A new agreement with the Medical Group Management Association will give MedAssets access to thousands of group practices around the nation who are in need of GPO services.
The announcement is the second in two weeks for MedAssets, which is looking to broaden its base of clients significantly.
The Atlanta-based developer of spend management and revenue cycle management solutions for hospitals and healthcare providers announced Monday that it will become part of the MGMA’s AdminiServe Partner Network, which consists of vendors peer-reviewed and evaluated by the MGMA. Through its group purchasing organization, the company will offer contracting services and technology to more than 21,500 MGMA members nationwide.
“MGMA's mission to continually improve the performance of medical group practice professionals and their organizations directly aligns with MedAssets' mission to partner with hospitals and health systems to enhance their financial strength through improved operating margins and cash flow,” said MGMA President and CEO William F. Jessee, MD. “MGMA looks forward to working with MedAssets so that our members can benefit from cost savings, process efficiency and operational improvement opportunities as they face increasing economic constraints.”
“We are pleased MGMA recognizes in MedAssets a partner that will continuously raise the bar, driving savings opportunities that directly meet the needs and utilization patterns of its members,” added Rand Ballard, MedAssets’ chief operating officer and chief customer officer. “In addition to a comprehensive portfolio designed specifically for MGMA's unique needs, MedAssets offers choice and flexibility, while yielding measurable, sustainable results.”
MedAssets’ services include consulting on contracts, workflow and pricing technology and an expanded list of categories that includes capital equipment (medical equipment and constructions services), pharmacy, med/surg items, food and nutrition items and purchased services, including document management, support services, utilities, telecommunications and energy and waste management.
Last week, the company ventured into new territory in announcing a reseller agreement with Kansas City, Mo.-based Cerner, enabling the healthcare IT giant to offer MedAssets’ financial improvement solutions to its clients. Citigroup analysts praised the deal as a step in the right direction for the company in getting its RCM products out to more providers.
Launched in 1926 and based in Englewood, Colo., the MGMA’s 21,500 members in 13,700 organizations account for roughly 275,000 physicians and 40 percent of the healthcare services delivered in the nation. MedAssets’ client base consists of more than 125 health systems, 3,300 hospitals and 40,000 non-acute care providers.