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.”