MedAssets is a healthcare performance improvement company focused on helping providers realize financial and operational gains so that they can sustainably serve the needs of their community. For more than a decade, we've been challenging convention and helping push the healthcare industry forward. We understand the unique needs of each client, and our solutions are tailored to the client's strategic plan and market and organization dynamics. The specialized talents of our people reflect our passion for improving healthcare. We employ approximately 3,200 men and women who advise, support and perform the core business operations of more than 4,200 hospitals and 122,000 non-acute healthcare providers.
We estimate the total U.S. market opportunity for our existing solutions is greater than $12 billion. Our technology-enabled services seamlessly integrate with our clients' existing IT systems infrastructure, with minimal upfront cost. As a leading healthcare performance improvement partner, MedAssets currently manages more than $50 billion in total supply chain spending by hospitals and other healthcare providers, and touches more than $365 billion in gross patient revenue annually.
Our holistic approach to improving performance is concise, compelling and consistent. We demonstrate the full value we can deliver to healthcare organizations in our ability to:
Reduce Total Cost of Care - Manage cost reduction strategies for healthcare organizations in a systemic approach to drive sustainable change
Enhance Operational Efficiency - Lean and process improvement programs decrease overall length-of-stay
Align Clinical Delivery - Assess clinical performance of costs and outcomes to reduce variation in care delivery
Improve Revenue Performance - Establish defensible pricing based on costs and compliance
This pragmatic path for sustainable financial, operational and clinical performance improvement combines our web-based technology with market-leading cost and clinical resource management, purchasing, and revenue cycle solutions, change management consulting, embedded management and process improvement services, and data and analytics tools. We help our clients to progress beyond cost containment to optimize operations, improve overall viability and enable sustainable quality care delivery.
MedAssets is committed to serving the best interests of our stockholders, clients, employees and prospective investors. On these pages, you can find important, valuable corporate and financial information to help you gain a better perspective of the MedAssets business operations and financial performance.
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