Contracting Process

Home

About Us

Vendor Selection & Contracting Process

MedAssets uses a team-based research approach to determine the needs of our customers and to offer the best value, broad-based contracts and services. We strive for beneficial financial outcomes for all partners. All awards are processed with the followings contracting steps, and the final award approval is made in the MedAssets contracting office in based on customer direction.

Contracting Steps

Step one: Needs assessment

Input from MedAssets Contracting Advisory Committees (see Quality Assurance Program) for each contracting program
Analysis of customer and industry needs
Market research with customers, trend analysis of products, new product development
Inputs from vendors via our web site, meetings, and mailings

Step two: Request for information

RFI submitted to gain information from marketplace
Market research on product information
Survey of customer base and/or committee members on RFI results

Step three: Analysis of RFI submissions

Customer coordination
Committee inputs
Market research on data submitted

Step four: Request for Proposal/Contract Template submitted for proposals

Specifications sent with bid

Step five: Analysis of bids

Financial analysis
Analysis of bids to customer needs
Committee inputs as appropriate

Step six: Negotiations by contracting staff

Step seven: Contract award (using program/customer guidance)

Step eight: Implementation

e-Catalog input
Customer communications via web, newsletters, RDs, e-mails, direct mailings
RAMP (MedAssets Internal sales/tracking tool)

Step nine: Evaluation

Verification of utility to customer
Sales data evaluation and comparison to estimate
Verification of accurate data collection
Modification if necessary, up to and including cancellation if necessary

Discover how MedAssets can help your bottom line

Denials Management

Improve net revenue collections by immediately identifying denials for timely resolution, appeal and recovery.

Cooper University Hospital

Cooper University Hospital improves net revenue collections by $36 million with third-party services to augment in-house resources to handle underpayment claims review process and recovery.

Vendors
- Contracting Process
- How do I become a MedAssets vendor?
- Vendor Certification Application
- Bid Calendar
- Vendor Reporting Format
- Vendor Diversity
- Vendor Benefits
- Marketing Opportunities
- Grievance Process
- Request for VendorNet

MedAssets | Terms of Use | Privacy Policy | Sitemap