Science & Technology
Science and Technology
Science and Technology 
Fri, July 16, 2010
Thu, July 15, 2010
MedAssets and Excel Rx GSO Develop Successful Pharmacy Solutions for Non-Acute Healthcare Providers
ATLANTA--([ BUSINESS WIRE ])--MedAssets has continued expanding its [ group purchasing organizationa™s ] pharmacy program to meet the needs of non-acute healthcare providers, such as long-term care organizations, home healthcare service providers, specialty pharmacies, as well as other closed-door pharmacies. Working with its affiliate partner Excel Rx GSO, MedAssetsa™ [ pharmacy program ] has helped gain new customers, including Discover Rx, an affiliate of Saint Barnabas Health Care System serving the long-term care market.
"We are extremely pleased to be working with non-acute healthcare leaders in their industry and look forward to assisting them as they continue to grow and serve their patients in long-term care."
MedAssetsa™ pharmacy program connects non-acute healthcare providers with an expanding roster of suppliers and distributors offering pharmaceutical products and services specific to the alternate care market. In addition to helping non-acute healthcare providers achieve significant cost reduction through this program, [ MedAssetsa™ pharmacy solutions ] enable providers and their pharmacies to address changing patient case mixes, reduced reimbursement and a need for efficiency in the supply chain.
aMedAssetsa™ goals include facilitating financial improvement in all healthcare organizations, acute and non-acute,a said Rand Ballard, Chief Customer Officer and Chief Operating Officer, MedAssets. aThe success of our pharmacy program with new customers exemplifies how we leverage supplier relationships and our collective experience in pharmacy operations to reach those goals.a
aDiscover Rxa™s selection of Excel Rx GSO and MedAssets as their partner is a testament not only to the solutions we offer for non-acute healthcare providers but equally as important the ongoing personal service we provide,a said Rocky Whitehead, President, Excel Rx GSO. aWe are extremely pleased to be working with non-acute healthcare leaders in their industry and look forward to assisting them as they continue to grow and serve their patients in long-term care.a
About MedAssets
MedAssets partners with healthcare providers to improve financial strength by implementing spend management and revenue cycle management 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 40,000 non-acute healthcare providers.
About Excel Rx GSO
Excel Rx GSO, LLC provides LTC pharmacies a total financial package including access to pharmaceutical contracts, which provide exceptional pricing and capitalize on available rebates; reporting that monitors purchases to assure continuing competitiveness in the market; a PDP Network that maximizes reimbursement; and audit tools to monitor cost, rebates and reimbursement. For additional information, visit [ www.excelrxgso.com ].
MDAS/B