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Kelsey-Seybold Clinic Chooses MedAssets Supply Chain Systems for Pharmacy Purchasing Solutions

Posted on: Wednesday, 9 August 2006, 12:00 CDT

MedAssets announced today that Kelsey-Seybold Clinic, based in Houston, Texas, has selected MedAssets Supply Chain Systems to implement supply chain solutions for pharmacy. The multi-year relationship was effective February 2006. Kelsey-Seybold Clinic was previously affiliated with Premier for pharmacy purchasing services.

Through the agreement, Kelsey-Seybold Clinic will be utilizing MedAssets' contract portfolio and CDQuick(R) on-line catalog. Access to the MedAssets' contracts and supply chain technology will provide cost savings and improved operational efficiencies for the organization's 18 clinics and ambulatory surgery center. Kelsey-Seybold Clinic will be taking part in MedAssets' Clinical Pharmacy Consulting Program which includes the Pharmacy Audit tool, a disease state management program which supports Kelsey-Seybold's own physician-driven programs via clinical information; a comprehensive professional educational program; and other decision support tools.

"Our relationship with MedAssets will go beyond simply accessing their pharmacy contract portfolio," Gary Rice, vice president of Pharmacy, Purchasing and Facilities, Kelsey-Seybold Clinic, state. "Together, we will find new ways to improve business processes and clinical outcomes, and increase our investment in Kelsey-Seybold's programs."

"MedAssets pharmacy services sets us apart from our competitors and uncovers opportunities for cost savings," stated Rand Ballard, chief operating officer, MedAssets, Inc. "We are a strategic business partner that has the willingness and flexibility to apply our solutions in a manner that works for each facility."

About MedAssets

MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers' margin and cash flow through revenue cycle and supply chain initiatives as well as decision support technology and services. As a strategic business partner, MedAssets can replace multiple vendors and decrease supply costs by 3-10% and increase net patient revenue by 1-3%. MedAssets Net Revenue Systems provides best-of-breed revenue solutions including defensible pricing, charge capturing, and ongoing chargemaster management tools, all of which have been Peer Reviewed by the Healthcare Financial Management Association. MedAssets Net Revenue Systems also offers denials management and a tool to link supply cost data with charge data. MedAssets Supply Chain Systems is one of the fastest growing group purchasing organizations in the U.S. and builds customized solutions encompassing procurement of common medical supplies, pharmaceuticals, physician preference supplies, food and nutrition items, and capital equipment. The newly formed MedAssets Analytical Systems offers supply chain analytics and decision support tools while clinical and operational consulting services are provided through MedAssets' subsidiary, Aspen Healthcare Metrics. Avega Health Systems, a subsidiary of MedAssets, ranked "Best in KLAS" in Business Decision Support - KLAS Enterprises, LLC 2005. For more information about MedAssets, go to www.medassets.com or contact Gary Johnson, corporate senior vice president of Marketing and Marketing Services, 100 North Point Center East, Suite 200, Alpharetta, GA 30022.

About Kelsey-Seybold Clinic

Kelsey-Seybold Clinic is Houston's largest community-based physician group, founded in 1949 by Dr. Mavis Kelsey in Houston's famous Texas Medical Center. Kelsey-Seybold offers the services of more than 300 physicians with proficiency in over 40 medical specialties. The Clinic's 18 Houston-area locations offer convenience to patients, close to home and work. Kelsey-Seybold has proudly served the National Aeronautics and Space Administration since 1966 and today provides medical services on-site at both Johnson Space Center and Moscow. The Kelsey Research Foundation works to improve community health through information, education, and research studies. Kelsey-Seybold Clinic is part of the St. Luke's Episcopal Health System. Contact: Karen Covington karen@elmorepr.com or 713-524-0661

Source: Business Wire

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