Advocate Health Care renews performance improvement relationship with MedAssets

MedAssets (NASDAQ: MDAS) today announced that Advocate Health Care (Advocate), a 12-hospital, 3,300-bed health system based in Downers Grove, Ill., renewed its performance improvement relationship with MedAssets to drive sustainable cost reductions, improve operational efficiencies and ultimately, the standard of care. The renewal builds upon Advocate's recent success in total cost management initiatives including MedAssets Strategic Sourcing, Capital and Construction, Procure-to-Pay solutions and Cost Analytics.

"Our health system continues to invest in our partnership with MedAssets to help us control costs and improve quality so that our patients can receive optimal care," said Tom Lubotsky, vice president, Supply Chain and Clinical Resource Management, Advocate Health Care. "We have truly transformed our organization, moving from traditional methods of improving financial performance to becoming a progressive supply chain that operates even more closely with our physicians to improve the clinical effectiveness of our acquired products, technologies, equipment and services. We have an effective approach for lowering costs, improving efficiency and quality of care, and that's what matters most to our community."

Innovation Drives Strategic Cost Management Approach

"Improving the standard of care begins with establishing a sustainable cost structure," said John Bardis, chairman, president and chief executive officer, MedAssets. "As healthcare continues to fundamentally change, healthcare providers, like Advocate, are focused on innovative cost reduction strategies that can lead to a clinically-integrated supply chain. As the leading healthcare performance improvement company, we are dedicated to helping our clients connect the dots between price, resource utilization and care quality to sustain measurable results. We are honored that Advocate Health Care continues to entrust our expertise and technology-enabled solutions, and we look forward to continuing our partnership to make their care resources more efficient and effective."