Bon Secours Health Implements MedAssets Data Management Suite
Posted on: Monday, 18 February 2008, 15:00 CST
MedAssets, a provider of technology-enabled products and services, has entered into a new multi-year agreement with Bon Secours Health System to expand its relationship by implementing a suite of MedAssets data management and analytical tools to the health system.
In 2005, Bon Secours began using MedAssets's revenue management solutions for chargemaster management, charge capture and strategic pricing.
Bon Secours Health System, a catholic healthcare ministry headquartered in Marriottsville, Maryland, includes 15 acute-care hospitals, one psychiatric hospital, six nursing care facilities, numerous ambulatory sites, six assisted living facilities, and home health and hospice services.
Bon Secours will be implementing CrossWalk to connect its hospitals's supply item files and chargemasters, thus enabling a process by which mark-up strategies can be modeled before implementation to understand gross and net revenue impact. The linkage also allows ongoing monitoring of the mark-up strategy and provides the ability to continuously enforce accurate and defensible pricing of supplies.
Rand Ballard, chief operating officer and chief customer officer of MedAssets, said: "We are honored to enhance our relationship with Bon Secours Health System. The combination of our revenue cycle and supply chain management capabilities will help Bon Secours drive operational and financial efficiencies throughout their health system."
Source: Datamonitor
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