Grady Health System Selects MedAssets for Financial Improvement Initiatives

MedAssets, Inc. announced last week that Grady Health System in Atlanta, signed an agreement for its complete platform of supply chain management solutions. The agreement became effective in January.

Grady Health System includes a 953-bed facility located in downtown Atlanta, a rehabilitation center, and nine neighborhood clinics. Grady is an internationally recognized teaching hospital and operates a nationally recognized Emergency Care Center and Burn Unit, including a Level One Trauma Center. Grady has nearly 5,000 employees and manages almost 800,000 patient visits each year.

MedAssets will provide its supply chain management platform  consisting of group purchasing services, medical device cost management, supply chain data cleansing and management, a customized contract catalog for managing purchase transactions, and analytical software for controlling supplies and pharmaceutical expense.

“Grady currently needs bottom line results, and MedAssets delivers financial improvement,” stated Pam Stephenson, chairperson of Grady Health System board of directors and health system chief executive officer. “The unique and customized solution offered to us and a proven track record to deliver on financial commitments was the foundation for our decision to move to MedAssets.”

John Bardis, chairman, president, and chief executive officer, MedAssets, Inc. stated, “We are delighted to be chosen by Grady Health System to help them reduce cost of supplies and provide helpful tools to their supply chain management team. Based in metro Atlanta ourselves, it is important to MedAssets to help Grady stay financially healthy. Grady’s RFP process was very thorough, open and objective. Grady chose MedAssets for supply cost management and GPO services because the superior financial results we can deliver are in line with their stated goals. Many other healthcare providers are choosing MedAssets and exiting long time relationships with their former GPO for the same reason.”

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, 2,500 hospitals and 30,000 non-acute care healthcare providers.

About Grady Health System
With a steadfast “commitment to the underserved” and a mission to improve “the health of the community by providing quality, comprehensive health care in a compassionate, culturally competent, ethical and fiscally responsible manner,” Grady Health System consists of the 953-bed Grady Memorial Hospital, 9 neighborhood health centers, Crestview Health and Rehabilitation Center, the Infectious Disease Program and Children’s Healthcare of Atlanta at Hughes Spalding, which is operated by a Children’s affiliate. Grady is governed by The Fulton-DeKalb Hospital Authority, a 10-member volunteer board.