MGMA Selects MedAssets Group Purchasing Organization as New AdminiServe Partner

ATLANTA--(BUSINESS WIRE)-- MedAssets (NASDAQ: MDAS), a leading provider of spend management and revenue cycle management solutions for hospitals and healthcare providers, announced today it has been selected by the Medical Group Management Association (MGMA) as an AdminiServe Partner to help MGMA members control their costs and manage their margins. Through its group purchasing organization, MedAssets will provide MGMA members with contracting services and technology, which identify and deliver opportunities for cost-savings.

MGMA is an association for professional administrators and leaders of 13,700 medical group practices representing more than 275,000 physicians. MGMA’s AdminiServe Partner Network consists of a group of suppliers and vendors evaluated by MGMA and peer reviewed by its members. More than 21,500 MGMA members will have access to MedAssets group purchasing organization and its comprehensive contract portfolio of high quality, cost-effective medical products, supplies and services from more than 1,100 manufacturers and distributors.

“MGMA’s mission to continually improve the performance of medical group practice professionals and their organizations directly aligns with MedAssets’ mission to partner with hospitals and health systems to enhance their financial strength through improved operating margins and cash flow,” said William F. Jessee, MD, FACMPE, MGMA president and CEO. “MGMA looks forward to working with MedAssets so that our members can benefit from cost savings, process efficiency and operational improvement opportunities as they face increasing economic constraints.”

MGMA members will benefit from MedAssets’:

  • Data-driven, consultative approach to contracts and utilization to uncover cost-reduction opportunities;
  • Best-in-class technology, offering easy-to-use workflows for systematic savings opportunities, as well as pricing inquiries and contract decisions; and
  • Expanded categories, including purchased services such as document management, support services, utilities, telecommunications and energy and waste management, capital equipment including medical equipment and construction services as well as pharmacy, med/surg as well as food and nutrition.

“We are pleased MGMA recognizes in MedAssets a partner that will continuously raise the bar, driving savings opportunities that directly meet the needs and utilization patterns of its members,” said Rand Ballard, chief operating officer and chief customer officer, MedAssets. “In addition to a comprehensive portfolio designed specifically for MGMA’s unique needs, MedAssets offers choice and flexibility, while yielding measurable, sustainable results.”

MedAssets has set up a toll-free number for MGMA members to receive more information on MedAssets and its GPO services. Contact MedAssets at 877.730.7472 for MGMA-specific questions.

About MGMA

MGMA is the premier membership association for professional administrators and leaders of medical group practices. Since 1926, MGMA has delivered networking, professional education and resources, and political advocacy for medical practice management. Today, MGMA's 21,500 members lead 13,700 organizations nationwide in which some 275,000 physicians provide more than 40 percent of the healthcare services delivered in the United States.

MGMA's mission is to continually improve the performance of medical group practice professionals and the organizations they represent. MGMA promotes the group practice model as the optimal framework for healthcare delivery, assisting group practices in providing efficient, safe, patient-focused and affordable care. MGMA is headquartered in Englewood, Colo., and maintains a government affairs office in Washington, D.C. Please visit mgma.com and follow our Twitter list to find out which medical practices are using social media.

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 125 health systems, 3,300 hospitals and 40,000 non-acute healthcare providers. For more information, go to www.medassets.com.

MDAS/B



CONTACT:

MedAssets
Regina Haas, 678-624-7420
[email protected]

KEYWORDS:   United States  North America  Georgia

INDUSTRY KEYWORDS:   Technology  Data Management  Software  Practice Management  Health  Hospitals

MEDIA:

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