MedAssets Announces Strategic Sourcing Agreement with The Salvation Army
Savings from Strategic Sourcing of Food and Nutrition Supplies to be Re-invested in Charitys Community Service Programs
ATLANTA--(BUSINESS WIRE)-- MedAssets (MDAS) today announced that The Salvation Army, a not-for-profit organization assisting more than 30 million Americans each year, will work with the company to achieve significant cost savings in the purchase of food and nutrition supplies. The strategic sourcing agreement is expected to deliver enhanced purchasing efficiency and optimal pricing via MedAssets national contract portfolio, which includes more than 400 food and nutritional contracts. Ultimately the better pricing and product rebates for local Salvation Army units will enable The Salvation Army to further extend the reach of its community service programs.
One of The Salvation Armys major service efforts is to help eradicate hunger and malnutrition among those in need. The organization offers a wide variety of food service programs across the country, including food banks, food pantries, street ministries, snacks for after school programs, meals at residential summer camp programs and homeless shelters. The Salvation Army serves approximately 60 million meals to those in need on an annual basis.
We are excited by the value presented in this new agreement with MedAssets, said Major Robert Bagley, supplies and purchasing secretary for The Salvation Armys Southern Territory. The Salvation Army spends millions of dollars a year on food nationwide, and our intent is to drive costs down so that we can in turn help more people and do more good in local communities.
Promoting Healthy Lifestyles Helps to Reduce Healthcare Costs
With so many Americans impacted by a bad economy, food security charities such as The Salvation Army have experienced increased demand for services. At the same time, the healthcare industry is placing more focus on preventative care to reduce the expense of treating chronic diseaseswhich account for more than 75 percent of the $2 trillion spent each year on healthcare in the United States. Organizations offering preventive and healthy lifestyle services, such as The Salvation Army, are an important resource to the health and well-being of the most vulnerable patient populations, including older Americans.
Promoting healthy lifestyles and broadening the use of clinical preventive services are critical to preserving health and reducing health care costs, said John Bardis, chairman, president and chief executive officer, MedAssets. We are always delighted when our technology-enabled solutions and services further the mission of our provider clients. Given that charitable giving is ingrained in our companys culture, we are particularly honored to have been selected by The Salvation Army to help extend their vital community services.
About The Salvation Army
The Salvation Army, an evangelical part of the universal Christian church established in London in 1865, has been supporting those in need in His name without discrimination for more than 130 years in the United States. Nearly 30 million Americans receive assistance from The Salvation Army each year through the broadest array of social services that range from providing food for the hungry, relief for disaster victims, assistance for the disabled, outreach to the elderly and ill, clothing and shelter to the homeless and opportunities for underprivileged children. 82 cents of every dollar The Salvation Army spends is used to support those services in 5,000 communities nationwide. For more information, go to www.salvationarmyusa.org.
MedAssets partners with healthcare providers to improve their financial strength by implementing revenue cycle, spend and clinical resource management solutions that help capture revenue, control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 4,200 hospitals and 100,000 non-acute healthcare providers. The company currently manages $48 billion in supply spend and touches over $340 billion in gross patient revenue annually through its revenue cycle solutions. For more information, go to www.medassets.com.
Robin Wrinn, 678-624-7420
Robert Borchert, 678-248-8194
Source: MedAssetsCopyright Business Wire 2012