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TMCNet:  Marin General Hospital Engages MedAssets Comprehensive Capabilities to Deliver More Efficient Healthcare

[December 05, 2013]

Marin General Hospital Engages MedAssets Comprehensive Capabilities to Deliver More Efficient Healthcare

ATLANTA --(Business Wire)--

As part of its ongoing commitment to drive continuous performance improvement for healthcare organizations, MedAssets (NASDAQ: MDAS) today announced that California-based Marin General Hospital (MGH) is the latest provider to engage the company for a comprehensive cost and operational management improvement initiative.

As part of the agreement, MedAssets is serving in an advisory and execution role to support MGH in optimizing clinical support resources while strengthening its community role as a provider of high quality care. Following an enterprise-wide assessment of performance improvement opportunities, the hospital will execute a tailored action plan that includes Strategic Sourcing, Lean Healthcare Education and Performance Improvement Consulting, Supply Chain Solutions, Clinical Resource Management, as well as Procure-to-Pay Solutions and Purchased Services. MdAssets Revenue Cycle Solutions will also play a critical advisory and consulting role in enhancing cash flow as the engagement positions MGH on a pragmatic path to sustainable financial, operational and clinical improvement.


"We have a responsibility to patients, employees and residents of our community to do everything we can to improve operational efficiency," said Lee Domanico, chief executive officer, Marin General Hospital. "We look forward to working with MedAssets toward that goal."

Comprehensive Capabilities to Help Providers Align Price, Process, Payment and Patient Care

According to MedAssets Chairman, President and Chief Executive Officer, John Bardis, the MGH agreement exemplifies the basis of MedAssets recently announced new brand positioning designed to better reflect its holistic approach to meet evolving provider business needs.

"Despite the uncertainty and ongoing national debate on healthcare reform, it is certain all healthcare organizations face serious financial and market challenges regardless of local market situation," said Bardis. "Price, process, payment and patient care have to align with one another so that ultimately providers can be accountable to the patient as a consumer. The Affordable Care Act places the patient in the new role to judge value at the intersection of price. MedAssets offers a proven path to lower costs, improve quality through care coordination and increased use of actionable data to create clarity and improved efficiency. We all win when care resources become more affordable and efficient."

MedAssets offers an expansive solution portfolio, industry expertise and data-driven methodologies to enable providers to focus on four key areas to improve overall performance: reducing total cost of care; enhancing operational efficiency; aligning clinical delivery; and improving revenue performance. More information about MedAssets performance improvement solutions is available at www.medassets.com. Check out the new MedAssets corporate video.

About Marin General Hospital

Marin General Hospital, located in Greenbrae, CA (News - Alert), is the only full-service, acute care hospital in Marin County. The 235-bed facility was established in 1952, and is owned by theĀ Marin Healthcare District. The hospital is committed to providing quality health programs and services to the citizens of this community. For more information, please visit www.maringeneral.org.

About MedAssets

MedAssets (NASDAQ: MDAS) is a healthcare performance improvement company focused on helping providers realize financial and operational gains so that they can sustainably serve the needs of their community. More than 4,200 hospitals and 122,000 non-acute healthcare providers currently use the company's evidence-based solutions, best practice processes and analytics to help reduce the total cost of care, enhance operational efficiency, align clinical delivery, and improve revenue performance across the are continuum. For more information, please visit www.medassets.com.

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