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Consorta Joins Forces with MedAssets Analytical Systems to Decrease Costs and Improve Efficiencies for Its Members

Schaumburg, IL

Consorta, Inc., a leading healthcare group purchasing and resource management organization, and MedAssets, Inc., a cash flow improvement company, today announced they have entered into an agreement to provide Consorta shareholders and participants nationwide with MedAssets Analytical Systems’ supply chain management services and technology.  MedAssets Analytical Systems tools will offer Consorta and its members increased transparency into their supply chain operations in order to enhance decision making, improve contract compliance, and aid Consorta in attracting new shareholders.  The agreement is effective February 1, 2007.

“Our new relationship with MedAssets Analytical Systems will greatly benefit our shareholders and Consorta,” said, Joseph Ciccolo, Senior Vice President, Support Services, Caritas Christi Health Care System and member of Consorta’s Executive Committee.  “It will not only help us meet our system’s goals to reduce supply chain costs by rendering our spend data in a more usable and actionable state, but it will also assist Consorta in developing a program that the shareholders view as essential for Consorta’s continued success and growth.”

MedAssets Analytical Systems’ Strategic Information Services aggregates, normalizes and analyzes supply chain data from single or multiple facilities and provides greater transparency and control of the total supply spend.  Information is compiled and provided in actionable formats such as opportunity analyses and executive summaries to clearly identify specific courses of action.  Strategic Information monitors and maintains the accuracy and compliance levels of Consorta’s national group purchasing and members’ locally negotiated contracts.  Additionally, on an “as-requested” basis, MedAssets Analytical Systems’ Client Item File Services can be engaged to assist in standardization and maintenance of individual shareholders’ supply item files.

“The objective of the MedAssets and Consorta collaboration is to help our shareholders and their members reach their savings goals faster,” explained Anna Fox, Vice President, Contract Operations and Data Management at Consorta.  “Without tools and processes to normalize spend data, it becomes nearly impossible to identify timely opportunities.  By offering established and proven supply chain services and technology to our members, we will increase contract compliance and capture the fees and rebates that are owed to our shareholders.” Fox added that “Consorta performed significant due diligence to identify the right technology partner, and at the conclusion a decision was made to align with MedAssets Analytical Systems.”

“We are pleased to work with Consorta in providing our supply chain technology and services to its member facilities,” stated Mike Cassady, President, MedAssets Analytical Systems.  “The efficiencies and transparency created with our tools will directly and positively impact the bottom line of the individual facilities, and in turn, positively affect the entire Consorta organization.”