Christiana Care Health System Selects MedAssets HSCA as GPO Partner.Health/Medical Writers WILMINGTON, De.--(BUSINESS WIRE)--Feb. 19, 2003 Christiana Care Health System announces the selection of 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 as its exclusive outsourced 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. . Christiana Care was formerly a Premier group purchasing organization member. Headquartered in Wilmington, Del., Christiana Care is one of the region's largest not-for-profit health care providers, with an annual supply budget in excess of $134 million. Christiana Care operates two hospitals, long-term and transitional care This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. services and an extensive range of outpatient and home health services health services Managed care The benefits covered under a health contract for the people of Delaware as well as neighboring counties of Maryland, Pennsylvania and New Jersey. "Christiana Care selected MedAssets because of its ability to provide a group purchasing program built around our financial and clinical requirements," says Ray Seigfried, Christiana Care's senior vice president of clinical & materiel management See: inventory control. services. "Implementation of their program will result in reducing our costs by $2.5 million," he says. Seigfried explains that MedAssets' flexibility allows for the right balance of commodity contracting and a customized clinical program, both of which support Christiana Care's strategic goal of financial viability and clinical excellence. "In support of these goals," Seigfried continues, "MedAssets provides technology support through their catalogue computer system, which is far more efficient than other GPOs in providing quick and effective information for our materiel management department." In addition, he says, "MedAssets' overall focus is on the whole supply system from manufacturer price and logistics through to reimbursement, all of which is an approach to materiel management that we found important in achieving our strategic direction. For all of these reasons, MedAssets is the right GPO partner for us," says Seigfried. MedAssets HSCA's President Rand Ballard comments: "It's an honor to be Christiana Care's GPO-supply chain partner. Our business philosophy enables us to provide solutions specific to the needs of Christiana Care. We are getting consistent feedback now from the marketplace that our model is ideal for today's health care systems, where we build a customized, flexible solution to support and drive the customer's unique supply system strategies and tactics. More than $1.3 billion in annual supply budgets have moved to MedAssets in the last 12 months." About MedAssets HSCA MedAssets HSCA, headquartered in St. Louis, Missouri, is the third largest group purchasing organization in the country, serving more than 16,000 health care 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. approaching $7 billion in gross throughput. MedAssets HSCA was recognized as "Purchaser of the Year - 2002" by HIGPA HIGPA Health Industry Group Purchasing Association members. 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 health care institutions. For more information about MedAssets HSCA, or its parent company, MedAssets Inc., contact Gary Johnson Gary Johnson may refer to:
About Christiana Care Christiana Care Health System, which traces its roots back to 1888, is one of the region's largest health care providers, serving the people of Delaware as well as neighboring counties of Maryland, Pennsylvania and New Jersey. Christiana Care is recognized as a regional center for excellence in cardiology cardiology Medical specialty dealing with heart diseases and disorders. It began with the 1749 publication by Jean Baptiste de Sénac of contemporary knowledge of the heart. Diagnostic methods improved in the 19th century, and in 1905 the electrocardiograph was invented. , cancer and women's health Women's Health Definition Women's health is the effect of gender on disease and health that encompasses a broad range of biological and psychosocial issues. services, as well as Level-I trauma care and Level-III neonatal intensive care (both highest intensity). Christiana Care operates two hospitals, long-term and transitional care services at its Riverside campus and an extensive range of outpatient and home health services. For more information about Christiana Care Health System, contact William Schmitt, manager of corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. , at 302-327-3318 or at wschmitt@christianacare.org. |
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