MedAssets to Provide Spend Management Solutions to RehabCare
May 25 2010 - 11:00AM
Business Wire
MedAssets (NASDAQ: MDAS) announced today that it will provide
its spend management solutions to RehabCare (NYSE: RHB), a national
provider of long-term acute care and rehabilitation services, in
order to drive cost savings and standardization in RehabCare’s
supply procurement process.
MedAssets is working with RehabCare to develop a spend
management strategy designed to meet the specific commodity and
operations needs of long-term and post-acute care providers in
order to lower acquisition costs while maintaining its commitment
to patient care. MedAssets will serve as RehabCare’s primary group
purchasing organization (GPO), using the Company’s flexible
contracting model to enhance efficiency and reduce costs across its
entire supply chain. RehabCare will also be able to better analyze
and control its pharmacy spend at all of its facilities using
MedAssets’ supply chain analytics solutions.
“MedAssets has a great reputation for helping healthcare
providers lower costs and improve efficiency in supply chain
operations,” said Kevin Gross, senior vice president of operations
for RehabCare. “We look forward to MedAssets providing tools and
expertise to help us lower our acquisition costs and improve the
efficiency of our procurement process.”
Rand Ballard, MedAssets’ chief operating officer and chief
customer officer, stated, “Like many healthcare providers across
the country, RehabCare is focused on controlling rising healthcare
costs by lowering its supply costs and finding innovative ways to
bring more efficiency to its supply chain. As a spend management
partner for acute and non-acute healthcare providers, MedAssets
looks forward to helping RehabCare reduce its supply costs.”
About RehabCare
Established in 1982 and headquartered in St. Louis, Mo.,
RehabCare is a leading provider of rehabilitation program
management services in partnership with more than 1,260 hospitals
and skilled nursing facilities in 41 states. The Company also owns
and/or operates 34 long-term acute care and freestanding
rehabilitation hospitals across the country. For more information,
go to www.rehabcare.com.
About MedAssets
MedAssets (NASDAQ: MDAS) partners with healthcare providers to
improve their financial strength by implementing 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 40,000 non-acute healthcare providers.
For more information, go to www.medassets.com.
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