Jackson Health System Renews Relationship with MedAssets for Cost Management and Analytics Solutions

MedAssets

today announced that Jackson Health System (Jackson), a not-for-profit academic medical system serving residents of Miami-Dade County, renewed its supply chain relationship with the company to achieve greater cost reduction across the organization. Plans call for Jackson to continue use of MedAssets Spend and Pharmacy Analytics, which help health systems monitor and control pharmacy and med/surg supply costs and improve contract negotiations through advanced analytics. The system also will continue to gain access to industry-leading pricing on supplies with the company's national group purchasing organization. The renewal builds upon savings of more than $42 million since 2010 by leveraging MedAssets supply chain solutions as well as its recently completed enterprise consulting engagement, which focused on utilizing data-driven insights, evidence-based technologies and consulting expertise for sustainable margin improvement. "The enacted Affordable Care Act legislation and continued pressure on reimbursement are driving hospitals and health systems like Jackson Health System to lower their cost structure and better manage the total cost of care delivery while maintain quality metrics," said Rosa Costanzo, vice president and chief procurement officer, Strategic Sourcing and Supply Chain Management Division, Jackson Health System. "Our work with MedAssets on cost reduction has delivered significant financial value and enhanced our operational and clinical excellence as we strive to provide the highest standard of care. MedAssets is an integral part of our team, helping us build an operational foundation based on data and transparency, and we look forward to continuing our partnership with them to best serve our community." "We are excited that Jackson Health System has elected to continue working with MedAssets on its path to achieve savings opportunities and long-term optimization initiatives," said Mike Nolte, president and chief operating officer, MedAssets. "As healthcare systems look to manage costs and align price, process and patient care quality, MedAssets offers innovative strategies and advanced analytics that fully optimize supply chain operations." Jackson also utilizes MedAssets Recovery & Collections, Patient Access, Claims & Billing, Charge Pricing & Compliance and Contract & Episode Management solutions to align reimbursement strategies, optimize financial performance and achieve coding compliance and best practice charging information.