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Through this agreement, MedAssets will serve as the primary GPO to help the health system maximize its purchasing power. In addition to the GPO, MedAssets will also help Maury Regional to analyze and identify opportunities where the hospital can realize further savings on supplies and pharmaceuticals using MedAssets Strategic Information tools and advanced business intelligence technology. MedAssets will also provide a business analytical review that will help the health system to analyze its clinical costs and identify additional savings opportunities.
Maury Regional also uses a number of MedAssets' revenue cycle management solutions and has been a MedAssets customer since 1985.
"We remain persistent in looking for ways to improve the level of service we provide to our community," said Robert Otwell, chief executive officer, Maury Regional Medical Center. "By finding additional opportunities to reduce our supply costs, we will be able to better position ourselves as a quality provider of healthcare to the middle Tennessee area. With MedAssets, we not only build a great relationship on the GPO side, but we receive the assistance of their expert staff and technology to help us analyze our processes and find additional savings opportunities."
"We are proud that Maury Regional Medical Center has chosen to further our relationship with them on the supply chain management side of their business," said Rand Ballard, chief operating officer and chief customer officer, MedAssets. "We look forward to helping this great healthcare provider identify savings opportunities that will help them continue to thrive."
About MedAssets
MedAssets (NASDAQ: MDAS | Quote | Chart | News | PowerRating) partners with healthcare providers to improve their financial strength by implementing 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, visit www.medassets.com.
About Maury Regional Medical Center
Maury Regional Medical Center (MRMC) is a 275-bed not-for-profit facility located in Columbia, Tennessee. Established in 1953, MRMC has a medical staff of more than 170 physicians, representing more than 30 specialties, and serves approximately 260,000 residents in southern Middle Tennessee with affiliate facilities in Spring Hill, Hohenwald, Lewisburg and Waynesboro. For more information, visit mauryregional.com.
mdas/B
SOURCE: MedAssets, Inc.
MedAssets, Inc. Media Contact: Regina Haas, 678-624-7420 pr@medassets.com or Investor Relations Contact: Robert Borchert, 678-248-8194 rborchert@medassets.com
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