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Purchasing Events 

Optimize savings on your capital purchases

MedAssets Purchasing Events empower you to select the right technology for the best value through strategic sourcing strategies and coordination of your purchase. We offer three purchasing strategies to help providers to:

  • Purchase the best technology at the best value using the relevant sourcing strategy
  • Maximize savings on essential capital equipment purchase
  • Ensure high quality and best value decisions through the customer-driven process
  • Align strategic plans to the best sourcing opportunity

Live Group Buys
Maximize savings opportunities on imaging devices like MRIs and CTs through our live competitive bid process. Our customers drive the live group buy process, laying out clinical, technical and service requirements in advance, along with the weighting scale for each criteria. We then bring the vendors to one location for live vendor presentations and negotiations.

MedAssets helps assess the total cost of ownership—taking into account extended warranties, payment terms and service coverage—for consideration as the live vendor presentations and negotiations take place. In the end, customers select the manufacturer, and MedAssets executes the contract to ensure the protection essential for the purchase.. The result: Live Group Buy participants have up to one year to buy the equipment at the superior value achieved through client commitment and participation.

Quarterly Group Buy
For the quarterly group buy, MedAssets identifies diagnostic imaging modality purchasing trends through customer input and aggregates spend into a single quarterly sourcing event.  Leveraging our collective buying power, MedAssets negotiates special, one-time discounts and other enhancements beneficial to our customers on a quarterly basis.

Bulk Buys
Bulk Buys is a purchasing program that aggregates a large quantity of medical device equipment into a single sourcing event. Participating facilities achieve savings on upfront purchase price, maintenance/service costs and total cost of acquisition. Aggregated volume combined with our negotiation expertise helps customers achieve an average of 5 percent savings.

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Improve your
Operating Margins

MedAssets improves
and sustains
operating margins
by 1.5% to 5%.

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Featured Case Study
Wellmont Health System
Reliable conclusive benchmarking data convinces physicians to ally in a process that reduces costs while preserving physician choice.  Wellmont saves 14 percent on its overall physician preference item (PPI) expenditures for a projected annual savings of $2.5 million and $1.5 million for two of Wellmont’s largest hospitals.
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Educational Events
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