Strategic Sourcing

Reduce supply costs with a market-leading portfolio

MedAssets maximizes purchasing efficiency by offering a complete contract portfolio of quality, cost-effective products and services from the nation’s leading manufacturers and distributors. MedAssets Strategic Sourcing solutions reduce total supply expense through comprehensive strategies for purchasing across all product categories. Our innovative sourcing approach is proactive to align with clinical consensus and leverages our collective purchasing volume to secure some of the lowest prices in the healthcare industry on behalf of our clients.

Proven Process to Deliver Optimal Results

• Access some of the best-in-industry pricing through the MedAssets national group purchasing organization (GPO) portfolio
• Reduce costs by as much as 5 percent through unique sourcing strategies
• Achieve organization-specific goals through custom contracting opportunities
• Provide guidance and perspective on quality, general contracting processes and more through a national client committee structure
• Gain transparency into supply spend and help track progress toward savings goals using the MedAssets proprietary technology platform

Comprehensive Solutions to Provide Sustainable Savings

We take a proactive approach to obtain client input into sourcing strategies to help four out of five healthcare organizations across the country to provide quality care at the best value.

• National GPO Portfolio of quality, cost-effective products from the nation’s leading manufacturers and distributors improves purchasing efficiency by taking advantage of purchasing volumes to negotiate best pricing on national contracts. Categories include medical/surgical, cardiology/cath lab, radiology, laboratory, food and nutrition, pharmacy and non-medical supplies
• Purchasing Events drive savings on capital purchases through three exclusive sourcing opportunities—Pre-Commitment, Group Buy and Bulk Buy.
  • Pre-Commitment Program aligns business and clinical objectives to deliver high quality supplies at the lowest cost, based on a committed, live negotiation process between clients and suppliers.
• Purchased Services provide transparency for all categories of purchased services, including facility support services, energy cost management, insurance programs, information technology and telecommunications. Using a data driven, consultative approach based on contracts, as well as utilization, MedAssets is able to uncover and deliver sustainable cost-reduction opportunities.

Leverage the negotiating skills of the MedAssets team to organize and commit Integrated Health System purchasing volume for truly customized solutions.

Uncover savings opportunities with CDQuick®, a searchable, internet-based e-catalog that also measures contract and price compliance.