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MedAssets to Host Annual Technology & Innovation Forum

^{Published on 2011-06-17 08:11:15 - Market Wire}
 

ATLANTA--([ BUSINESS WIRE ])--MedAssets (NASDAQ: MDAS) today announced that the call for submissions for the 2011 MedAssets Technology & Innovation Forum is now open. To help foster its customersa™ access to innovative and ground-breaking healthcare technologies, MedAssets invites emerging healthcare suppliers to submit applications for products, equipment and services that advance the quality, safety and efficiency of healthcare delivery.

"Our company values direct feedback from our customers to drive the continuous improvement of the products and services within our contract portfolio. Supporting entrepreneurial companies fosters innovation and enables MedAssets to stay in the forefront of assisting healthcare providers as they improve their efficiency and quality of patient care."

All applications must be received by June 23, 2011. MedAssets customer evaluations will take place on Oct. 18, as part of 2011 MedAssets Business and Technology Forum to be held in St. Louis, Mo., Oct. 17-21, 2011.

Suppliers selected to participate will have the opportunity to solicit advice and feedback from MedAssets customers to support their product development. Solutions receiving a high score from MedAssets customers during the event also will be considered for a potential contract award in the MedAssets [ comprehensive contract portfolio ], which includes more than 1,800 contracts with over 1,100 leading manufacturers and distributors of high quality medical products and supplies.

Fostering Innovation in Patient Care

All supplier submissions are screened by members of MedAssets contracting team prior to invitations being issued. Approximately 50 suppliers that do not currently have a MedAssets agreement in place are selected to participate. Submissions will be considered based on potential technology benefits and the ability to deliver significant clinical advancements. Innovative products, equipment and services that improve efficiency or introduce innovation to the supply chain will also be considered.

Over the past nine years, MedAssets customers have purchased more than $128 million in products and services from suppliers who have been awarded contracts through their participation in the event.

aThe Technology & Innovation Forum is a unique way for MedAssets, its customers and suppliers to work together to make innovative healthcare technologies and supplies more accessible to the healthcare industry,a said Les Popiolek, senior vice president of strategic sourcing and procurement solutions, MedAssets. aOur company values direct feedback from our customers to drive the continuous improvement of the products and services within our contract portfolio. Supporting entrepreneurial companies fosters innovation and enables MedAssets to stay in the forefront of assisting healthcare providers as they improve their efficiency and quality of patient care.a

Organizations wishing to exhibit during the Technology & Innovation Forum should complete the [ form ] available on the MedAssets Website. MedAssets welcomes submissions from any supplier with ground-breaking healthcare innovations, including companies that specialize in green technologies or companies which are certified minority or woman-owned businesses. For questions, please send an e-mail to [ technologyinnovation@medassets.com ].

About MedAssets

MedAssets (NASDAQ: MDAS) 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 180 health systems, 4,000 hospitals and 90,000 non-acute healthcare providers, and currently manages $45 billion in annual supply spend. For more information, go to [ www.medassets.com ].

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