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.”
About Alameda County Medical Center
Alameda County Medical Center is a nationally recognized public healthcare system with more than 2,800 employees, 500 physicians, and 475 accredited beds. ACMC provides comprehensive, high quality medical treatment and compassionate care to all residents of Alameda County. The integrated system of hospitals, clinics, and health services is staffed by healthcare professionals who are responsive to the diverse cultural needs of our community. ACMC fosters a learning environment with a wide range of educational programs and activities including medical research and education for students, interns and residents as well as continuing medical education for medical, nursing and other staff. ACMC operates six facilities: Highland Hospital in Oakland, John George Psychiatric Pavilion in San Leandro, Fairmont Hospital in San Leandro and three community-based wellness centers. The system provides a range of services from family and women's health to pediatrics, oncology and orthopedics. For more information please visit www.acmedctr.org.
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing revenue cycle, spend and clinical resource management solutions that help capture revenue, control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 4,200 hospitals and 100,000 non-acute healthcare providers. The company currently manages $48 billion in supply spend and touches over $340 billion in gross patient revenue annually through its revenue cycle solutions. For more information, go to www.medassets.com.