Jackson Health Signs Transformational Spend Management Agreement with MedAssets

ATLANTA--(BUSINESS WIRE)-- MedAssets, Inc. (NASDAQ: MDAS) announced today that Jackson Health System has selected the Company as its strategic partner to implement MedAssets’ transformational approach to significantly lower supply costs, drive operational efficiencies and engage physicians in the cost and clinical utilization management improvement process.

Based in Miami-Dade County, Jackson Health System is an integrated healthcare delivery system with 2,482 licensed beds, is the third largest teaching hospital in the United States, and generated net patient revenue of $1.1 billion in 2009. Following a competitive process, MedAssets was selected based on the Company’s proven ability to reduce supply chain costs and deliver operational and clinical performance improvement.

To transform the system’s supply chain and clinical cost management processes, MedAssets will deploy a consultative strategic sourcing approach to reduce overall supply costs and resource utilization. The new multi-year partnership includes group purchasing (GPO) services, physician preference item consulting and sourcing, and supply chain analytics. Jackson Health System will also implement MedAssets’ Web-based Service Line Analytics tool to identify additional opportunities for cost improvements using actionable information to drive process improvements.

“The agreement with MedAssets is designed to improve Jackson Health’s long-term sustainability by managing spend and driving efficiency,” said David Small, chief operating officer, Jackson Health. “Our goal is to eliminate costs and engage our entire workforce in identifying savings opportunities and increasing our process efficiency so that we can continue to serve the citizens of Miami with their healthcare needs.”

"MedAssets is pleased that this strategic partnership will assist Jackson Health by applying our proven best practices to the health system’s spend management processes,” said Rand Ballard, chief customer officer and chief operating officer, MedAssets. "Together, we will work to identify ways to drive costs out of the health system and implement key strategies to help transform Jackson Health into a more efficient, sustainable organization for the Miami community.”

About Jackson Health

Jackson Health System, an integrated healthcare delivery system, consists of its centerpiece, Jackson Memorial Hospital; multiple primary care and specialty care centers; a variety of school-based clinics serving many elementary, middle and high schools; two long-term care nursing facilities; six Corrections Health Services clinics; a network of mental health facilities; Holtz Children’s Hospital, Jackson Rehabilitation Hospital, Jackson Mental Health Hospital, Jackson North Medical Center and Jackson South Community Hospital. Governed by the Public Health Trust, a dedicated team of citizen volunteers acting on behalf of the Miami-Dade Board of County Commissioners, Jackson Health System ensures that all residents of Miami-Dade County receive a single high standard of care regardless of their ability to pay.

About MedAssets

MedAssets (NASDAQ: MDAS) 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 180 health systems, 4,000 hospitals and 75,000 non-acute healthcare providers. For more information, go to www.medassets.com.

MDAS/B



CONTACT:

For MedAssets, Inc.
Media Contact:
Regina Haas, 678-624-7420
[email protected]
or
Investor Contact:
Robert Borchert, 678-248-8194
[email protected]

KEYWORDS:   United States  North America  Florida  Georgia

INDUSTRY KEYWORDS:   Technology  Data Management  Software  Health  Hospitals  Other Health  Professional Services  Finance

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