Printer Friendly
The Free Library
23,396,934 articles and books


MedAssets Signs Agreement with Mobile Infirmary Medical Center for Supply Chain Solutions.

ATLANTA -- MedAssets has signed a multi-year agreement with Mobile Infirmary Medical Center, based in Mobile, Alabama, to implement supply chain solutions for the organization's three acute care facilities. The Infirmary has a total annual supply spend of approximately $130 million. The contract was effective July 1, 2005. The Infirmary has been a member of Shared Services Healthcare for several years and became a member of MedAssets through the Shared Services Healthcare-MedAssets affiliation.

The Infirmary is the largest non-governmental, not-for-profit hospital in Alabama with 704 beds and several specialty service areas. The Infirmary performs more than 4,000 procedures in its heart catheterization lab and more than 700 open heart surgeries each year, making it one of the leading hospitals in the state for cardiac care. The Infirmary is also a regional leader in cancer care with 1,400 cases of cancer diagnosed or treated last year alone.

The new agreement with MedAssets provides The Infirmary with a custom contract catalog that includes all local, regional and national contracts ensuring optimal cost savings for all purchases. The Infirmary will utilize additional MedAssets' supply chain technology including Strategic Information (SI). SI translates purchasing data into meaningful information to assist in accessing correct contract pricing and facility item master management. SI will provide The Infirmary the ability to aggregate, analyze and act upon its procurement data.

In addition, The Infirmary will engage in MedAssets' Clinical Pharmacy Program which will assist the facility's clinicians in staying abreast of pharmaceutical news and research, making decisions that are clinically optimal and fiscally appropriate, and gaining knowledge and support through peer interaction.

The Infirmary will have the option of implementing MedAssets' suite of revenue cycle management tools including products for chargemaster monitoring and maintenance, charge capture, and comparative rate modeling.

"MedAssets provides the tools our customers need to increase cash from existing operations," said Rand Ballard, president, MedAssets Supply Chain and Business Services Group. "Implementation of MedAssets' technology will allow The Infirmary to gain more visibility into their supply chain operations to maximize financial results."

For more information about MedAssets' revenue and supply chain solutions, visit www.medassets.com.

About Mobile Infirmary Medical Center

The Infirmary is the largest non-governmental, not-for-profit hospital in Alabama with 704 beds and several specialty service areas. The Infirmary performs more than 4,000 procedures in its heart catheterization lab and more than 700 open heart surgeries each year, making it one of the leading hospitals in the state for cardiac care. The Infirmary is also a regional leader in cancer care with 1,400 cases of cancer diagnosed or treated last year alone.

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 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 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 (West Virginia), Christiana Care Health System (Delaware), Inova Health System (Virginia), Main Line Health (Pennsylvania), North Mississippi Health Services, Rush System for Health (Illinois), St. Joseph Health System (California), Saint Barnabas Health Care System (New Jersey), The University of North Carolina Health Care System, University of Pittsburgh Medical Center (Pennsylvania), University of Rochester Medical Center (New York), 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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 19, 2005
Words:736
Previous Article:Fitch Places Maytag on Rating Watch Evolving After Whirlpool's Proposal.
Next Article:Cub Foods and the Minnesota State Fair Go Exclusive; Cub is Exclusive Grocery Retailer of 2005 Fair.



Related Articles
MedAssets Signs Agreement with Main Line Health for Supply Chain Solutions.
Alliance Medical Selected by MedAssets for Medical Device Reprocessing.
MedAssets Signs Agreement with Legacy Health System for Enterprise-Wide Solutions Agreement to Include Supply Chain and Revenue Cycle Technology as...
MedAssets Signs Agreement with Holy Name Hospital for Supply Chain Solutions.
Children's Hospital and Health System Selects MedAssets for Supply Chain Solutions; Second Member of Child Health Corporation of America Makes Change.
Leesburg Regional Medical Center Becomes an Enterprise Customer of MedAssets.
MedAssets Supply Chain Systems Acquires Shared Services Healthcare; Shared Services Healthcare Offers Strong Presence in the Southeast.
MedAssets Signs Agreement with University Health Systems-San Antonio for Group Purchasing and Supply Chain Technology Solutions.
Erlanger Health System Signs Agreement with MedAssets for Revenue Cycle Management, Supply Chain Solutions.
The Methodist Hospital System Signs Agreement with MedAssets(R).

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters