South Bend Medical Foundation Signs Agreement with MedAssets.ATLANTA -- South Bend South Bend, city (1990 pop. 105,511), seat of St. Joseph co., N Ind., on the great south bend of the St. Joseph River, in a farming and mint-growing region; inc. as a city 1865. Medical Foundation (SBMF SBMF Sprint Business Mobility Framework SBMF Santa Barbara Medical Foundation ) has signed a five year agreement with MedAssets for its group purchasing / supply chain management services and will transition its purchasing functions to MedAssets within the next 90 - 120 days. SBMF has a total annual supply spend of $24 million, with the largest percentage spent in the laboratory segment. South Bend Medical Foundation is a freestanding laboratory organization responsible for management and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. in the laboratories of four major medical centers in North Central Indiana. Ann Sullivan, vice president of finance for SBMF, states, "We are pleased to begin utilizing the services of MedAssets in the coming months. They offer customized and flexible purchasing options for our facilities. By offering a mix of local and national agreements, we can be assured of the best pricing on the products we prefer." MedAssets' supply chain operations group is 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. in the country, gaining over $ 3 billion in annual hospital supply spend in the past 24 months. Rand Ballard, president of MedAssets Supply Chain and Business Services Group commented, "It's an honor to be South Bend Medical Foundation's GPO-supply chain partner. Our business philosophy enables us to provide solutions specific to the needs of SBMF. 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. South Bend Medical Foundation is a leading laboratory organization, and with the transition of an expected $15 million annual purchasing dollars to MedAssets, they will become one of our largest lab members." About South Bend Medical Foundation South Bend Medical Foundation, based in South Bend, Indiana This article is about the city in Indiana, US. For other uses of the name South Bend, see South Bend (disambiguation). South Bend is a city in St. Joseph County, Indiana, United States. , provides a wide range of top-quality, cost-effective laboratory services for Hospitals, Physicians and Patients in Indiana, Michigan, Kentucky, and Illinois. By working together with local health care providers, South Bend Medical Foundation preserves the critical relationship between laboratory, physician and patient. South Bend Medical Foundation offers its services 24 hours a day, 365 days a year. Foundation personnel are dedicated to being a trusted physician resource, handling everything from routine outpatient orders to providing inpatient services at hospital and other health care facilities throughout the region. For more information about South Bend Medical Foundation, contact Bob King, VP of Marketing, 574-236-1394, or bking@sbmflab.org, or visit www.sbmflab.org. 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. MedAssets, through its supply chain subsidiary, 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, and capital equipment. MedAssets serves more than 22,000 healthcare providers nationwide through its revenue cycle and supply chain operations including 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 West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. ), 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), Memorial Hermann Healthcare System (Texas), 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 Hospitals Health System (Ohio), 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), 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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