Focus on clinical integration and operational efficiency to lower costs and improve quality outcomes
CHRISTUS Health Renews Relationship with MedAssets to Build upon $114 Million in Savings since 2009
MedAssetsMedia Contact:Robin Wrinn, 678-624-7420orInvestor Contact:Robert Borchert, 678-248-8194
MedAssets (NASDAQ:MDAS) today announced that Texas-based CHRISTUS Health, a Catholic, not-for-profit health system, has elected to renew its long-standing relationship with MedAssets to build upon its successful performance history driving down costs and optimizing supply chain processes while delivering high quality care. The new agreement builds upon more than $114 million in documented savings since 2009 – $52.6 million of which was achieved in fiscal years 2012 and 2013 – through MedAssets procurement solutions, outsourced supply chain services and clinically aligned process consulting.
“As our health system prepares for the impact of broad health reform initiatives, including new reimbursement models, we continue to implement innovative initiatives to better manage our total costs while improving quality of care,” said Paul Generale, vice president and senior financial officer, CHRISTUS Health. “MedAssets has been an instrumental partner in helping improve our financial performance, operational efficiency and clinical processes. By leveraging MedAssets services, and technologies, we have been able to exceed our financial improvement goals each year, and we are confident that we will continue to see significant value from the relationship.”
In addition to the renewed agreement for supply chain and procurement operations, CHRISTUS Health also expanded its relationship with MedAssets in an effort to drive improvement in care delivery, patient outcomes and cost through a Lean-led process focused on utilization, supply costs and physician alignment. MedAssets team of experts will incorporate comprehensive data analytics to compare service line hospital performance, key quality indicators and conduct an assessment of physician performance to successfully optimize efficient, sustainable process improvement for clinically-aligned care delivery.
“Since our inception, CHRISTUS Health has focused on delivering consistent, high quality care,” said John Gillean, executive vice president and chief clinical officer, CHRISTUS Health. “By utilizing proprietary technologies and clinical expertise, we will be able to instill organizational awareness of clinical value into the supply chain. MedAssets will act as a strategic partner with our organization in identifying strategies from improvements in clinical utilization, physician alignment and clinical integration, ultimately enabling us to reduce costs and improve patient and operational outcomes.”
“MedAssets is honored to continue to deliver sustainable operational, clinical and financial performance improvement to CHRISTUS Health,” said John Bardis, chairman, president and chief executive officer, MedAssets. “Through a proven methodology of cost analysis and clinical outcomes, and through our national scale and breadth of capabilities, we are able to help our clients build a sustainable community enterprise. Engaging executive management and physicians in a proven data-driven, change management approach enables our client’s to realign resource management to reduce clinical resource consumption, increase service line profitability and improve organizational quality and efficiency.”
CHRISTUS Health, an international Catholic, faith-based, not-for-profit health system, is headquartered in Dallas and is comprised of almost 350 services and facilities, including more than 60 hospitals and long-term care facilities, 175 clinics and outpatient centers and dozens of other health ministries and ventures. CHRISTUS services can be found in 60 cities in Texas, Arkansas, Iowa, Louisiana, Georgia, and New Mexico in the U.S. and Chihuahua, Coahuila, Nuevo León, Puebla, San Luis Potosí, and Tamaulipas in Mexico. The system employs approximately 30,000 Associates and has over 9,500 physicians on facility medical staffs who provide care and support for patients. CHRISTUS Health is listed among the top ten Catholic health systems in the U.S., and provided more than $259.7 million in total community benefit in Fiscal Year 2012, which equates to more than $711,600 a day in community benefits. For more information, please visit .
MedAssets (NASDAQ: MDAS) helps healthcare organizations to improve financial strength through innovative revenue cycle, spend and clinical resource management solutions that enable improved margins, cash flow, quality of care and patient satisfaction. More than 4,200 hospitals and 122,000 non-acute healthcare providers currently use the company's Web-based technologies and evidence-based solutions to help capture revenue, control cost, increase regulatory compliance and optimize operational efficiency to improve the care delivery process. As a result, the company manages annually more than $50 billion in healthcare supply spend and touches over $365 billion in gross patient revenues. For more information, please visit .