This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Sharp HealthCare Selects MedAssets To Pursue Supply Chain Savings Opportunities And Improve Cost Management Effectiveness

Stocks in this article: MDAS

MedAssets (NASDAQ: MDAS) today announced that Sharp HealthCare (Sharp), San Diego County’s largest healthcare system, has selected the company’s Spend and Clinical Resource Management solutions to pursue savings opportunities and improve cost management effectiveness.

Under terms of the agreement, Sharp expects to realize value from access to the buying power of MedAssets strategic sourcing solutions, including the company’s national group purchasing (GPO) contract portfolio for medical/surgical supplies, pharmaceuticals, laboratory supplies, capital equipment and construction services, food and nutrition, and purchased services. The health system will also utilize MedAssets data-driven clinical cost management capabilities to quantify and implement achievable cost-saving opportunities for physician preference items (PPI). In addition, Sharp will implement a number of MedAssets supply chain analytical tools to provide greater data transparency and make sure purchases are on the right contract on the right tier and at the right price.

“At Sharp, we always strive to provide our community with the best healthcare service possible,” said Ann Pumpian, senior vice president and chief financial officer, Sharp HealthCare. “This business relationship will support our ongoing efforts to find cost efficiencies as we manage amidst the financial pressures now pervasive throughout our nation’s healthcare delivery system. Lowering supply cost is yet another way we can support our vision of being the best place to work, the best place to practice medicine and the best place to receive care.”

“We are gratified that Sharp HealthCare has chosen MedAssets to deploy new sourcing strategies,” said John Bardis, chairman, president and chief executive officer, MedAssets. “MedAssets possesses a track record of helping healthcare organizations across the country achieve proven, sustainable savings and cost management success. We look forward to working with this valued new client in support of their mission to serve patients and their community.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs