sustainability wins coveted cov·et  
v. cov·et·ed, cov·et·ing, cov·ets

v.tr.
1. To feel blameworthy desire for (that which is another's). See Synonyms at envy.

2. To wish for longingly. See Synonyms at desire.
 Next Generation SELECT([R]) agreement for Ascent

PHOENIX -- Ascent Healthcare Solutions, a leader in delivering healthcare resource sustainability, announced today that MedAssets Supply Chain Systems, one of the nation's largest supply chain management firms, has chosen Ascent to provide reprocessing Reprocessing may refer to:
  • Nuclear reprocessing
  • Recycling
 and remanufacturing services of single-use medical devices (SUDs) to their customers. Ascent will participate in MedAssets' Next Generation SELECT([R]) program, designed to lower supply cost savings up to 18% on average for MedAssets' customers through a multi-year program covering the key supply categories used in patient care. Ascent's environmentally responsible products will also be promoted through MedAssets' Environmentally Preferable Purchasing program.

MedAssets embarked on a thorough selection process to award Ascent the agreement, evaluating different suppliers of reprocessed and remanufactured medical devices. MedAssets' evaluation included measuring savings and environmental impact, and Ascent was able to deliver great results on those key measures. "Ascent's outstanding performance and proven track record has earned MedAssets Supply Chain Systems' Gold Vendor status at the 2008 MedAssets Healthcare Business Summit, which recognizes outstanding vendors based on their ability to improve customer savings and satisfaction," stated John Julian John Julian (d. 1733) was the first recorded black pirate to operate in the New World, as the pilot of the pirate ship Whydah.

Pirates threw the law of the land overboard.
, Executive Director, Materials Management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, , MedAssets Supply Chain Systems. "It makes good financial and environmental sense for our customers to use Ascent's reprocessed and remanufactured devices."

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Ascent's Vice President of Corporate Accounts, Kevin Liszewski, "Because Ascent's remanufactured products cost about half of an original device, MedAssets' customers will realize vital savings that can be directed to patient care initiatives such as hiring or retaining nursing staff, acquiring state-of-the-art technology or covering the soaring cost of uncompensated care uncompensated care,
n health care services provided by a hospital, physician, dental professional, or other health care professional for which no charge is made and for which no payment is expected.
."

Through MedAssets' Next Generation SELECT program, MedAssets' customers will be able to reprocess re·proc·ess  
tr.v. re·proc·essed, re·proc·ess·ing, re·proc·ess·es
To cause to undergo special or additional processing before reuse.

Verb 1.
 about 90 medical device types for which Ascent has FDA-cleared 510(k)s. These include cardiovascular, endoscopic/laparoscopic, general surgery/OR, orthopedic/arthroscopic, gastroenterology gastroenterology

Medical specialty dealing with digestion and the digestive system. In the 17th century Jan Baptista van Helmont conducted the first scientific studies in the field; William Beaumont published his own observations in 1833.
, respiratory, and ophthalmology devices.

About MedAssets

MedAssets (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:MDAS MDAS Magnetic Drum Auxiliary Sender
MDAS My Dear Aunt Sally (mnemonic for: Multiply, Divide, Add, Subtract)
MDAS Multiple Database Access System
MDAS Mobile Data Acquisition System
MDAS Multiplication, Division, Addition, Subtraction
) partners with healthcare providers to improve their financial strength by implementing integrated spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, 3,300 hospitals and 30,000 non-acute care healthcare providers. For more information, go to www.medassets.com.

About Ascent Healthcare Solutions

By continuously pioneering sustainability initiatives in healthcare, Ascent Healthcare Solutions has become a leader in the medical device industry. Ascent's programs target inefficient practices to reclaim and redirect consumable and financial resources to promote healthy and responsible hospitals. Today, Ascent's medical device sustainability programs deliver remanufactured and/or reprocessed medical devices as well as comprehensive recycling and redistribution initiatives. Ascent has been recognized as a "Champion for Change" by Hospitals for a Healthy Environment (now Practice Greenhealth) in recognition of the dramatic environmental benefits its remanufacturing and reprocessing programs provide to U.S. hospitals and surgery centers. Ascent's more than 1,800 hospital partners include most of the U.S. News & World Report U.S. News & World Report

Weekly newsmagazine published in Washington, D.C. U.S. News was founded in 1933 by David Lawrence (1888–1973) to cover important domestic events; he founded World Report in 1945 to treat world news. The two magazines were merged in 1948.
 "Honor Roll" hospitals. The company has agreements with all leading national group purchasing organizations as well as numerous nationally recognized hospital integrated delivery networks. For more information about Ascent Healthcare Solutions, visit www.ascenths.com.
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Publication:Business Wire
Date:Feb 19, 2009
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