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 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. 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 Heart catheterization A heart catheterization is used to view the heart's chamber and valves. A tube (catheter) is inserted into an artery, usually in the groin. A dye is then put into the artery through the tube. 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 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] 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 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. 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 Food and Nutrition See also cheese; dining; milk. accubation Rare. the act or habit of reclining at meals. alimentology Medicine. thescience of nutrition. allotriophagy Pathology. 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 Banner Health is a non profit health system based in Phoenix, Arizona. The health system is one of the largest employer’s in the state - employing over 27,000 employees. (Arizona), Bon Secours Health System (Maryland), Charleston Area Medical Center Charleston Area Medical Center (CAMC) is the name of a complex of hospitals in Charleston, West Virginia, formed via a merger of previously independent facilities. It is the state's largest hospital. (West Virginia), Christiana Care Health System (Delaware), Inova Health System Inova Health System is a non-profit health organization based in Northern Virginia, USA. Hospitals under Inova provide most of the healthcare needs for citizens in Northern Virginia. The flagship hospital, Inova Fairfax Hospital, has won acclaims as one of the best hospitals in the nation. (Virginia), Main Line Health (Pennsylvania), North Mississippi Health Services health services Managed care The benefits covered under a health contract , Rush System for Health (Illinois), St. Joseph Health System (California), Saint Barnabas Health Care System (New Jersey), The University of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. Health Care System, University of Pittsburgh Medical Center The University of Pittsburgh Medical Center (UPMC) is a leading American healthcare provider and institution for medical research. It consistently ranks in US News and World Report's "Honor Roll" of the approximately 15 best hospitals in America. (Pennsylvania), University of Rochester Medical Center The University of Rochester Medical Center (URMC), located in Rochester, New York, is one of the main campuses of the University of Rochester and comprises the university's primary medical education, research and patient care facilities. (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ), 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. |
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