MedAssets Honors Suppliers Containing Costs of Healthcare Delivery

Published in Science and Technology on Thursday, April 28th 2011 at 7:15 GMT by Market Wire
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ATLANTA--([ BUSINESS WIRE ])--MedAssets Inc. (NASDAQ:MDAS) today announced the recognition of several suppliers for their role in helping healthcare organizations control costs in the face of immense operating challenges. Tom Caldwell, vice president of National Accounts, Baxter Healthcare Corporation (Baxter), received the 2010 Presidenta�s Supplier Award for his leadership and exemplary sales and market growth throughout a long-term career. In addition, Phillips Healthcare and Bergelectric were recognized for delivering the highest amount of total dollar and percentage savings to MedAssets customers in 2010. In total, more than 200 suppliers were awarded for cost containment achievements. All winners were recognized at the 2011 MedAssets Healthcare Business Summit held April 25-29.

"Tom has provided valuable savings to MedAssets customers, and has demonstrated superior contract value which has led to exemplary sales and market share growth for both MedAssets and Baxter"

As one of the leading providers of healthcare supply chain management solutions, MedAssets develops relationships with suppliers in order to help healthcare providers improve their financial health without impact to care quality. The group purchasing agreements support cooperation and competitive pricing for the high-quality goods and services hospitals need to deliver care in their communities.

aTom has provided valuable savings to MedAssets customers, and has demonstrated superior contract value which has led to exemplary sales and market share growth for both MedAssets and Baxter,a said Rand Ballard, senior executive vice president, chief operating officer and chief customer officer, MedAssets. aThe supplier awards provide insight into the many factors that impact the costs of care delivery. By providing more affordable supplies and devices, companies like Baxter, Philips and Bergelectric help to alleviate the margin pressures hospitals are facing. In large part, they help to create value and make care more affordable.a

Presidenta�s Supplier Award

Caldwell has held a long-term career at Baxter serving in multiple executive roles. His most recent position was Vice President of Sales where he spent the past 11 years working with group purchasing organizations (GPOs), including MedAssets. Caldwell was involved with developing the business relationship between Baxter Healthcare and MedAssets, and he was instrumental in negotiating the last two MedAssets/Baxter IV agreements. Caldwell recently announced his retirement from Baxter after 34 years in the industry.

Supply Chain Savings Award

Phillips Healthcare and Bergelectric Corporation were awarded the Supply Chain Savings Award for delivering to MedAssets customers in 2010 the highest amount of total dollar and percentage savings in cumulative dollars. Philips Healthcare is receiving the Supply Chain Total Dollar Savings Award for the third year in a row due to their success in providing aggressive pricing in MedAssets Quarterly Group Buy Program. MedAssets customers saved more than $20 million over contracted pricing with the additional Group Buy incentives offered by Philips Healthcare. Bergelectric Corporation is receiving the Supply Chain Total Percent Savings Award for providing a savings of 38 percent to healthcare providers.

MedAssets also recognized the following suppliers in specific awards categories:

Diverse Supplier Award a" RD Plastics and Tronex Healthcare
Pre-Commitment Program Award a" Abbott Nutrition, ArjoHuntleigh, Attends Healthcare Products, Cardinal Health, Compression Therapy Concepts, Hill-Rom, Kimberly-Clark Corporation, Medline, Professional Hospital Supply, Teleflex Medical, Trinity Sterile, Universal Hospital Services and Welch Allyn
Group Buy Excellence Award a" GE Healthcare, Philips Healthcare and Siemens Medical Solutions

About Baxter

Baxter International Inc. (NYSE:BAX), through its subsidiaries, develops, manufactures and markets products that save and sustain the lives of people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. As a global, diversified healthcare company, Baxter applies a unique combination of expertise in medical devices, pharmaceuticals and biotechnology to create products that advance patient care worldwide. For more information, go to [ www.baxter.com ].

For more information about other supplier award winners, please visit:

[ www.abbottnutrition.com ]

[ www.arjohuntleigh.com ]

[ www.attends.com ]

[ www.bergelectric.com ]

[ www.cardinal.com ]

[ www.ctcdvt.com ]

[ www.healthcare.philips.com ]

[ www.hill-rom.com ]

[ www.kimberly-clark.com ]

[ www.medline.com ]

[ www.phsyes.com ]

[ www.rdplastics.com ]

[ www.teleflexmedical.com ]

[ www.trinitysterile.com ]

[ www.tronexcompany.com ]

[ www.uhs.com ]

[ www.welchallyn.com ]

About MedAssets

MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing spend and clinical resource 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 180 health systems, 4,000 hospitals and 90,000 non-acute healthcare providers. For more information, go to [ www.medassets.com ].

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MedAssets Honors Suppliers Containing Costs of Healthcare Delivery