Science & Technology
Science and Technology
Science and Technology
Thu, February 26, 2009
Wed, February 25, 2009 Baylor Health Care System Selects MedAssets? GPO and Spend Management Solutions
ATLANTA--([ BUSINESS WIRE ])--MedAssets, Inc. (NASDAQ: MDAS) today announced that Baylor Health Care System, based in Dallas, Texas, has selected MedAssets as their strategic supply chain partner, including [ group purchasing (GPO) services ], [ physician preference item (PPI) cost reduction services ] and enabling technology. The multi-year agreement provides Baylor with access to MedAssets' GPO and customized supply chain management capabilities including its [ supply chain analytics ] and medical device consulting services to help lower supply cost.
Through MedAssets' GPO services, Baylor will access a [ comprehensive contract portfolio ] of quality, cost-effective commodity medical products and supplies from more than 1,000 leading manufacturers and distributors. The Company will also collaborate with Baylor's medical, clinical and administrative staff in a process to address and reduce costs on high-expense supplies.
The agreement also provides Baylor with access to MedAssets' supply chain technology and analytical solutions that increase transparency and provide actionable information to control supply costs. Baylor has been a MedAssets customer for more than five years, utilizing aspects of the company's [ revenue cycle management solutions ].
"We are pleased that Baylor chose to expand its relationship with MedAssets by adding our Company's innovative supply chain solutions," stated John Bardis, president and chief executive officer, MedAssets, Inc. "MedAssets' solutions offer transparency to help our customers identify performance gaps and address source issues. This increased visibility into operations and finances provides information and insight to drive performance improvement."
About MedAssets
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing integrated spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, 3,300 hospitals and 30,000 non-acute care healthcare providers. For more information, go to [ www.medassets.com ].
About Baylor Health Care System
Baylor Health Care System is a network of hospitals, primary care and specialty care physicians, rehabilitation clinics, affiliated ambulatory surgery centers and the Baylor Research Institute.One of the largest private-sector employers in Dallas/Fort Worth, Baylor Health Care System employs more than 17,000 people and has more than 2,800 physicians on its various medical staffs.Baylor University Medical Center, flagship hospital of Baylor Health Care System, is a major patient care, teaching and research center for the Southwest.For fiscal year 2008, Baylor Health Care System will report $429.5 million in community benefit to the Texas Department of State Health Services.For more information about Baylor, visit [ www.BaylorHealth.com ].
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