MedAssets Furthers Relationship - Analyst Blog
April 03 2013 - 10:50AM
Zacks
MedAssets, Inc.
(MDAS), a company dedicated to revenue cycle management (RCM) and
supply chain management, recently revealed a deal with Kettering
Health Network of Ohio which will enable the health network to more
efficiently utilize its revenue cycle flows.
This agreement comes on top of an
existing deal which has yielded substantial benefits for Kettering.
According to the company, the agreement reflects the capability of
its software to improve operational and fiscal
performance.
MedAssets has a track record of
enhancing economy and efficiency of healthcare entities. Kettering
has been using MedAssets Access, Charge and Reimbursement Integrity
offerings and RCM offerings for about 6 years.
Kettering Health Network is a non
profit set up of 75 ambulatory centers, eight emergency facilities
and seven hospitals in Northern Cincinnati and Greater Dayton.
Kettering offers medical facilities for many conditions and age
groups. It has unified its facilities under one network.
MedAssets teams with health-related
entities to implement revenue cycle management and other offerings
that curb costs and lead to better margins and cash flow. The
company works with over 4,200 hospitals and 122,000 health
providers. It handles $50 billion in health supply expenditure and
slightly more than $365 billion in overall patient revenue.
We currently have a Zacks Rank #3
(Hold) on MedAssets. We are more positive about Air Methods
Corp. (AIRM), which carries a Zacks Rank #1 (Strong Buy).
Further, Becton, Dickinson and Company (BDX), and
The Cooper Companies Inc. (COO) each carry a Zacks
Rank #2 (Buy) and are expected to do well.
AIR METHODS CRP (AIRM): Free Stock Analysis Report
BECTON DICKINSO (BDX): Free Stock Analysis Report
COOPER COS (COO): Free Stock Analysis Report
MEDASSETS INC (MDAS): Free Stock Analysis Report
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