2008-07-15 10:00:00
ATLANTA–(EMWNews)–MedAssets, Inc. (NASDAQ: MDAS) announced today that MedAssets Supply
Chain Systems, a MedAssets company, and the Arizona Hospital and
Healthcare Association (AzHHA) have entered into an agreement that marks
AzHHA’s first affiliation with a revenue cycle
and spend management services provider, including its first group
purchasing organization (GPO) affiliation.
AzHHA’s agreement with MedAssets is focused on
helping to improve the financial performance of any of the 108 hospitals
within AzHHA’s service corporation by
implementing integrated spend management and revenue cycle solutions
that help control cost, improve margins and cash flow, increase
regulatory compliance, and optimize operational efficiency.
The affiliation will allow AzHHA to provide its member facilities access
to a larger health care contract portfolio with greater savings,
expanded pharmacy services including audit and analytical capabilities,
and an enhanced selection of products and services that can be viewed
using MedAssets’ online contract catalog,
CDQuick®.
Additionally, the agreement includes access to cost management programs
as well as clinical and supply chain consulting services.
This affiliation also equips AzHHA with access to MedAssets’
suite of revenue management solutions, designed to help with all aspects
of the hospital revenue cycle workflow including the unique linkage of
the supply item file to the chargemaster, patient bill estimation and
point-of-service collection programs, claims, remittance and contract
management, silent PPO recovery, concurrent and retrospective denial
management, accounts receivable services, charge capture, defensible
pricing, and decision support technology.
“AzHHA is continually seeking tools and
services to support member hospitals and promote quality healthcare in
our state. This partnership could be extremely significant to Arizona’s
hospital community and, ultimately, the people they serve,”
said Jim Haynes, AzHHA’s vice president of Finance. “MedAssets
offers tools that have a high ROI. All of our facilities –
both large and small – can benefit from
technology that increases efficiency, reduces errors and improves the
bottom line.”
MedAssets’ mission is to improve the
financial health of healthcare providers so they can continue to provide
the highest quality of care in their communities.
About MedAssets
MedAssets (NASDAQ: MDAS) partners with healthcare providers to
improve their financial strength by implementing integrated spend
management and revenue cycle solutions that help control cost, improve
margins and cash flow, increase regulatory compliance, and optimize
operational efficiency. MedAssets serves more than 125 health systems,
3,300 hospitals and 30,000 non-acute care healthcare providers. For more
information, visit www.medassets.com.
About Arizona Hospital and
Healthcare Association
The Arizona Hospital and Healthcare Association (AzHHA) is comprised
of 108 active members. The Association provides leadership on issues
affecting the delivery, quality, accessibility and cost effectiveness of
healthcare in Arizona. For more than 60 years, AzHHA has advocated for
Arizona’s hospitals and their patients, also serving as an information
source and educator on healthcare issues. For more information about
AzHHA, visit www.azhha.org.
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