Company Profile:
MedAssets®, a leading business solution provider to healthcare providers in the U.S., aims to improve healthcare providers' cash flow and operating margin from existing operations through its portfolio of revenue cycle, supply chain and decision support initiatives. Through its Merge Technology® platform of proprietary technology and consulting services, providers achieve new levels to business performance in a guaranteed offering. MedAssets, Inc. owns and operates MedAssets Supply Chain Systems (group purchasing organization), Aspen Healthcare Metrics (clinical and supply chain consulting), Avega Health Systems (decision support technology), MedAssets Analytical Systems (supply chain technology) and MedAssets Net Revenue Systems (revenue cycle technology and consulting). 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%. MedAssets builds customized programs to fit the unique strategic goals of each its customers.
Through its supply chain subsidiary, MedAssets Supply Chain Systems, MedAssets seeks to control its customers' supply expenditures for commodity supplies, pharmaceuticals, physician-preference medical devices, and capital equipment through customized supply chain solutions. MedAssets negotiates and administers supply agreements for over $12 billion of annual purchases on behalf of its customers. The proprietary information technology tools of MedAssets Analytical Systems enable customers to implement negotiated supply prices into a more controlled procurement process and to achieve item standardization.
MedAssets' consulting arm, Aspen Healthcare Metrics, is a national clinical service line, healthcare consulting and benchmark data provider with a unique focus on operating margin enhancement. Aspen works with clients to analyze current processes to uncover deficiencies and variations that lead to suboptimal clinical and financial performance. Consultants target top issues, quantify opportunities with industry leading metrics, obtain buy in from stakeholders, design processes to sustain results and build for improvement.
Through its revenue cycle subsidiary, MedAssets Net Revenue Systems, MedAssets seeks to improve providers' net patient revenue from existing operations with best-of-breed revenue cycle software tool-suite focused on strategic pricing, patient charge capturing, denials management and ongoing chargemaster management. CrossWalk® a proprietary tool enables hospitals to accurately capture medical device costs used in key services and gain correct reimbursement. Net patient revenue typically improves within months of engagement.
Avega Health Systems, MedAssets' subsidiary providing decision support technology and services, offers the Alliance Suite to integrate financial, clinical, and administrative information to support decision-making across the healthcare enterprise.
MedAssets offers a customized solution tailored to each customer that solves key operational issues with significant financial benefits. MedAssets' expanding enterprise customer base includes over 100 of the leading healthcare systems, more than 27,000 acute care hospitals and alternate site healthcare providers.
