CHA SSP and MedAssets HSCA Announce Affiliation.Business Editors/Health/Medical Writers ST. LOUIS & WALLINGFORD, Conn.--(BUSINESS WIRE)--May 12, 2004 The Connecticut Hospital Association's Shared Services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. Program (CHA SSP (1) (Service Switching Point) The local exchange node in an SS7 telephone network. The SSP can be part of the voice switch or in a separate computer connected to it. ), a regional 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. (GPO) with members throughout New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , and MedAssets HSCA HSCA House Select Committee on Assassinations HSCA Harvard-Smithsonian Center for Astrophysics HSCA Hawaii State Chiropractic Association HSCA Hazardous Substances Control Act HSCA High School Culinary Arts , the nation's largest independent GPO, announced today that they have affiliated. The affiliation will allow the CHA SSP to provide its member facilities access to a larger health care contract portfolio with greater savings, expanded clinical pharmacy Clinical pharmacy is the branch of Pharmacy where pharmacists provide patient care that optimizes the use of medication and promotes health, wellness, and disease prevention [1] services, and superior information technology tools including a customized local compliance catalog. Under the terms of the agreement, the CHA SSP will remain an independent, not-for-profit Connecticut-based organization and will continue to service its regional members. Effective immediately, the CHA SSP and MedAssets HSCA agreement is for three years. CHA SSP began an exhaustive search for a supply-chain/GPO partner in early 2003 that would serve as its primary supply contract provider for medical/surgical supplies and pharmaceuticals. The CHA SSP's goal of looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a partner was to find a program offering members flexibility, increased savings, excellent customer service and continued financial returns. Prior to affiliating, a significant savings was realized in the pharmacy and medical/surgical areas. The MedAssets HSCA program also offers information technology and an e-catalog application to reduce supply chain costs further by enabling members with contract details and reporting tools that furnish data for decision support and efficiency measurement. "We found MedAssets HSCA to be the most well-rounded GPO with an enterprise offering capable of expanding the margins for our member base," said John Brady, chief financial officer at CHA SSP. "Of particular interest to our organization was the depth and breadth of MedAssets HSCA's portfolio and their ability to reach beyond supply chain to have a significant impact on billing compliance and enhancing net patient revenue." The CHA SSP membership includes hospitals, long term care facilities, physician groups, independent retail pharmacies and a variety of other healthcare providers. The CHA SSP also services non-healthcare facilities such as schools and universities, day care centers, veterinarians Veterinarians and veterinary surgeons (vets) are medical professionals who operate exclusively on animals. Well-known and notable veterinarians include:
Rand Ballard, president of MedAssets' supply chain and business services group stated, "We are delighted to have this affiliation with the CHA SSP, an organization that truly exemplifies its commitment to providing its members with the best supply chain solution available, with great pricing but also contract management tools, and services that significantly impact supply expense. This partnership affords both GPOs great opportunities, but most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , it affords members the best opportunity for savings by reducing supply costs and improving net patient revenue through the use of information technology and aggressively priced agreements." About CHA Shared Services Program The CHA Shared Services Program (CHA SSP) is a regional Group Purchasing Organization (GPO) servicing all six New England states - Connecticut, Maine, Massachusetts, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. and Vermont. CHA SSP is committed to providing its members with the best quality, pricing and service available while maintaining a voluntary compliance program. In a highly regulated healthcare environment, the voluntary compliance program offers participating members the flexibility and freedom to select those programs that meet their specific needs. Members are not required to pay dues or fees to participate in the program. The CHA Shared Services Program offers a broad range of traditional products in Group Purchasing areas, including Pharmacy, Medical/Surgical, Laboratory, Food Services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and , and Radiology. Other services available include Compliance Programs, Interactive Learning Systems, Contract Management Services, Video Teleconferencing Equipment, Pre-Employment Screening, and Hospitals Information Systems. For more information about the CHA SSP, please visit www.chassp.com. About MedAssets HSCA MedAssets HSCA, headquartered in St. Louis, Mo., is the fastest growing group purchasing organization in the country, serving more than 22,000 healthcare providers nationwide with purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. in excess of $8 billion in gross throughput. It is MedAssets HSCA's mission to be the market-leading, customer-oriented supply chain and contract services company, focused on maximizing the financial performance of healthcare institutions. MedAssets HSCA's parent company, MedAssets, Inc. of Atlanta, Ga., recently acquired Net Revenue Systems (formerly OSI Systems), a leading revenue cycle management company for healthcare providers, enabling margin and cash flow improvement from both revenue and supply cost initiatives. For more information about MedAssets HSCA, or its parent company MedAssets Inc., go to www.medassets.com, or contact Gary Johnson, vice president for marketing and marketing services, 100 North Point Center East, Suite 150, Alpharetta, Ga., 30022. |
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