DFWHC and MedAssets HSCA Announce Affiliation.Business Editors/Health/Medical Writers ST. LOUIS--(BUSINESS WIRE)--Aug. 22, 2003 Dallas-Fort Worth Hospital Council (DFWHC) of Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , 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 , St. Louis, Mo., announced today their new affiliation. The relationship will allow DFWHC to provide its member facilities, as well as its GroupOne customers throughout Texas, access to MedAssets HSCA's GPO and outsourced supply chain services. DFWHC is a local trade association focused on supporting its 71 members in addressing common healthcare issues in a collaborative manner with innovative solutions. The relationship was effective August 1, 2003. John C. Gavras, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DFWHC, stated, "Our members will be able to improve their supply chain costs and enhance revenue. MedAssets' supplies pricing, their e-catalog and the OSI (1) (Open System Interconnection) An ISO standard for worldwide communications that defines a framework for implementing protocols in seven layers. Control is passed from one layer to the next, starting at the application layer in one station, proceeding to the revenue tools package will help our members improve their cash flow." Gavras added, "Our new affiliation allows our members an option, in whole or in part, to their current purchasing policies. Another added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
Rand Ballard, president of MedAssets supply chain and business services group, commented, "The DFWHC-MedAssets affiliation is a great match of complementary strengths. Our flexibility gives us the ability to support custom solutions for DFWHC's members, including a customized CDQuick(R) e-catalog, local contracting management, SI strategic information, physician supplies cost management, and other custom services by facility. We are constantly 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. ways to increase value for our customers." About MedAssets HSCA MedAssets HSCA, headquartered in St. Louis, Mo., is the third largest 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. in the country, serving more than 16,000 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. approaching $7 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 of Atlanta, Ga., recently acquired OSI Systems, a leading revenue cycle management company for healthcare providers, enabling cash flow improvement from both revenue and supply cost improvement. For more information about MedAssets HSCA, or its parent company MedAssets Inc., contact Gary Johnson, vice president for marketing and marketing services, at gjohnson@medassets.com. |
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