MedAssets is uniquely positioned to help hospitals manage the changes necessary to improve their financial performance.  With MedAssets breadth and depth of revenue cycle management products and services, supply chain management and service line analytics, we have the expertise to identify the opportunity areas to achieve improvements, the products and services to sustain results and the know-how to manage and drive the change process.

MedAssets’ services provide state of the art technology paired with expert consulting to develop a customized plan for generating savings by improving margins and cash flow, increasing regulatory compliance, and optimizing operational efficiency.

Improve net revenue and cash flow with comprehensive redesign services and solutions.

• Identifies opportunities to increase efficiency and recommends processes, practices and technology to achieve results
• Increase net revenue
• Accelerate cash flow
• Increase collection of expected reimbursement
• Reduce bad debt write-offs 
• Reduce staffing costs and increase technology savings
• Provides data-intensive assessment of revenue cycle performance to quantify ROI, pinpoint greatest areas of opportunity and ensure appropriate payment for services provided
• Review of existing policies and procedures to implement best practices for consistent, sustainable improvements
• Assessment of coding, billing and charge capture
• Development of action plan with obtainable tactics and measures to address issues negatively impacting revenue and cash flow
• Provides consultants with knowledge and expertise that spans the spectrum of the revenue cycle

Supply Chain Services help provide a new roadmap that leads to breakthrough change in how providers manage and deliver savings across the entire supply chain.  Building a program means no longer managing supply costs in a vacuum and involves looking at expense in the context of total costs of the patient encounter, including how clinicians affect the supply process. 

We increase operational and strategic excellence in requisition, purchasing, receiving, inventory, delivery or payment, as well as optimization of people (roles and responsibilities), processes and technology.

Transformational Supply Chain Services are inclusive of all assessments and can include:

• Physician Preference Items
• Process Improvement
• Clinical Value Analysis
• Purchased Services Expense Reduction/Strategic Sourcing 
• Pharmacy Consulting

We also offer Lean Healthcare, which is a continuous improvement journey that permeates the entire organization.    With a combination of thoughtful consultation, planning, communication, and careful preparation, healthcare providers are able to realize quick, measureable success in safety, process, staff morale, and the bottom line.