MedAssets, Inc. (NASDAQ: MDAS) and Alameda County Medical Center (ACMC) announced a comprehensive, multi-year agreement to improve access to care, enhance overall patient and physician satisfaction, improve processes and reduce ACMC’s total costs of care delivery. In its advisory services role, MedAssets will coordinate and integrate up to a dozen performance improvement and change management initiatives to drive best practices for optimal operating efficiency and effectiveness.
Plans call for MedAssets to leverage its clinical value analysis expertise to increase the quality of care delivery and enable better management of the costs of expensive PPI, or physician preference items, through physician alignment. The company will also help ACMC cut its supply expenses through its Strategic Sourcing capabilities to save money on commodity medical supplies, pharmaceuticals, purchased services, and construction and capital equipment. In addition, MedAssets will implement its Workforce Solutions capabilities in order to optimize precision of clinical staffing and improvement of processes at all points of care.
“We began this process looking for a strategic consulting partner who shared our vision to maximize the capacity of our health system to serve our community, as well as our concerns for managing operating costs,” said Wright L. Lassiter, III, chief executive officer, Alameda County Medical Center. “MedAssets offers an unmatched track record in designing, coordinating and implementing multiple initiatives efficiently for large and complex organizations, and we were impressed with the depth and breadth of their expertise. These qualifications made them the right choice for our patients, our physicians, and the community we serve.”
“MedAssets is honored to have been selected as a strategic partner for a transformation project of this scope and importance,” said John Bardis, president, chairman and chief executive officer, MedAssets. “We share Alameda County Medical Center’s vision and passion for improving access to affordable healthcare. By helping their team achieve financial and performance improvement, we will gain the duel satisfaction of improving the capacity for care in the Alameda County community, while demonstrating the power of our comprehensive, technology-enabled services, and consulting and advisory solutions when applied at an enterprise-level capacity.”