MedAssets
 | |
| Company type | Public |
|---|---|
| Nasdaq: MDAS | |
| Industry | healthcare information technology |
| Founded | 1998 (as Medassets) |
| Headquarters | |
Key people | John Bardis chief executive officer and president |
| Products | Revenue cycle management Accountable care management Spend and Clinical Resource Management Advisory Solutions Payor Solutions |
| Revenue |  US$680.4 Million (FY 2013)[1] |
| US$90.743 Million (FY 2013)[1] | |
| US$27.441 Million (FY 2013)[1] | |
| Total assets |  US$1.613 Billion (FY 2013)[1] |
| Total equity | US$489.789 Million (FY 2013)[1] |
Number of employees | 3100+ |
| Website | www |
Medassets, Inc. is a publicly traded American company that provides Revenue Cycle Management, Accountable Care Management, Spend and Clinical Resource Management, Advisory Solutions, and Payor Solutions services. Medassets was founded in 1998 and is headquartered in Alpharetta, Georgia, with key operations also located in Plano Texas,[2] El Segundo California, Oakland California, Centennial Colorado, Bedford Massachusetts among other locations.
History
Medassets, Inc was founded 1998 as a group purchasing organization.
MedAssets provides services to hospitals to widen their profit margins. The company's Spend and Clinical Resource Management (SCM) segment is its largest, with almost 65% of sales. It operates a group purchasing organization (GPO) that negotiates lower prices on medical supplies and devices for hospitals and health systems. The company's Revenue Cycle Management (RCM) segment provides software and consulting services that help track and analyze a hospital's revenue stream. Such services aim to increase collections and reduce account balances. MedAssets' customers include more than 4,200 hospitals and about 100,000 non-acute health providers mainly in the US, but also in Canada to a lesser extent.
Acquisitions
In 2007, Medassets acquired Xactimed[3]
In 2008, Medassets acquired Accuro Healthcare Solutions[4]
In 2010, Medassets acquired rival Broadlane[4]