This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Alameda County Medical Center And MedAssets Announce Multi-Year Change Management Initiative To Improve Access To Care And Lower Costs

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.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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!


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

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