MedAssets Honors Suppliers Containing Costs of Healthcare Delivery
MedAssets Inc. (NASDAQ:MDAS) today announced the recognition of several
suppliers for their role in helping healthcare organizations control
costs in the face of immense operating challenges. Tom Caldwell, vice
president of National Accounts, Baxter Healthcare Corporation (Baxter),
received the 2010 President's Supplier Award for his leadership and
exemplary sales and market growth throughout a long-term career. In
addition, Phillips Healthcare and Bergelectric were recognized for
delivering the highest amount of total dollar and percentage savings to
MedAssets customers in 2010. In total, more than 200 suppliers were
awarded for cost containment achievements. All winners were recognized
at the 2011 MedAssets Healthcare Business Summit held April 25-29.
As one of the leading providers of healthcare supply chain management
solutions, MedAssets develops relationships with suppliers in order to
help healthcare providers improve their financial health without impact
to care quality. The group purchasing agreements support cooperation and
competitive pricing for the high-quality goods and services hospitals
need to deliver care in their communities.
"Tom has provided valuable savings to MedAssets customers, and has
demonstrated superior contract value which has led to exemplary sales
and market share growth for both MedAssets and Baxter," said Rand
Ballard, senior executive vice president, chief operating officer and
chief customer officer, MedAssets. "The supplier awards provide insight
into the many factors that impact the costs of care delivery. By
providing more affordable supplies and devices, companies like Baxter,
Philips and Bergelectric help to alleviate the margin pressures
hospitals are facing. In large part, they help to create value and make
care more affordable."
President's Supplier Award
Caldwell has held a long-term career at Baxter serving in multiple
executive roles. His most recent position was Vice President of Sales
where he spent the past 11 years working with group purchasing
organizations (GPOs), including MedAssets. Caldwell was involved with
developing the business relationship between Baxter Healthcare and
MedAssets, and he was instrumental in negotiating the last two
MedAssets/Baxter IV agreements. Caldwell recently announced his
retirement from Baxter after 34 years in the industry.
Supply Chain Savings Award
Phillips Healthcare and Bergelectric Corporation were awarded the Supply
Chain Savings Award for delivering to MedAssets customers in 2010 the
highest amount of total dollar and percentage savings in cumulative
dollars. Philips Healthcare is receiving the Supply Chain Total Dollar
Savings Award for the third year in a row due to their success in
providing aggressive pricing in MedAssets Quarterly Group Buy Program.
MedAssets customers saved more than $20 million over contracted pricing
with the additional Group Buy incentives offered by Philips Healthcare.
Bergelectric Corporation is receiving the Supply Chain Total Percent
Savings Award for providing a savings of 38 percent to healthcare
MedAssets also recognized the following suppliers in specific awards
Diverse Supplier Award — RD Plastics and Tronex Healthcare
Pre-Commitment Program Award — Abbott Nutrition, ArjoHuntleigh,
Attends Healthcare Products, Cardinal Health, Compression Therapy
Concepts, Hill-Rom, Kimberly-Clark Corporation, Medline, Professional
Hospital Supply, Teleflex Medical, Trinity Sterile, Universal Hospital
Services and Welch Allyn
Group Buy Excellence Award — GE Healthcare, Philips Healthcare
and Siemens Medical Solutions
Baxter International Inc. (NYSE:BAX), through its subsidiaries,
develops, manufactures and markets products that save and sustain the
lives of people with hemophilia, immune disorders, infectious diseases,
kidney disease, trauma, and other chronic and acute medical conditions.
As a global, diversified healthcare company, Baxter applies a unique
combination of expertise in medical devices, pharmaceuticals and
biotechnology to create products that advance patient care worldwide.
For more information, go to www.baxter.com.
For more information about other supplier award winners, please visit:
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve
their financial strength by implementing spend and clinical resource
management and revenue cycle management solutions that help control
cost, improve margins and cash flow, increase regulatory compliance, and
optimize operational efficiency. MedAssets serves more than 180 health
systems, 4,000 hospitals and 90,000 non-acute healthcare providers. For
more information, go to www.medassets.com.
Robin Wrinn, 678-624-7420
Robert Borchert, 678-248-8194
Source: MedAssets Inc.
News Provided by Acquire Media
Close window | Back to top