MedAssets Extends And Builds On 12-Year Supply Chain Management Relationship With Hawaii Pacific Health
ATLANTA--(BUSINESS WIRE)--MedAssets, Inc. (NASDAQ: MDAS) announced today that Hawaii Pacific Health, located in Honolulu, HI, has extended its 12-year GPO relationship with MedAssets through 2014, and has added key supply chain management solutions to the relationship. MedAssets solutions help the non-profit health system pursue its goal to ‘strive each day to deliver the highest quality of care through compassion, innovation and efficiency.
In addition to its group purchasing organization (GPO) services, MedAssets will provide a number of important supply chain management services, including Strategic Information (SI), Strategic Information for Pharmacy (SIRx) as well as Supply Chain Optimization and Performance Analytics tools. SI identifies supply spend savings opportunities with greater data transparency, while SIRx ensures pharmacy purchases are executed within the best price tier available and all rebates are collected. MedAssets' Supply Chain Optimization and Performance Analytics tools will help to support Hawaii Pacific Health's process improvement initiatives in its supply chain by providing actionable data and analysis to standardize supplies and associated pricing throughout their hospital system to drive additional cost savings.
For more than a century, Hawaii Pacific Health has provided quality service to those in Hawaii and the Pacific Region. Hawaii's medical network includes six affiliate hospitals, Kapi'olani Medical Center for Women & Children, Kapi'olani Medical Center at Pali Momi, Straub Clinic & Hospital, Wilcox Memorial Hospital, Kauai Medical Clinic and Kapi'olani Medical Specialists. Hawaii Pacific Health is known for their quality of care in women's health, cardiovascular medicine, bone and joint services, pediatric medicine and oncology.
"We are pleased to continue as the primary GPO and supply chain management service provider for Hawaii Pacific Health," stated Rand Ballard, chief operating officer and chief customer officer, MedAssets, Inc. "MedAssets is committed to serving Hawaii and to help achieve great financial savings through sustained supply chain improvement so they may continue to provide quality care to their community."
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 Hawaii Pacific Health
Hawaii Pacific Health is the state's largest healthcare provider. At the heart of our non-profit network are six affiliates focused on delivering the highest quality and most accessible healthcare – Kapi'olani Medical Center for Women & Children, Kapi'olani Medical Center at Pali Momi, Straub Clinic & Hospital, Wilcox Memorial Hospital, Kauai Medical Clinic and Kapi'olani Medical Specialists. Hawaii Pacific Health helps its physicians, hospitals and clinics fulfill their mission by investing in new services, promoting excellence and efficiency, and recruiting the best healthcare providers. Hawaii Pacific Health strives to be a community health partner by serving as a safety net provider for the poor and strongly advocating for health-minded policies. One of the state's largest private employers, Hawaii Pacific Health also contributes more than a half billion dollars to the local and state economy each year and supports an array of regional businesses. For more information, visit www.hawaiipacifichealth.org.
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